A real estate and agro investment expert, Anani Ferdinand, has urged Nigerians in the diaspora to exercise caution and prioritise due diligence when investing in property back home to avoid financial losses.
Ferdinand noted that although Nigeria’s real estate sector continues to expand with opportunities in residential, commercial and land investments, many diaspora investors still fall victim to avoidable mistakes.
He explained that a common error among buyers is relying solely on the reputation of property companies without verifying the credibility of the agents or brokers handling transactions.
“Many people assume that dealing with a reputable company is enough, but the individual managing the transaction is equally important,” Ferdinand said.
“For diaspora investors who depend on remote communication, it is essential to confirm the competence, integrity and track record of the agent involved.”
The expert also emphasised the need for proper verification of land titles and ownership documents, describing it as the bedrock of any secure property transaction.
He advised prospective buyers to ensure they review key documents such as the Certificate of Occupancy, Governor’s Consent and registered Deed of Assignment before making any payment.
“These documents are not just formalities; they are what safeguard your investment. Ignoring them has left many investors with disputed or invalid properties,” he added.
Ferdinand further warned against acquiring land without confirming its status at the appropriate land registry, stressing that some properties may be under government acquisition or tied to unresolved ownership disputes.
“Many investors lose money because they purchase land they cannot legally develop or transfer. Independent verification is crucial,” he said.
On site inspection, he cautioned against over-reliance on pictures and promotional materials, which may not accurately reflect the true state of a property.
He advised diaspora Nigerians who cannot travel to engage trusted representatives, surveyors or property lawyers to physically inspect properties before finalising transactions.
“Key issues such as accessibility, encroachment and actual location are often only discovered through on-site inspection,” Ferdinand stated.
The expert also discouraged informal payment methods, urging investors to avoid cash transactions and ensure all payments are made through traceable and verified corporate accounts.
He stressed that every transaction should be supported by proper documentation, receipts and legal agreements reviewed by professionals.
“Hiring a property lawyer to vet documents before making payments is not an unnecessary expense; it is a vital layer of protection,” he said.
Ferdinand concluded that successful property investment depends more on following the right procedures than rushing into opportunities.
“The opportunities exist, but what secures your investment is diligence. In a market where trust is often assumed, informed decision-making remains the strongest safeguard,” he added.
