Property fraud in Nigeria isn't rare — it's systematic. Understanding the playbook is your best defence.

The Scale of the Problem

The Nigerian Police Force's Anti-Fraud Unit estimates property-related fraud cases cost victims between ₦40 billion and ₦60 billion annually. The common thread: buyers skipped due diligence steps that would have exposed the fraud early.

Red Flag #1: No Physical Office or Traceable Identity

Legitimate sellers have verifiable identities. If an agent operates exclusively through WhatsApp with no verifiable address or business registration — stop. On Blomset, every seller undergoes KYC verification before listing.

Red Flag #2: Pressure to Pay Quickly

"Another buyer is ready to pay tomorrow." These are textbook fraud pressure tactics. Legitimate transactions accommodate due diligence. Fraud requires speed.

Red Flag #3: Price Significantly Below Market Rate

If a 3-bedroom in Lekki is offered at 40% below every comparable listing, ask yourself why. Greed is the fraudster's most reliable tool.

Red Flag #4: Title Document Irregularities

Always verify title documents at the relevant Land Registry before any financial commitment. Red flags include photocopies only, title numbers that don't match registry records, or gaps in the chain of ownership.

Red Flag #5: "Omo-Onile" Complications

Even with a valid C of O, some communities claim ancestral rights and demand unofficial payments. Verify community reception by speaking with neighbouring residents — not agents.

Red Flag #6: Non-Traceable Payments

No legitimate property transaction requires cash payments or transfers to personal accounts without receipts.

Red Flag #7: No Lawyer Involvement

In a genuine property transaction, both parties should have legal representation. If the seller resists lawyer involvement, treat this as a serious warning sign.

Your Due Diligence Checklist

  • ✅ Verify seller identity (request government ID, BVN, business registration)
  • ✅ Conduct Land Registry title search independently
  • ✅ Physically inspect the property with your own eyes
  • ✅ Engage an independent property lawyer
  • ✅ Speak with neighbours about the property history
  • ✅ Never pay under time pressure
  • ✅ All payments via bank transfer with formal receipts




genuine property transaction, both parties should have legal representation. If the seller resists

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