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Lagos Diaspora Office Issues New Guidelines for Remote Property Acquisition

Jermaine Sanwo-Olu, head of the Lagos State Office of Diaspora Affairs, has issued six guidelines for Nigerians abroad purchasing landed property in Lagos to mitigate risks of fraud and legal disputes. Key recommendations include executing a specific Power of Attorney with separated roles for sourcing and legal representation, retaining independent estate surveyors and lawyers before committing to a property, and avoiding cash payments in favor of bank-to-bank transfers. Investors are further urged to finalize the Deed of Assignment and secure Governor’s Consent immediately, while physically securing land boundaries to prevent encroachment.

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