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The Journal

Long-form writing on buying property in Nigeria.

Notes from the build, explainers on Nigerian property law, and honest reflections on what it takes to develop real estate the right way. Written for buyers, lawyers, and anyone trying to navigate the Nigerian market from abroad.

Topics
Property lawDiaspora investing
ConstructionTrust and verification
Diaspora Guide
14 minute read
Published May 2026

C of O vs Governor's Consent: what every diaspora buyer needs to know before sending a single naira

Most diaspora buyers who lose money to Nigerian property fraud lose it because they did not understand the difference between a Certificate of Occupancy and Governor's Consent. The two terms get used interchangeably by sellers, but they mean completely different things in Nigerian land law. A Certificate of Occupancy proves the land was originally granted by the State Governor. Governor's Consent is the legal approval required every time that land is transferred to a new owner. Without Consent, your Deed of Assignment is binding between you and the seller, but it is not perfected against the world. That distinction is what determines whether the property is yours, or whether you have just bought a long expensive lawsuit.

This article walks you through the full title chain from the 1978 Land Use Act onwards, the specific documents you should demand from any seller, the timing realities of Consent applications at the Lands Registry (3 to 6 months typical, sometimes longer), and the five red flags that should make you walk away from any transaction, no matter how good the price looks.

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Trust & Verification
11 minute read
Published May 2026

How property escrow actually works in Nigeria: a complete guide to Trustcrow, milestone payments, and protecting your deposit

Escrow is the single most important protection a property buyer can demand in Nigeria, and almost no developer offers it. The reason is straightforward: developers who run on cashflow extracted from buyer deposits cannot afford to have that money locked in a third-party account, releasing only on verified construction milestones. The good developers can. The bad ones cannot. That makes escrow the cleanest filter for telling them apart.

This article explains the mechanics of how escrow actually works in Nigerian property transactions, walks through the four-stage milestone payment structure (30 / 30 / 30 / 10), compares the three main escrow services available in the Nigerian market (Trustcrow, ALAT Escrow, and solicitor-held trust accounts), and gives you the exact contractual language you should look for in your sale agreement. It also covers the foreign exchange implications for diaspora buyers paying in USD, GBP, or CAD.

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Construction
9 minute read
Published May 2026

Why we are building in Ibadan, not Lagos: the case for the older capital, in 2026

Every Nigerian property listing aimed at the diaspora is in Lekki, Ikoyi, or Victoria Island. The land price assumes Lagos demand. The build cost assumes Lagos labour. The marketing assumes Lagos status. None of that has to be true. Ibadan, Oyo State, is the oldest Yoruba city in Nigeria, the third-most-populated metropolitan area in the country, and the place most Nigerian diaspora families actually have roots. It is also where you can build a four-bedroom home for a fraction of the Lagos equivalent, on land with cleaner title chains and far less speculative pricing.

This article makes the commercial and cultural case for Ibadan as a property investment destination in 2026, compares construction costs and timelines against the Lagos benchmark, examines the specific GRA neighbourhoods where serious developers are working, and explains why LivMalik chose Block IV, Plots 2 & 3 in the Layout of Educational Zone at Ring Road specifically. Includes an honest look at what Ibadan does not have that Lagos does (international flight connections, beach access, certain corporate jobs) so you can make the trade-off with clear information.

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