Why Nigerians Abroad Are Afraid Of Investing In Real Estate Back Home
- Posted by Opeyemi Quadri in Real Estate Investing
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In 2002, I was staying with a family of five. The head of the household had relocated to Canada 11 months before I joined them.
The man was always calling to know how his family back home were doing. A year and a few months after his relocation, he started sending money to Nigeria to have their own HOME.
Tale of Trust
His younger brother would supervise the acquisition, architectural design and completion of the building.
While the Canadian-based man was sending money to Nigeria, his younger brother was diverting the money to his own project.
We later learnt he had acquired a plot somewhere and was developing it with his brother’s resources.
To make things worst, he was always giving excuses. The wife who already knew what was going briefed her husband.
The project would not be completed until he came back to Nigeria. He took his time to complete the project before returning to Canada.
Are you in the same situation? Or the fear of the unknown is impeding you?
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Our offices are in more than 15 states in Nigeria.
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Inspection on sites if you like
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