A couple recently fell victim to a ₦280 million property scam orchestrated by a fake developer and a security guard who conspired to sell a house in Igbo-Efon, Lekki, Lagos.
Typically, security guards protect properties, but in this shocking case, the guard played the role of an accomplice in a well-planned real estate fraud.
The couple first came across the “luxury” 4-bedroom duplex on Instagram, showcased by a supposed developer using flashy marketing tactics. The pictures were stunning, the location prime, and the price seemingly reasonable. Little did they know it was all a well-crafted scheme.
When the couple expressed interest, the fake developer arranged a property inspection with the help of the security guard. Bribed with ₦2 million, the guard provided the scammer unrestricted access to the property, allowing him to impersonate the real owner when the legitimate homeowners were away. The guard’s presence added a layer of credibility to the ruse, making the deal appear authentic.
The fraudster presented expertly forged documents, including a Governor’s Consent, Survey Plan, and Receipts — all in his name. The documents were so convincing that the couple failed to conduct further verification.
Eager to close the deal, the couple paid the full ₦280 million and received keys, which had been expertly duplicated. Days later, when they returned with their lawyer to sign the deed of assignment, they encountered the actual developer marketing the same house to other buyers. He was stunned by their claims, having no knowledge of the transaction.
By that time, the fake developer and the security guard had vanished, leaving the couple devastated and without recourse to their money.
Police later tracked down the security guard in Gombe State, where he confessed to receiving ₦2 million from the scammer to impersonate the owner and grant access to prospective buyers. However, the fake developer fled the country and remains untraceable.
Unfortunately, the couple’s ₦280 million is gone for good.
This tragic incident underscores the importance of due diligence when purchasing property in Lagos. Never rely solely on appearances or verbal assurances — always verify property titles and documentation before making any payments. “Looks real” is never enough.
Source: Nairaland/Lawyer (m)
