Nigeria experienced an economic downturn in the 1990s. There was a serious capital flight due to the heightened political tension caused by the annulment of June 12, 1993. Companies closed down and many people lost their jobs.
Nigerians abroad and those living in the country have been scammed several times trying to purchase a property. This can be traced to either they don’t understand the process involved in acquiring a property or chose not to carry out due diligence.