SWIPHT MEDIA

Although both home buyers and sellers have the legislated power to stop bogus estate agents in their tracks, many are not aware of the steps they can take – or of the dangers of dealing with people who are not properly qualified or registered to handle property transactions. Much publicity has been given to the new compulsory qualifications for estate agents and, as most of the national real estate groups have gone to great lengths to ensure that all their agents attain these qualifications, there has been a significant increase in professionalism in the industry. In addition, the past few difficult years in the property market have brought about a steep decline in agent numbers. But these two factors taken together don’t mean that there are no unqualified and unscrupulous people acting as agents and taking both buyers and sellers for a ride. At least one in every 10 people operating as an agent at the moment is either not registered with the Estate Agency Affairs Board, as requi...

Exposed! Exposed!! Exposed!!! Here is the Hotel where hundreds of hardworking Nigerians have been reportedly duped. Spring Waters Hotels Ltd is located at New Owerri, World-Bank, Owerri, Imo State. This Hotel is reportedly owned by Mr. Daniel Chiwenwa Stephens an indigene of Isiala Ngwa, Osisioma Local Govt of Abia State seconded by Ekeji Peters. Mr. Uche Chris, who happens to be one of their numerous victims have vowed to Expose their crooked act. He testified that Mr. Daniel put up Spring Hotels Ltd for sales whereas the property has been used as a loan collateral with First Bank of Nigeria Plc. Some of their numerous tricks are as follows; [1]. Photocopy of property documents would be shown to their prospective buyer; [2]. They would compel their prospective buyer to make a down payment as an evidence of seriousness while balance would be anticipated in 3 weeks time; otherwise, they would refund the deposit to the prospective buyer but the reverse have always been the ...

Kanayo Awurum, 29, has been arrested by the Lagos State Police Command for allegedly selling his son for N450,000 in the Egbe, Ikotun area of the state. He allegedly sold the two-year-old boy, identified as Samuel, to a middle-aged women. Kanayo, who worked as a painter, reportedly lied to his wife, Kelechi, that one of the women was his relative in Port Harcourt, Rivers State, and the boy was going to live with her. It was learnt that the police had apprehended the three women he sold his son to namely Nkechi Obi, Cecilia Nwatu and Gladys Nwobodo for allegedly buying the child. Kanayo told his friend Emmanuel, who is still at large, that he had some financial difficulties, and wanted to sell his son for N450,000 so the women, who were working with Kanayo’s friend, identified only as Emmanuel, visited the man and his wife to purchase the boy. He added that his plan was to stabilize his family with the money as his wife was pregnant with another child. He said, “I met Ke...