13/10/2025
A Costly Mistake: The Price of Skipping Legal Counsel in Property Transactions
Mr. Adesanya Bami and his wife, Mrs. Adesanya Bami, after years of disciplined saving, finally raised ₦15 million to purchase a piece of land in Enugu State — a quiet place they envisioned as their retirement haven.
Believing it unnecessary to engage legal services, they decided to “save” ₦1.5 million — the standard 10% lawyer's fee. Confident in their decision, they proceeded to pay the purchase price. A receipt was issued in the name:
“MR & MRS ADESANYA BAMI.”
All seemed well — until three years later.
During a chance encounter with a legal practitioner, they were informed — to their shock — that “MR & MRS ADESANYA BAMI” is not a legal person capable of holding title to land.
More troubling was the revelation that no valid Deed of Assignment had been executed in their individual names, and that the transaction, as it stood, was legally defective.
> Imagine the sinking feeling: discovering that your hard-earned investment may not legally belong to you.
In an effort to remedy the situation, they reached out to the vendor, pleading for the ex*****on of a proper Deed of Assignment.
But the vendor, now fully aware that the property has appreciated to ₦30 million, is demanding an additional ₦5 million to re-execute the documents — or walk away.
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💡 Key Legal Insights:
✅ Only natural or juristic persons can hold title to land.
> “Mr. & Mrs.” is a title — not a person in law.
✅ All interests in land must be in writing.
> A mere receipt is not sufficient under the law. Proper documentation such as a Deed of Assignment is essential.
✅ Legal due diligence is non-negotiable.
> Verifying the vendor’s identity, title, and encumbrances are critical steps only a trained professional can properly navigate.
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⚠️ Reflect on These Questions:
Who is the actual vendor in your land transaction?
Have you reviewed or verified the document transferring ownership to you?
Are your documents properly executed, stamped, and registered?
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🎯 Final Thought:
The Bamis thought they were saving ₦1.5 million in legal fees. That “saving” has now cost them ₦5 million — and potentially, their dream retirement home.
> Legal services are not an expense — they are an investment in peace of mind.
Don’t be pennywise and pound-foolish. Always engage a qualified lawyer for your property transactions.
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Credit: Kehinde Jane Aliemeke
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