Two guys launched a mobile app to fight real estate fraud in Nigeria. The app is called Ist Choice Property, made by Taiwo Joel Oladapo and Gbenga Agbana. They introduced it at an event in Lagos. This is apparently the first tool of its kind in Nigeria and West Africa.
The CEO, Oladapo, said Nigerians get scammed out of more than one hundred billion naira every year through fake property deals. He called the sector high risk because of these fraudsters. The app is supposed to let users check a property's legal status before buying. It flags stuff like land disputes or assets seized by anti-graft agencies.
Oladapo pointed out a major housing shortage, with less than ten percent of Nigerians owning their homes. He mentioned that diaspora investments are huge, but poorly regulated markets let scammers steal billions from people abroad. He argued this new app could bring transparency and stop those losses, maybe even creating more jobs in real estate. The promoters think it will make Nigeria look better for international investment.
The CEO, Oladapo, said Nigerians get scammed out of more than one hundred billion naira every year through fake property deals. He called the sector high risk because of these fraudsters. The app is supposed to let users check a property's legal status before buying. It flags stuff like land disputes or assets seized by anti-graft agencies.
Oladapo pointed out a major housing shortage, with less than ten percent of Nigerians owning their homes. He mentioned that diaspora investments are huge, but poorly regulated markets let scammers steal billions from people abroad. He argued this new app could bring transparency and stop those losses, maybe even creating more jobs in real estate. The promoters think it will make Nigeria look better for international investment.
