Buying property in Lagos can feel like playing “Who Wants to Be a Millionaire”—except here, the “final answer” could mean losing your life savings. That’s why escrow services are the unsung heroes of modern real estate.

What Exactly Is Escrow?

Think of escrow as the trusted “middleman” that holds your money until all property documents check out. It’s like keeping your amala with a trusted friend while you quickly run to buy meat—so no random person grabs it.

Why Lagosians Need Escrow

1. Scam Protection – Money isn’t released until documents are verified. No more stories that touch.
2. Peace of Mind – No midnight calls from sellers asking for “small urgent” deposits.
3. Transparency – Both buyer and seller see the same process. No corner-corner runs.

Funny but True Scenarios Without Escrow

• Paying for land, only to find 5 other “owners” already collected from others.
• Depositing full payment, then hearing, “Oga traveled with the documents.”
• Buying “waterfront property” that turns out to be literally water.

Conclusion

Escrow is like a seatbelt—you may not need it every day, but the day you do, it saves your financial life. In a city where even traffic lights are suggestions, escrow is the one guarantee your money isn’t jumping danfo without you.