Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,236,569 members, 8,102,672 topics. Date: Wednesday, 12 March 2025 at 05:13 PM

AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing - Properties (2) - Nairaland

Nairaland Forum / Nairaland / General / Properties / AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing (17170 Views)

Bluestone Treasure Estate Mowe Town Selling Lands With C Of O / Western Hilltop Estate By Ikola Road Alagbado Now Selling Lands / Now Selling Lands At Haven Garden Estate Enugu (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by kpompey: 5:06pm On Mar 04
Immatex:

This lie of people doing 3 jobs just to shame people abroad is nonsense.

How many persons do 2 jobs not to talk of 3.

I have better work life balance here in England than I had in Nigeria, better than my peers in Nigeria and I earn way better.

Land in Nigeria has no little or no value. Still looking to sell the ones I left behind before they steal them.
so that you can get more mortgage that you will serve for 45 years. What is the probability that you will be here in the next 45 years. You better don't leave debt for your children
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Komu1048(m): 5:10pm On Mar 04
Immatex:

This lie of people doing 3 jobs just to shame people abroad is nonsense.

How many persons do 2 jobs not to talk of 3.

I have better work life balance here in England than I had in Nigeria, better than my peers in Nigeria and I earn way better.

Land in Nigeria has no little or no value. Still looking to sell the ones I left behind before they steal them.


Thanks bro, at least I have about 15 close pals all over the Europe and America. Non is doing multiple jobs and they are not only fine but helping us at home. Na only film n papers I dey see multiple jobs, rather it's Nigeria that people are doing multiple jobs, like I'm doing right now n yet nothing to show for it
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Angelfrost(m): 5:11pm On Mar 04
While they are in Nigeria, the land is really of no use or little use to them when they are suffering and struggling.

Some actually sell the lands while in Nigeria, use the money to start business in Nigeria, and still fail woefully.

So, relocating with the land sale money to start all over, improve or succeed and return to purchase more lands makes far more financial sense.

After all, Naira can never measure up in value to Euros, Dollars and Pounds.


Don't be dull, Mr. AY!

3 Likes

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Quelme: 5:12pm On Mar 04
This AY na mumu.

Car, house, food or anything material is not even my problem at this level now. For abroad, na you go tire for everything. Don't let anybody deceive you, sell and japa to main Europe or North America, Australia or New Zealand.

1 Like

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by iLoveYouToo(m): 5:13pm On Mar 04
Shallow argument
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by SirLakes: 5:22pm On Mar 04
na why hin wife no fit stay be this.............this guy mumu die.

see mumu question

1 Like

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Kongaone: 5:29pm On Mar 04
.
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by kedeojo(m): 5:36pm On Mar 04
YoungLionken:
I like the way AY pretended as if he's ignorant to the obvious reasons/answers undecided. Haven't he heard of Eazi's verse "If I lose money I go make am again"..

My brothers, don't listen to people who try to talk you out of opportunity, especially when they themselves have made it. Sell that landed or automobile property and use the proceeds for your japa plans. Once you get there, it won't take long before you recover those things and more...
I don't know why AY choose to talk this way. I haven't seen any body who sold his properties and japa to America, Canada, Australia and even UK and after about five years is not far better. Some guys in my town sold uncompleted houses and cars and travel. Fews down, they are far bigger. Let AY don't go and be discouraging people.

1 Like

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Saudivisa: 5:37pm On Mar 04
Immatex:

This lie of people doing 3 jobs just to shame people abroad is nonsense.

How many persons do 2 jobs not to talk of 3.

I have better work life balance here in England than I had in Nigeria, better than my peers in Nigeria and I earn way better.

Land in Nigeria has no little or no value. Still looking to sell the ones I left behind before they steal them.
lies land bought for 20m in 2017 sold for 130m

1 Like

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by dododawa1: 5:43pm On Mar 04
OLD




YARIS
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Immatex(m): 5:47pm On Mar 04
Saudivisa:
lies land bought for 20m in 2017 sold for 130m

I pray ooh.

Land marketers and their exaggerations. I am not an advocate of land banking like they call it.

It’s not an exact science.
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by micflo28(m): 5:53pm On Mar 04
The land did not make them rich while they were in Nigeria, so they sold it to move to a nation where wealth flows, got rich and bought the lands again. So the point is that the have riches and lands together. So AY stop discouraging people from making life changing decisions.
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by AdeifofGod: 6:00pm On Mar 04
Saudivisa:
lies land bought for 20m in 2017 sold for 130m

This is a good return on investment in 8 years, about 35 to 40 thousand profit in dollars... Very good investment.
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Miramonica: 6:23pm On Mar 04
Stupid question from a foolish man
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by OChimex: 6:26pm On Mar 04
jocelynor:


Travelling right now is more like business, I gat friends who come back 1ce or twice a yr to chk their investment.

If u sell land n japa n u buy land again u have gained, u will still build n buy more na something carry u go there. Jeez

It's bad investment to work in America and use the dollar you make here to buy properties in nigeria in the name of investments. I don't mind people building nice homes back home for their occupancy.
I agree to that if you want to relocate permanently, soon. And stay back in nigeria. But if not, that's a bad investment
Let me explain mathematically...
2020, $1=365, you sent home $10k to buy land. Thats 3.65 million Naira. 2025, 5 years later, the land aporeciated to 10 million naira.
Now convert the 10 million back to dollar, that's $6.6k
Your $10k is now worth $6.6k.

2 Likes

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Dijita: 6:35pm On Mar 04
OChimex:


It's bad investment to work in America and use the dollar you make here to buy properties in nigeria in the name of investments. I don't mind people building nice homes back home for their occupancy.
I agree to that if you want to relocate permanently, soon. And stay back in nigeria. But if not, that's a bad investment
Let me explain mathematically...
2020, $1=365, you sent home $10k to buy land. Thats 3.65 million Naira. 2025, 5 years later, the land appreciated to 10 million naira.
Now convert the 10 million back to dollar, that's $6.6k
Your $10k is now worth $6.6k.
if you invested the money in America stock market you would have at minimum 15% returns.
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by caracas: 6:55pm On Mar 04
Wealthoptulent:


Sense they there Sir,
Many people are working a$$ out and killing their health to make money to buy properties in Nigeria, where u spend jus 1 month or max 2 all year round and u stressing ursef here rest of MONTH to make money and Send to where you don't LEAVE, a QUICK QUESTION; are your Children u raising here interested in going back to 9ja to inherit when you are GONE?
NO! They become like BADNOCH who has nothing to do with that country, wasn't born there or Raised there!

One can INVEST here, yes you can't pass to your wards to inherit tho (Direct inheritance is not automatic unlike Nigeria, becos they have to pay Inheritance Tax like £50k - £100k) but there are better ways to leave PROPERTIES to your wards, which is "TRUST" ( it's a wisdom profitable way, by opening a company and purchase properties , it saves u from partner who also want to part away with your properties and any of your lineage will be in charge of these properties with out the pay of INHERITANCETAX ).

PROPERTIES accumulation in NIGERIA os not a WISE MOVE, it's not an INVESTMENT at all (can u change the money to abroad denom and spend monthly where u stay ? no

WHAT'S THE POINT?
There's absolutely no sense in what he posted.
They sold their land for a better opportunity
I know some one who sold his father's Land to go abroad but after just two years he bought back the land n surrounding lands, brought down the structures n built a magnificent structure that the whole village adores till today.
After all ppl sell their cars or any other property to fund a business to later buy a bigger car ....

1 Like 1 Share

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Agbaka1997: 7:02pm On Mar 04

https://www.youtube.com/watch?v=v12k5tacFRw?si=vI9e5i8DBMDvYPFV


Lawrence Nomanyagbon Anini, born in 1960 in Benin City, Nigeria, became one of the most notorious criminals in the country’s history. Initially a taxi driver, Anini’s criminal empire began after he started working for various gangs, later forming his own with members like Monday Osunbor and Ofege. His gang committed a series of violent crimes, including car hijackings, bus robberies, and a fatal bank heist in 1986 that left many dead. The public, captivated by his audacity, followed the "Anini Saga" as the media painted him as a larger-than-life figure, further fueling his infamy.

Anini's gang operated with impunity, allegedly aided by corrupt police officers who allowed them to continue their violent rampage. This collusion made their criminal activities more daring and deadly. In December 1986, after a nationwide manhunt led by Superintendent Kayode Uanreroro, Anini was finally captured in Benin City, marking the end of his reign of terror. His arrest brought relief to the nation but left behind a lasting legacy of fear and violence in Nigerian society.

#LawrenceAnini #NigerianCrimeHistory #CriminalEmpire #LawEnforcement #MediaInfluence #CrimeConsequences #PublicSafety #Nigeria

Please remember to kindly subscribe to this channel.
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by tunapawizzy: 7:20pm On Mar 04
For a lot of Nigerians, to sell land and travel makes a lot of sense.

1 Like

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by DMCY: 7:23pm On Mar 04
Judolisco:
dis thing wey u talk now, na d stuff wey land naija inside dis wahala bdat.... If something is wrong let's learn to speak out and correct it.... Don't say their life their choice.... Ego come affect you later on in life


You same people will come and advertise still been in the country as a bad thing and celebrate their jandism 😏.

Bloody hypocr!tes…
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by meobizy(f): 7:31pm On Mar 04
It means he’s as dumb as he looks. How will an economy flourish if cash does not circulate? That is why the white man created holidays for spending because people would rather dig a hole to hide their earnings. Taxes are created from selling the land here, forex is made when the individuals send money home to buy lands. Normally, with the cash they make, they buy more lands than owned previously.

1 Like

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by jmichael259(m): 7:34pm On Mar 04
Wealthoptulent:


Sense they there Sir,
Many people are working a$$ out and killing their health to make money to buy properties in Nigeria, where u spend jus 1 month or max 2 all year round and u stressing ursef here rest of MONTH to make money and Send to where you don't LIVE, a QUICK QUESTION; are your Children u raising here interested in going back to 9ja to inherit when you are GONE?
NO! They become like BADNOCH who has nothing to do with that country, wasn't born there or Raised there!


PROPERTIES accumulation in NIGERIA os not a WISE MOVE, it's not an INVESTMENT at all (can u change the money to abroad denom and spend monthly where u stay ? no

WHAT'S THE POINT?


Not everybody ends up like Badenoch. The richest Nigerians and their wards are steady parading in Nigeria.
Many people just went within a period with a target (to change their family condition) and returned voluntarily thereafter. I have also seen Nigerians who had to return at the end of their Visa and many more who got deported after many years.
Wouldn't it be better if they at least had some roof and little investment to 'save face' and bounce back on their feet!?
"Do not despise humble beginnings." As newbies in a strange country, any investment or backup at home is not a senseless move in their foundation years. When they get permanent residence or citizenship and/or if they prosper, it wouldn't be a problem to leave these ones to their relatives or sell them off.
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by Orch1981: 7:53pm On Mar 04
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by jocelynor: 7:56pm On Mar 04
OChimex:


It's bad investment to work in America and use the dollar you make here to buy properties in nigeria in the name of investments. I don't mind people building nice homes back home for their occupancy.
I agree to that if you want to relocate permanently, soon. And stay back in nigeria. But if not, that's a bad investment
Let me explain mathematically...
2020, $1=365, you sent home $10k to buy land. Thats 3.65 million Naira. 2025, 5 years later, the land aporeciated to 10 million naira.
Now convert the 10 million back to dollar, that's $6.6k
Your $10k is now worth $6.6k.

Smh for u, u talk like who dey tie for village.

People who are wealthy don't only invest in their country they invest outside wat stops u who lives outside to invest in ur country.

Or u think all those houses in lekki are built by bankers
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by PAQ(m): 8:33pm On Mar 04
I am not with the Jappa syndrome, but going over there you can buy back your sold land and in not a long while buy some more doing a honest job. In Nigeria you will labour yours ass off to get a good property and most is through one or two shady means and cutting corners.

I'll use myself as an example; I have a cousin abroad, about same age, he has properties across 3 Nigerian states and still acquiring while after 20yrs of working my ass off i have one house in FCT and a piece of land only God know how i will raise money to develop it. In all i give God thanks for being contented with what i have knowing he will make a way.

There are others who sold their to jappa, and till now nothing good to show for it. Its life's gamble, either be contented with what u have or be ambitious and toss your coin.

3 Likes

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by RodgersAkpafu: 9:24pm On Mar 04
Wealthoptulent:


Sense they there Sir,
Many people are working a$$ out and killing their health to make money to buy properties in Nigeria, where u spend jus 1 month or max 2 all year round and u stressing ursef here rest of MONTH to make money and Send to where you don't LEAVE, a QUICK QUESTION; are your Children u raising here interested in going back to 9ja to inherit when you are GONE?
NO! They become like BADNOCH who has nothing to do with that country, wasn't born there or Raised there!

One can INVEST here, yes you can't pass to your wards to inherit tho (Direct inheritance is not automatic unlike Nigeria, becos they have to pay Inheritance Tax like £50k - £100k) but there are better ways to leave PROPERTIES to your wards, which is "TRUST" ( it's a wisdom profitable way, by opening a company and purchase properties , it saves u from partner who also want to part away with your properties and any of your lineage will be in charge of these properties with out the pay of INHERITANCETAX ).

PROPERTIES accumulation in NIGERIA os not a WISE MOVE, it's not an INVESTMENT at all (can u change the money to abroad denom and spend monthly where u stay ? no

WHAT'S THE POINT?

Well said
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by OChimex: 9:41pm On Mar 04
jocelynor:


Smh for u, u talk like who dey tie for village.

People who are wealthy don't only invest in their country they invest outside wat stops u who lives outside to invest in ur country.

Or u think all those houses in lekki are built by bankers

You sound naively poor..
First of all, argue with numbers and statistics not sentiments.
Do you have 500k in your account now? Have you lived abroad?
You will only understand when you do...
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by jocelynor: 9:42pm On Mar 04
OChimex:


You sound like an idiot.
First of all, argue with numbers and statistics not sentiments.
Do you have 500k in your account now? Have you lived abroad?
You will only understand when you do...

Wen mumu finally get data it want to show it self.
Better start downloading wat will keep u busy ode
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by OChimex: 9:43pm On Mar 04
jocelynor:


Wen mumu finally get data it want to show it self.
Better start downloading wat will keep u busy ode

Poor sick thing.
See food chop first
Foolish village idiot who hasn't entered plane first in his life
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by jocelynor: 9:46pm On Mar 04
OChimex:


Poor sick thing.
See food chop first
Foolish village idiot who hasn't entered plane first in his life

Lol says d monkey stuck in a village some where, hahahaha
Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by OChimex: 9:50pm On Mar 04
jocelynor:


Lol says d monkey stuck in a village some where, hahahaha

Most of you idiots don't know who some of us here are.
Go to my profile and see my pic. You silly thing

1 Like 1 Share

Re: AY Questions Nigerians’ Cycle Of Selling Lands To Relocate, Then Repurchasing by femi4: 9:54pm On Mar 04

(1) (2) (3) (Reply)

Can 300 Square Metres Land Be Sufficient To Build 6 2 Bedroom Flats In 2 Floors / 3 Bedroom Flat And Duplex To Let/lease At Majek,ajah (Pics attached) / Uncovered!! Read This Article/Watch Video, Sure Way To Avoid Fake Roofing sheets

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2025 Oluwaseun Osewa. All rights reserved. See How To Advertise. 65
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.