My Biggest Financial Regret That Still Hurts Me Today – Yemi Alade

Nigerian singer Yemi Alade is opening up about her biggest financial regret, and how it has led her to a court case that has been ongoing for the last three years. The singer made the revelation while on the show Invested and gave financial advice and caution to others so they wouldn’t end up in the same position she’s in. Here’s what Yemi Alade had to say.

Speaking about her biggest financial regret, Yemi Alade said:

YEMI ALADE: It is an unfortunate story because that was the first property I ever bought, here in Lagos. I call it my baby. It was a choice land in an estate on the island, and myself and a few people on our team had gotten different plots. They wanted to sell, I didn’t want to sell, because I wanted to build for my mom. So I held on to it. Lo and behold, along the line, we discovered that the people had sold my land to someone else. And these are very prominent people that we bought the land from. I’m not going to call names, but they are people that you would never expect to be fraudulent. I am in court right now, it has been three years that I’ve been in court. It’s been a lot of back and forth. It’s not a very good look. I have since then acquired many more properties, but this one I am very personally attached to it because it was my first. It has no right to do this to me. It has dissuaded me from real estate in Nigeria entirely.

You have do your due diligence, especially for real estate. Real estate is very dicey especially in Nigeria, in fact, in Africa. Abroad it’s straightforward: a property is up for sale, it’s made open, there’s an open house, anybody can buy. They will check your records and there is a system operating from your social security number where with just that number, they can check your finances. There’s also credit score, how you’ve been managing your credit card. They will now use those information to decide. But over here, anybody fit buy house. Person fit sell one house to 250 people.

So sad! What do you think about what Yemi Alade had to say and about her experience with real estate?

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That’s All.