My Biggest Financial Regret That Still Pains Me Till 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.

**Before reading on, please make sure to sign up for my newsletter below so you don't miss out on any new and interesting lists, articles, and stories that I post every single day. At the end of each week, I'll compile all the best stories from the week and send them right to your inbox, so you don't miss out on any of the hottest things that have happened throughout the week. Sign up now so you always get alerted!

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?

Thanks for diving into this story with me! Btw, every time you read, support, and share my work, it fuels my hunger to keep bringing you the latest news on your favorite Nigerian celebrities, movies, music and more. Your thoughts also matter to me, so please share them in the comments below, or on my Jide Okonjo Facebook post. Let's keep the conversation going and I can't wait to see your thoughts on this.

That's All.

I hope you’ve had fun. Don’t forget to subscribe to my newsletter if you don’t already for more stories like this - collated every week and sent right to your inbox so you don't miss out on anything.

To catch up on other content you might have missed, click here.

Until next time, have a wonderful rest of your day