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Frankly Business Podcast

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by Frank Fagbo

18 episodes

Updated Daily

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Podcast Overview

The Frankly Business Podcast is a platform for clear, intelligent conversations on business, finance, and the economy across Nigeria and Africa. Hosted by Frank Fagbo, a business media professional with deep experience in markets and economic reporting, the show features founders, CEOs, policymakers, and industry leaders shaping Africa's digital and economic landscape. We break down fintech, macroeconomic trends, regulation, digital payments, startup funding, capital markets, and the strategies behind Africa's fastest-growing companies. Our goal is simple: to make complex ideas accessible and give you insight into how top operators think and execute. This channel serves founders, investors, professionals, and anyone interested in African business, financial markets, entrepreneurship, and technology.

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Publishing Since

10/27/2025

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Recent Episodes

July 11, 2026

Before You Buy Land in Nigeria, Watch This | The Complete Real Estate Guide

Every year, thousands of Nigerians lose millions of naira to real estate scams, fake land documents, government acquisition issues, Omo-onile disputes, and costly mistakes that could have been avoided. In this episode of Frankly Business, real estate expert Folajomi Ibrahim shares a practical guide to buying land and property in Nigeria the right way. From understanding a Deed of Assignment, Certificate of Occupancy (C of O), and government acquisition, to avoiding fake family claims, conducting due diligence, choosing the right professionals, and calculating construction costs, this conversation is packed with insights that could save you years of stress and millions of naira. Whether you’re buying your first plot of land, investing in Lagos real estate, building a home, or simply trying to understand how property ownership works in Nigeria, this is an episode you shouldn’t miss. In this episode, you’ll learn: Why a receipt does NOT prove you own land. The documents you must verify before buying property. How to avoid Omo-onile and land scams. What government acquisition really means. Why every buyer needs a surveyor, property lawyer, and qualified realtor. How to verify land ownership before paying. Why land disputes can last nearly a decade. The hidden costs of building in Lagos. How to estimate construction costs accurately. The smartest places to invest in Lagos today. If you found this conversation valuable, don’t forget to Like, Subscribe, and Share it with someone planning to buy land or invest in real estate. CHAPTERS 00:00 Introduction 00:37 Can You Buy Land With Only a Receipt in Nigeria? 00:46 What Documents Prove You Own Land in Nigeria? 01:11 Why Buying Waterfront Land in Lagos Can Be Risky 02:04 What Due Diligence Should You Do Before Buying Land? 02:20 Real-Life Land Scam: How My Father Bought the Same Property Three Times 03:22 What Are the Steps to Buying Property in Nigeria? 03:35 Why You Need a Professional Realtor Before Buying Land 04:39 What Is Government Acquisition Under the Land Use Act? 05:18 Why Every Land Buyer Needs a Registered Surveyor 05:53 Why Land Scams Increase During the Dry Season 07:00 Why You Need a Property Lawyer (Not Just Any Lawyer) 07:30 What Does a Property Lawyer Actually Do Before You Buy Land? 08:25 How I Almost Got Scammed Buying Property in Ikeja 10:04 Do All Children Have Equal Rights to Inherit Property in Nigeria? 11:13 The Two-Lock System That Protects Property Buyers 11:53 How Do You Know You're Buying Genuine Land? 12:15 Why Your Property Team Can Save You Millions 12:31 Should Your Realtor Represent Both Buyer and Seller? 13:42 How Experienced Investors Spot Risky Land Instantly 13:50 Which Areas in Lagos Are Risky for Buying Land? 14:53 What Is a Deed of Assignment and Why Is It Important? 15:58 Why Government Records Matter More Than Private Documents 17:27 What Happens If a Deed of Assignment Has No Governor's Consent? 18:29 Can Payment Receipts Alone Win a Land Dispute in Court? 18:56 Why Going to Court Over Land Can Cost You Years 19:10 How Long Do Land Cases Take in Nigeria? 20:33 What Is a Certificate of Occupancy (C of O)? 23:45 What Documents Do You Need to Process a C of O? 24:16 Why Every Property Must Have a History of Ownership 24:32 Why "Trust Me" Is the Biggest Mistake Land Buyers Make 25:02 Which Property Documents Actually Matter to the Government? 27:44 How Fraudsters Fake Family Ownership to Sell Land 28:29 How Fake Landowning Families Scam Buyers 28:40 The Newspaper Land Scam That Fooled Thousands 30:29 Can You Buy Land From a Traditional King? 31:52 What Approvals Do You Need Before Building in Lagos? 35:03 Why Lagos Tests Your Soil and Water Before Construction 36:22 Why Building Regulations Matter More Than You Think 36:46 Why Some Developers Continue Building After Government Sanctions 37:23 Why Lagos Residents Report Illegal Buildings 37:35 How Strict Is Lagos State Building Control? 37:49 What Happens If Your Building Fails Government Inspection? 49:45 The Golden Rule for Paying Money During Property Transactions 51:54 Where Are the Best Property Investment Opportunities on Lagos Mainland? 57:47 Why Lagos Mainland Property Can Be 20% Cheaper 58:27 How Much Does It Cost to Build a House in Lagos? 1:04:05 Why You Should Budget More Than Your Building Estimate 1:04:24 The Hidden Cost of Choosing Cheap Building Materials 1:06:19 Why Accountability Is Better Than Trust in Real Estate 1:06:37 What Real Estate Can Learn From International Accountability Systems 1:07:00 How Do You Calculate the Cost of Building a House? 1:11:13 Engineers vs Artisans: Who Should Build Your House? 1:15:27 How the Rising Dollar Increased Building Costs in Nigeria ⸻ Subscribe for more conversations on business, money, investing, entrepreneurship and the Nigerian economy. #RealEstate #Nigeria #PropertyInvestment #LagosRealEstate #LandScam #PropertyInNigeria #RealEstateNigeria #CertificateOfOccupancy #DeedOfAssignment #FranklyBusiness #FolajomiIbrahim #Investing #BusinessPodcast #Lagos #Construction

June 21, 2026

Japa Won’t Make You Rich — The Truth About Migration, Wealth & Nigeria’s Broken Investment System | Femi Rogers

Everybody wants to leave Nigeria. Japa. Escape. Start over abroad. But what if everything you believe about migration, wealth, and “the West as heaven” is wrong? In this episode of Frankly Business Podcast, serial entrepreneur and real estate developer Femi Rogers breaks down the uncomfortable truth about money, migration, and wealth creation across Nigeria and the United States. From building businesses across two continents to managing real estate investments in Houston and Lagos, Femi shares rare insights on why many people leave Nigeria expecting wealth… but struggle to build it abroad. We discuss: Why “Japa” does not automatically equal financial success The illusion of wealth vs real wealth creation Why many immigrants get trapped in debt cycles abroad Why diaspora investors don’t trust Nigeria’s investment system The transparency crisis in Nigerian real estate Why Nigeria struggles to attract foreign direct investment (FDI) How remittances from the diaspora are quietly sustaining the economy Why smart investors think differently about money, leverage, and credit Lessons from the Igbo apprenticeship system and early financial education The real valuation logic behind Nigerian real estate pricing Why no smart investor leaves money idle in the bank Femi also shares personal experiences: From employing over 100 staff in Nigeria… to starting again in America… to navigating real estate development across Houston and Lagos. This is not motivational talk. This is a reality check on wealth, systems, migration, and survival economics. If you are in the diaspora, planning to japa, investing in Nigeria, or trying to understand global wealth systems — this conversation will challenge your assumptions. ⸻ CHAPTERS 00:00 Trailer & Introduction 03:29 Is Japa Really Worth It For Nigerians? (The Harsh Reality) 06:32 What Is the Reality of Living and Working Abroad? 09:28 Why Immigrants Struggle Financially Abroad & The Tax Truth 12:32 How Do Rich People Use Debt and Credit Differently? 13:20 Buying Property in Nigeria: My First House in Wuse, Abuja 13:35 Real Estate Mistakes: The Story Behind My First Property Deal 21:58 Is It Easier to Make Money in Nigeria or Abroad? (ROI Compared) 27:05 Why Are Lagos Property Prices and Valuation So Unrealistic? 27:39 How Do You Calculate Property Value in Nigeria? 28:56 What Is a Good Cap Rate in Nigerian Real Estate? 30:23 Why is Nigerian Real Estate So Untransparent? (The Data Problem) 30:56 Why Do Sellers Wait to Sell Higher Than the Real Value? 31:37 How the US Property Market Submits and Tracks Real Prices 31:59 Why You Cannot Inflate Prices in Shrewd Data Markets 32:10 Why Don’t Diaspora Investors Trust Nigeria? 33:57 How to Verify Property Ownership in Nigeria (The Alausa Problem) 34:22 Are Remittances Better Than Foreign Direct Investment (FDI)? 34:50 Why Investors Avoid Nigerian Markets & Demand Transparency 35:06 How Can Nigerians Abroad Safely Invest Back Home? 35:44 What Are Nigeria’s Current Economic Reforms Doing? 36:21 Dealing with the Early Growing Pains of Economic Reform 39:08 How People Become Billionaires Daily in a "Bad" Economy 40:07 How Does Corruption Affect Investment in Nigeria? 40:25 Navigating the Reality of NNPC Allocations in the Past 40:47 Why Past Economic Opportunities Deprived Everyday Nigerians (Nigeria Economic Reforms) 42:10 What Is the Igbo Apprenticeship System & Money Management? 46:13 Why Do Successful Businessmen Think Differently About Banks? 50:34 How Savvy Operators are Globalizing Their Businesses 52:20 Why ₦1bn Builds 1 House in Nigeria But 5 Houses in the US 52:35 Making 30% Returns in Nigeria vs. 50% Returns Abroad 59:49 Why Do the Wealthiest People Always Invest in Real Estate? 1:03:37 How Does Lack of Transparency Affect Investment? 1:06:32 Buying Property Abroad: Getting a Deed in 3 Hours in the US 1:15:41 Building a Business with 100+ Staff: Mindset and Humility 1:26:26 How Do Successful Businessmen Think About Networking? 1:27:03 Starting Small: Moving From Furniture to Oil & Gas 1:27:24 How to Build Systems so Your Business Takes Care of Itself Subscribe for more conversations on money, business, and Africa’s economic future. Frankly Business Podcast

May 16, 2026

The Truth About Business, Power & Survival “Nigeria Should Structure Corruption” | Keji Giwa

What if corruption in Nigeria isn’t disappearing anytime soon… but simply becoming more organized? On this explosive episode of Frankly Business, Keji Giwa — founder of Shortlet.ng and Giwa Gardens — shares one of the most controversial business takes we’ve ever heard on the podcast: “Nigeria should structure corruption.” But that’s only the beginning. In this conversation, Keji breaks down: - Why the shortlet market is dying - Why Nigeria doesn’t truly have 200 million customers - How greed is damaging the real estate industry - Losing over ₦400 million to theft - The systems he built to stop internal fraud - Diaspora money and investment opportunities - Building West Africa’s largest water park - The future of tourism and leisure in Africa - The harsh realities of building businesses in Nigeria This episode is raw, honest, uncomfortable, insightful — and necessary. Whether you’re an entrepreneur, investor, founder, creative, or young African trying to understand how business really works in Nigeria… this conversation will challenge your thinking. TIMESTAMPS 00:00 Intro 03:04 Why The Shortlet Market is Dead 03:20 Why People Are Getting out of the Shortlet Market 03:56 Demand and Supply for Shortlet Market 04:15 Housing Deficit in Nigeria 04:30 Affordable Housing is a Myth 05:28 How I Built Shortlet.ng 05:55 How I Became The Godfather of Shortlet 06:00 Watch This Before Starting Shortlets or AirBnB in Nigeria or Africa 07:10 How Shortlet Started 11:25 I made $3k to $4k from 1 Shortlet Apartment in a Month 11:50 Get 20 Days Occupancy in Your Shortlet 12:00 Shortlet Started in Osapa London 12:30 Overpricing Killed The Shortlet Industry in Nigeria 12: 50 Hotels vs AirBnB and Shortlet 13:04 N800k per night Apartment in Lagos is too Expensive 15:42 Correction Phase of Real Estate in Nigeria - Real Estate Bubble Burst 17:45 Affordable Housing is the Job of The Govt 19:00 Affordable Housing is Impossible in Lagos 21:00 How To Build Affordable Homes 21:35 Housing Bubble in Nigeria 24:30 Nigeria has two Economies (Corruption Economy vs Market Economy) 25:30 Watch This Before Starting a Leisure Business 26:09 Know This Before Starting A Luxury Business in Nigeria 30:00 There is no Real Estate Bubble in Nigeria 31:25 Understanding The Economy of Corruption 32:25 How Politicians Launder Money with Real Estate 32:48 Why We need to Legalize Corruption in Nigeria 33:38 How My Staff Stole N400m from My Business 34:42 How I caught Staff Theft and The System That Works 37:00 How I Built Giwa Gardens 37:20 Doing Business in Nigeria 38:40 How To Stop Staff From Stealing From You 40:00 Systems for Staff Theft 44:30 Nigeria Doesn't have 200m Market we only have 200m people 45:30 Why They Need To Stop Giving VISAs to the Best of Nigerians 47:00 Is Ikoyi a slum 49:23 Why Corruption Should Be Legal in Nigeria 54:00 Dealing with Scarcity Mentality 56:30 $500 Diaspora Tax in Nigeria 58:32 Integrity is the Only Currency That Doesn't Depreciate 59:00 How To Get Money From Investors For Your Real Estate Project 1:01:40 Avoid Impatient Capital For Your Real Estate Project 1:02:00 Dealing With Press Crisis For Your Business 1:07:40 Detty/Dirty December Economy 1:09:45 How Three Crowns Milk Started 1:12:00 I Built Giwa Gardens For $30m Subscribe to Frankly Business for powerful conversations with Africa’s most ambitious founders, operators and business leaders. #FranklyBusiness #KejiGiwa #NigeriaBusiness

18 total episodes available

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What is Frankly Business Podcast?: The Frankly Business Podcast is a platform for clear, intelligent conversations on business, finance, and the economy across Nigeria and Africa. Hosted by Frank Fagbo, a business media professional with deep experience in markets and economic reporting, the show features founders, CEOs, policymakers, and industry leaders shaping Africa's digital and economic landscape.

We break down fintech, macroeconomic trends, regulation, digital payments, startup funding, capital markets, and the strategies behind Africa's fastest-growing companies. Our goal is simple: to make complex ideas accessible and give you insight into how top operators think and execute.

This channel serves founders, investors, professionals, and anyone interested in African business, financial markets, entrepreneurship, and technology.
How often does this podcast release new episodes?: This podcast updates daily.
Where can I listen to this podcast?: This podcast is available on 4 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
Does this podcast accept guests?: Information about guest appearances is not available.

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