25/10/2021
in every transaction is Paramount. Land and car purchases have faced fraud. Pre purchase search is only done at land offices where fraudsters have mastered the art of manipulating land titles and other documents to appear similar the exact way at land offices with what they present before the intending buyers of land.
Below are other forms of checks before any payments or transaction of land and or any monetary transactions between two or more persons
Mind about the vendors details.
Ask for address, telephone number and national identity card or any other id in addition to National identity card
Do thorough checks of the telephone number.
Know his KYC, associates or people he deals with especially the people masquerading as lawyers, elders and local council leaders...check all their contacts
Jokingly ask for bank account to deposit the payments of that transaction money
Ask if the same has a smartphone. This identifies the persons identity through social media platforms. Avoid kabirit phone owners in land or property transaction businesses. Most of the kabirit phone guys are fraudsters
Never accept to transact business at vendors lawyers. You are the buyer, why be taken to vendors lawyers surely? Do you expect him to defend you in case of business go bad or in case his client defrauds you,he will have played it well for his clients
Never over believe or trust your lawyer too in monetary transactions. Most lawyers have become double dealers especially where lawyers from either sides of the transactions meet...mbu they talk their language...so have a third party knowledgeable if the lawyer language and only hired to do back ground searches for all people involved in a transaction.
Mind about the patience if the vendor unless there is a burning or urgency of vendors intentions for selling the property but still twist and ask for three to five days time to get him or her money
Finally place vendors in places where you can obtain evidence in cases of fraud. You can schedule to meet in banks, hotels with surveillance cameras, ask for group photos have some one to take stealth photos for every movement.
You may look at the above as expensive, nevertheless the money may not reach what may be defrauded for example, why not put say 3million to save 100m ugx.
Many of you actually spend more in investigations after fraud than in preventive measures of due diligence.
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