Login Register
feel free to call 09056000005

Lagos Initiates Crackdown on Unregistered Estate Agents

The Lagos State Government has issued a stern warning to individuals and entities operating in the real estate sector without proper registration with the Lagos State Real Estate Regulatory Authority (LASRERA). The warning comes as part of efforts to ensure transparency and combat fraudulent practices in the real estate industry within the state.
 
Moruf Akinderu-Fatai, the Commissioner for Housing in Lagos State, delivered the cautionary message during the 2024 Ministerial Press Briefing commemorating the first year of Governor Babajide Sanwo-Olu's second term in office. He emphasized the necessity of adhering to LASRERA registration requirements to maintain integrity and legality in real estate transactions.
 
LASG
 
Akinderu-Fatai urged residents to exercise caution when engaging with real estate agents and to verify their registration status with LASRERA to avoid falling victim to unscrupulous practices. He underscored the importance of compliance with regulatory standards and urged the public to report any suspicious activities by unregistered agents.
 
Providing an overview of the achievements within the housing sector during the review period, the commissioner highlighted significant progress in various ongoing housing schemes across different divisions of the ministry. These include projects such as the Egan-Igando Mixed Housing Scheme, LagosHOMS Sangotedo Phase, Epe Housing Scheme in Itamarun, LagosHOMS Ajara in Badagry, and LagosHOMS Ibeshe Phase 2 in Igbogbo-Baiyeku LCDA.
 
Akinderu-Fatai also noted the successful collaboration between the Lagos State Government and the private sector in joint venture schemes, resulting in the construction of thousands of housing units for residents of Lagos. He reaffirmed Governor Sanwo-Olu's commitment to delivering affordable housing solutions and outlined the administration's strategic initiatives aimed at addressing the housing challenges in Lagos State.
In conclusion, the commissioner emphasized the importance of collective efforts and innovative strategies from all stakeholders to achieve the vision of affordable housing for Lagosians. He reiterated the administration's dedication to implementing bold and resilient measures under the T.H.E.M.E.S. + Agenda to tackle housing issues effectively.

Source: PunchNG

Similar Topics

US Election Race Intensifies: How Results Could Impact Nigeria’s Real Estate Market As the...

a month ago Read More

Equatorial Guinea Official Baltasar Engonga Ebang’s Video Sparks Controversy In recent days,...

a month ago Read More

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

2 months ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

2 months ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

2 months ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

2 months ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

2 months ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

3 months ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

3 months ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

3 months ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

3 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

3 months ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

3 months ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

3 months ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

3 months ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

3 months ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

3 months ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

4 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

4 months ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

4 months ago Read More