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Home Business News Business

Lagos warn against unlawful ownership transfer of state housing units

Chike Olisah by Chike Olisah
December 24, 2020
in Business
Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss, Lagos SEC meeting goes virtual as full lockdown commences, Partial lockdown guidelines for businesses from May 4, Nigeria @ 60: Lagos State Government opts for a low-key celebration of the Independence Day

Governor Babajide Sanwo-Olu

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The Lagos State Government has warned members of the public against the activities of allottees of State Housing Estates, who engage in the indiscriminate transfer or sale of allocated homes without valid certification.

This warning was given by the Lagos State Commissioner for Housing, Mr. Moruf Akinderu-Fatai, while reviewing the activities of the Ministry early this week in Alausa, Ikeja.

Akinderu-Fatai pointed out that the State is aware that some allottees engage in the transfer of ownership of housing units without proper documentation.

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What the Housing Commissioner is saying

  • “Many of these original allottees do not remit funds to the State Government after obtaining payments from unsuspecting members of the public. This often leads to loss of revenue to the State, as well as incomplete data of homeowners under the State Housing Scheme. In some cases, members of the public have fallen victim of swindlers, who make people pay even above government rates for fake allocations.”

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The Commissioner, therefore, advised members of the public to always verify the status of any State Housing Estates with the Ministry of Housing at the State Secretariat before finalizing any transaction, declaring that:

  • “Anyone who has the intention of procuring or buying a home from an allottee should endeavour to visit the Ministry of Housing in Ikeja for enquiry and clarification.”

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He also used the opportunity to outline the procedures for applying for change of ownership, imploring intending applicants to forward an application letter requesting for change of ownership with Letter of Authorization from the original allottee.

Furthermore, he advised allottees or homeowners in the State Housing Estates to apply for Deed of Sub-Lease of their homes to enable them to use the homes as supporting assets for other financial transactions.

Akinderu-Fatai confirmed the readiness of State government to deliver on its mandate in the provision of high-quality shelter and increasing housing stock for the people of the State.

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The Honourable Commissioner for Housing, Mr. Moruf Akinderu-Fatai has urged members of the public to be wary of allottees of State Housing Estates who engage in the indiscriminate transfer or sale of allocated homes without valid certification.@jidesanwoolu @housing_LASG #LASG pic.twitter.com/qQtljmfP2q

— The Lagos State Govt (@followlasg) December 23, 2020


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Tags: Lagos State Government
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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