Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Real Estate and Construction

BEWARE: Government raises alarm over illegal and fraudulent land deals in FESTAC Town

Chike Olisah by Chike Olisah
May 19, 2022
in Real Estate and Construction
BEWARE: Government raises alarm over illegal and fraudulent land deals in FESTAC Town
Share on FacebookShare on TwitterShare on Linkedin

The Federal Housing Authority (FHA) has raised an alarm over the activities of fraudsters who are illegally and fraudulently advertising land in Festac Town, Lagos for sale.

This disclosure is contained in a statement issued on Thursday by the Spokesman of FHA, Mr Kenneth Chigelu, where he asked members of the public to disregard such advertisements.

RelatedPosts

Residential real estate in Oluyole; Ibadan’s industrial hub

Tony Elumelu’s Afriland Properties partners Lagos to build Falomo Towers

According to NAN, Chigelu pointed out that some fraudsters were currently advertising property at Festac Town with the intention to defraud unsuspecting members of the public.

What the FHA spokesman is saying

Chigelu said, “Our attention has been drawn to the activities of unscrupulous persons claiming to be agents of the FHA for the sale of land in FESTAC Town.’’

He maintained that FHA did not appoint anybody or organisation as its agent, saying, “Those putting up such advertisement are mere impostors.

“Members of the public are warned not to do business with these impostors. The said advertisement is a scam.”

The FHA spokesman urged the public to deal directly with the authority’s managing director or zonal managers when making land transactions.

He said, “Meanwhile, the areas being advertised by fruadsters in FESTAC Town are not even for sale. We don’t relate with the public through agents in any way.

“Anyone who deals with the impostors does so at their own risks.’’

What you should know

  • There has been an upsurge in real estate and in particular, land scams, in Lagos state in recent times, especially with the boom in the property market.
  • The unscrupulous and illegal activities of these fraudsters seem to have continued despite the government’s effort at stopping them.

Related

Tags: Federal Housing AuthorityFHA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    •  Investors in MTN Public Offer gain N35 billion in 6 months
    • Crypto Focused Hedge Funds are Shorting USDT – Reports
    • Top 10 highest salary paying companies in Nigeria – 2021

    Follow us on social media:

    Recent News

    : MTN-Nigeria-CEO-Karl-Toriola

     Investors in MTN Public Offer gain N35 billion in 6 months

    June 28, 2022
    Tether, the most promising stable coin, now the third most valuable cryptocurrency

    Crypto Focused Hedge Funds are Shorting USDT – Reports

    June 27, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com