• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Real Estate and Construction

Lagos intensifies enforcement drive for registration of real estate practitioners

Chike Olisah by Chike Olisah
May 20, 2022
in Real Estate and Construction
Lagos moves to regulate real estate practice, reform home ownership model
Share on FacebookShare on TwitterShare on Linkedin

The Lagos State Government through the enforcement unit of Lagos State Real Estate Regulatory Authority (LASRERA) has intensified its enforcement drive to various parts of the state to ensure that real estate practitioners operating in Lagos are duly registered.

The exercise is in line with the authority’s mandate to regulate, sanitize and effectively monitor as well as eliminate fraudulent practices in the real estate sector.

This was made known on Thursday by the Special Adviser to the Lagos State Governor on Housing, Mrs Toke Benson-Awoyinka, while speaking before the commencement of the exercise, saying that the initiative would be replicated across other divisions of the State as part of strategies by LASRERA to raise public awareness about the government’s efforts to sanitise the real estate sector.

RelatedStories

Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 

Lagos Govt declares real estate practice without LASRERA registration illegal 

June 28, 2025
Real estate fraud

LASG recovers N478.13 million, 18 properties from real estate fraud

May 9, 2024

An offence to display banner on any property without registration

Benson-Awoyinka in his explanation reiterated that it is an offence to practice real estate in any form, including those displaying “To Let, To Lease, For Sale etc” in their offices or on a property, without being duly registered with the agency.

The Special Adviser who was represented by the Director, Enforcement Unit of LASRERA, Mr. Deji Badejo, stated that there is a need to restrict the posting of banners on Residential and Commercial property by unregistered Real Estate Individuals/Organisations who can easily swindle unsuspecting members of the public of their earnings.

She added that many members of the public have been defrauded in the past by imposters and fraudulent real estate practitioners, stressing that the government cannot continue to fold its arms and condone irregularities that are capable of driving many genuine investors/investees away from the sector.

The Special Adviser informed that the agency had earlier written letters to over 1000 Real Estate Individuals/Organisations in the State to honour the government’s call for regularisation of the sector, just as it is increasing the market confidence of those in the diaspora to invest in the sector.

she said, “Let me state clearly here that following the letters earlier delivered to practitioners across the State, only a few of these practitioners responded to the content of the letters, hence the need to embark on this enforcement and compliance exercise so that relevant stakeholders in the built sector and the general public can attach importance to the call by the Agency to sanitise real estate transactions in the State.’’

Mrs. Benson-Awoyinka assured all Lagos residents that the enforcement drive will be a continuous exercise until all practitioners in the Real Estate Sector of Lagos State are captured under LASRERA’s database in line with international best practices.

What you should know

  • Recall that the Lagos state government, in June 2020, announced a mandatory registration for real estate practitioners like house agents, property developers and professionals in the sector, with the state.
  • The state government through the Lagos State Real Estate Regulatory Authority (LASRERA), launched a website and registration database for real estate practitioners in Lagos State as part of efforts to checkmate the activities of fraudsters in the sector.
  • The Lagos State Governor, Babajide Sanwo-Olu, had approved the change of name of the government department, from Lagos State Real Estate Transaction Department to Lagos State Real Estate Regulatory Authority (LASRERA).
  • The state government also recently enacted a Law, Lagos State Real Estate Transaction Regulatory Authority Law, which will curb activities of unscrupulous real estate agents and those who pose as estate developers to scam investors.

Follow us for Breaking News and Market Intelligence.
Tags: Lagos State Real Estate Regulatory AuthorityLASRERA
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.

Related Posts

Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 
Real Estate and Construction

Lagos Govt declares real estate practice without LASRERA registration illegal 

June 28, 2025
Real estate fraud
Real Estate and Construction

LASG recovers N478.13 million, 18 properties from real estate fraud

May 9, 2024
EFCC,Fidelity Bank
Real Estate and Construction

LASG partners EFCC to combat real estate fraud in Lagos  

January 11, 2024
Lagos moves to curb fraudulent activities in real estate sector, engages law enforcement agencies
Real Estate and Construction

Lagos moves to curb fraudulent activities in real estate sector, engages law enforcement agencies

February 25, 2023
Lagos bans trucks, articulated vehicles from using Ojuelegba, Dorman Long bridges
Real Estate and Construction

Lagos moves to eliminate quacks in real estate sector

January 30, 2023
Nigeria’s real estate industry
Business

Lagos moves against ‘briefcase’ real estate agents, developers, to protect professionals

March 28, 2021
Next Post
Decentralised platforms changing the world one cryptocurrency at a time

Decentralised platforms changing the world one cryptocurrency at a time

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 
  • Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 
  • HealthCap Africa launches HealthTech Unicorns Report 2.0 in Lagos, charts bold future for Africa’s health innovation

Follow us on social media:

Recent News

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

July 12, 2025
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics