Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries

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

Chike OlisahbyChike Olisah
1 month ago
in Industries, Real Estate and Construction
Lagos moves to curb fraudulent activities in real estate sector, engages law enforcement agencies
Share on FacebookShare on TwitterShare on Linkedin

The Lagos State Government through the Lagos State Real Estate Regulatory Authority (LASERA) has moved to curb the increasing rate of reported fraudulent cases in the real estate sector as they seek collaboration with relevant law enforcement agencies to address growing public concerns in the sector.

This was made known by the Special Adviser to the Lagos State Governor on Housing, Mrs. Toke Benson-Awoyinka, during a Real Estate Outlook 2023 forum organised by the Nigerian British Chamber of Commerce, themed: “Pitching Your Tent Post-2023 Election”, held at Lekki Phase I, Lagos.

Lagos to partner with EFCC

Benson-Awoyinka said LASRERA will be partnering with the Economic and Financial Crimes Commission (EFCC) to make sure that the real estate industry is sanitised and made attractive to real estate investors, while also encouraging individuals and organisations to register with the agency.

Benson-Awoyinka told participants at the event to team up with the agency by complying with the reviewed LASRERA Law.

She stated that the reviewed law will assist in gathering data for the State’s Real Estate investments such that investors/investees would be able to operate under an atmosphere that promotes ease of doing business in line with the vision of the present administration of Governor Babajide Sanwo-Olu.

She clarified that the real estate practitioners’ database being compiled by LASRERA was not meant for taxation purposes but for infrastructural development in line with international best practices in the real estate sector.

The Special Adviser said, “The value chains of this real estate system are yet to be unlocked in which job and wealth creations can be established with the training of young people to take the works of artisans in the sector rather than employing those from neighbouring countries. This will assist in the creation of job opportunities for our young people and also add value to our currency.’’

She encouraged those involved in property construction to always engage insurance companies to safeguard investments of not only those who died during construction works but also people that had invested in the projects too.

For the record

  • In a related development, LASRERE had earlier in January 2023 as part of the moves to eliminate quacks in the real estate sector, asked for the support of all practicing realtors to complement the state government’s efforts to improve the integrity of real estate development for the future of Lagos state and potential investors/investees.
  • The Lagos State Government had stated that the real estate market being a huge sector, demands that players in the sector must abide by laws guiding practitioners, especially agents to carry out their duties in a very professional manner.

Related

Tags: Lagos State Real Estate Regulatory AuthorityLASERAMrs Toke Benson-Awoyinka

Leave a Reply Cancel reply

Press one
hfm
Mega Millions
fidelity banner
SME
HFM
Patricia





NM newsletters

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

Recent News

  • Nigerian Exchange closes bearish as investors lose N341 billion
  • Just in: NLC, TUC suspend planned strike over naira scarcity
  • Xiaomi Launches Redmi Note 12 Series in Nigeria Inspiring Users to “Live Vivid”

Follow us on social media:

Recent News

The Nigerian Exchange closes bearish as investors lose N341 billion

Nigerian Exchange closes bearish as investors lose N341 billion

March 28, 2023
Just in: NLC, TUC suspend planned strike over naira scarcity

Just in: NLC, TUC suspend planned strike over naira scarcity

March 28, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections

© 2023 Nairametrics

error: Alert: Content selection is disabled!!