The Lagos State Government has vowed to sanitise the real estate sector in the state, by weeding out sharp practices.

This was as the state pledged to investigate allegations of victimisation in the demolition exercises being carried out across the state.

The Special Adviser to Governor Babajide Sanwo-Olu on Housing, Barakat Odunuga-Bakare, gave the assurance, on Tuesday, during a stakeholders’ engagement in Ikeja organised by the Lagos State Real Estate Regulatory Authority.

“The Tenancy Law is in the process of protecting both the sellers and buyers of properties in the state, and we are collaborating with the Ministry of Justice in addressing issues and challenges raised by some practitioners,” a statement on Wednesday quoted Odunuga-Bakare to have said during the engagement.

She vowed that the agency would scale up its enforcement drive against sharp practices in the real estate sector, maintaining that 2024 would no longer be business as usual for perpetrators of fraudulent acts in the real estate sector and unregistered practitioners.

Odunuga-Bakare urged Nigerians in the Diaspora who intend to invest in the sector to always check the website of LASRERA for adequate information before sealing any transactions.

On the allegation of victimisation, she said, “We will launch a proper investigation on complaints by some operators over the demolition of their buildings in some parts of the state to ascertain the claims by some of the developers.”

Courtesy: Samuel Bolaji