Lagos Govt vows to clamp down on illegal real estate firms - Watchtower media

Lagos Govt vows to clamp down on illegal real estate firms

The Lagos State Government is determined to crack down on unregistered persons and entities involved in real estate activities in the region.

During a recent 2024 Ministerial Press Briefing, Lagos State Commissioner for Housing Moruf Akinderu-Fatai made it known that this action will be taken.

Akinderu-Fatai cautioned that unlicensed real estate agents will be subject to legal repercussions if they fail to adhere to the registration guidelines of the Lagos State Real Estate Regulatory Authority.

He emphasized that this warning was necessary to promote orderliness and eliminate fraudulent practices in the real estate industry within the state.

He urged residents to be cautious about the real estate agents they collaborate with to prevent falling into the hands of fake and deceitful agents.

In his words, "It is crucial that we communicate the message widely that it is unlawful for an individual or organization to participate in real estate operations in Lagos State without registration with LASRERA. Let us act responsibly and adhere to legal requirements."

"I would like to take this moment to emphasize the importance of residents avoiding fraudulent estate agents and instead supporting registered real estate professionals and organizations," he declared.

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