NEW REAL ESTATE SECTOR LAW WILL CURB FRAUDULENT PRACTICES – GOVERNOR’s AIDE

NEW REAL ESTATE SECTOR LAW WILL CURB FRAUDULENT PRACTICES – GOVERNOR’s AIDE

The Special Adviser to the Lagos State Governor on Housing, Mrs. Toke Benson-Awoyinka, on Tuesday, said that investors and other relevant stakeholders in the built sector can now heave a sigh of relief from all forms of fraudulent practices following the recent passage of the real estate sector law by the State House of Assembly.

Benson-Awoyinka spoke at the Oriental Hotel, Victoria Island during the Stakeholders’ Forum organised by the Lagos State Real Estate Regulatory Authority (LASRERA), themed “Redefining Opportunities in Real Estate: Regulations and Expectations”.

According to her, the State Government is ready to curb fraudulent activities in the real estate industry by promulgating ideal laws and regulations in line with Governor Babajide Sanwo-Olu’s T.H.E.M.E.S Agenda of making Lagos State a 21st Century Economy.

She said the forum was designed for interaction with relevant practitioners in the industry on contents of the law while LASRERA and other stakeholders await Governor Sanwo-Olu’s assent to the new law.