News
Lagos State Recovers Millions and Properties in Anti-Graft Campaign
Through its relentless efforts to combat fraudulent real estate practices, the Lagos State Real Estate Regulatory Agency (LASRERA) has successfully recovered N478.13 million and 18 properties over the past four years. These recovered assets have been rightfully returned to their rightful owners.
Moruf Akinderu-Fatai, Commissioner for Housing, announced this achievement during the 2024 ministerial media briefing of the Lagos State Ministry of Housing. The event celebrated the first anniversary of Governor Babajide Sanwo-Olu’s second term in office.
Commissioner Fatai highlighted that LASRERA’s success in recovering these assets was achieved through mediation between aggrieved parties, including tenants, land buyers, fraudulent estate agents, land vendors, and developers. This mediation process has played a crucial role in resolving disputes and restoring justice to victims of real estate fraud.
He said, “The agency has legislative right to explore Alternatives Disputes Resolution (ADR) mechanism as means to amicably settle real estate related disputes. This is done before the cases are escalated to the enforcement authority for detailed investigation and prosecution if required.
“Worthy of note is LASRERA’s intervention in the alleged N40 million land scam issue between Revolution Plus Property Ltd. and a Nigerian in the diaspora.”
According to him, since LASRERA was established in 2020, the agency has received 1,702 real estate fraudulent cases, of which 1,458 were mediated, and 1,144 were successfully resolved.
The commissioner disclosed that 294 cases were adjourned for further mediation, 141 were abandoned due to parties’ non-attendance at the sessions, and 103 were referred to appropriate agencies.
“In addition, there are eight cases in courts: two in federal high court, three in state high court and three in magistrate court,” he said.
Mr Akinderu-Fatai further said that the agency has a database of 925 registered individuals and organisations on its registration portal out of over 2,550 practitioners that had enrolled to be registered.
He advised residents to be wary, not fall victim to fake or dubious estate agents, and to patronise registered real estate individuals or organisations.
The commissioner said, “It is an offence for an individual or organisation to engage in real estate business in Lagos State without being registered with LASRERA. Let us act responsibly and follow the path of the law.
“As a centre of excellence, the real estate market’s cycles would be a greater opportunity for the economy as a whole. The state will also emerge stronger if all of us can key into the state government’s vision towards a greater Lagos Rising.”
Barakat Odunuga-Bakare, Special Adviser to Governor Babajide Sanwo-Olu on Housing and head of LASRERA, reported that the agency has taken strict action against fraudulent real estate practitioners over the past year. She revealed that LASRERA has penalized at least 35 agents involved in unethical practices.
Odunuga-Bakare, a legal professional, acknowledged that some cases are currently being adjudicated in court. She expressed confidence that the Lagos State judiciary, in collaboration with LASRERA, is committed to expediting legal proceedings and delivering timely justice to victims of real estate fraud.
To enhance its efforts, LASRERA has forged partnerships and synergies with relevant government agencies. Through these collaborations, the agency aims to raise public awareness about real estate malpractices and gather feedback to improve its regulatory activities.
“Since the establishment of the agency, LASRERA has constantly engaged its stakeholders through different fora held to standardise the real estate sector of the state to meet with international best practices. The agency would not rest on its oars to achieve its goal,” she said.
News
Lagos schedules meeting with owners of distressed buildings.
The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November.
This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos.
Olumide said the prevalence of distressed buildings in different parts of the state was worrisome and needed the urgent attention of all stakeholders.
He said, “The Ministry of Physical Planning and Urban Development as mandated by the Lagos State Urban and Regional Planning and Development Law, 2019, as amended, was willing to extend its responsibility for approving the remodelling of existing buildings to provide technical assistance to developers and owners of distressed buildings, especially on the design and remodelling of such buildings.
News
FG threatens contractors over Enugu-Onitsha road delay
The Federal Government has instructed the contractors responsible for the 107km Enugu-Onitsha road dualization to expedite the project.
This directive was given by the Minister of Works, Senator David Umahi, during a meeting with MTN, the Enugu State Government, and the contractors, RCC Ltd and Nigercat Ltd, on Friday.
According to a statement released on Friday, the minister said he is disappointed over the slow pace of work on the project, he said, “Let me express my disappointment over the slow pace of work on that project. It is one of the worst roads in this country.
“Everywhere we have diversion; diverting from the one that RCC and Nigercat had completed, the contractors are not kind enough to even put stone based on the diversion points.”
He added, “So, by the reason of the launching of our Operation Free our Roads, it is now a violation of the policy on the side of the controllers and directors of the Federal Ministry of Works where we have vehicles falling on any project that is ongoing or where there are potholes on our roads.”
He also blamed the sufferings of road users on the lack of commitment and insensitivity of the contractors.
“The public must know that the President’s intention is not for them to suffer while trying to fix the roads, and it is their right to insist that contractors should fix the roads that they are engaged on,” he said.
The Minister commended the Enugu state government for their resolve to fund the construction of a 20 KM section of the road and expressed hope that MTN would execute the second phase of the project.
He noted, “Why the Enugu State government is intervening is because of the slow pace of work by the contractors and because of funding issues. The essence of tax credit is for funds to be made available. And so, I don’t see RCC going to keep their promise to finish this project in 6 months.
“My advice to MTN is to look for another contractor within that axis if they want to get the job done. Division of labour is even the best. While they are doing the road, and if Nigercat is doing a good job, you can give them greater scope to do if you want to finish that job.”
He warned contractors that the Federal Government would not accept phased handovers of projects and has phased out Variation of Price in contract administration.
News
Ekiti state government mediates land dispute between traditional ruler and family in Epe-Ekiti
The Ekiti State government has intervened to resolve a longstanding land dispute between the Elepe of Epe-Ekiti, Oba Ayodele Adesoye, and the Atolagbe family. The government cautioned against the misuse of modernization as an excuse to disregard traditional customs.
In line with the community’s traditions, the government has ordered the release of resources, including palm trees at Oko Oba Farmland, to Oba Adesoye for his administration. This decision ensures the continued adherence to age-old practices.
Ekiti State Deputy Governor, Chief (Mrs) Monisade Afuye, announced the resolution in Ado-Ekiti. The decision was made after considering the Elepe’s claim to Oko Oba Farmland based on historical evidence.
Mrs. Afuye acknowledged the Elepe’s right to be the custodian of Oko Oba Farmland, citing longstanding traditions that support his claim. The decision reflects the importance of respecting historical practices and ensuring their preservation.
The deputy governor, however, told the monarch in clear terms that other princes and princesses from all the three ruling houses should be allowed to farm on the land without payment of royalty.
Mrs Afuye appealed to the community to comply with the government’s position to restore unity, peace and orderliness to the beleaguered community.
Oba Adesoye expressed gratitude for the government’s decision and pledged to foster peace and unity between the throne and the community, aiming to accelerate Epe’s development.
Representing the Atolagbe family, Dr. Yemi Agbeleoba acknowledged their willingness to cede Oko Oba Farmland to the monarch. However, he emphasized the need for all three ruling houses to participate for a lasting and traditional solution.
Agbeleoba expressed appreciation for the government’s directive, believing it will contribute to resolving the long-standing conflict.
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