Lagos confiscates houses used for fraudulent act

The Lagos State Government has confiscated two houses used in defrauding its residents saying any fraudster caught henceforth will be prosecuted.

The Special Adviser to the Governor on Housing, Mrs. Toke Benson Awoyinka who revealed this to the journalists in Lagos said the government has resolved to take such strong measures to stop developer or agent from defrauding members of the public in the state.

Benson, who is also in charge of the Lagos State Real Estate Transaction Department said; ”her office is currently prosecuting a developer who duped members of the public in Ketu area, and also another developer who defrauded people in Mafoluku area.”

She said government has also seized their properties and her office was working on how to sell the properties and the proceeds from the sale would be used to settle the defrauded members of the public.

”We have successfully reviewed the Lagos State Estate Agency Regulatory Law, Cap L28, Laws of Lagos State, 2015 (“Law”) presently in operation in the State, which provides for the establishment of the Lagos State Real Estate Regulatory Authority.

”The essence of this Law is to regulate real estate transactions in Lagos State by identify persons eligible to be licensed as Real Estate Practitioners and provides for the issuance or renewal of annual permits.

”However, there is a need to sanitise Real Estate transactions in Lagos State. In achieving this, the State must have a data- base of persons dealing in Real Estate Transactions for it to control their activities. Thus, the state must amend the Law to reflect its efforts in monitoring the transactions of Real Estate in a way that is proactive, to protect its citizens and rid the State of fraudsters,’’ she said.

She however appealed to members of the public to always patronise agents and developers who are registered with her agency.

The Commissioner noted that the authority has the responsibility for maintaining a register of Licensed Real Estate Practitioners and sanctioning of unlicensed Estate Agents in the state.

Source:  Voice of Nigeria