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Aug 21, 2020

LASRERA has solicited for a working relationship with the Lagos State Signage and Advertisement Agency and the Lagos State Police Criminal Investigation Department, in a bid to achieve its mandates of regulating, registering and restoring sanity in the Real Estate Sector.

The Special Adviser to the Lagos State Governor on Housing, Mrs. Toke Benson-Awoyinka, said the request for collaboration was to convince members of the public that the Agency has the support of all relevant stakeholders to achieve the vision of LASRERA.

According to her, “The Agency’s collaboration with LASAA would assist in curbing the placement of unverified and misleading advertisements by Real Estate Practitioners and Property Developers across the State since all advertisements in Lagos must be approved by LASAA”.

In addition, it became necessary to establish a working relationship with the State C.I.D in order to curb the menace of the fraudulent practices of unauthorised persons in the sector as well as sanitise the entire Real Estate industry”, she added.

Noting that the real estate industry is very essential to the socio-economic development of the State, she stated that the collaboration will reduce the rate of fraudulent practices by dubious minded realtors once they are aware of the consequences of their illegal acts.

The Special Adviser, therefore, assured that all registered Real Estate Practitioners and Property Developers are now duty-bound to operate with a high sense of professionalism or risk being prosecuted by the State Government.

Responding, the Deputy Commissioner of Police, SCID, Mrs. Yetunde Longe, stressed the need for a separate Court to handle the issues and matters on fraud in the State because of the volume of workload on Magistrate Courts across the State.

Longe, however, assured LASRERA of the support of the Nigerian Police on the issue of fighting fraudulent activities perpetrated in the Real Estate Sectors in the State.

The Managing Director, LASAA, Prince Adedamola Docemo, informed that LASAA would support LASRERA by asking for the Agency’s registration from advertisers before granting approval for placement of any advertisement relating to the industry.

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