LASRERA Partners CID To Boost Real Estate Regulation In Lagos

The Lagos State Real Estate Regulatory Authority (LASRERA) has solicited for a seamless working relationship with the Lagos State Signage and Advertisement Agency and the State Criminal Investigation Department, (CID), to boost its operations in the real estate sector.
The Special Adviser to the Lagos State Governor on Housing, Mrs Toke Benson-Awoyinka, said that the collaboration with would assist in curbing the placement of unverified and misleading advertisements by Real Estate Practitioners and Property Developers across the State.
She stated that it became necessary to collaborate with the State C.I.D to curb the menace of the fraudulent practices of unauthorized persons in the Sector and to sanitize the entire Real Estate industry. buy or sell Properties in the State.
Awoyinka assured the residents that all registered Real Estate Practitioners/Property Developers with the Agency are now duty bond to operate with 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 frauds in the State to lessen the workload on Magistrate Courts across the State.
She assured of the support of the Nigerian Police on the issue of fighting fraudulent activities practices perpetrated through the Real Estate Sectors in the Country.
The Chairman, Yaba LCDA, Hon. Kayode Omiyale pledged the support of its Local Government Council to provide an office space for the Agency’s Zonal Office, in order to ease registration for Real Estate Practitioners/ Property Developers within the Area.