Business Transaction

The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities. Mrs Toke Benson-Awoyinka, Special Adviser to Gov. Babajide Sanwo-Olu on Housing, made the disclosure during a news conference in Ikeja. It was to give account of activities in the housing sector for the 2nd year anniversary of the Sanwo-Olu-led administration of the Governor. Benson-Awoyinka said that the agency had successfully mediated in about 55 out of 150 petitions/complaints between property developers, landlords, potential tenants and tenants. She said that 50 cases were adjourned for further mediation while 40 were referred to appropriate agencies, with five cases in courts in Ketu, Ajah, Ikorodu, Gbagada and Yaba. The special advise...