LASRERA
Lagos recovers N50 million over fraudulent real estate activities
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...
Lagos seeks monthly payment of house rent for residents
The Lagos State Government has called on stakeholders in real estate sector to work out modalities for residents to pay house rents on monthly basis instead of yearly. Lagos State Governor, Mr. Babajide Sanwo-Olu, made the call on Thursday in Lekki, during the Policy Roundtable Dialogue with key stakeholders in the Real Estate Sector. The roundtable, with the theme ”International Best Practices On Real Estate Regulations”, was organised by the Lagos State Real Estate Regulatory Authority (LASRERA). Sanwo-Olu said that a situation whereby residents faced pressure once their rents were due was not palatable, hence, should be looked into. He called for synergy between the state government and stakeholders in the real estate sector to address issue of housing deficit and reduce rents in the st...
