Francis Ajuonuma
The Lagos Government has warned individuals and organisations not registered with Lagos State Real Estate Regulatory Authority (LASRERA) to stay away from Real Estate business in the state or face the full wrath of the law.
Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, who gave the warning yesterday at the 2024 Ministerial Press Briefing to commemorate the first year of Governor Babajide Sanwo-Olu’s second term in office, said the warning became imperative to instil sanity and ensure fraud-free Real Estate business in the state.
He advised residents of the state to be mindful of Real Estate agents they do business with so as not to fall victims of fake and dubious Estate agents.
“It is also important to request that we spread the warning across every platform that it is an offence for an individual and organisation to engage in Real Estate business in Lagos State without being registered with LASRERA. let us act responsibly and follow the path of the law.
“I want to seize this opportunity to raise awareness on the need for residents not to fall victims of fake and dubious Estate agents and to patronize the registered Real Estate individuals and organisations,” he said.
Speaking on the activities embarked on and executed under his ministry in the period on review, the commissioner explained that huge progress has been made in the contruction of ongoing housing schemes through direct budgetary allocation in five divisions of the ministry.
“The ongoing housing schemes can be found in Egan-Igando Mixed Housing Scheme with a total 846 units in Igando-Ikotun local Council Development Area (LCDA).
“LagosHOMS Sangotedo Phase, located in Eti-Osa East LCDA consist of 528 housing units and is projected to be completed by the 4th Quarter of year 2024.
“Epe Housing Scheme, Itamarun in Epe Local Government is also projected to produce 112 housing units by the 4th quarter of 2024.
“LagosHOMS Ajara in Badagry Local Government has 420 home units with a projected date of completion being 1st quarter of Year 2025.
“Lastly, LagosHOMS Ibeshe Phase 2 with 192 housing units in Igbogbo-Baiyeku LCDA is proposed to be completed by the 2nd quarter of Year 2025,” Akinderu-Fatai highlighted some of the progress made so far in his 12 months as commissioner of Housing in Lagos state.
On joint venture schemes between the Lagos State Government and the private sector, the commissioner said it has led to the construction of 4531 home units which would soon be completed for Lagosians.
He reaffirms Governor Sanwo-Olu’s commitment to provide affordable housing for Lagosians.
“It’s however, our strong belief that affordable housing is a probability within our grasp. But achieving this vision requires bold and resilient strategies, as well as innovative resolutions from all stakeholders within the sector.
“To this end this present administration under the T.H.E.M.E.S + Agenda has implemented a range of laudable initiatives aimed at tackling the affordable housing challenge in Lagos State,” Akinderu-Fatai added.
