Lagos State government on Tuesday read the riot act to fraudulent real estate operators who exploit and defraud residents, warning them to desist from such acts or face wrath of the law.
The Special Adviser on Housing to the Lagos State Governor, Mr. Babajide Sanwo-Olu, Mrs Toke Benson-Awoyinka, stated this during a press briefing to commemorate the second year in office of the governor.
She said that the Governor Sanwo-Olu’s administration would not leave any stone unturned in order to make sure Lagosians get value for their money in the housing industry.
“The state executive council has approved two critical Bills as part of the state government’s efforts to sanitize and rebuild the industry. The bills are Mortgage Foreclosure Law and Lagos State Real Estate Regulatory Authority’s Bill 2021 in October 2020.
“The proposed bills have been forwarded to the State House of Assembly. The bills are currently awaiting the endorsement of the governor before finally becoming laws”, she said.
Reeling out the scorecard of the ministry in the last two years, the commissioner for housing, Moruf Akinderu-Fatai said as part of the moves to reduce the housing deficit and provide affordable housing for the greater number of residents in the state, Sanwo-Olu’s administration has successfully completed 14 housing schemes within two years.