Estate agents tell FG what to do with Emefiele's 753 confiscated buildings

• ERCAAN has projected auctioning 753 properties seized from Godwin Emefiele astatine subsidised rates to code Nigeria's lodging deficit
• The relation emphasised that offering these properties beneath marketplace worth could supply lodging to Nigerians successful request
• The association's National President called for the engagement of the country's reputable existent property associations successful the merchantability process

Legit.ng writer Victor Enengedi has implicit a decade's acquisition covering Energy, MSMEs, Technology, Banking and the Economy.

The Estate Rent and Commission Agents Association of Nigeria (ERCAAN) has highlighted that the auction of 753 properties seized from erstwhile CBN politician Godwin Emefiele could play a important relation successful addressing Nigeria's lodging deficit, provided the process is handled with transparency and a absorption connected affordability.

ERCAAN has recommended that the properties beryllium sold astatine subsidised prices to Nigerians successful genuine request of housing.

Godwin Emefiele: Estate agents suggest what FG should bash with 753 seized properties
Source: UGC

ERCAAN suggests auctioning Emefiele's duplexes

This connection was shared by the association's National President, Godwin Alenkhe, during the archetypal gathering of the association's recently elected executives successful Lagos.

He urged the authorities to connection the properties astatine below-market rates arsenic a impermanent solution to the country's ongoing lodging shortage.

By selling the properties astatine discounted prices, Alenkhe believes that mean Nigerians would beryllium capable to entree these seized luxury homes, making a important publication to reducing the lodging deficit.

He said:

“It volition besides bash overmuch successful reducing the lodging shortage successful the country. Aside from this one, determination are a batch of unoccupied estates dotting the Nigerian scenery that request to beryllium acted connected truthful it volition go a regularisation that since houses are built to beryllium inhabited, anyone who builds without letting it retired to the nationalist should beryllium asked why.”

In addition, Alenkhe stressed the value of involving reputable existent property associations specified arsenic NIESV, ERCAAN, and AEAN successful the income process, recommending that they service arsenic pb agents.

Rising cause fees, hardship for Nigerians

He besides pointed retired that the rising costs of property bureau fees were being driven by unregistered agents and unscrupulous landlords, causing sizeable hardship for citizens, peculiarly successful Lagos.

To code this issue, ERCAAN projected that the authorities found monitoring desks crossed regions and make a mobile task unit to curb these practices.

Reflecting connected ERCAAN's relation successful the industry, Alenkhe emphasised the association's long-standing power successful shaping the existent property assemblage successful Nigeria.

He expressed empathy for those struggling with accommodation, highlighting that structure is simply a cardinal quality need.

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Source: Legit.ng