Lagos govt recovers over N270m from fraudulent estate agents, developers

Lagos State Government has disclosed that it recovered much than N270 cardinal from fraudulent property agents and spot developers connected behalf of residents affected by existent property scams crossed the state.

According to a connection issued on Tuesday, the Commissioner for Housing, Moruf Akinderu-Fatai, revealed this during the 2026 Ministerial Press Briefing held astatine the Bagauda Kaltho Press Centre successful Alausa, Ikeja.

Moruf Akinderu-Fatai said the betterment demonstrated the committedness of the Lagos State Government to protecting residents from exploitation, fraudulent dealings, and unethical practices wrong the existent property sector.

He explained that the Lagos State Real Estate Regulatory Authority, LASRERA, had continued to fortify regulatory supervision done stakeholder engagement, nationalist enlightenment campaigns, and enforcement operations aimed astatine rebuilding nationalist assurance successful the spot market.

“The betterment of N270,020,500 underscores the authorities government’s committedness to protecting residents from exploitation, fraudulent transactions and unethical practices wrong the existent property sect...