Lagos shuts down fake real estate office over alleged fraud in Ikorodu

The Lagos State Real Estate Regulatory Authority, LASRERA, has sealed the bureau of an alleged impostor operating arsenic a existent property cause successful the Ikorodu country of Lagos State.

The enforcement action, carried retired connected Wednesday, was executed successful collaboration with operatives of the State Task Force, according to a connection made disposable to journalists.

During the operation, the bureau of Demeny Ventures was unopen down aft the idiosyncratic down it was accused of posing arsenic a certified LASRERA cause and allegedly utilizing a fake registration fig to mislead members of the public.

The Special Adviser to the Governor connected Housing, Barakat Odunuga-Bakare, said the determination forms portion of the government’s effort to sanitise the existent property industry, support residents from fraud, and rebuild spot successful spot transactions crossed the state.

She stressed that lone agents and developers duly registered with LASRERA are authorised to run successful Lagos, informing that defaulters would look strict regulatory action.

According to her, respective fraudulent operators person been known to cod rent from aggregate tenants for the aforesaid spot oregon merchantability non-existent onshore to unsuspecting buyers, leaving victims with important fiscal losses.

Odunuga-Bakare added that the bureau has strengthened its oversight model ...