Lagos Govt reiterates need for Real Estate players and residents to verify land status before investing hard earn money on it
The Lagos State Government has reiterated the need for those in the Real Estate sector and other residents to always verify the status of every land in the metropolis before committing their hard earn investments on it.
It insists that lands duly registered at Lands Bureau are those with proper documentations and titles that should be considered for investments to avoid any future crisis with government.
The State Head of Service, Mr Olabode Agoro handed down this advise in his remarks at the closing of the 4th Lagos Real Estate Market Place and Exhibition held in Victoria Island area of the state.
He said that people runs into trouble in the state when seeking for acquisition of lands due to failure to follow due process in seeking approval from the appropriate authorities.
According to him and i quite”Anyone who obtained planning information from the Ministry of Physical planning and ensure proper titles to the land would be spared from any issues with government. Every building must be in conformity with the plan of the state while Environmental Impact Assesment must be considered at all times”. End of quote.
The Lagos number one civil service solicited the full coperation of all in ensuring that Developers that sells lands on prohibited areas like drainage channel or wet land to innocent investors are arrested and prosecuted.
Olabode Agoro disclosed that the state is battling with proper planning for thousannds of people who migrate into Lagos on a daily basis in search of greener pastures.
He explained that this has left the state with high pressure on lands for the construction of houses and other facilities to reduce the deficit.
“Lagos state Government is doing the utmost best but very disheartening that some illegal Devoplers were carrying out activities to undermine the physical planning of the state”. he added
On his part, the General Manager of the Lagos State Consumer Protection Agency, Solebo Adebayo said residents should not suffer in silence adding they are ready to assist those who have been defrauded in different ways.
He said that the Agency had recovered over #400,000,000 for residents defrauded in the state in different sectors.
The GM LASCOPA warned residents and investors in the Real Estate to be wary of attractive but fraudulent promos from the Real Estate sector during the End of the year seasons.
In his submission during one of the panels, Mr Olatunbosun Alake who is the state Commissioner for Innovation, Science and Technology said the ministry provides technical supports to others whenever the need arises.
He also urged the stakeholders in the Real Estate industry to lobby their legislators towards sponsoring Bills that will address emerging challenges confronting the sector.
Some of the panels during the closing of the two-day event that attracted over 5,000 participants in the Real Estate and Built industry focused on Adhering to Building Approvals, permits and Land Use planning and protecting the rights of Consumers and Victims under the Law.
