Tag: lagos real estate
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INVESTIGATION: How ‘Omo-oniles’, real-estate firms defraud Lagos residents
Owning a house of any size and in any location has become one of the most important success factors, given the high cost of purchasing a land, bureaucratic land registration process, devaluation of the naira which leads to high cost of building materials and the menace of land grabbers, popularly called ‘omo-oniles’ in Lagos state.…
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Lagos recovers N50m over fraudulent real estate activities
The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities. Mrs Toke Benson-Awoyinka, Special Adviser to Gov. Babajide Sanwo-Olu on Housing, made the disclosure during a news conference in Ikeja. It was to give account of activities in the housing sector for…