Real Estate

Lagos state govt warns residents against end-of-year promotional sales from fraudulent real estate agents

The General Manager of the Lagos State Consumer Protection Agency (LASCOPA), Afolabi Solebo Esq, has warned residents of the state to be wary of fraudulent real estate parading juicy offers during the end-of-year period.  

He issued the warning during his participation as a panelist at the recently concluded Lagos Real Estate Marketplace Conference and Exhibitions organized by the Lagos State Real Estate Regulatory Authority (LASRERA), Solebo spoke at the two-day event held at Eko Hotel and Suites, Victoria Island, Lagos.  

He advised individuals who had fallen victim to scams perpetrated by fraudulent real estate companies in the past to report such incidents to the agency rather than enduring the ordeal in silence. 

READ ALSO: Real Estate: Lagos reads riot act to violators in built sector

Solebo assured that the agency is prepared to assist those who have been defrauded in various ways, whether by real estate organizations or any other establishments. He pledged that LASCOPA would ensure that justice prevails in such cases.  

Notably, he highlighted that the agency had successfully recovered over N400 million for residents who had been defrauded across various sectors in the state. 

Need to have building permits and approvals 

During the conclusion of the two-day event, additional panellists who addressed participants from the Real Estate and Building industry emphasized the importance of complying with Building Approvals, Permits, and Land Use Planning.  

They also underscored the significance of safeguarding the rights of consumers and victims under the law. 

READ ALSO: Real estate crowdfunding: A new era for investors and developers in Nigeria

In the panel discussion, stakeholders in the real estate industry were advised to engage with their legislators actively, advocating for the sponsorship of bills aimed at tackling the evolving challenges faced by the sector. 


The Lagos state government through the Ministry of Environment had recently engaged in the destruction of buildings with illegal permits and some without permits at all.

The move is geared towards combating persistent flooding and ensuring water channels are cleared. 

Source: Nairametrics

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