Lagos State Governor, Babajide Sanwo-Olu, on Monday officially signed a bill that seeks to regulate real estate transactions as well as ownership, licensing and sales of pets and dangerous animals in the state.
The development is coming less than one week after Revolution Plus Property, one of the major players in the real estate space, came under fire over allegation of fraud.
WuzupNigeria reported that aggrieved customers took to social media apps to accuse the company of failing to allocate lands to subscribers long after full payments were made.
In its defence, the company dismissed the allegations in a statement on its Instagram page on Wednesday, adding that the firm “was built on integrity and trust.”
According to Sanwo-Olu, the law to regulate the real estate transactions in Lagos State will help to protect unsuspecting Lagosians from falling prey to real estate practitioners.
This is even as he said that the law will also help players in the real estate industry to know what is expected of them and for government to be able to track who is doing what in the sector.
“It is really around ease of doing business and ensuring that we can continue to attract private sector investments into the real estate space. We believe this law will be the very first in the country that has taken a deep dive into what is happening in that space and it further strengthens our intervention in housing through the Ministry of Housing,” Sanwo-Olu said.
He also signed two other bills into law to provide for the registration of Cooperative Societies in Lagos State; and law to regulate ownership, licensing and sales of pets and to prohibit and restrict people from having in custody dangerous animals in public places.
The governor also noted that the law regulating the ownership, licensing and sales of pets, prohibiting and restricting people from having in custody dangerous animals in public places, would further strengthen all the deliverables in the Ministry of Agriculture, especially issues that have to do with pets and animals.
Sanwo-Olu commended Speaker of the Lagos State House of Assembly, Mudashiru Obasa, and the state lawmakers for seeing the need to pass the bills into laws.
The governor said the new bills he assented to would strengthen government and citizens’ engagement and relationships and for residents of the State to continue to live in an atmosphere where the rule of law is enshrined for people and to know what is expected of them.
He said the law to provide for the registration of cooperative societies in Lagos State would make it easy to regulate the operations of thousands of cooperative societies in the State for harmonious cooperation.
In attendance at the signing of the bill at the Lagos House in Ikeja on Monday were Commissioner for Housing, Moruf Akinderu-Fatai; Attorney General and Commissioner for Justice, Moyosore Onigbanjo; governor’s Special Adviser on Housing, Toke Awoyinka-Benson amongst others.
