The Real Estate Developers Association of Nigeria has called on the Federal government to curb the incessant land scam menace in the country.
The President of REDAN, Dr Aliyu Wammako, made this call in an interview with the Housing Development Advocacy Network.
Wammako said efforts were being made to flush out the bad eggs in the industry, adding that the menace was a regulatory issue.
He said, “This is a self-regulatory association that is voluntarily being joined by members. We are calling on the government to note that there must be a regulatory institution for this kind of body, because globally the construction industry has a law that is binding on them. It is only Nigeria that does not have such laws.”
According to the president, the association had advanced an appeal to the National Assembly in light of the fraudulent challenge.
He added, “I already presented a bill to the Senate, and it was passed. It is now at the House of Representatives for concurrence. Some of the bad eggs are following this bill, even to the House of Representatives, to make sure it does not see the light of day. Also, what we are trying to do is to adhere to a code of conduct, birthing transparency in the real estate sector.”
Wammako noted that every developer has a seal with his or her company name written on it for easy identification.
In an interview with newsmen, the Chief Executive Officer, Seven 30 Real Estate Limited, Oluwole Fapounda, appealed for adequate regulation of the industry to avoid these scams.
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