Lagos real estate developers decry infiltration of association

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“Many realtors with non-existent identities and names have been fraudulently registered with the Corporate Affairs Commission (CAC), in order to manipulate the upcoming election,” the group alleged.

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“Many realtors with non-existent identities and names have been fraudulently registered with the Corporate Affairs Commission , in order to manipulate the upcoming election,” the group alleged.REDAN made the disclosure in a statement signed by its chairman, Bamidele Onalaja, and the secretary, Toby Ifada, on Thursday.

It noted that the REDAN as the principal agency and umbrella body of the organised real estate sector, recognised by the central and state governments of Nigeria, does not admit realtors as its members due to differences in objectives and responsibilities. The association called on both Lagos and Oyo state governments, as well as REDAN’s Board of Trustees, to take immediate action “and stop this travesty, which if allowed to happen will largely erase the achievements and successes REDAN, Lagos chapter, has recorded since its inception in 2020.”

 

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