The Adhoc Committee’s chairman Blessing Onyeche Onuh’s position was corroborated by the FCT Minister, Musa Bello who has threatened to sanitise the sector in due course.
She explained that the workshop is to x-ray the economy of the real estate industry, noting that, “we shall clearly articulate the value chain in this multi-trillion naira industry and identify why the FCT has not been getting its fair share. “Take for example a house or land is sold for N500,000,000.00 , the lawyer gets his legal fee, the agent gets his brokerage fee, the bank gets its transaction charges and the government gets nothing if the transaction is not presented for registration.
Source: Real Estate Daily Report (realestatedailyreport.net)
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