The rising case of housing scams has been attributed to fake developers who only want to swindle gullible subscribers, experts in the built industry have said.
Adebayo, who spoke in an interview, said, “Fake estate developers are the cause of the problem. It is time for our government to create laws that will protect consumers of real estate products. Many people in Diaspora and in Nigeria are becoming victims.
“Who is protecting the real estate consumers? Who is regulating the sector? We need answers if we must bring sanity to the activities in the sector. “Housing scheme was to help civil servants own a home of their choice but it is like it was not properly planned to achieve that objective. No land, no funding and few fraudulent characters used it to dupe some innocent subscribers.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Northern Elders Forum is yet to endorse any presidential candidate – OfficialMr Baba-Ahmed recalled how the group supported Muhammadu Buhari to win the 2015 election and later worked against his reelection in 2019 because they were apparently dissatisfied with Mr Buhari’s performance.
Read more »
Why IGP' ll not retire despite clocking 60 years in March - Police Minister“Let me say that by the provision of the Police Act 2020, the IG is now supposed to have a kind of four-year period and Mr. President has already given him letter of appointment in that regard.....'
Read more »
PVC collection: Psquare's Rudeboy questions why students are still in schoolA member of the Psquare music group, Paul Okoye, popularly known as Rudeboy, has questioned why tertiary institutions are still in session amid the
Read more »
Why Nigeria needs to get it right in 2023 — Iyabo OjoIconic screen diva, Iyabo Ojo, has revealed why Nigerians need to vote for the right candidates opting for elective posts in the upcoming elections. The
Read more »
Why I’ll Legalise Cannabis If Elected Nigerian President —Sowore | Sahara ReportersOmoyele Sowore, the presidential candidate of the African Action Congress (AAC) has explained why he will legalise the sale of cannabis if elected as Nigerian president. This was disclosed during an interview session at Agidigbo FM in Ibadan, the Oyo State capital on Thursday morning. Sowore explained that his mission to legalise cannabis is because of its commercial value, adding that if the substance is exported to foreign lands, it will help in the diversification of the country’s economy.
Read more »
Why we love expensive rituals, By Azu IshiekweneIn over two decades since Nigeria’s return to constitutional democracy, this is the longest politicians have had to campaign before a general election. And that is a good and bad thing. It’s good because it is giving politicians a longer runway to meet more citizens and also for citizens to have more time to engage […]
Read more »