Managing Director/Chief Executive Officer of MKH Properties Limited, Dr Muibi Kehinde Hammed, has urged the Lagos State government to sanitise the real estate sector by checking unlicensed emergency developers and others.
He said it was necessary to eradicate these emergency developers that do not go through the Lagos State Real Estate Regulatory Authority (LASRERA) to acquire an operational licence.
Hammed, who spoke on projections for the industry this year, at the weekend, in Lagos, canvassed the need to strengthen advocacy, education, digitalisation and collective enforcement, as well as setting a positive tone. He urged developers to uphold ethical practices, stay informed, and contribute to the industry’s positive evolution.
The CEO also charged the state government on benefits of partnering with academic institutions to provide periodical training and workshops for the people.
Hammed had participated in a panel session at a two-day real estate marketplace and exhibition last month, where real estate industry restructuring was stressed.
The event hosted officials from housing, lands, real estate, approval, regularisation, customer protection agency, mortgage, insurance and technology in both the private and public sectors.
Hammed lauded Special Adviser to the Governor on Housing, Barakat Bakare, realtors, stakeholders, developers and the media, while calling for more partnerships to promote the industry.
