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Lagos Unveils Portal to Curb Real Estate Fraud

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real estate transactions nigeria

By Adedapo Adesanya

The Lagos State government has unveiled a portal to register all estate agents in the state in order to curb real estate frauds.

The Special Adviser to Governor Babajide Sanwo-Olu on Housing, Mrs Toke Benson-Awoyinka, said the portal, www.lasrera.lagosstate.gov.ng, would be used to register all real estate businesses.

Mrs Benson-Awoyinka said this was with a view to monitoring activities of estate agents and prosecution of the fraudulent ones.

She said that the portal would end the era of fraudulent practices in the real estate sector.

According to her, the state government will no longer tolerate activities of estate agents who defraud Lagos residents on the pretence of securing accommodation or any form of property for prospective buyers or tenants.

”We are well aware of the trend of fraudulent practices of some real estate agents and property developers.

”This is reflected in the complaints received by the agency in recent time of residents who had fallen victims to fake real estate practitioners and property developers, while seeking for accommodation, purchasing and selling of properties.

”As you all know, Lagos State has been the commercial and economic nerve centre of Nigeria and Africa with investment opportunities, hence, the net migration to the state.

”The state government has worked tirelessly over the years to curb the increasing fraudulent practices in this sector, and this explains the need to sanitise the industry,” she said.

The governor’s aide said that the state had been able to prosecute one of such so far and was in court with others.

She said that recently, a lady from the US was duped of N30 million by a particular company with offices in Victoria Island and Magodo.

”We have cases of about 70 people defrauded by some agents. Also, I’m aware of a case of 30 people defrauded by another agent.

”There are instances where agents defrauded prospective clients of agency fees of say, N5000, and showing them properties that are not listed or that they do not even know the owners.

”All these are the narratives we want to change. What we are saying is, if you defraud our people, we will prosecute you.

”In line with the T.H.E.M.E.S Agenda of Mr Governor on improving Technology Infrastructure, we are today unveiling the website, social media handles and registration portal for effective management and communication amongst the stakeholders.

“The interactive website would enhance post COVID compliance initiatives and promote transparency.

“It would become a one-stop-shop for stakeholders and government,” Mrs Benson-Awoyinka said.

According to her, the new agency’s website is: www.lasrera.com and registrations portal: www.lasrera.lagosstate.gov.ng.

She said that the robust platform contained a brief history of the agency’s initiatives, aims and goal, commitment to the people, a complaint section, a registration portal which allowed one to upload document.

Mrs Benson-Awoyinka said that the agency remained committed to providing an enabling environment and transparent real estate sector that conformed to international best practices, while safeguarding the ultimate interest of all the stakeholders.

According to her, from now, to practice in Lagos as an agent, one must be registered on the website, be at least, a school certificate holder, must have an office as individual, and if an organisation, it must have a board or management team.

”Every agent that is registered will be put on a portal, a compendium which will have all listed agents for easy tracking and follow up. This is part of the purpose of the registration,” she said.

The special adviser, however, said that the state government does not charge any amount to defend Lagosians who felt the need to be defended in the court of law.

She said that there was now a change in the name of a Department under the Ministry of Housing, formerly known as Lagos State Real Estate Transaction Department, to Lagos State Real Estate Regulatory Authority (LASRERA).

Mrs Benson-Awoyinka said that the change in the name also upgraded the department to a full agency that would be supervised by the Office of the Special Adviser to the Governor on Housing.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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FG Insists Prepaid Meter is Free, Warns Nigerians Against Payment

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Ikeja Electric Prepaid meter

By Adedapo Adesanya

The federal government has reaffirmed that electricity meters being deployed under the Distribution Sector Recovery Programme (DISREP) are free for customers, warning Nigerians not to pay any money for meter supply or installation.

The Director General of the Bureau of Public Enterprises (BPE), Mr Ayodeji Ariyo Gbeleyi, stated this in Abuja at a joint media briefing on DISREP with the managing directors of Nigeria’s 11 Electricity Distribution Companies (DisCos). DISREP is financed through a $500 million World Bank facility.

The DG said the concessional nature of the funding, which comes at single-digit interest rates, makes it more sustainable than commercial borrowing and supports long-term stability in the power sector.

Under the DISREP IPF, 3.2 million smart meters are being procured and installed nationwide over four years through competitive international and local bidding. According to him, close to 700,000 meters have already been delivered, while about 200,000 have been installed across different DisCos.

The DG said, “With DISREP and other Federal Government interventions, the journey to power sector reliability is underway. DISREP is not just a short-term intervention, but part of a broader and coordinated plan of the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR, towards building a financially viable and service-oriented electricity market

“Nigerians deserve a power sector that works, one that delivers reliable electricity, protects consumers, ensures value for money, and supports economic growth.

“Together, we shall achieve that! The supply and installation of these meters for customers is free.

It was also disclosed that the government had already paid the contractors to supply and install the meters. DISREP is integrated with other metering initiatives, including the Presidential Metering Initiative and the Meter Acquisition Fund, to accelerate the closing of Nigeria’s metering gap.

On his part, the Managing Director of Abuja Electricity Distribution Company, Mr Chijioke Okwuokenye, warned customers not to pay for meters.

“These meters are to be deployed and installed freely. Anybody asking you to bring money should be reported,” he said.

MD of Eko Electricity Distribution Company (Eko Disco), Mrs Wola Joseph-Condotti, said the company is working closely with the authorities to weed out bad eggs who extort money from customers for meter procurement and installation.

The programme offers significant benefits to consumers, including the removal of upfront meter purchase and installation costs, accurate billing, the elimination of arbitrary estimated billing, improved service accountability by DisCos, better transparency and dispute resolution, and long-term improvements in supply reliability as the sector becomes more financially viable.

For DisCos, Mr Gbeleyi said DISREP provides access to concessional World Bank financing for metering and network upgrades, reduces Aggregate Technical, Commercial and Collection (ATC&C) losses, improves liquidity and revenue assurance, and strengthens operational performance for long-term investment.

He disclosed that $250 million of the facility is dedicated to Investment Project Financing, which supports bulk procurement of the 3.2 million smart meters, deployment of Meter Data Management Systems, and provision of technical assistance and capacity-building programmes to strengthen DisCos’ operations and processes.

Describing DISREP as a landmark transaction, Mr Gbeleyi said it is the first initiative of its kind in which the government, beyond investing in distribution network infrastructure, is deploying meters at scale to bridge the country’s metering gap. He cited official figures showing that Nigeria currently has about 5.66 million unmetered electricity customers.

“The plan is to quickly close that gap. These meters are for everybody. They are for Nigerians. Priority is on unmetered customers,” he said.

He clarified that while the policy targets unmetered customers, DisCos have been allowed to deploy up to 20 per cent of the meters to replace faulty or technologically obsolete units, following feedback from the field.

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NSC Revamps PSSP to Solve Complaints, Boost Ease of Doing Business in Ports

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Port Service Support Portal

By Adedapo Adesanya

The Nigerian Shippers’ Council (NSC) has successfully concluded the review of the Port Service Support Portal (PSSP) application, which is aimed at ensuring seamless handling and efficient resolution of stakeholders’ commercial disputes across the maritime sector.

The Head of NSC-ICT, Mr Benjamin Ivwigheghweta, and his team; the Head of the Complaints Unit, Mr Bashir Ambi and his team; as well as consultants from BrandOne, all collaborated to complete the platform’s final implementation stage.

Mr Ivwigheghweta expressed satisfaction with the successful integration of the revamped PSSP for streamlined dispute resolution. He encouraged the team to fully engage with the new system and to ask questions where necessary, ensuring that every member is well equipped to meet stakeholder needs with precision and efficiency.

On his part, Mr Ambi applauded the deployment of the PSSP as a tool for accelerating grievance resolution, adding that the platform would significantly strengthen the council’s dispute resolution framework by promoting transparency, boosting stakeholder confidence, and generating reliable, data-driven records to support national economic growth.

He further commended the ICT team for its unwavering support-particularly in ensuring extended network availability to support the Unit’s after-hours operations.

Describing the PSSP as a critical modern upgrade for dispute resolution, Mr Ambi revealed that the Council’s operations are now about 90 percent digital. “We rely heavily on electronic platforms to serve our stakeholders,” he said, adding that the ICT Unit has remained the backbone of these efforts by providing consistent support, even over weekends, to ensure uninterrupted online service delivery.

This digital-first approach, he noted, keeps the NSC at the forefront of maritime efficiency.

Following a productive three-hour technical review and interactive question and answer session, the PSSP is now in its final phase.

The next steps include the configuration of individual user access by the ICT Unit and a live demonstration of the platform to Management. Upon completion of these tasks, the council will be ready to go live-ushering in a new era of digital efficiency in port service delivery.

The Port Service Support Portal was officially launched by the former Vice President, Mr Yemi Osinbajo, in June 2016 in Abuja. The launch was held alongside the unveiling of the Port Harmonized Standard Operating Procedures (SOPs). The portal was designed as an online, real-time platform to enhance service delivery, address stakeholder complaints, and curb corruption at Nigerian ports.

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Tinubu Deploys Army to Kwara, Condemns Terrorist Attack

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By Adedapo Adesanya

President Bola Tinubu has deployed an army battalion to Kaiama district in Kwara State after suspected jihadist fighters killed about 170 people in an overnight attack on Tuesday.

The terrorists stormed Woro and Nuku communities in Kaiama Local Council, according to Kwara State lawmaker, Mr Saidu Ahmed.

The violence highlights fears that jihadist factions prevalent in Northern Nigeria are pushing south along the Niger-Kwara axis toward the Kainji forest.

According to a statement from the Presidency, the new military command will spearhead Operation Savannah Shield to checkmate the barbaric terrorists and protect defenceless communities.

He condemned the attack as “cowardly and barbaric,” saying the gunmen targeted villagers who had rejected attempts to impose extremist rule.

“It is commendable that community members, even though Muslims, refused to be conscripted into a belief that promotes violence over peace,” President Tinubu said in the statement.

The President urged collaboration between federal and state agencies to provide succour to members of the community and ensure that those who committed the atrocities do not go scot-free.

President Tinubu prayed for the repose of the souls of the deceased and condoled with those who lost family members as well as the people and government of Kwara State.

Similarly, suspected bandits stormed Doma community in Tafoki Ward, Katsina State, on Tuesday afternoon, killing several residents, injuring many others and setting vehicles and houses ablaze.

There were conflicting figures over the casualty toll, with police putting the number of deaths at 13, while the executive chairman of Faskari Local Council estimated more than 20.

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