In a Saturday announcement, the Oyo State Government conveyed its intention to manage and monitor the operations of real estate developers in the state.
The announcement was made by the state’s Commissioner for Lands, Housing, and Urban Development, Williams Akin-Funmilayo, during a meeting with real estate developers at the Government Secretariat in Agodi, Ibadan, the capital of the state.
He stated that this step was being taken to curb the activities of unscrupulous developers, highlighting that a crucial aspect of the current administration’s agenda is to promote urbanisation within the state.
Akin-Funmilayo made it clear that the government was made aware by numerous victims who had been tricked by dishonest developers.
The commissioner expressed that the government was actively addressing the situation by registering industry professionals and thwarting the attempts of dishonest real estate developers to exploit the citizens.
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He said, ‘They cannot be operating in the state without knowing them as a custodian of land in the state, which will equally protect their interest. It is essential for government to know who is who in real estate business in the state, we should work hand in hand to achieve same purpose with Govenor Seyi Makinde’s Agenda.’
‘To protect the interest of innocent investors in the state, we have come up with modalities to accredit all real estate developers in the state, in other to have a robust relationship and curb excess of those that have polluted the industry.’
‘To this end, they will know where we have designated for housing development not all land in the state are meant to be developed for housing estate, we will provide them with the government land information that is needed to be developed even outside Ibadan.’
‘With this, our people in the state cannot be duped and if they have a land to be develop into an housing estate they will apply to the state government and they will be profile properly. This will give our people in the diaspora an hope to come home and invest in the state.’ The commissioner added.