Aisien Emmanuel Calls for Regulation Amid Real Estate Fraud
Thousands of Nigerians are at risk of losing their life savings due to real estate fraud involving forged title documents and fake agents. Aisien Emmanuel, the principal consultant at Osadolor A. & Associates Estate Surveyors & Valuers, has urged for stronger regulation of estate agencies and the prosecution of public officials involved in fraudulent transactions.
The Federal Ministry of Housing and Urban Development, represented by Badamasi Haiba, has acknowledged regulatory gaps and announced a stakeholder workshop on July 28, 2026, to validate the proposed National Housing and Built Environment Regulation Policy. This policy aims to introduce licensing for estate agents, strengthen professional standards, and protect buyers' funds.
Recent investigations by the Economic and Financial Crimes Commission (EFCC) have revealed significant fraud cases, including an alleged ₦288 million fraud in April 2026 and a ₦23 million land fraud in August 2026. Authorities have also taken action against suspected fraudulent real estate offices in Lagos and Abuja.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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