Sanwo-Olu Signs Bill Regulating Real Estate Transactions In Lagos

Governor Babajide Sanwo-Olu of Lagos State on Monday signed a bill regulating real estate transactions in the state.

Naija News reports that Sanwo-Olu signed the bill at the Executive Chamber at the Lagos House in the Ikeja area in the presence of the Commissioner for Housing, Moruf Akinderu-Fatai; the Attorney General and Commissioner for Justice, Moyosore Onigbanjo; the governor’s Special Adviser on Housing, Toke Awoyinka-Benson; amongst others.

Speaking at the signing, the Governor said the law was created to regulate the real estate transactions in Lagos State will help to protect the citizens; the unsuspecting Lagosians who fall prey to many real estate professionals.

He added that the law will also help players in the real estate sector to know what is expected of them and for government to be able to track who is doing what in the sector.

Meanwhile, Sanwo-Olu signed two other bills into law to provide for the registration of Cooperative Societies in Lagos State; and law to regulate ownership, licensing and sales of pets and to prohibit and restrict people from having in custody dangerous animals in public places.

Sanwo-Olu said the new bills he assented to would strengthen government and citizens’ engagement and relationships and for residents of the State to continue to live in an atmosphere where the rule of law is enshrined for people and to know what is expected of them.

The governor commended the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, and the state lawmakers for seeing the need to pass the bills into laws.