Newsroom Nigeria
  • Home
  • About Us
  • Advert Rates
Sunday, September 24, 2023
  • Login
Advertisement
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
No Result
View All Result
Newsroom Nigeria
No Result
View All Result

EFCC to Work with Real Estate Operators to Sanitize the Sector

The EFCC boss however bemoaned the rate of corruption in the sector and urged REDAN and all Nigerians to report acts of corruption in the real estate sector

Newsroom Nigeria by Newsroom Nigeria
April 8, 2022
Reading Time: 3 mins read
EFCC to Work with Real Estate Operators to Sanitize the Sector
Share on FacebookShare on Twitter

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Abdulrasheed Bawa on Wednesday, April 6, 2022 reiterated the Commission’s resolve to work with the Real Estate Developers Association of Nigeria, REDAN, in sanitizing the real estate sector.

He stated this when the President of REDAN, Dr. Aliyu Oroji Wammako paid him a Courtesy Visit at the Commission’s headquarters, Jabi, Abuja.

Bawa also promised  that the EFCC will support REDAN in ensuring that the proposed Real Estate Regulation and Development Bill is passed to help in sanitizing the sector. “I want to assure you that we are going to support you, we are going to talk to all the people that need to be spoken to, after we have reviewed the law itself to see whether there are one or two things that we need to add, that will help you in strengthening the provisions before it is transmitted to the President for assent,” he said

This Might Also Interest You

Terminal Operators Pledge Support for Oyetola to Harness Potentials of Blue Economy

Freight Forwarders Threaten to Shut Down Ports Over  Extortions by Maritime Police.

Elumelu”s Transcorp Consolidates Hold in Power Sector, Acquires 60% Stake in AEDC

AVANTI COMMUNICATIONS CEMENTS MARKET-LEADING POSITION IN SUB-SAHARAN AFRICA

The EFCC boss however bemoaned the rate of corruption in the sector and urged REDAN and all Nigerians to report acts of corruption in the real estate sector. “To us, from the beginning we made our position very clear that real estate in Nigeria has turned into an avenue in which corrupt public and private sector practitioners are laundering their proceeds of crime with ease. In fact it is the highest avenue in which proceeds of crime are laundered second only to the financial institutions, particularly the banking sector. It is a sector that we urge all Nigerians to watch out for, and relay to us information regarding anybody that they know has acquired real estate fraudulently.

 “We hope and pray that you strengthen yourself and ensure that the bad eggs that are in the sector are weeded out. There is no day that passes that the EFCC is not tracing one proceed of crime or another into real estate. We have spoken to the Governors Forum to ensure that they have a very robust land administration regime in their various states, all in the hope that we are going to have better statistics and better approach in the way that real estate and land administration is being managed,” Bawa added.

In his remarks, the President of REDAN, Alhaji Aliyu Oroji Wammako stated that the purpose of the visit is to partner and collaborate with the EFCC in sanitizing the business of real estate in Nigeria. “We believe that with your organization partnering and lending your voice to the need for Nigeria to have law that regulate the sector, robust and increased housing developments will be achieved,” he said,

Wammako further stated that working in collaboration with the EFCC will increase the contribution of the sector to the nation’s Gross Domestic Products and standardize the business of real estate development in Nigeria by regulating transactions in the sector.

Previous Post

FORCES BEHIND THE ABUJA-KADUNA TRAIN ATTACK

Next Post

JULIUS BERGER BUILDS WATER BOREHOLES  SCHOOLS AT ABUJA-KANO ROAD PROJECT CORRIDOR

Related Posts

Terminal Operators Pledge Support for Oyetola to Harness Potentials of Blue Economy
Business

Terminal Operators Pledge Support for Oyetola to Harness Potentials of Blue Economy

August 28, 2023
Business

Freight Forwarders Threaten to Shut Down Ports Over  Extortions by Maritime Police.

August 22, 2023
Elumelu”s Transcorp Consolidates Hold in Power Sector, Acquires 60% Stake in AEDC
Business

Elumelu”s Transcorp Consolidates Hold in Power Sector, Acquires 60% Stake in AEDC

August 17, 2023
AVANTI COMMUNICATIONS CEMENTS MARKET-LEADING POSITION IN SUB-SAHARAN AFRICA
Business

AVANTI COMMUNICATIONS CEMENTS MARKET-LEADING POSITION IN SUB-SAHARAN AFRICA

July 24, 2023
Alleged $91.4m debt: Three Banks Move Against Osibodus, Benin Disco
Business

Court Restrains Telecom Company From Accessing N7billion in 25 Banks

July 22, 2023
FBNHoldings Posts N206b Half-Year Profit
Business

FBNHoldings Posts N206b Half-Year Profit

July 22, 2023
Next Post
JULIUS BERGER EARNS N338.8 BILLION, PROPOSES N4 BILLION GROSS DIVIDEND PAY-OUT

JULIUS BERGER BUILDS WATER BOREHOLES  SCHOOLS AT ABUJA-KANO ROAD PROJECT CORRIDOR

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FG UNVEILS NATIONAL TALENT EXPORT PROGRAMME, TARGETS ONE MILLION JOBS

FG UNVEILS NATIONAL TALENT EXPORT PROGRAMME, TARGETS ONE MILLION JOBS

September 24, 2023
TINUBU CONDEMNS ABDUCTION OF VARSITY STUDENTS, DIRECTS  SECURITY AGENCIES TO RESCUE REMAINING VICTIMS 

TINUBU CONDEMNS ABDUCTION OF VARSITY STUDENTS, DIRECTS SECURITY AGENCIES TO RESCUE REMAINING VICTIMS 

September 24, 2023
THE FEARS MOHBAD HAD FOR ME – MOTHER OPENS UP

THE FEARS MOHBAD HAD FOR ME – MOTHER OPENS UP

September 23, 2023
WHY I INVITED DSS TO JOIN PROBE OF MOHBAD’S DEATH – SANWOOLU

Mohbad: Music Label Owners are Like Criminal Gangs, By Adeola Soetan

September 23, 2023
HOW I FOUND N15 MILLION IN MY TRICYCLE – RIDER

TRICYCLE RIDER WHO RETURNED MISSING N15M OFFERED FOUR WOMEN TO MARRY

September 22, 2023
  • Home
  • About Us
  • Advert Rates

© 2022 Newsroom Nigeria is published by Newsroom Communication Services, a Media and Communication Company.

No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment

© 2022 Newsroom Nigeria is published by Newsroom Communication Services, a Media and Communication Company.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In