• Home
  • Stories
    • Politics
    • Business
    • Arts & Culture
    • Health
      Medical Tourism: NMA mocks Buhari, others, says emulate Osinbajo

      Medical Tourism: NMA mocks Buhari, others, says emulate Osinbajo

      Organ Trafficking: New facts emerge that might help Ekweremadu

      Organ Harvesting: You are a liar, UK court tells David

      Battling VVF: Tragic stories of girl brides of Sokoto

      Battling VVF: Tragic stories of girl brides of Sokoto

      FG partners firm to launch tobacco dashboard as tobacco tax increases by 30 percent

      FG partners firm to launch tobacco dashboard as tobacco tax increases by 30 percent

      Why Tobacco Products are bad for you- FG tells students

      Why Tobacco Products are bad for you- FG tells students

      Big Tobacco: Nigeria launches Tobacco Control Data Initiative Dashboard  

      Big Tobacco: Nigeria launches Tobacco Control Data Initiative Dashboard  

      Malnutrition: Religious leaders join campaign for improved nutrition in Nigeria

      Malnutrition: Religious leaders join campaign for improved nutrition in Nigeria

    • Security
    • Travel
  • World
  • Africa
  • Humans of Abuja
  • Investigation
  • Development
  • Contact
Infactng
  • Home
  • Stories
    • Politics
    • Business
    • Arts & Culture
    • Health
      Medical Tourism: NMA mocks Buhari, others, says emulate Osinbajo

      Medical Tourism: NMA mocks Buhari, others, says emulate Osinbajo

      Organ Trafficking: New facts emerge that might help Ekweremadu

      Organ Harvesting: You are a liar, UK court tells David

      Battling VVF: Tragic stories of girl brides of Sokoto

      Battling VVF: Tragic stories of girl brides of Sokoto

      FG partners firm to launch tobacco dashboard as tobacco tax increases by 30 percent

      FG partners firm to launch tobacco dashboard as tobacco tax increases by 30 percent

      Why Tobacco Products are bad for you- FG tells students

      Why Tobacco Products are bad for you- FG tells students

      Big Tobacco: Nigeria launches Tobacco Control Data Initiative Dashboard  

      Big Tobacco: Nigeria launches Tobacco Control Data Initiative Dashboard  

      Malnutrition: Religious leaders join campaign for improved nutrition in Nigeria

      Malnutrition: Religious leaders join campaign for improved nutrition in Nigeria

    • Security
    • Travel
  • World
  • Africa
  • Humans of Abuja
  • Investigation
  • Development
  • Contact
No Result
View All Result
Infactng
No Result
View All Result

REDAN disagrees with Reps Housing Committee on real estate regulation

March 5, 2022

By Our Correspondent

The Real Estate Developers Association of Nigeria, REDAN on Friday frowned against the position of the House of Representatives Ad-hoc committee investigating the operations of the real estate developers in Abuja.

The President, REDAN, Aliyu Wamakko in a press briefing said that the position of the Ad-hoc committee contradicted each other which is very dangerous for the real estate sector.

The position of the Ad-hoc committee was contained in a communique issued at the end of two-day workshop.

The communique in page 12 of Daily Trust on Monday, February 28, 2022 says: “(c) That there is no clear regulatory legal framework for estate developers hence proliferation of incompetent, inefficient and fraudulent developers with the tendency to mislead the public” and

“(f) That FCT is loosing so much revenue as a result of non-compliance to the real estate regulations and enforcement of laws on land administration.”

However, REDAN noted that there was a contradiction when the Ad-hoc committee said “(l) REDAN Bill is unrealistic and therefore be jettisoned.”

Reacting, Wamakko said “The Senate find the reasons why this industry should be regulated. It is reasonable for them to regulate the industry because there will be no meaningful development without the regulation of the real estate sector. They passed the bill. The Senate President and Clark signed the bill and send it to House of Representatives for concurrence.

“If this Real Estate Regulatory Bill has been passed into law, there is no need for the Ad-hoc committee to be set because there is an enabling law to govern the affairs and conduct of real estate business in Nigeria.

“We were also not invited to the workshop to explain to us why they took the decision. We were not carried along.

“The Bill is not about REDAN , it is about the masses of the country, those who transact business of real estate in the country. REDAN just sponsored the Bill.”

The Chief Executive Officer, FESADEB and a member of REDAN, Festus Adebayo said real estate developers must be trained and called for sanity in the industry.

“We need sanity in the real estate sector. We are tired of Nigerians falling victims in the hands of criminals and the only way we can salvage this situation is by regulating the sector.”

Share120Tweet75Share30
INFACTNG

INFACTNG

Related Posts

Inflation: I’m going bankrupt, Obasanjo cries out
Business

Inflation: I’m going bankrupt, Obasanjo cries out

August 3, 2022

By InfactNG It sounded like a joke, but former president, Olusegun Obasanjo is no comedian when he said the inflation and shrinking economy in the country is affecting his business and may lead to his bankruptcy. Obasanjo said the...

You don’t know what you are talking about, Datti Ahmed slams Okowa over Peter Obi’s experience
Business

You don’t know what you are talking about, Datti Ahmed slams Okowa over Peter Obi’s experience

August 2, 2022

By Taiwo Ajala Delta state governor and vice presidential candidate of the Peoples Democratic Party (PDP), Ifeanyi Okowa has come under fire for his comments questioning Peter Obi’s credentials and experience to be president. Datti Baba-Ahmed, vice-presidential candidate of...

Business

No Christian good enough is hogwash, Dogara slams Tinubu

July 29, 2022

By Taiwo Ajala The argument against a northern Christian running mate for the All Progressive Congress presidential candidate Bola Tinubu is nothing but hogwash, according to a former speaker of the House of Representatives, Yakubu Dogara. Dogara spoke on...

Crime: Soludo turns to Herbalists, Witches for help
Business

Crime: Soludo turns to Herbalists, Witches for help

July 20, 2022

By InfactNG If you want to end crime and criminality in a state, who do you turn to, the police or non-state actors? Well, Anambra state governor, Charles Soludo has found an ingenious way around the problem of kidnapping,...

Leave a Reply Cancel reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • Biyi Bandele: A storyteller, gone the way of his tales August 9, 2022
  • Join PDP? Over my dead body, says El-rufai August 9, 2022
  • We got them:  Terrorists attackers of Owo church arrested August 9, 2022
  • Breaking News: Uduak Akpan to die by hanging August 4, 2022
  • Gift to Niger, a disaster- SDP Presidential candidate August 4, 2022

Categories

  • Africa (12)
  • Agriculture (3)
  • Agriculture (12)
  • Arts & Culture (25)
  • Business (210)
  • Cover (15)
  • COVER STORY (47)
  • Development (21)
  • ENDSARS PROTESTS (39)
  • Features (9)
  • Health (72)
  • Humans of Abuja (5)
  • Investigation (8)
  • Law (15)
  • News (681)
  • Obituary (19)
  • Opinion (26)
  • Politics (148)
  • Security (176)
  • Stories (318)
  • Travel (5)
  • World (39)

Popular

  • Six years pregnancy: A Miracle too hard to believe

    Six years pregnancy: A Miracle too hard to believe

    457 shares
    Share 183 Tweet 114
  • Akindele Oluwaseun: ‘Crying Teacher’ who receive over N1m donation and gave it all out

    374 shares
    Share 150 Tweet 94
  • How first female combat Pilot was killed

    355 shares
    Share 142 Tweet 89
  • Army throws out ‘nosey’ editor from own platform

    354 shares
    Share 142 Tweet 89
  • AGRA’s Greatest Achievement Has Been to Give Farmers Choices – Andrew Cox

    366 shares
    Share 155 Tweet 88

  • Contact
  • News

© 2020 Infactng – Investigative Journalism

No Result
View All Result
  • Home
  • Stories
    • Politics
    • Business
    • Arts & Culture
    • Health
    • Security
    • Travel
  • World
  • Africa
  • Humans of Abuja
  • Investigation
  • Development
  • Contact