The Lagos State Government has disclosed that it recovered over N270m from fraudulent estate agents and property developers on behalf of residents affected by real estate fraud across the state.
According to a statement made available to PUNCH Metro on Tuesday, the Commissioner for Housing, Moruf Akinderu-Fatai, disclosed this during the 2026 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja.
Akinderu-Fatai noted that the recovery reflected the state government’s commitment to protecting residents from exploitation, fraudulent transactions, and unethical practices in the real estate sector.
Akinderu-Fatai stated that the Lagos State Real Estate Regulatory Authority had continued to strengthen regulatory oversight through stakeholder engagement, public sensitisation campaigns, and enforcement operations aimed at restoring confidence in the property market.
The statement read in part, “The recovery of N270,020,500 underscores the state government’s commitment to protecting residents from exploitation, fraudulent transactions and unethical practices within the real estate sector.
