Lagos State Governor, Babajide Sanwo-Olu, is calling on real estate practitioners to find lasting solution to incidences of fraudulent and unprofessional practices in the sector.
Sanwo-Olu said this at a Stakeholders Engagement summit on Real Estate/Agency Business held in Lagos with the theme: Lagos Real Estate: “Achieving 21st Century Compliance”.
He urged the real estate sector to deploy new technology to create a platform for establishing business relationships with potential clients and also maintain existing ones.
According to the governor, new technology enhances transparency which was essential in establishing and sustaining credibility and integrity in business transactions.
He said that Lagos State Government was determined to strengthen the operations of Lagos State Real Estate Transactions Department with a view to achieving its 21st century vision in the real estate business.