The Nigerian Real Estate Association has raised alarms about the increasing incidents of fraud and building collapses linked to unregulated developers in the country. In a recent statement, the association emphasized that the lack of oversight and regulation in the real estate sector has led to a surge in substandard construction practices. They called on the government to implement stricter regulations to protect consumers and ensure the safety of buildings. The association also highlighted the need for public awareness campaigns to educate potential homebuyers about the risks associated with unregulated developers. Furthermore, they urged stakeholders to collaborate in establishing a framework for accountability within the industry. The statement comes amid growing concerns over the safety of residential and commercial properties across Nigeria.
NigeriaNewsFeed summary based on reporting from Punch Newspapers.
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