The Lagos State Government, acting through the Lagos State Real Estate Regulatory Authority (LASRERA), is conducting an investigation into allegations of a land scam involving RevolutionPlus Property Ltd.
The move follows a viral video by Mr Kayode Oladipo, claiming non-allocation of 20 purchased plots from RevolutionPlus in 2017.
Governor Babajide Sanwo-Olu directed government officials, including Commissioner for Housing Moruf Akinderu-Fatai and Special Adviser on Housing Barakat Odunuga-Bakare, to meet with RevolutionPlus’s Managing Director, Dr Bamidele Onalaja, for a fact-finding session.
The investigation aims to address fraudulent practices in the real estate sector, safeguarding the interests of investors and enhancing confidence in real estate transactions.
LASRERA Law 2022 empowers the agency to investigate public complaints and petitions to ensure regulatory compliance.
RevolutionPlus MD, Onalaja, clarified that Oladipo had paid for two out of 20 plots, while the remaining 18 plots were unpaid due to payment agreement violations.
The company offered an alternative site at Amazon Estate, Epe, which Oladipo declined, leading to the investigation.
The committee proposed re-allocating five plots at Amazon Estate to Oladipo, equivalent to his deposit. Oladipo agreed to the offer after discussions with the investigation team.
The company denied the claim of N40 million payment and urged the public to disregard Oladipo’s allegations as untrue and misleading.
The resolution demonstrates the government’s commitment to ensuring transparency and fairness in real estate transactions within the state.
