REDAN Lagos Chapter Moves to Protect Association’s Integrity

The Lagos chapter of the Real Estate Developers Association of Nigeria (REDAN) has raised concerns about a potential attempt to infiltrate the association. In a statement signed by Chairman Bamidele Onalaja and Secretary Toby Ifada, REDAN alleges an “orchestrated plan to hijack and absorb some charlatans” into the organization.

The statement highlights an investigation revealing “many realtors with non-existent identities and names” fraudulently registered with the Corporate Affairs Commission (CAC). REDAN fears this is a ploy to manipulate the upcoming leadership election and ultimately undermine the association’s credibility.

REDAN calls on Lagos and Oyo state governments, along with the REDAN Board of Trustees, to take immediate action. They urge a halt to these “travesty” tactics to safeguard the chapter’s achievements since its inception in 2020.

The association emphasizes the dangers of “massive admission of all manner of companies without proper KYC [Know Your Customer].” This, they argue, would erode the very foundation of REDAN’s credibility. The statement concludes with a plea to anti-graft agencies like EFCC and ICPC to investigate this “fraudulent scheming.”

REDAN Lagos strives to maintain a membership base of reputable developers committed to professionalism and ethical conduct. Their swift action demonstrates their commitment to protecting the integrity of the association and ensuring it continues to serve the best interests of the Lagos real estate sector.


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