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Governor Sanwo Olu Signs Bill Regulating Real Estate Transactions In Lagos State

Governor Babajide Sanwo-Olu of Lagos State has signed three bills into law during the weekly State Executive Council meeting at Lagos House, Ikeja.

According to Governor, Sanwo-Olu  the law to regulate the real estate transactions in Lagos State will help to protect the citizens; the unsuspecting Lagosians who fall prey to many real estate professionals, adding that the law will also help players in the real estate sector to know what is expected of them and for government to be able to track who is doing what in the sector.

He said, “It is really around ease of doing business and ensuring that we can continue to attract private sector investments into the real estate space. We believe this law will be the very first in the country that has taken a deep dive into what is happening in that space and it further strengthens our intervention in housing through the Ministry of Housing,”

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Sanwo-Olu said the new bills would strengthen government and citizens’ engagement and relationships and it will help residents of the state to continue to live in an atmosphere where the rule of law is enshrined for people and to know what is expected of them.

He said the law to provide for the registration of cooperative societies in Lagos State would make it easy to regulate the operations of thousands of cooperative societies in the state for harmonious cooperation.

The governor also noted that the law regulating the ownership, licensing and sale of pets, prohibiting and restricting people from having in custody dangerous animals in public places, would further strengthen all the deliverables in the Ministry of Agriculture, especially issues that have to do with pets and animals.

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