Financial transparency has been proferred by stakeholders as one of the critical elements required for the sustainable development of Nigeria’s property market.
The Chairman, Lagos Building Investment Company , Hakeem Ogunniran moderated and enriched the discussion, while Mr. Adeniji Adele, President FIABCI-Nigeria set the tone for the day’s business with his opening remarks. There were inputs from Olukayode Enitan, Principal, Enitan Associate, and Nechi Ezeako, CEO, El-Values Advisory.
She said, “Weak law enforcement, sanctions and regulatory regime, poor corruption mitigation and compliance capacity, limited access to credible information and compliance resources as well as limited automation in public administration and company management operations are impacting the real estate sector negatively.”
Adeyinka Olumide-Fusika, a Senior Advocate of Nigeria , and Partner, Akinwunmi and Busari advised stakeholders to get involved in matters relating to real estate and protection of property rights of the citizens.