The Chief Executive Officer, Numero Homes, Mrs. Omowunmi Olalere, has frowned at activities of fraudulent operators in the real estate industry, saying government policies should regulate and guide practices within the industry.
She therefore, emphasised on the need for collective efforts of the Real Estate Developers Association of Nigeria and government’s intervention to flush out fraudulent operators from the industry. “On allocation, once anyone makes an initial deposit, we cut out their property and allocate immediately. Some people get money from buyers and start scouting for land they didn’t market to them but that’s not our culture. We deal based on integrity. We have enough portfolios so we would rather sell another estate and not collect money without allocation.