On 7 February 2022, the Governor of Lagos State signed the Real Estate Regulatory Authority Bill into
law (the “Law”), which repealed the Lagos State Estate Agency Regulatory Authority Law, 2015 (the
“Erstwhile Law”). The Law seeks to regulate real estate transactions in Lagos State; make real estate
transactions in Lagos State conform with global best practices; sanitise and monitor activities of real estate
practitioners through the Lagos State Real Estate Regulatory Authority (“the Authority”) and protect
individuals from illegal real estate transactions and fraudulent persons/organisations in the real estate
sector.
Click to read the full article: An Appraisal of the Lagos State Real Estate Regulatory Law