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Dennis Isong: Who Regulates Real Estate Agents in Nigeria?

Summary by BellaNaija
In 2021, a young banker, Kelechi, finally decided to invest in real estate. Like many Nigerians looking for better financial security, she believed that owning land or property in Lagos was a smart way to start. She met a man who claimed to be a seasoned real estate agent. His office was furnished, he dressed sharply, and he spoke like someone who had sold land to half of Lekki. He promised her a deal she couldn’t refuse in the Ibeju-Lekki axis.…
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With the new regulations, it is now possible to mortgage lots or properties in construction. What requirements are required and how the buyer accesses before the subdivisión.

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The national government regulated the implementation of divisible mortgages for real estate projects, by means of Joint Resolution 2/2025 of the Ministries of Economy and Justice published this Wednesday in the Official Gazette. The regulations provide that divisible mortgages may be constituted on real estate subject to real estate projects for the subsequent division and affectation of the horizontal property or estate estate estate regime, or…

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BellaNaija broke the news in on Wednesday, July 16, 2025.
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