Stakeholders, firm call for reforms to strengthen professionalism, transparency in estate sector
Golden Land Estate Ventures Limited and stakeholders in real estate sector have called for urgent reforms aimed at strengthening professionalism, transparency, and investor confidence in Nigeria’s real estate sector.
The call was made in a communiqué issued on Monday in Enugu after the Golden Land Estate Ventures Limited 2026 Mid-Year Seminar/Luncheon, held on Friday, July 3, at Wendy’s Place, Onitsha.
The 2026 Mid-Year Seminar/Luncheon was theme: “Next-Level Real Estate Practices.”
The event brought together real estate developers, Chief Executive Officers (CEOs), realtors, marketers, investors, and other stakeholders in the South-East to examine emerging trends, industry challenges, and practical strategies for repositioning the sector for sustainable growth.
The communiqué said that after extensive deliberations, participants unanimously adopted the following resolutions, which included: stronger government action against multiple sale of land.
“Participants urged the Federal, State, and Local Governments to strengthen land administration policies and enforce stringent sanctions against communities and individuals involved in the fraudulent sale of the same parcel of land to multiple buyers.
“Such practices have continued to undermine investor confidence, increase land-related litigation, and discourage genuine investment in the sector,” it said.
The communiqué also noted that participants advocated for promotion of professionalism and healthy competition.
“The participants at the seminar emphasised that competition within the real estate industry should be driven by professionalism, innovation, quality service delivery, and integrity rather than unhealthy rivalry, misinformation, or actions capable of tarnishing the reputation of fellow practitioners.
“Industry leaders were encouraged to foster collaboration that will promote collective growth and public confidence,” it said.
The communiqué said that the participants urged real estate sector practitioners to uphold honesty and transparency in client relations.
“Participants reaffirmed that honesty remains the foundation of sustainable real estate practice.
“Realtors were urged to desist from making false claims, exaggerating property values, misrepresenting estate locations or approvals, or giving unrealistic assurances simply to secure transactions.
“Clients should be provided with accurate, verifiable, and complete information before making investment decisions,” it said.
The communiqué further called for effective regulation against overselling and delayed allocation.
“The seminar called on Real Estate CEOs and Developers to institute effective internal controls to eliminate the overselling or double allocation of plots.
“Developers should also ensure prompt allocation of purchased lands and timely issuance of all necessary documentation.
“Efficient service delivery, participants noted, is essential to maintaining customer trust and enhancing the credibility of the industry,” it said.
On call to action, the statement noted that participants called on government agencies, industry regulators, professional bodies, community leaders, developers, and practitioners to work collaboratively.
It called on all stakeholders to work collaboratively to establish a transparent, accountable, and investment-friendly real estate environment that protects property buyers and promotes sustainable national development.
Golden Land Estate Ventures Limited also reaffirmed its commitment to championing ethical business practices, professional excellence, continuous capacity development, and responsible real estate investment in Nigeria.
The communiqué was issued and signed by Comrade Damian Ogudike and Mr Ikechukwu Eze, who are directors on behalf of other directors of Golden Land Estate Ventures Limited.
Mrs Amaka Dim from Exotic Landlady Estate and Miss Blessing Anene of BuildWise Solution Centre Estate, who were resource persons in the seminar, also drafted and signed the communiqué as well.