Real Estate stakeholders demand tougher action against multiple land sales

Folami Olamide

Goldenland Estate Ventures Limited has called for sweeping reforms to strengthen professionalism, transparency and investor confidence in Nigeria’s real estate industry, urging governments at all levels to take decisive action against fraudulent land transactions and unethical practices that continue to undermine the sector.

The call was made during the company’s 2026 Mid-Year Seminar and Luncheon held in Onitsha, Anambra State. The seminar, themed “Next-Level Real Estate Practices,” brought together real estate developers, chief executive officers, realtors, marketers, investors and other industry stakeholders to deliberate on emerging trends, persistent challenges and practical strategies for repositioning the industry for sustainable growth.

At the end of the seminar, participants adopted a communiqué containing key resolutions aimed at improving land administration, promoting ethical conduct and restoring public confidence in the nation’s real estate market.

One of the major resolutions was a call on the Federal, State and Local Governments to strengthen land administration systems and enforce stricter sanctions against communities and individuals involved in the multiple sale of the same parcel of land.

According to participants, the fraudulent practice has become one of the greatest threats to real estate investment, resulting in prolonged legal disputes, financial losses for buyers and a decline in investor confidence.

The stakeholders stressed that governments must establish stronger mechanisms capable of protecting genuine investors while ensuring that offenders are brought to justice.

The seminar also emphasized the need for greater professionalism and healthy competition among operators in the industry.

Participants maintained that competition should be driven by integrity, innovation, quality service delivery and customer satisfaction rather than misinformation, unhealthy rivalry or actions capable of damaging the reputation of other practitioners.

They urged industry leaders to embrace collaboration and knowledge sharing as essential tools for achieving sustainable growth and strengthening public trust in the real estate business.

On client relations, the stakeholders reaffirmed that honesty and transparency remain the bedrock of successful real estate practice.

They cautioned realtors against making false claims, inflating property values, misrepresenting estate locations or approvals and offering unrealistic promises simply to secure transactions.

Instead, they encouraged practitioners to provide clients with accurate, verifiable and complete information before any investment decision is made.

Participants further called on developers and real estate company executives to establish effective internal controls that would eliminate the overselling or double allocation of plots.

They also stressed the importance of prompt land allocation and timely issuance of all necessary title documents after payment, noting that efficient service delivery is critical to building customer confidence and enhancing the credibility of the industry.

As part of the communiqué, stakeholders urged government agencies, industry regulators, professional bodies, community leaders, developers and practitioners to work collectively towards creating a transparent, accountable and investment-friendly real estate environment capable of protecting property buyers and promoting sustainable national development.

Speaking during the seminar, two of the company’s directors, Comrade Damian Ogudike and Mr. Ikechukwu Ezeh, highlighted the need for ethical leadership, professionalism and continuous reforms to address longstanding challenges affecting the sector.

The seminar also featured presentations by resource persons Mrs. Amaka Dim of Exotic Landlady Estate and Miss Blessing Anene of BuildWise Solution Centre Estate, who shared insights on best practices, ethical standards and emerging opportunities within Nigeria’s evolving real estate industry.

In its closing remarks, Goldenland Estate Ventures Limited reaffirmed its commitment to promoting ethical business practices, professional excellence, continuous capacity development and responsible real estate investment across Nigeria.

The company expressed optimism that implementing the resolutions reached at the seminar would strengthen investor confidence, improve service delivery and contribute significantly to the long-term growth and credibility of the country’s real estate sector.