In a bid to address the reported land dispute between RevolutionPlus Property Ltd. and customer Mr. Kayode Oladipo, the Lagos State Government, through the Lagos State Real Estate Regulatory Authority (LASRERA), has launched an investigation. Mrs. Adeoti Sobowale, Deputy Director, Public Affairs, LASRERA, confirmed the move, stating, “Following a directive by Gov. Babajide Sanwo-Olu, the state’s government officials initiated a fact-finding meeting with the management of RevolutionPlus, led by its Managing Director, Dr. Bamidele Onalaja.”
Government officials present at the meeting included the Lagos State Commissioner for Housing, Mr. Moruf Akinderu-Fatai, Special Adviser to Lagos State Governor on Housing, Mrs. Barakat Odunuga-Bakare; and the Permanent Secretary, Lagos State Ministry of Housing, Mr. Gbolahan Toriola. Akinderu-Fatai emphasised the importance of the investigation, stating, “This will help find lasting solutions to frequent reports of fraudulent practices in the state’s real estate sector, protecting the interests of investors and investees.”
Odunuga-Bakare highlighted concerns raised by the public about RevolutionPlus before the viral video. The investigation, in line with LASRERA Law 2022, aims to protect and promote sanity in real estate transactions, boosting investor confidence. Responding to the investigation, Onalaja clarified that Oladipo had fully paid for two out of the 20 plots and explained the company’s policy for non-compliance.
In a phone call to the investigation committee, Oladipo disclosed paying a deposit of N18.606 million in 2017 but faced financial challenges. Despite the company’s offer of an alternative site, Oladipo declined and sought the state government’s intervention. Following deliberations, Oladipo accepted the reallocation of five plots at Amazon Estate in Epe, equivalent to the present value of his payment.