• HDAN condemns Reps resolution, says bill passage refusal will endanger housing sector By: Femi Esan The house of Representatives has turned down the Real Estate Developers Association of Nigeria (REDAN) Regulation and Development Bill. This follows the resolution of the Ad-hoc committee set up by the house to investigate the operations of real estate developers in the Federal Capital Territory (FCT). The decision of the Green Chamber was conveyed in a communique signed by the Chairman of the investigative panel, Hon. Blessing Onuh. It will be recalled that the Senate had in November 2021 passed a bill to help curb fraudulent practices, ensure that the real estate business conforms with the National Building Code in Nigeria, as well as create an innovative and sustainable environment to promote Nigeria as a real estate investment destination in Africa and the world. The bill was sponsored by Senator Aliyu Wamakko. Meanwhile, the bill suffered rejection at the house on the ground that ...
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