The FCT chapter of Real Estate Developers Association of Nigeria (REDAN) has shed more light on why it set up a 10- member displinary committee chaired by its Secretary Ehikioya Okoruwa, to sanitise the sector from dubious character posing as developers.
Speaking during the inauguration of the displinary committee in Abuja, the chapter chairman Mr. Osilama Emmanuel Osilama said that the committee is meant to sanitise the sector through professional intervention by arbitration before considering anti-graft agencies.
According to him, when cases are received by the committee all parties will be given equal opportunities to tell their side of the story after which, the committee through arbitration will try to suggest/provide acceptable solutions.
Osilama said, “Cases will only be referred to anti-graft agencies if they are complicated and parties are insisting on other means of engagement.’’
He expressed optimism on the capacity of the committee to deliver, saying its members comprise men and women of integrity and impeccable character known for years and tested and trusted.
According to him, the activities of committee will be felt soon as the committee members understand the sector very well and can easily relate, if anyone makes any complaint against anyone found wanting in the sector.
Osilama urged all developers to be friendly and cooperate with the committee, just as he enjoined them to go about their normal business, adding that they were not inaugurated to embarrass any member.
He said, “This committee was inaugurated so that the genuine real estate developers can focus and do business in a way and manner that the government will be proud with them. Real Estate is our business and we can’t watch fraudsters take the centre stage“ We want to do our business in a way that government will not say we are aiding and abetting criminals with our businesses.’’
Speaking on the recent claim by the EFCC that 90 percent money laundering takes place in the sector, Osilama said that those being referred to by the anti- graft agency are actually not major players in the sector, who don’t even exist in the sector but only use real estate as a cover up.
The REDAN FCT chair said, ‘’ some of these criminals are drug barons and also money launderers who use the sector as a cover up as result of this, they can not come up to be registered with Redan because they know they will be noticed easily, exposed and be apprehended and most times they operate those real estate companies by proxy.’’
He said that the association enjoys good cooperation with security agencies to thrive because the committee is complementing their job by creating an environment to make their job easier.
“ What they need is information, which we are creating a platform for them to access, some of these agencies are members of the committee we set up. So, when they are investigating they don’t need to tell us because they have their own way of doing it and we are not supposed to investigate that’s not our jurisdiction but we are ready to give them all the necessary support to clear the sectors of bad eggs.’’
The committee members include:1. Hajiya Binta Ibrahim Former FCT Chairman of REDAN, C.E.O Women Housing Initiative and National President of women in real estate.
2. Architect Oladokun Samuel
Seasoned estate developer of over 3 decades in the industry, C.E.O Integax and member of REDAN RUHI committee.
3. Ehikioya Okoruwa
Secretary REDAN FCT , MD Planets Next-Intermedian Ltd.cmmtt Chairman
4. Mrs Njokwu Nnena
P.R.O REDAN FCT, MD/C.E.O Kamsomarvy & Co Ltd.
5. Mr Osilama Emmanuel Osilama
FCT REDAN Chairman, C.E.O Nuel Osilama Global.
6. Hajia Amina Ibrahim
MD/C.E.O Gambaraa Property & Investment Ltd.
7. Bishop Igboro
C.E.O Rainbow Station, General Overseer of Demonstration Christian Center.
8. Mr Dapo Otunbajo committee Secretary, C.E.O Betterdays
9. Mr Charles Agbonkenyi C.E.O Yes Properties
10. Bldr Anthony Okwa D.G, C-Stemp