…Calls for Stronger Regulation as Quacks Infiltrate Real Estate Sector
The Managing Director of , Architect Chibuikem Onyekachi Emmanuel, has urged government agencies to strengthen oversight in the property sector, warning that unqualified operators are increasingly infiltrating the industry and putting investors at risk.
He made the call during a real estate breakfast meeting organised by the company at its office in Wuse Zone 4, Abuja, where he stressed the need for proactive regulation and enforcement to safeguard investments and maintain professional standards.
According to him, weak supervision and delayed enforcement have created gaps that allow untrained individuals to operate freely, exposing investors and homebuyers to financial losses, legal disputes, and substandard developments.
“Real estate is not a trial-and-error business. It involves people’s life savings and long-term security,” he said. “When quacks dominate the space, confidence is eroded, disputes increase, and the industry suffers reputational damage. Government agencies must be proactive, not reactive, in regulating developers and property managers to ensure sanity and order within the sector.”
Architect Onyekachi emphasised that property management demands strict monitoring, adherence to professional standards, and timely intervention by relevant authorities to protect the public and sustain investor confidence.
He also encouraged Nigerians seeking secure and structured investment opportunities to explore the company’s flagship development, , located in Abuja.
Describing the estate as strategically positioned and designed to meet modern housing demands, he assured prospective investors of clear documentation, quality infrastructure, and transparent processes.
“Carlton Gate Estate is designed to give investors peace of mind. The location, layout, and documentation are well planned to meet today’s housing needs. It is ideal for individuals and families seeking security, accessibility, and long-term value in Abuja’s growing real estate market,” he added.