The Real Estate Developers Association of Nigeria (REDAN) says it will continue to work with the Special Control Unit Against Money Laundering Department of the Economic and Financial Crimes Commission to sanitise the real estate business.
REDAN President, Aliyu Oroji Wamakko, said this in Abuja while receiving the newly appointed director of SCUML, Daniel Isei.
Wamakko said REDAN was also working with the Nigeria Financial Intelligence Unit and others to achieve the goal.
He said the association had instituted the Estate and Product Endorsement Scheme to enhance standardization of members’ estates who complied with extant laws and building codes and other requirements.
He said: ‘’To give credence to our determination to sanitise the business of real estate development and ensure that our accredited members are differentiated from others brief case business men posing as developers, we’ve introduced and launched the ‘REDAN Seals’ to be used by accredited members whose estates have been endorsed as well as building material companies’ products that have been endorsed.”
Wamakko said REDAN would work assiduously with the EFCC to ensure that its members adhere to its guidelines and extant laws.
