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Housing escrow alone won’t protect homebuyers, experts warn FG

The Federal Government’s plan to introduce regulated escrow accounts for off-plan housing transactions has been described as a step towards improving buyer protection in Nigeria’s

Caleb ObiowoJuly 26, 20261 min read
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The Federal Government’s plan to introduce regulated escrow accounts for off-plan housing transactions has been described as a step towards improving buyer protection in Nigeria’s real estate sector, but industry stakeholders say the measure will need stronger project monitoring mechanisms to achieve its intended purpose.

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