We have observed also, the harsh inhumane implication of these malpractices on individuals, who having paid in full for homes continue to pay rent in their respective homes while waiting for their houses to be completed with no clear delivery date as the contracts are constantly being breached.

“We have observed that a lack of regulation or ineffective regulations, impunity, and lack of accountability by real estate developers has resulted in financial losses and caused and continues to cause untold hardships on investors.

“We are worried that despite the operation of supervisory agencies such as FCT Urban and Regional Department, Federal Capital Development Authority (FCDA), EFCC, the malpractices in the real estate sector persists,’’ she said.

The house mandated the committee to fully investigate the estate developers suspected of violating applicable laws and liaise with enforcement agencies for their prosecution.

The legislators said that to put an end to these sharp practices in the sector, the committee should create a forum for members of the public to lodge complaints against such fraudulent developers.