Powell Homes calls for strict regulation of property management as quackery increases

The Managing Director of Powell Homes and Shelters Ltd, Chibuikem Onyekachi Emmanuel, has called on government departments and regulatory agencies to strengthen real-time oversight in Nigeria’s property management sector, warning that unqualified operators are increasingly dominating the industry. He made the call during a real estate breakfast meeting organised by the company in Abuja, where stakeholders gathered to discuss investment safety and professional standards within the housing market.

According to Emmanuel, 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.

He stressed that property management is a highly technical field that demands strict monitoring, adherence to professional standards and timely intervention by relevant authorities to safeguard public interest. “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.”

The architect warned that failure to address regulatory lapses could undermine investor confidence at a time when the real estate sector remains a key driver of economic growth and urban development.

Emmanuel also used the forum to highlight the company’s ongoing housing project, Carlton Gate Estate, located in Abuja. He described the development as strategically positioned and structured to meet modern housing needs in the Federal Capital Territory. According to him, the estate offers clear documentation, quality infrastructure and transparent processes designed to guarantee value for investors. “Carlton Gate Estate is designed to give investors peace of mind. The location, layout and documentation are well planned to meet today’s housing demands. It is ideal for individuals and families seeking security, accessibility and long-term value in Abuja’s growing real estate market,” he added.

Stakeholders at the event underscored the need for stronger collaboration between government agencies and private developers to promote professionalism, transparency and sustainable growth in Nigeria’s real estate industry.