The Real Estate Developers Association of Nigeria (REDAN) launched a new Seal aimed at giving credence to the activities of developers within the housing sector.
It said the move was in an effort to curb unwholesome practices by erring members thus promoting standardization.
Speaking at the launch of the Seal and Magazine in Abuja, the Association’s President, Dr Aliyu Wamako said the seal will give more credibility to businesses of its members and recognition to the association’s documentation processes.
According to him, the use of the seal is part of the self-regulating mechanism that will enhance the quality of estate products and processes in Nigeria.
He explained that the seals are in two categories, “There is a seal REDAN will issue to all accredited and active members who have consented to abide by the Code of Ethics of the Association and undertaken to abide by extant laws and guidelines relating to housing development in Nigeria.”
He further noted that the seals have security features that include the name of the development company, registration number, mercury code, classification and REDAN logo for ease of identification and cross-checking of the accredited REDAN Member.
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