REDAN and Sytemap join forces to digitise property deals
The Real Estate Developers Association of Nigeria has partnered with Sytemap Technologies Limited to improve the safety and transparency of land and real estate transactions across Nigeria. This collaboration aims to address persistent issues such as disputed titles and land fraud, which have long plagued property buyers and investors. Oba Akintoye Adeoye, President of REDAN, highlighted the importance of restoring confidence in the market. The partnership will leverage digital tools to simplify property verification, mapping, and transactions for both developers and buyers.
TLDR
- REDAN and Sytemap Technologies Limited have signed a Memorandum of Understanding to digitise property transactions nationwide.
- The agreement combines REDAN’s network of verified developers with Sytemap’s digital infrastructure for listing, verifying, and mapping properties.
- Industry analysts estimate Nigeria loses over N36 trillion annually due to untitled and disputed land.
- The new platform, RightHOME, will offer verified listings, digital mapping, transaction tracking, and fraud-prevention systems.
- Nnamdi Uba, CEO of Sytemap, and Cholatte Odunlade-Akeji, CEO of RightHOME, were among the key signatories to the agreement.
