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Monthly Archives: November 2014

Court suspends construction works on disputed land involving Lagos Governor and others.

A Lagos High Court Ikeja has restrained Lagos State governor and others, from further construction in a disputed property located at 7, Law Close, Magodo. Justice Atinuke Oluyemi halted further work on the site in an injunction she delivered last week, following an application by the claimant, Dr. Mrs. Abimbola Odumosu. Odumosu through her counsel, Adekunle Oyesanya (SAN), has approached ...

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FHA and FRSC plan new housing scheme for members

In a bid to boost the housing stock in the country, the Federal Housing Authority (FHA) has entered into agreement with the Federal Road Safety Corps (FRSC) in the provision of affordable housing for its workers. Under the deal, FHA will drive the implementation of its One-Man-One House policy for the staff of the organisation and meet the peculiar needs ...

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OGUN promises completion of Sango-Akute road

The authorities of Ogun State have explained that on-going construction of the 40 kilometre-Sango-Akute-Ojodu Abiodun Road in Ado- Odo/Ota and Ifo local government areas was slowed down due to persistent rainfall. The State’s Commissioner for Works and Infrastructure, Mr. Olamilekan Adegbite, an architect, made this known in Abeokuta last week said, embarking on the construction in the face of unfriendly ...

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Ogun State ready to issue up to 1,000 C of O

The Ogun State Government has announced the issuance of another batch of Certificates of Occupancy arising from the on-going Homeowners’ Charter Programme. In a press release, the Special Adviser/Director General, Bureau of Lands and Survey, Mr. Adewale Oshinowo said that Homeowners’ Charter was a highly successful programme, which enables property owners to regularize the legal status and documentation of their ...

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FG allocates more funds into Millenium Tower Project

Looking to increase pace of work at the Nigeria Cultural Centre and Millennium Tower project, the Federal authorities have endorsed a fresh allocation for the landmark edifice located in the Federal Capital Territory. Designed by an Italian architectural firm, Studio Nicoletti and Associates, the project consists of a 170-metre tower, which will be Nigeria’s tallest building when completed along with ...

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Impact of Nigeria’s Rebasing on the Real Estate Sector

After Nigeria’s Gross Domestic Product (GDP) was recently rebased by measuring GDP estimates with a current base year price structure, Nigeria took over from South Africa as the largest economy in the African continent. This can be attributed to significant contribution by various sectors such as the real estate industry, which is estimated to be 8.01 percent and pegged at ...

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Estate Agent dupes 56 people

A developer and four estate agents have been arraigned before a magistrate’s court sitting in Lagos for allegedly collecting a sum of N19.4m from 56 persons under the guise of letting out a self-contained apartment on Yusuf Street in the Iyana Ipaja area of the state. We gathered that the accused persons – Chief Adeoye Ogundipe (70), Chief Wasiu Jinadu ...

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FHA to partner with Abuja traders to provide 5,000 Housing units

In a bid to provide housing for the informal sector, the Federal Housing Authority (FHA) last week entered into a partnership with traders in Abuja for the delivering of 5,000 housing units in the Federal Capital Territory (FCT). Under the scheme with the National Association of Nigerian Traders, the first phase will start in the site for the proposed FHA ...

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Ekiti, Ondo & Delta among states bidding for UN-REDD+ Scheme

After the success of its pilot implementation via an innovative, two-track approach consisting of actions by the Federal Government and Cross River State Government, the United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation (UN-REDD+) may soon be expanded to include three more states in the country. No fewer than eight states of the federation are jostling ...

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RENT TO OWN: Another path to own your own house

Owning your house in a country like Nigeria, especially in metro cities like Lagos, Abuja, Port Harcourt etc. is a laudable accomplishment considering the high cost of living. The cost of renting a standard house is so back-breaking, sometimes having enough to build your own house doesn’t even come into the picture especially with the poor mortgage system in the ...

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