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Monthly Archives: October 2017

The Challenges of Financing Real Estate Developments in Nigeria

Financing real estate developments

Proper financing is all-important to successful property investment and development. In this article we take a critical look at the challenges of financing real estate developments in Nigeria. The term ‘development’ as defined in section 2(1) of the Nigerian Town and Country Planning ordinance 1948, states that “development in relation to any land includes any building or rebuilding operation and ...

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Why a Professional Property Manager Should Manage Your Property

Ghana real estate

For many property owners in Nigeria, asking a professional property manager to manage a property is like spending money like a drunken sailor. Most property owners don’t believe a professional property manager does anything special, so why employ one? There’s so much a professional property manager can do to that residential rental property or commercial property that would bring immense ...

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ESVARBON to host 2017 Estate Surveyors and Valuers Assembly in Lagos

ESVARBON to host 2017 Estate Surveyors and Valuers Assembly in Lagos

According to The Guardian, the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) has concluded arrangements to host its 2017 Estate Surveyors and Valuers Assembly in Lagos.The maiden edition of this annual event with the theme: “Estate Surveying and Valuation in Nigeria: Regulating the Profession For Public good and Practitioners development” comes up at the Events Centre, Ikeja, Lagos. ...

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CSCEOS warns Governor Aregbesola to stop selling people’s property to friends

CSCEOS warns Governor Aregbesola to stop selling people's property to friends

“Civil Societies Coalition for the Emancipation of Osun State (CSCEOS) has warned Governor Rauf Aregbesola of the state against selling property belonging to the people of the State to his Lagos friends and associates under the guise of Public Private Partnership (PPP) and Concession arrangement.”- Daily Post The group noted that such arrangement was not in the best interest of ...

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“Registration of technicians can reduce building collapse”, Ganiyu Jimoh

“Registration of technicians can reduce building collapse", Ganiyu Jimoh

The Guardian reports, “The Chairman of the Nigerian Society of Engineering Technicians, Makanjuola Ganiyu Jimoh has called for proper registration of technicians to reduce incessant incidences of building collapse in the country.”Jimoh, who led members of the society on a courtesy visit to The Guardian, noted that it is time for craftsmen to realise that their services require professionalism, which ...

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Paint manufacturers urge government to develop local raw materials

Paint producers urge government to develop local raw materials

“Faced with dwindling foreign exchange earnings, the Paint Manufacturers Association of Nigeria (PMA) has urged the federal government to attach importance to the development of the raw materials base.”-The Guardian While pledging to encourage investors who are willing to invest in paint raw material production and development, they appealed to the government to extend intellectual, technological, legal and financial collaboration ...

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Court remands land agent for alleged land fraud

Court remands land agent for alleged land fraud

A Sokoto Magistrates’ Court on Monday ordered the remand of 48-year-old  estate agent, Lawali Maigara, for alleged land fraud. The defendant was accused of defrauding one Mubarak Bello of Fakon Iddi area of Sokoto of N400,000 on land transaction. The defendant was arraigned on a two-count charge of criminal conspiracy, breach of trust and cheating, offences contrary to Sections, 312 ...

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Chartered surveyors call for enabling environment for real estate sector

Chartered surveyors call for enabling environment for real estate sector

“Members of the Royal Institution of Chartered Surveyors (RICS), Nigeria group have called on the Federal Government to create an enabling environment for real estate sector, which will boost economy.”- The Guardian The real estate experts, who spoke at the Annual General Meeting (AGM) and induction of new members, dwelled on the theme: Funding Real Estate, Requirement from Advisors. The ...

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Lawmakers express disgust over state of airports in Nigeria

Lawmakers express disgust over state of Nigerian airports

“The members of the National Assembly’s joint committee on aviation on Thursday expressed worry over the deplorable state of some airports in Nigeria, particularly the Enugu and Port Harcourt International airports.”- Premium Times Muhammad Adamu, APC-Kebbi Central, explained how unhappy he was after a tour of the facility of the Port Harcourt International Airport despite the fact that the Senate ...

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Dr Okonkwo says real estate industry needs financing like others

Dr Okonkwo says real estate industry needs financing like others

“Nedcomoaks properties boss, Dr Kennedy Okonkwo, has called on the government to look into the real estate industry and consider it for financing.”- Nigerian Tribune The estate developer made the statement during a courtesy visit paid to him by some top executives of the Real Estate Developers Association of Nigeria (REDAN) in Lagos earlier this week. According to Dr Okonkwo ...

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