The Lagos State Government on Wednesday, signed a Memorandum of Understanding with a real estate developer, Echostone Limited, to build 20,000 housing units in the state within four years. Speaking while signing the partnership agreement, Mr Gbolahan Lawal, the state Commissioner for Housing, said Lagos State would provide the land as its equity contribution, while Echostone would finance the project. ...

Agency is described as a relationship existing between a principal and an agent, where an agent is given rights of authorization from the former to act on his behalf. Such relationship could be established when principals are convinced that the involvement of agents will produce more effective returns usually due to their vantage in training, commitment and knowledge in the ...

The Federal Medical Centre (FMC), Abeokuta, says it has acquired 170 hectares of land for the construction of proposed University of Medicine and School of Preliminary Studies. Its Medical Director, Prof. Adewale Musa-Olomu, made this known at a news conference on Wednesday in Abeokuta to mark his 100 days in office. He said that the land worth N2.6 billion was ...

A well-known Chinese climber has died while performing one of his trademark daredevil skyscraper stunts. Wu Yongning had amassed thousands of followers on the social network Weibo for his dramatic short videos showing him perched atop tall buildings without the use of safety equipment. Concern grew among his fans when he stopped posting updates in November. It has now emerged ...

Some stakeholders in the housing sector on Tuesday in Abuja called for stiffer penalties against violators of the National Housing Fund (NHF) Act. They made the call at a two-day public hearing on a motion on the need to ensure full compliance with the National Housing Fund Act for effective housing delivery in Nigeria. Mr Oluseyi Lufadeju, a trustee at ...

Mr. Olayinka Sonaike, the Chairman, Estate Surveyors and Valuers Registration Board of Nigeria, on Tuesday, slumped and died as he readied himself to deliver a lecture at a public event in Abuja. The 74-year-old surveyor, one of the resource persons invited by the ICPC to speak at a one-day colloquium died while delivering his speech at the headquarters of the ...

Speaker of the House of Representatives, Hon. Yakubu Dogara has called for increased private sector participation in order to address the national housing deficit and pledged the commitment of the House towards enacting the required legislation. Speaking at a public hearing by the House Committee on Housing on a motion and four bills related to the National Housing Fund and ...

An Awka High Court, presided over by Justice Dennis Mmaduechesi on Monday adjourned till March 12, 2018 for a pre-trial conference on a matter involving  Bianca, the widow of the late Igbo leader, Dim Chukwuemeka Odumegwu Ojukwu and others over the family property. The case involved the sharing of the late Sir Louis Ojukwu’s property. Sir Louis Ojukwu, who died ...

Former Chief Executive Officer and Managing Director of Asset Management Corporation of Nigeria (AMCON), Mustafa Chike-Obi has called for adjustment in the tax benefit of Real Estate Investment Trust (REIT) to encourage investments in the real estate sector. Chike-Obi, who spoke at the maiden edition of Fusion of Real Estate, Interior Design and Art (FREIA) conference held in Lagos, stressed ...

The Federal Government on Tuesday completed the final handing over of the Presidential Lodge, Marina to the Lagos State Government about twenty years after the journey to actualize it commenced. Speaking at the brief but impressive handing over ceremony, held at the Conference Room of Federal Ministry of Works, Power and Housing in Abuja, Lagos State Governor, Mr. Akinwunmi Ambode ...