Home » Author Archives: Lekan Olofinji

Author Archives: Lekan Olofinji

Understanding The Commercial Property Market In Nigeria

commercial property market

According to Wiki, the term commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital or rental income. Rental value is a key parameter for measuring real property performance. It is also a major cost for tenants and an important source of income for the landlord. ...

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Why your home isn’t selling

Why your home isn't selling

Some persons can’t seem to understand why their home is not selling. Many have had their home on the market for months without a showing. Some home sellers have had dozens of buyer previews but not one purchase offer. In buyer’s markets, it is especially important to pull out all the stops and make your home stand out among the sea of inventory ...

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Ten things to consider when building your dream home

building your dream home

For an average man building a  befitting house – some place you can call home, is definitely a dream come true. A home of your own is arguably the biggest asset man can have. This article states 10 things you ought to consider when building your dream home It’s every sane man’s desire to find a worthy place to call ...

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Estate surveyors seek self- regulation, lament negative perception

estate surveyors

To promote good professional standards and provide consumers, accessible and effective service, Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) has tasked Estate Surveyors and Valuers (ESV) to adopt self-regulatory approach in their practice. Chairman of Professional Practice Committee (PPC) and member of ESVARBON, Victor Alonge said the adoption of such approach will enhance the reputation of members. Speaking ...

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Edo agency to re-certify estate residents, begin rent recovery

rent recovery

The Edo Development and Property Authority (EDPA) will from ending of this month embark on re-certification and rent recovery exercise of residents in its estates across the state. In a statement, the Executive Chairman, EDPA, Isoken Omo, said the exercise, which is expected to last for eight weeks, will target homeowners and estate residents. The affected estates according to him ...

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“Estate surveyors should be engaged to address Nigeria’s land data challenge”

land data

The practice of estate surveying and valuation in Nigeria has been bedeviled with several challenges leading to negative public perception. In this interview, the second vice president of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) and the principal partner of Portharcourt based Emma Wike & Partners Emma Okas Wike, gives an insight on what the board is doing ...

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Developing Diaspora cities in Nigeria: no place like home

diaspora cities

With one of the largest Diasporas in the world, Nigeria is trying to charm its citizens overseas to invest into the country’s property market through the Nigerians in Diaspora Housing Programme (NIDHOP), through which ‘Diaspora cities’ will be created across the country. The Nigerian Diaspora totals 15 million around the world, according to Abike Dabiri-Erewa, Senior Special Assistant to the ...

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Apapa holds summit to address traffic congestion

Apapa Local government

Following the unending traffic congestion that has paralysed economic activities in the Apapa area of Lagos, a move has been initiated to address the ugly development as the first ever Apapa Economic Summit opens today at Rockview Hotel, Apapa. According to Hon. Owolabi Ekijah Adele, Executive Chairman, Apapa Local Government, the summit which ends tomorrow is organized in partnership with ...

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Mainagate: AGF claims pension fraud syndicate after his life

Mainagate

THE Attorney-General of the Federation and Minister of Justice, Abubakar Malami, currently facing scrutiny from the Senate for allegedly spearheading the recall of wanted pension fraud suspect, Abdulrasheed Maina, yesterday, raised the alarm that masterminds of the multi-billion pension fraud and their beneficiaries were behind the ferocious media onslaught against him and his office. Malami told Vanguard that he was ...

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