Real Estate News

The Federal Capital Territory (FCT), High Court, Jabi, Abuja has revoked the bail it granted Abuja based property developer, Joseph Idoko, and ordered that he be remanded in the custody of the Economic and Financial Crimes Commission, EFCC for arriving the court late. Idoko is facing a five count-charge bordering on conspiracy, forgery and criminal breach of trust, having allegedly ...

A man, yet-to-be-identified, was trapped under rubble as a three-storey building under construction collapsed in Ago Palace Way axis of Lagos State on Friday. The Director-General of Lagos State Emergency Management Agency (LASEMA), Dr. Oluwafemi Oke-Osanyintolu, who confirmed this, noted that emergency officials were already at the scene and making efforts to rescue the trapped person. Oke-Osanyintolu, however, gave an ...

Chairman of UBA Group, Tony O. Elumelu, has donated a multipurpose Information Technology Center to his alma mater, Ambrose Ali University. Through the UBA Foundation, the corporate social responsibility arm of the United Bank for Africa Plc (UBA), Elumelu has championed the construction of a state-of-the-art multipurpose information technology building, which will benefit the students of Ambrose Alli University in Ekpoma, ...

The Nigerian Ports Authority has raised the alarm, that residents of Apapa are turning their properties into private jetties and terminals where they berth barges and evacuate cargoes. Managing Director of the NPA, Hadiza Bala-Usman, who raised the alarm at a stakeholders’ meeting organised by the Nigerian Shippers’ Council in Lagos recently, said that the agency had done its investigations, ...

The Lagos State Government has urged residents to test materials before embarking on any construction work to reduce the spate of building collapse in the state. A statement on Wednesday said the acting General Manager of the Lagos State Materials Testing Laboratory, Olalekan Ajani, spoke during a meeting with officials of the Lagos State Emergency Management Agency. Ajani, according to ...

Shelter plays a critical role in human existence, without which peaceful co-existence would be dreadful. Irrespective of its intrinsic value, Nigeria is challenged with population growth, a situation that had increased squatter and slum settlements across major cities in the country. With an annual population growth rate of 3.5 percent, Nigeria needs additional one million housing units annually to reduce ...

Gov. Simon Lalong of Plateau has said the construction of watchtower in the state would strengthen its security architecture and ensure efficient early response to crisis. The governor disclosed this on Sunday in a statement in Jos by his Director of Press and Public Affairs, Dr. Makut Macham. He commended the quality of the project(construction of watchtower) at Dutse Uku ...

Vice President Yemi Osinbajo on Monday is in Kano State, northwest Nigeria on a one-day official visit to commission some major infrastructure projects. Osinbajo who arrived at the VIP Wing of the Malam Aminu Kano International Airport was received by the state governor, Abdullahi Ganduje, his Deputy, Nasiru Gawuna and senior government officials. The Vice President will use the occasion ...

The Lagos State Government will soon inaugurate 360 more housing units in its efforts to tackle the challenge of housing deficit in the state. The Commissioner for Housing, Mr. Moruf Akinderu-Fatai made this known yesterday during a visit to the Lagos Homs, Igbogbo Scheme 11b in Ikorodu Local Government Area. He said: “Lagos is adding 360 more homes to the ...

Lagos State government said it has targeted a total of N73.836bn monthly as Internally Generated Revenue (IGR) in 2020 as part of the funding for the year’s budget which stands at N1.168trn. The total revenue the state expects to generate for the year to fund the budget tagged: ‘Budget of Awakening’ is N886.041bn, with other revenue projections, including capital receipts ...