Real Estate News

The Speaker of the House of Representatives, Honourable Yakubu Dogara on Tuesday stated that the Bill to amend the Federal Government Housing Loan Board to administer housing loan scheme to public sector workers would bring succour to public servants by bridging the housing deficit and increasing productivity in the public sector. Dogara stated this in Abuja while declaring open a ...

A prosecution witness, Tosin Owobo, an investigator with the Economic and Financial Crimes Commission, EFCC, on Tuesday told Justice M.B. Idris of the Federal High Court, Ikoyi, Lagos that N2.4 billion, $115 million, 12 properties and bullet-proof cars were recovered from a former Chief of Air Staff, Air Marshal Adeola Amosu (rtd.). Mr Amosu is standing trial alongside two serving ...

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Arch. Ahmed Musa Dangiwa, has warned the Mortgage Bankers’ Association of Nigeria (MBAN) to stop delaying the disbursement of funds to developers. Dangiwa, who gave the warning at a tripartite meeting between the Federal Mortgage Bank of Nigeria (FMBN), Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of ...

A Real Estate Developer, Architect Bello Moruf, has advocated the use of local materials in the built environment in order to reduce the high cost of building houses in the country. With just two bags of cement you can assemble a building. Moruf made a case for the adoption of brick building, which he said, is very cheap and less ...

Deputy Senate President, Ike Ekweremadu, has asked his teeming supporters not to panic over the property forfeiture suit filed against him by the All Progressives Congress-led government, the Special Presidential Investigation Panel for Recovery of Public Property, describing it as a kangaroo panel. Ekweremadu said the anti-graft panel is being used by the current administration to harass and intimidate the ...

Real Estate Developers Association of Nigeria (REDAN) has identified undefined and uncharted leap of faith operating environment as the cause of casualties in the estate business. The President, Rev. Ugochukwu Chime made this disclosure during his acceptance speech and investiture as the president of the 5th REDAN National Executive Council 2018-2020 in Abuja. Starting that the many casualties is impossible ...

In a move to improve the state’s ease of doing business, the Lagos State Government has pegged the period within which building approval can be processed to 28 days, saying it has waved title documents as a condition for obtaining approval. The state government has also issued a six-month notice to enable all property owners, who have built without approval ...

The Delta State Task Force on ground rent has expressed concern over alleged attempt by some property owners to falsify claims of payment of ground rent. It warns that it is a chargeable crime that could land the culprits in prison. The Task force described the allegation as regrettable, warning the act was not only a disservice to the progress ...

Movement in and out of Abuja through the popular and ever busy Airport Road has been shut down for hours now by a heavy protest that engulfed the Gosa Market area of Airport Road. Movement through the airport road, central area and some satellite towns of Abuja is currently on stand-still. The youths including women are protesting the demolition of ...

Lagos communities along Agura-Gberigbe road in Ikorodu area of the state, which include Agura, Gberigbe, Igbodu, Ewu-Owa, Mowo-nla, Oke-Agbo, Oko-ito, among others have lamented the bad state of their roads, with residents experiencing restriction of movement when the roads become impassable, especially whenever it rains. Chairman of the community, Pastor Taiwo Kayode, lamented that children can not go to schools ...