Real Estate News

According to The Guardian, a Federal High Court in Lagos on Monday ordered permanent forfeiture of a 37.5m dollars Banana Island property in Lagos, belonging to former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to the Federal Government. Justice Chuka Obiozor, who gave the ruling, also ordered that the sums of 2.7 million dollars and N84.5 million realised as rents ...

“AGAINST the backdrop of deepening Nigeria’s mortgage market in order to improve access to quality and affordable homes in the country, Nigeria Mortgage Refinance Company NMRC, and Alpha Mead Development Company AMDC, a strategic business unit of a leading total real estate solutions company of Alpha Mead Group, have signed a Memorandum of Understanding MoU.”- Vanguard Model of Country Home ...

“For Nigerian local developers and potential investors living outside the shores of the country, opportunity is beckoning as Nigeria’s frontline real estate marketing and advisory firms, Fine & Country (WA), is perfecting plans to take Nigerian real estate market to the world through its Refined Investors Series (RIS).”- Business Day The series is a real estate thought leadership initiative hosted ...

“A Bureau de Change (BDC) operator, Ahmed Ibrahim, was yesterday arraigned before an  Ikeja Magistrates’ Court  for allegedly damaging an hotel’s property while searching for his girlfriend and her lover.”- The Nation Ibrahim, 35, of Bolaji Street, Agege, was arraigned before Mrs G.O. Anifowoshe, on a two-count charge of wilful damage of property and breach of the peace. Prosecuting Inspector ...

Business Post reports that the Council of Nigerian Institution of Estate Surveyors and Valuers has been urged to regulate values and rates of land across the country. This appeal was made by the Minister of Power, Works and Housing, Mr Babatunde Fashola, at the Ministry’s headquarters in Abuja when he received members of the Council. The delegation visited the Minister ...

Daily Post reports that the Ondo State High Court, sitting in Akure, the state capital has ordered the total closure of Ondo popular automobile market along Akure / Ilesa expressway. The court held that the State Government did not properly acquire the land before citing the auto-market on it. The automobile market was one of the gigantic projects celebrated by ...

The Guardian reports that a total of 1,104 intending pilgrims from Plateau will perform the 2017 pilgrimage to Saudi Arabia, Alhaji Dayyabu Garga, the state Amirul Hajj, has disclosed. Garga told the News Agency of Nigeria (NAN) on Friday in Jos that each of the intending pilgrim would pay N1.529 million for their airfare and other logistics. The Amirul Hajj ...

There are so many ways people dispose their household wastes. Some of the methods of household waste disposals have been detrimental to the environment. The burning of household wastes for example has been a negative factor in the environment. As little and negligent as the consequences of burning of wastes per household may be, the cumulative effect is dangerous. Findings ...

According to Premium Times, the Finance Minister, Kemi Adeosun, on Thursday gave clarifications on the Nigerian government’s plan on diaspora taxes. Mrs. Adeosun made this clarification during a Facebook LIVE video chat tagged “Tax Thursday”. While responding to questions during the tax programme monitored by PREMIUM TIMES’ correspondent, Mrs. Adeosun explained that the new tax regime isn’t meant for all ...

“Despite technological advancements, national and global economies are yet to fully realise the impact of multi-disciplinary and cross-professional approaches in tackling socio-economic challenges.” The Guardian But collaborations among various professional groups have emerged trends in global economies, a situation that has helped in mobilising surplus requirements from a unit, with a view to applying them to critical and productive sectors ...