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PenCom issues guidelines on withdrawals from retirement account for mortgage payment


The National Pension Commission (PenCom) has announced guidelines on withdrawals from Retirement Saving Accounts (RSA) for residential mortgage payment. These guidelines are contained in a document issued by the PenCom last week. In the 2014 Pension Reform Act, the commission had made provision for  Retirement Saving Accounts (RSA) holders to access part of their pension contribution for mortgaged financing. “Section ...

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Impacts of FMBN on Housing Delivery in Adamawa State – Gimba Ya’uKumo

Housing Delivery in Adamawa State

Gimba Ya’uKumo I had the privilege of being the guest speaker during the ground-breaking ceremony for the Bindow Housing Estate, Yola, on 19th August, 2015. The ceremony flagged off the programme of His Excellency, Senator Muhammad Bindow Jibrilla, Governor of Adamawa State, for improving housing delivery in the State. I would like to congratulate him and the people of Adamawa ...

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Osibanjo floors Buhari in Real Estate value; declares assets

Osibanjo's real estate value

The vice president of the federal republic of Nigeria, Yemi Osibanjo, just alongside President Muhammadu Buhari made public details of his assets, Thursday, which had been declared to the Code of Conduct Bureau. Unlike the president, Vice president Osibanjo’s declaration shows more real estate assets in highbrow areas of the country. According to a statement by the President’s Senior Special ...

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Buhari declares assets: Mud house, 270 cattles, N30m, others

Buhari declares assets

President Muhammadu Buhari and Vice President Yemi Osinbajo yesterday made public details of their assets, which had been declared to the Code of Conduct Bureau. According to a statement by the President’s Senior Special Assistant, Media and Publicity, Garba Shehu, the President has about N30m in his only bank account with the Union Bank Plc Shehu’s statement said the President ...

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A luxury real estate lover & mysterious billionaire, Deinde Fernandez, dies at 79

luxury real estate lover

Antonio Oladeinde Fernandez, billionaire business magnate, diplomat, mining tycoon, Permanent Representative of Central African Republic to the United Nations, is dead. Deinde Fernandez, as he was popularly known, died on Tuesday in a private hospital in Belgium. Born in Lagos in 1936 to one of the first European migrants to the city, Mr. Fernadez grew up to become one of ...

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AMCON Seizes G. Cappa Property Over N1.2 Billion Debt

G. Cappa Property

The Asset Management Corporation of Nigeria (AMCON) has taken over a property located at 8 Taylor Road in Ebute Metta, Lagos and owned by G. Cappa, a Nigerian construction company. The seizure of the property arose from the construction company’s alleged failure to pay a debt of more than N1.2 billion. Justice Chukwujekwu Aneke of the Federal High Court in ...

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This Is ‘Not’ Aliko Dangote’s House

Aliko Dangote’s House

The original story sourced from a website called African Cradle claiming to have been giving exclusive access into Dangote’s Abuja house which he plans to sell went viral yesterday and was spread through various blogs A little investigation by 360nobs showed that this is a blatant lie and those pictures are not of Dangote’s house. A Google Image search showed that most ...

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“Ikoyi House is not Pa Fashina’s Property” – Lagos state

Pa Fashina’s Property

The Lagos State Government said it has rights over a property in Ikoyi that the family of Pa Kayode Fashina claims it owns. The late Pa Fashina’s daughter, Mrs. Olubunkola Ajibike Osomo had accused the Lagos State Government of trying to take possession of her father’s house on the Lagoon waterfront known as Plot 439 Karimu Giwa Street, Ikoyi, contrary ...

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FG Moves to Reduce Cost of Housing Delivery by 30%

Reduce Cost of Housing Delivery by 30%

The Permanent Secretary, Ministry of Lands, Housing and Urban Development, Mr. George Ossi, on Monday said government is developing a blueprint to reduce cost of housing delivery by 30%. The disclosure was contained in a statement, signed by the Ministry’s Director of Public Affairs, Mr. Ajibola Adedeji, in Abuja. Ossi in the statement, averred that government will intervene through the provision ...

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