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Real Estate

EFCC recovers 12 landed properties, $115 million and N2.4billion from Amosu


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 ...

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FMBN warns mortgage bankers against delay in disbursement of funds


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 ...

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Ekweremadu fights dirty with APC over property forfeiture suit

property forfeiture

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 ...

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REDAN identifies cause of casualties in real estate business


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 ...

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Processing building approval will only take 28 days – LASG

Building approval

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 ...

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False claims on ground rent is a punishable offence- Delta Govt.

ground rent

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 ...

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Protesters shut down Abuja airport road over market demolition

Airport road

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 ...

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Ikorodu residents complain bitterly over bad roads


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 ...

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Abia State governor announces completion of 60 roads

Abia State

Abia State Governor, Dr Okezie Ikpeazu, said his administration had constructed 60 roads across the state since inauguration in 2015. Ikpeazu stated this at the News Agency of Nigeria (NAN) Forum in Abuja, and said that the roads comprised rural, intra-state and inter-state routes. He said the roads, especially those in the rural areas, were constructed to make life better ...

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