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Real Estate

Shareholders urge FG on ease of land acquisition process, fees

shareholders

In a renewed move to attract more real estate investors and encourage effective property documentation in the country, shareholders are seeking Federal Government’s intervention to ease land documentation process and fees charged on documentation. National Chairman, New Dimension Shareholders Association, NDSA, Mr. Patrick Ajudua, made the appeal at the just-concluded 12th Annual General Meeting of Infinity Trust Mortgage Bank, ITMB, ...

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Land grabbers are threat to real estate industry – Expert

land grabbers

Mr. Adeolu Ogunbanjo, Chairman, Association of Estate Agents of Nigeria (AEAN), has described the activities of land grabbers (Omo-Onile) as a major challenge affecting the development of housing and infrastructure in the country. Ogunbanjo made the observation in an interview in Lagos on Tuesday. He said the frequent demands of the land grabbers had discouraged many investors from investing in ...

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FRSC commander warns against reckless driving on roads undergoing rehabilitation

commander

Mr. Clement Oladele, the FRSC Sector Commander, Ogun Command, gave the advice in an interview on Monday in Ota, Ogun. Oladele explained that ongoing rehabilitation of roads in different parts of the country had led to increased activities of construction workers and heavy-duty trucks on those highways. He listed some of the roads undergoing rehabilitation in parts of Ogun to ...

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11 Youths die in katsina road accident

youths

The Federal Road Safety Corps (FRSC) in Katsina State has confirmed that 11 youths lost their lives in a road accident Sunday night while celebrating Sallah. Mr. Godwin Ngueku, the Katsina Sector Commander of the corps, confirmed the incident to the on Monday in Katsina. Ngueku said that the accident occurred when on a Peugeot Saloon Car carrying the youths ...

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FG deploys over N5 trillion pension funds in infrastructure

pension

Eleven years after it was created, the Federal Government and states have cornered over N5 trillion from workers’ pension contributions under the Contributory Pension Scheme for infrastructure development and other financial commitment. The amount received through investment in their various capital market instruments represents over 70 per cent of the N8 trillion pension assets currently being managed by Penson Fund ...

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FG commissions N461 million erosion control project in Taraba

erosion

The Federal Government has handed over N461 million culvert and drainage construction for erosion and flood control works to communities in Kofar Fada, Shettima and Kasuwan Yelwa areas of Taraba State. The project was executed by the Ecological Fund Office (EFO), which is domiciled in the Office of the Secretary to the Government of the Federation (OSGF). Speaking during the ...

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FEC approves 14 road contracts in different parts of the country

road contracts

The Federal Executive Council (FEC), Wednesday approved 14 road contracts for rehabilitation in different parts of the country at the cost of N185.3 billion. The Special Adviser, Media to President Muhammadu Buhari, Femi Adesina, announced this on behalf of the Minister of Power, Works and Housing, Babatunde Fashola, while briefing State House correspondents at the end of the meeting. Mr ...

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FG approves N6.5 billion for construction of ITF conference center

ITF

The Federal Executive Council on Wednesday approved N6.5 billion for the construction of phase II and the completion of the Industrial Training Fund (ITF) multi-purpose conference centre in Abuja. The Minister of Industry, Trade and Investment, Okechukwu Enelamah, stated this while addressing State House correspondents after the cabinet meeting. He said: “The importance of this is that the ITF is ...

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Kano: Properties worth N167m razed by fire, 19 lives lost

lives

Kano state fire service has disclosed that 19 persons lost their lives in different fire outbreaks across the state last month. The spokesman of the service, Alhaji Saidu Mohammed who revealed this to the media said properties worth over N167m were also consumed in the same fire outbreaks. He said 43 fire outbreaks were recorded within the month and the ...

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AMCON loses bid to take over Federal Secretariat land and property

AMCON

The Asset Management Corporation of Nigeria, (AMCON) has lost its bid to take over the land and property known as the Federal Secretariat Complex, in Ikoyi Lagos. Justice Ibrahim Buba in a judgment delivered at the Federal High Court Sitting in Lagos on Wednesday reiterated that the Federal Government of Nigeria and it’s agencies are bound to recognize an arbitral ...

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