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Real Estate

Community sues RCCG, Adeboye over land dispute

Land dispute

Some residents of a community in Ogun State have dragged the Redeemed Christian Church of God, RCCG, its General Overseer, Enoch Adeboye, and 14 others to court for alleged encroachment on a piece of land. The plaintiffs claim that the land, located in Ilara Village, Sagamu Local Government Area of Ogun State, belongs to them. Through their counsel, Kayode Akinsola, ...

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Communities tangle over ownership of prison

Ekwulobia prison

Inter communal clash is currently looming in Aguata Local Government Area of Anambra State following fresh dispute between Ekwulobia Community and Ezinifite Community over the ownership of the land upon which the prison housing Boko Haram suspects are kept. Just two months after the dreaded Boko Haram prisoners were transferred to the prison, popularly known as Ekwulobia prison, the Ezinifite ...

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Lagos terminates N50m shopping complex lease to AfriLand properties

Lagos State Development and Property Corporation

Lagos State Governor Akinwunmi Ambode yesterday terminated the concession granted by the Lagos State Development and Property Corporation (LSDPC) to Afriland Properties for the redevelopment of the Falomo Shopping Centre in Ikoyi. The Governor said the decision was carried out based on a recent discovery that the concession was grossly detrimental to the interests of the people. According to him, ...

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The BROUHAHA of OGA MARTINS 2.0 | Chapter 6

Martins hated to stroll into Ajegunle at night; the place sends shivers down his spine. Again the traffic congestion that besieged major roads in Lagos was a hurdle he had to painfully and constantly cross even after a long and stressful day at work. Martins dreaded the thought of going back home after a long’s day’s job not because the ...

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Canadian pension fund manager invests in Malaysian real estate

Malaysian real estate

Canada Pension Plan Investment Board, the largest pension fund manager in Canada and one of its most active dealmakers, said on Tuesday it has invested C$170 million ($130 million) in a Malaysian real estate joint venture, marking its first direct real estate investment in Southeast Asia. Toronto-based CPPIB said along with the Pavilion Group it has formed a venture to ...

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Ex Govt. officials secretly return government property in fear of Buhari

government property

Government officials who served under the administration of former President, Goodluck Jonathan are already heeding the recent directive by President Muhammadu Buhari for them to return some of the government property they took with them as they left office, Leadership reports. It was learnt yesterday that government officials whose families are still occupying government buildings are said to have started ...

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Raleigh real estate developer sentenced to prison

Real estate developer

United States – A Raleigh real estate developer has been sentenced to 30 months in prison and must forfeit nine properties in the Triangle – all for his part in an alleged bank fraud scheme. Howard Goldsmith, 41, was charged with conspiracy to commit wire and bank fraud after the feds say he and his conspirators carried out a fraud ...

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Top 10 World’s Most Dangerous Buildings

Top 10 world's most dangerous buildings

Do you know that there are structures that are specifically erected to evoke fear or portend danger? Structures that should only be a figment of our imagination, and not a real place of abode, visitation or gathering of humans… Seeing such structures from a distance, you may want to think danger lurks just around the corner. Let me attempt to ...

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The odds against foreign real estate investments in Nigeria

Foreign real estate investments

The Real estate sector in Nigeria is besieged by a number of foreign investors who continue to explore the goldmine inherent despite the obvious challenges. It is no longer news that Real estate which serves as a vital tool to human sustenance and development thrives on investments. Hence, the civilization of Nigeria’s rapid growing population coupled with her economic prosperity, ...

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