Real Estate

“Giant Tyre Manufacturing Company DN Tyre and Rubber Plc, formerly Dunlop Nigeria Plc, has instituted a $14.6million suit on a commercial bank, a church and five others over alleged illegal acquisition of land.”- Vanguard The claimant, the owner of 20.22 acres of land at plot 23, Oba Akran Avenue, Ikeja in the suit before a Lagos High Court, is alleging ...

“The Lagos State Government is brainstorming with stakeholders in the business environment to harmonise tax collection system in a bid to nip multiple taxation in the bud.”- PM News Issues, such as multiplicity of taxes, rates, illegal levies, harassment of citizens by revenue officers, especially by local governments, among others were brought to the front burner for discuss. Commissioner for ...

According to PM News, the Lagos State Government is partnering with the Singapore Government in public housing development in a bid to bridge the housing deficit in the state which stood at three million. Officials from the Singapore Government, led by Dr. Koh Poh Koon, Senior Minister of Trade and Industry, Ministry of National Development, paid a visit to the ...

“As the Land Use Act bill which sought to alter the 1999 Constitution for it to be expunged from the Constitution so that it could be subject to regular process of review and amendment suffered defeat in the upper legislative chamber last week, built environment professionals have condemned the action of the senators to reject the bill.”- Vanguard Describing the ...

“A time when public confidence in many government institutions is probably at its lowest ebb, one institution that stands out for its commitment to service is the Federal Mortgage Bank of Nigeria (FMBN).”- Leadership Set up since 1956 when it was known as the Nigerian Building Society, the bank has continued to deliver on its mandate of supplying the mortgage ...

The Guardian reports that major shifts may soon be introduced into the Lagos government’s road projects with the bidding of AG-Dangote Construction Limited proposing the use of concrete in the 181 local councils road contracts. The firm is among the 1,000 building and civil engineering contractors jostling for the contracts in Lagos. At least two roads are selected from the 20 ...

“To check several litigations occasioned by quackery in the State, Akwa Ibom State Government has called on the State chapter of Nigerian Institution of Surveyors (NIS) to submit list of all licensed surveyors to it.”- The Guardian The State’s Commissioner of Housing and Special duties, Prince, Enobong Uwah, made the call when officials of the institute led by its chairman, ...

“To bridge the demand-supply gap in affordable housing in the country, stakeholders in the construction and financing sectors have advocated value-chain funding for affordable housing projects as an innovative means of tackling the challenge.”- The GuardianAccording to the operators, there are many houses unoccupied in many areas in the country but affordability remains a concern to people in need of ...

According to Premium Times, a former footballer, John Fashanu, is reportedly involved in a multi-million-naira land fraud scandal; a development that has seen him spend two days in an Abuja Prison. Reports claim Fashanu was arrested at his home in Sun City Estate, in the Federal Capital Territory and taken into custody on suspicion of “criminal conspiracy.” As reported in ...

“The last is yet to be heard of the impact of recession in the country as financial institutions, especially commercial banks have begun to sell their idle landed property in major urban centres to cushion the liquidity shortage in the sector. The Guardian learnt that some of the banks engaged in mergers and acquisitions with Assets Management Corporation of Nigeria (AMCON) ...