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Tag Archives: Federal housing Authority

“Release my seized property”, Businessman begs EFCC

Businessman

Ikeja – Following his acquittal of fraud charges, a businessman, Mr. Alex Ikpeme, has asked the Economic and Financial Crimes Commission (EFCC) to unfreeze his bank accounts and release his seized property. Ikpeme acquitted of a six-count charge bordering on stealing and making false statements to officials of the EFCC. The News Agency of Nigeria (NAN) reports that the judgment ...

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REDAN honours FMBN, others for housing development

REDAN

The Real Estate Development Association of Nigeria (REDAN) has honoured its pioneer president, Dr Lateef Jakande; Federal Mortgage Bank of Nigeria (FMBN) and former board chairman of FMBN, Prof. Akin Mabogunje for their meritorious contributions towards the growth and development of the housing sector. REDAN is the umbrella body of the organised private and public sector responsible for housing development ...

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Developing Diaspora cities in Nigeria: no place like home

diaspora cities

With one of the largest Diasporas in the world, Nigeria is trying to charm its citizens overseas to invest into the country’s property market through the Nigerians in Diaspora Housing Programme (NIDHOP), through which ‘Diaspora cities’ will be created across the country. The Nigerian Diaspora totals 15 million around the world, according to Abike Dabiri-Erewa, Senior Special Assistant to the ...

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FESTAC Property Development Company Limited and FHA collaborate

FESTAC Property Development Company Limited

“The New FESTAC Property Development Company Limited (NFPDCL), in conjunction with the Federal Housing Authority (FHA), Southwest Zone, have partnered to develop the FASTAC Phase 2 Project in FESTAC Town, Lagos.”- The Nation The firm’s Executive Vice Chairman, Sir Isaac Chuks, said the FESTAC Phase 2 project has a land mass of 1,126 hectares, which was part of the 2, ...

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Only 3% of workers benefitted from National Housing Fund

National Housing Fund

“After 30 years of operating the National Housing Fund (NHF), only three percent of Nigerian workers has benefited from it, New Telegraph has learnt.”- Ripples Nigeria According to the Managing Director, Federal Housing Authority (FHA), Professor Mohammed Al-Amin, majority of federal and state governments’ staff who subscribed to NHF have not been able to access the fund to actualize their ...

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FESTAC Phase 2 housing project to generate 4 million jobs for Nigerians

FESTAC Phase 2 housing project

Nigerian Tribune reports that the Federal Housing Authority (FHA) has revealed that all feuds delaying the full kickoff of the FESTAC Phase 2 housing project have been resolved, saying the imminent commencement of the project is expected to created nothing less than four million jobs for Nigerian youths and professionals in the formal and informal sectors. This was disclosed recently ...

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Ray of hope for prospective land allotees under Federal Housing Authority

Federal Housing Authority

“There is a ray of hope for prospective land allotees and concessionaire under the Federal Housing Authority (FHA) FESTAC Town Phase II project, following Appeal Court ruling in favour of FHA on the 1,000 hectares property.” – The Guardian The authority and the Amuwo community have been in a running legal battle on whether due diligence was followed on the Land acquisition ...

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Comprehensive review of the laws governing mortgages has become imperative

Comprehensive review of the laws governing mortgages has become imperative

“The Speaker of the House of Representatives, Hon. Yakubu Dogara, has expressed concerns over  17 million housing deficits in the country, stating that a comprehensive review of the laws governing mortgages has become imperative.”- Pulse The Speaker who made the remarks  on Monday, July 17, 2017, in Abuja, when he declared open the 11th Abuja Housing Show, disclosed that the legislature ...

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Special committee says Ikoyi, Banana Island, FESTAC Belong To Lagos Government

Special committee says Ikoyi, Banana Island, FESTAC Belong To Lagos Government

“The Special Committee set up by Governor Akinwunmi Ambode of Lagos to look into Federal Government Assets in the state submitted its report on Tuesday, coming up with a verdict that Ikoyi, Banana Island, FESTAC and other federal government assets in the state actually belonged to the Lagos State Government.”- PM News The committee, headed by elder Statesman and former ...

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Fashola: Construction of 2,000 Houses in 33 States for Average Nigerians Almost Complete

Nigeria’s electricity reform law

“Babatunde Raji Fashola, the minister of housing, power and works has disclosed that the federal government is doing all in its power to provide affordable housing to Nigerians. Speaking on Sunrise Daily, a program on Channels TV, he said the ministry is currently constructing about 2,000 pilot scheme Housing Units in 33 States. According to him, beneficiaries of the houses ...

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