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Tag Archives: Ikoyi

EFCC instructs court to finally forfeit Ikoyi properties

EFCC instructs court to finally forfeit Ikoyi properties

Justice Saliu Saidu of a Federal High Court in Lagos, has fixed January 19, 2018 to entertain and rule on a motion filed by EFCC before the final forfeiture to the Federal Government of Flat 7B, Osborne Towers, Ikoyi, Lagos. The anti-graft agency said that the wife of the sacked Director-General of the Nigeria Intelligence Agency, ( NIA )Folashade Oke, as the ...

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EFCC Nabs Real Estate Agent involved in Diezani London Property Acquisition Fraud

Real Estate Agent

The Economic and Financial Crimes Commission (EFCC) has arrested Mr Adeyemi Edun, the real estate agent who helped former Minister of Petroleum Resources, Diezani Alison-Madueke acquire prime properties in the United Kingdom. Edun is believed to have assisted Diezani acquire luxury properties worth millions of pounds. The suspected was reportedly nabbed by the anti-graft body on Wednesday, just after he ...

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Court orders temporary forfeiture of ‘Diezani’s $4.760m property’

$4.760m property

THE Federal High Court in Lagos yesterday ordered the temporary forfeiture of two penthouses valued at $4.760 million, which allegedly belong to former Petroleum Resources Minister Mrs. Diezani Alison-Madueke. The properties are: Penthouse 21, Building 5, Block C, 11th floor (Bella Vista Estate) Banana Island, Ikoyi, and Penthouse 22, Block B (Admiralty Estate) also in Ikoyi, Lagos. Justice Mojisola Olatoregun ...

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Bad Market – Episode 19

Bad Market - Episode 10

Mr. Shina was held spell bound by the new challenges that confronted him in the residential rental property that was placed under his auspices. He tried hard to manage the situation but there was little he could do to stop the ensuing fracas. ::::::::::::::::::Read Previous Episodes here::::::::::::: Asides the two ladies that were at loggerheads over the rights to tenancy ...

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Bad Market – Episode 15

Bad Market - Episode 12

It was a sweet relief when Dr. Sokari informed me that dad would be discharged soon. He had spent almost a month at the military hospital in Ikoyi but it felt like a year. My family was literally falling apart as a result of his long-absence and there was virtually little I could do to salvage the situation. :::::::::::::::::::::::Read Previous ...

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Governments urged to give tax incentives to increase housing supply

increasing housing supply

“Governments at federal and state levels have been urged to give tax incentives, such as a holiday, for cooperative societies investing in real estate to enable them increase housing supply and ultimately drag down house prices for buyers, especially the low income earners.”- Business Day Meckson Innocent Okoro, an estate surveyor and valuer, who made this call recently, also urged ...

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Landed property prices in Lekki is rising fast

Family petitions Amosun over forceful eviction by a land grabber

“For reasons bordering on improved infrastructure and the crimpling impact of economic downturn which has compelled some individuals, families and corporate institutions to downgrade and change locations, Landed property prices in Lekki is the fastest rising among the prime island locations in Lagos.”- Business Day But land prices in Banana Island which is the most expensive neighbourhood in Lagos and ...

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How Lagos Can Be Saved From Flood Disasters

Nigeria Centre for Disease Control (NCDC)

The issue of flooding has worsened considerably in Lagos in recent times to the extent that a man was spotted paddling his canoe on the popular Ahmadu Bello way in Victoria Island only last month. In this article, we look at possible ways Lagos flood disasters can be avoided. Following the flood than overran the Island and Lekki area of ...

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Ex-Surveyor-General blames massive Lagos flooding on sand filling lagoon

Lagos flooding

“Former Surveyor-General of the Federation Prof. Peter Nwilo has blamed the massive Lagos flooding on the construction and sand-filling works around the Lagoon and waterfronts in the state.”- PM News To stop the incessant flooding of Victoria Island, Lekki, Ikoyi and adjoining areas, Nwilo urged the Lagos State Government to stop construction and all sand filling works around Lagoon and ...

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Lagos flood: power outage announced, assessment and the way forward

flood control

According to Premium Times, the management of Eko Electricity Distribution Company, EKEDC, on Sunday announced that there would be power outage in Ikoyi, Victoria Island and its environs as the company’s injection substations and equipment submerged in the Lagos  flood. Godwin Idemudia, General Manager, Corporate Communications, EKEDC, told the News Agency of Nigeria in Lagos that the company was having ...

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