Home » Tag Archives: Property

Tag Archives: Property

EFCC inspects N7bn Dubai properties belonging to Diezani Alison-Madueke

Diezani Alison-Madueke

According to Punch, operatives of the Economic and Financial Crimes Commission have visited two mansions in Dubai allegedly belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke. The properties, located at E146 Emirates Hill and J5 Emirates Hill, are said to be worth 74,000,000 dirham (N7.1bn). Emirates Hill, which has been described as the Beverly Hills of the United ...

Read More »

EFCC seizes 14 pieces of property linked to former FCT minister

14 pieces of property linked to former FCT minister

“Nigeria’s foremost anti graft agency, the Economic and Financial Crimes Commissionsays it has seized 14 pieces of property linked to former FCT minister, Mallam Bala Mohammed, and his son, Shamsuddeen.”- Naija News The commission sought the interim forfeiture of the said property through a court application filed before the federal high court in Abuja, on September 11, 2017. It said the ...

Read More »

Executive Vice Chairman of Aiteo Group denies buying property for Diezani

Executive Vice Chairman of Aiteo Group

The Nation reports that the Executive Vice Chairman of Aiteo Group, Mr Benedict Peters, has debunked an online report that he bought property and luxury furnishings in England for former Petroleum Resources minister Mrs Diezani Alison-Madueke. The report claimed it was in return for contracts from the Nigerian National Petroleum Corporation (NNPC). The company, in a statement, said the publication contains ...

Read More »

Managing Director of Chief E. O. Ashamu Estate warns impostors

Managing Director of Chief E. O. Ashamu Estate

According to The Nation, the Managing Director of Chief E. O. Ashamu Estate, Mr. Babatunde Ashamu, has warned the public from transacting business with people he called “fraudulent agents” encroaching on his property. The property are located in parts of Lagos, including Oke-Afa, Eletuwashe lands, Ojomo farm land, NNPC, Akinbaye lands, Ishaga farm lands, Kushoru farm lands, Okota land Magbelesu ...

Read More »

Ibeshe community accuses ministry of illegally demolishing their properties

illegally demolishing their properties

“Residents of Opere Street in Lagoon View Estate, Ibeshe, Ikorodu have accused the Lagos State Ministry of Physical Planning and Urban Development of illegally demolishing their properties under the influence of a land grabber.”- The Nation They said they learnt that their homes were destroyed to make way for a five-star hotel on the waterfront area. 16 houses and other ...

Read More »

Investors holding back on the Nigerian property market despite opportunities

Investors holding back on the Nigerian property market despite opportunities

Despite the huge opportunities and market potential, investors are still holding back on investment in the Nigerian property market. Analysts cited the slowdown in the economy and the significant decline in consumer purchasing power as a major concern. They believed that investment in the market, has also been impacted heavily by government’s anti-corruption fight which has been enhanced by the ...

Read More »

Magodo fast becoming a destination of choice for investors and renters

Magodo

“Although, Magodo, one of the highbrow estates in Lagos has recently been making headlines for the wrong reasons, property experts and developers believe the location is fast becoming a destination of choice for investors and renters.”- The Guardian The high demand for property and renters within the estate, they said, was indicative that the estate is inhabited by upward mobile individuals, ...

Read More »

Dieziani loses another set of properties to the Federal Government

Dieziani loses another set of properties to the Federal Government

“There is no end yet to the season of forfeiture as a Federal High Court, sitting in Lagos, south west Nigeria, today, ordered temporary forfeiture of four buildings scattered across Lagos, River States, and Abuja, valued at about N2. 611, 592, 199 billion, linked to the former Minister of Petroleum, Diezani Allison-Madueke and her associates to the Federal Government of ...

Read More »

Family battles AMCON and Ecobank over mortgaged property

Family battles AMCON, Ecobank over mortgaged property

The Guardian reports that Legal battle over the soul of a landed property situate at 5, Oduduwa Street, GRA Ikeja, Lagos is raging between administrators of the estate of Late Samuel Iyiola Omotoso, and the Asset Management Corporation of Nigeria (AMCON), Ecobank, and Registrar of Titles, Lagos State. The bone of contention in the suit filed at Ikeja division of ...

Read More »