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Monthly Archives: August 2015

FHA partnering with state govt. towards rent-to-own housing scheme implementation

Rent-to-own housing scheme

No fewer than 50,000 members of 800 co-operative societies have indicated interest in the Social and Co-operative housing programme of the Federal Housing Authority (FHA). Similarly, FHA is working with State governments towards the implementation of a rent-to-own housing scheme, which would convert rents paid by tenants for the eventual ownership of such houses. The Managing Director/Chief Executive of the ...

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Top 5 Naija Celebrities with the best mansions in Lasgidi

He who invests in properties does a good thing. However he who buys or builds a house in his own country is blessed beyond measures as long as his hands are clean. In an era where the acquisition of state-of-the-art properties by our politicians is being questioned by higher authorities, same can’t be said about our celebrities or entertainers who ...

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Ondo commences design of dualisation of Ikare Township road

Ondo road dualisation

Ondo state government announced last week that the design for dualisation of Ikare Township road has commenced in earnest, while contractors, recently jump-started a 2.5-kilometers of road within the Igbokoda Township as part of its urban renewal programme. Government officials said necessary earthwork on the Igbokoda Township project has reached advanced stage while the entire work done was about 41per ...

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Britain’s first million pound ‘affordable’ housing property goes on sale

Britain housing property

Britain’s first £1million ‘affordable’ housing property has gone on the market but its prospective buyer will need to earn £82,000-a-year to cover the cost. The three-bedroom flat in Hackney, east London, has come under fire from housing charities after being valued at £1,025,000 with would-be homeowners offered a 25 per cent stake in the property. It means that if prospective ...

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Canadian consumer confidence rises on real estate optimism

Real estate optimism

Optimism that Canadian home prices haven’t hit their peak and the economy has better days ahead drove consumer sentiment to the biggest weekly gain in more than a year, weekly telephone polling shows. The Bloomberg Nanos Canadian Confidence Index climbed to 53.2 in the week ending Aug. 21, up from 52.2 in the prior survey, the biggest increase since May ...

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Nigeria’s graft fighting commission accused of diverting $15 billion in recovered assets

The chairman of Nigeria’s corruption-fighting Economic and Financial Crimes Commission is appearing before the Senate to answer accusations that he diverted billions of dollars. Ibrahim Lamorde is responding to allegations that he and other commission officers diverted 1 trillion naira (about $15 billion) in recovered assets with the collusion of banks and real estate agents. A commission statement Tuesday said ...

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Before you Purchase that Lagos Property – 2

THE ACQUISITION/PURCHASE TRANSACTION PROPER This is the second topic in the series – Before you purchase that Lagos property Last week we talked about the legal framework preceding the acquisition of land in Nigeria with reference to Lagos. This week we will be looking at the processes involved in the purchase and acquisition of such property. Now, where the Purchaser’s ...

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Top 10 Places the living should not visit

WARNING!!! The content of this article is no where close to being pleasant. Readers are strongly advised not to read during or after bedtime. Do you know there are some places in the world that would give you cold feet if you wander there? Places where people and even animals go to meet their end. There is even a place ...

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Nigeria’s MDG Office Constructs One Borehole with N154 Million

Reports have revealed how Nigeria’s Millennium Development Goals (MDG) used a shocking amount of  N154.2 million to construct a single borehole in Abuja. According to Premium Times, the MDG spent a whooping N154.2 million on drilling just a single borehole which one can averagely do for N1.5 million in Abuja. A hydrology firm who talked to Premium Times made it known that that ...

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