Musa Shehu, President, Road Transport Employers Association of Nigeria (RTEAN), said on Monday that a Nigerian investor had purchased land worth N1billion to develop a housing estate in the FCT for members. Shehu said that the estate was necessary to ease accommodation challenges in the federal capital. He said that the investor would build 2,800 houses for members of the ...

Controversy is brewing over the purported plan by certain persons and New Town Development Authority (NTDA) officials to illegally acquire land in Lekki Phase II, which the indigenes of Moba in Lekki Peninsula alleged belong to the community. The community has already urged Governor Akinwunmi Ambode, to wade into the matter through a petition signed by the Counsel to the community, Mabokunrinje Adewale Sanni, of ...

LAND MATTERS – An administrator of the properties of the late Pa Kayode Fashina, a philanthropist, is concerned that the Lagos State Government is surreptitiously trying to grab their property in Ikoyi, despite ruling by a Federal High Court that Lagos should back off, Bennett Oghifo reports Last week, Governor Akinwumi Ambode inspected the property on Plot 439 Karimu Giwa ...

Government officials who served under the administration of former President, Goodluck Jonathan are already heeding the recent directive by President Muhammadu Buhari for them to return some of the government property they took with them as they left office, Leadership reports. It was learnt yesterday that government officials whose families are still occupying government buildings are said to have started ...

United States – A Raleigh real estate developer has been sentenced to 30 months in prison and must forfeit nine properties in the Triangle – all for his part in an alleged bank fraud scheme. Howard Goldsmith, 41, was charged with conspiracy to commit wire and bank fraud after the feds say he and his conspirators carried out a fraud ...

If found guilty, some officials of Lagos State Government, working with the Lagos State Urban and Renewal Agency (LASURA) and the State Building Control Agency (LASBCA) may be committed to prison over an allegation of disobeying a court in an ownership dispute of property located at number 49, Martins street, Lagos Island. But the state government has debunked the claim ...

Do you know that there are structures that are specifically erected to evoke fear or portend danger? Structures that should only be a figment of our imagination, and not a real place of abode, visitation or gathering of humans… Seeing such structures from a distance, you may want to think danger lurks just around the corner. Let me attempt to ...

Lugbe Project – An ambitious programme that will integrate Lugbe and its adjoining communities into Phase Five of the Federal Capital city is underway and the Federal Housing Authority (FHA) estate, Lugbe will be a major beneficiary. The plan is part of the efforts by the Federal Capital Development Authority (FCDA) to accommodate the inevitable expansion of the city towards ...

Federal Capital Development Authority (FCDA), Abuja and others have for the second time won a legal battle over the soul of a choice landed property, Plot 1337 Asokoro District A04, FCT, Abuja, courtesy of a Court of Appeal, Abuja. Also on the winning side with FCDA are the Minister, Federal Capital Territory (FCT) and one Mohammed Sanni. By the judgment ...

The Real estate sector in Nigeria is besieged by a number of foreign investors who continue to explore the goldmine inherent despite the obvious challenges. It is no longer news that Real estate which serves as a vital tool to human sustenance and development thrives on investments. Hence, the civilization of Nigeria’s rapid growing population coupled with her economic prosperity, ...