A property developer, Lukman Adewole, was on Wednesday charged before an Ikeja Magistrates’ Court, Lagos, for allegedly defrauding 229 accommodation seekers. Adewole, 51, who resides at No.1 Okerinde Street, Baruwa Ipaja, Lagos, was arraigned on 229-count charges bordering on conspiracy, obtaining under false pretext and stealing. The Prosecutor, Insp. Abraham Fadipe, told the court that the accused committed the offences ...

Anambra State Governor, Willie Obiano, has appealed to the European Union (EU) Delegation Ambassador to the Federal Republic of Nigeria and to the Economic Community of West African State (ECOWAS), Michel Arrion, to bring intervention programmes to the state in the areas of flood, power and girl child education. The appeal was made during the visit of the Ambassador to ...

The Ogun State government, has issued the certificate of occupancy to another 1,500 beneficiaries of the Homeowners Charter designed by the government to allow residents and homeowners to ratify their building approval and title At a ceremony held at the arcade ground of the Governor’s Office in Abeokuta, the state  capital, the Deputy Governor, Mrs. Yetunde Onanuga, while representing the governor at the ...

Mr. Femi Oluwalose Showunmi is the Chairman and CEO of Phemy Showunmi and company Limited, a real estate marketing, consultancy, development and construction firm. Showunmi is a mathematics graduate of Ambrose Ali University, a School of Estate graduate and a member of Association of Estate Agents in Nigeria (AEAN) which is being midwifed by Nigeria Institution of Estate Surveyors and ...

Carlyle Group LP raised $4.2 billion for its seventh U.S. real estate fund, meeting the top end of its target range, in preparation for more property purchases at a time when prices are at record levels. The firm will expand investments in apartment buildings, along with its other areas of focus: warehouses, offices and retail properties in major markets, said ...

Pharmaceutical billionaire Cyrus Poonawalla has bought a former maharaja’s mansion in Mumbai from the US government for around 7.5bn rupees (£73m), making it the most expensive ever residential purchase in the country. The 50,000 sq ft seaside mansion was used as the US consulate from 1957, and later renamed Lincoln House. It was put on the market four years ago, ...

While much has been done to crush the misconception, many still believe that to be a successful real estate investor, you must either have a lot of money or find some one-in-a-million opportunity. That is plainly not true and while it may certainly turn out that making money through investing comes easier as wealth increases, all wealth has to start ...

The two-storey Islamic School structure that collapsed in Jos on Sunday was originally a bugalow that was “forcefully” converted, the National Emergency Management Agency has said. “The foundation and all the materials were for a small bungalow, but the building structure was suddenly converted into a two-storey structure, forcing it to cave in as the foundation materials could not cope ...

In 2001, the Lagos State Government promulgated the Land Use Charge law in response to the increasing demand for provision of urban and rural infrastructures occasioned by dwindling federal revenue allocations. 14 years later the land use charge law is still not widely accepted. Majority of Lagosians don’t even see the justification or the rationale for its promulgation, a lot ...

Against the backdrop of the widening housing deficit in the country resulting from unfriendly policies, the need for governments at the federal and state level to see the issue of housing as a matter of concern and priority has been stressed. The Group Managing Director and Chief Executive Officer of Le’Venue Property Co. Ltd, Mr. Jemine Adollo, who spoke to ...