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Yearly Archives: 2016

Nigerians Urged to Patronise World Class Property Merchants

housing demand

Nigerians have been urged to patronise property merchants who can deliver world-class building and apartments with good quality materials and a touch of Italian and Spanish finishing in a flood-free serene environment. The call was made by the Chief Operating Officer of Admiralty Homes Limited, Olaiwola Salami, while speaking on the need for the use of high quality materials in ...

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Anambra Signs MoU With Private Firm to Construct N1.5b Housing Estate

Anambra Govt. Seals 35 Buildings For Tax Evasion

Anambra State Governor, Willy Obiano, on Saturday signed a Memorandum of Understanding (MoU) with a private firm for the construction of a N1.5 billion Housing Estate in the state. Speaking after signing the document with the firm, Lake Petroleum Limited, in Amawbia, Awka South local government area of the state, the governor said the estate would be located at Government ...

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FG Won’t Accept Building Collapse –Fashola

budget on road projects

The Minister of Power, Works and Housing, Babatunde Fashola, has warned building regulatory agencies that the Federal Government will not condone collapse of buildings under its mass housing project scheduled to commence soon. Fashola said this on Thursday in Abuja at the 6th Annual Building and Construction Economic Roundtable organised by the Quantity Surveyors Registration Board of Nigeria with the ...

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Kano Govt. Pays N460m Accommodation Subsidy For 2016 Hajj Pilgrims

Kano multi-billion naira mega cities

The Kano State Government said it has paid N460 million accommodation subsidy for its 5,600 Hajj pilgrims to Saudi Arabia in 2016. The State’s Deputy Governor, Hafiz Abubakar, made this known while launching a training workshop for the state pilgrims in Kano on Saturday. Mr. Abubakar, a professor, said the state government found it necessary to pay the money in ...

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EFCC Seizes Properties Worth N1.350bn Belonging to Fayose

EFCC Reveals Fayose Bought Properties Worth N1.35b Under 6Months In Office As Governor

The EFCC has reportedly seized properties worth N1.350billion belonging to Ekiti state governor, Ayo Fayose. The properties are said to be located in highbrow areas of Lagos and Abuja. Four in Lagos and two in Abuja. The houses seized are located at: 44, Osun Crescent and 32, Yedseram Street in Maitama, Abuja; and houses 3, 4, 6, and 9 in ...

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Meghan Trainor Acquires $4.9m LA Mansion

Meghan Trainor Acquires $4.9m LA Mansion - NREH

The 22-year-old singer paid $4.9 million for the stunning home located in Toluca Lake, a wealthy area just outside of Los Angeles, according to the Los Angeles Times. The newly renovated property which was formerly owned by Megan Fox and Brian Austin has four huge rooms complete with floor to ceiling windows, a separate guest house, a pool and spa amongst ...

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FG Woos Insurers to Invest in Infrastructural Development

FG to Review Housing Fund, Recapitalise FMBN to Boost Mortgage

The Federal Government has solicited the collaboration of insurance industry operators in infrastructural development in the country, just as it has said that henceforth, only contractors with prove of compliance with Workmen Compensation Act would be allowed to work in government ministries.   Workmen compensation is an insurance cover put in place by employers for their employees against injury at ...

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Dubai Real Estate Firm Denies $200b Fraud Allegation

property ownership investigations

Officials of the EFCC on Wednesday sealed the offices of TFG Real Estate, the Nigerian agent of The First Group, situated on the seventh-floor of the Bank of Industry building in the Central Business District, Abuja. The anti-graft operatives had in May 2016 raided the firm’s offices as part of investigations into the alleged property fraud. The Dubai-based real estate ...

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AfDB Team Visits Abia, Inspects Federal Roads in Aba

AfDB Team Visits Abia, Inspects Federal Roads in Aba - elsieisy blog

A delegation from the Headquarters of the African Development Bank (AfDB) in Abidjan, led by Mr. Mwila Aeron Katambula, the Bank’s Transport Specialist, is currently in Abia State for the final lap of talks between Abia State Government and AfDB on some developmental projects of interest to the bank in Abia State. The state Governor, Dr. Okezie Ikpeazu, who received ...

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Stakeholders Seek Investment in Retail Malls

Ikeja

Stakeholders in the real estate sector have called for greater investment in retail malls. The call is coming against the backdrop of a report that showed that demand for space for retail malls in the country has increased by 905 per cent in the last 10 years. The call, according to them, is necessary considering that the sector has had ...

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