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Monthly Archives: February 2017

Obanikoro’s wife to forfeit property to Nigerian Government

Obanikoro's wife to forfeit property

Alhaja Moroophat Obanikoro, the wife of a former Minister of State for Defence, Senator Musiliu Obanikoro has been asked by a Federal Capital Territory High Court, sitting in Jabi, Abuja to forfeit her property to the Federal Government while the investigation of her husband and children are ongoing. According to Daily Post, the court subsequently threw out her request that ...

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The History Behind the Names of Popular Places in Lagos

Real estate Industry

Do you know that most of the popular places in Lagos did not just derive their names by mere coincidence neither are they just names of places based on logistics? This article exposes the origin and true meanings of popular locations in Lagos that virtually most Lagosians have come in contact with one way or the other. Lagos which has ...

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Ijeun-Lukosi community claims ownership of Obasanjo’s library land

Obasanjo's library

The Nation reports that the Ijeun-Lukosi Community of Abeokuta, Ogun State has laid claim to an expanse of land on which the Olusegun Obasanjo Presidential Library (OOPL) is situated. According to The Nation, the  land, measuring approximately 179.89 Hectares (444.52 acres), is now a subject of litigation at the Abeokuta High Court, Ogun State in suit No:AB/442/2016 before Justice O. ...

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The Association of Estate Agents in Nigeria (AEAN) holds 2nd annual conference

AEAN conference holds in Lagos

The Association of Estate Agents in Nigeria (AEAN) held its 2nd annual conference in Lagos. Many delegates and guests from all over the country attended the conference which was tagged “Estate Agency Practice and National Development.” According to This Day, Mr Chudi Ubosi, the Chairman of the Association stated that AEAN is a body being midwifed and launched by the ...

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Real Estate can pull Nigeria out of recession- Patunola- Ajayi

New land survey fees begin in Lagos, threaten homeownership

According to This Day, The president of Nigeria Institution of Estate Surveyors & Valuers (NIESV), Dr. Bolarinde Patunola- Ajayi has called on the Federal Government to diversify and embrace the real estate sector to combat recession. He said the nation has not succeeded in unlocking the wealth in the sector noting that it is the only robust solution to grow ...

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5 Things to Know Before You Buy or Rent Property

Federal government and states agree on rent on a monthly basis

Buying or renting a property is not all about having the right finances, there is a whole lot involved.  There are some basic things you ought to put into cognizance before you take that big step. This article brings to the fore “5 things to know before you buy or rent property” There are pointers and questions you should answer ...

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Tax, property laws should be reviewed to boost non-interest banking – Stanbic IBTC

Investors holding back on the Nigerian property market despite opportunities

“Saidu Babayo, Head of Non-interest Banking, Stanbic IBTC Bank Plc, speaks on the factors driving the huge demand for non-interest banking investment products across the continent and the prospects for such products in Nigeria. GOING by the oversubscription to the $100m sukuk issued by the African Finance Corporation there seems to be strong appetite for Islamic Banking or non-interest banking ...

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Court grants 10 land grabbers N50m bail

Woman, Brother, Docked For Selling Step Daughter’s Property

Magistrate Wahab Balogun of Court 7, Lagos State Magistrates’ Court, Igbosere granted N50 million bail conditions to 10 land grabbers who pleaded ‘not guilty’ to four count charges against them. According to PM News, Balogun, who pronounced the bail conditions when 10 land grabbers were arraigned before the court said  “each of the accused is granted a bail in the ...

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Building Collapses Loom As Developers Compromise Quality Housing Delivery

building collapses

“Nigerians construction industry may soon start to experience series of building collapses as indications emerged that many housing developers are now compromising quality in the delivery of housing units. LEADERSHIP findings in Lagos and Ogun States revealed that astronomical rise in the prices of building materials caused by a cost-push inflation that has driven commodity prices beyond the reach of ...

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