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Monthly Archives: March 2017

FMBN spends N1.4b on housing units in Niger

Stakeholders urge SON to create specialized dept for building materials

The Federal Mortgage Bank of Nigeria (FMBN) has disclosed that N1.4 billion have been expended for the development of 379 housing units in Niger State just as the Minister of State for Power, Works and Housing, Alhaji Mustapha Baba Shehuri, said the nation needs 17 million houses to meet up with the challenge of housing deficit. The minister, who stated ...

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Anambra indigenes in Kaduna sue Obiano, others over revoked land

Lekki land

“INDIGENES of Anambra State residing in Kaduna have dragged the Anambra State government, the state Commissioner of Police and a private developer to court over the state government’s alleged revocation of over 200 plots of land allocated to them by the earstwhile governor of the state, Dr. Chinwoke Mbadinuju in 2000. Hundreds of members of the group, under the aegis ...

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Lagos approves 15% discount on land use charge

Agege flyover completion date announced

“The Lagos State Government wednesday approved 15 per cent discount for all owners of properties in the state, which would pay their land use charge between now and April 14.”- This Day The state government said it would inaugurate Ajah Flyover before May 29, revealing the plan to remove three more roundabouts in Lekki-Ajah corridor to ease vehicular movement. The ...

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AMCON takes over firm over N240 million indebtedness

AMCON takes over firm over N240 million indebtedness

The Guardian reports that the Asset Management Corporation of Nigeria (AMCON) has taken possession of the properties of J.A Dama & Sons Limited, Warri, Delta State, over an alleged N240 million indebtedness. AMCON’s action was in execution of a court judgement by Justice Muslim Hassan of the Federal High Court, Lagos empowering the claimant to take possession of the properties. ...

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Reps to probe N24bn abandoned dredging of land ports in Kogi

land ports in Kogi state

According to Business Day, House of Representatives on Wednesday unveiled plans to investigate the N24 billion abandoned dredging and establishment of land ports at Idaho and Jamata areas of Kogi State. The resolution was passed following the adoption of the motion sponsored by Benjamin Okolo, who underscored the importance of the project to Nigerian economic development. He observed that the ...

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Afriland Properties to distribute 125m shares to shareholders

Investors holding back on the Nigerian property market despite opportunities

The Nation reports that the Board of Directors of Afriland Properties Plc has recommended distribution of about 124.9 million ordinary shares of 50 kobo each to shareholders of the company as bonus shares for the immediate past business year. Shareholders in the book of the company as at the close of business on Tuesday, March 7, 2017 will receive one ...

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Communities to donate land for agric in Imo state — Okorocha

Communities to donate land for agric in Imo state — Okorocha

“Governor Rochas Okorocha of Imo state, yesterday, said his administration has given approval  for   “farm markets” to be established in the three senatorial zones of the state. Okorocha stated this through a release made available to newsmen in Owerri, by his Chief Press Secretary, Mr. Sam Onwuemeodo. Okorocha made this statement while interacting with a group of traditional rulers from ...

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