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Monthly Archives: March 2017

Senior workers plan strike against inadequate funding of FHA

Investors holding back on the Nigerian property market despite opportunities

“The Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC) may soon begin an industrial action over inadequate funding of the Federal Housing Authority (FHA)” – The Guardian  The President General of the association, Mohammed Yunusa, who disclosed this in Abuja at the weekend, identified non-budgetary provision for FHA and non-involvement in the National Housing Policy by the ...

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Lawyer writes Chief Judge, IGP on land encroachment

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

The nation reports that a lawyer, Gbenga Ajala, has asked the Inspector-General of Police (IGP) Ibrahim Idris and Lagos State Chief Judge (CJ) Justice Oluwafunmilayo Atilade to investigate the alleged  land encroachment  belonging to his client, the Oloto family of Oto, on Lagos Mainland. Ajala, in a February 7 petition, said the lives of members of the family were being threatened by ...

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NMRC partners Kaduna on mortgage penetration, home ownership

Investors holding back on the Nigerian property market despite opportunities

“In the quest to deepen mortgage penetration and promote home ownership in Nigeria, Nigeria Mortgage Refinance Company Plc (NMRC) has signed a memorandum of understanding (MoU) with the Kaduna State government.”- Vanguard reports. The MoU covers various collaborations between NMRC and the state government in the latter’s determined and structured efforts to facilitate affordable home ownership for its citizens. Among ...

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FG pledges to bridge 17 million housing deficit

Housing loan for 60 Immigration officers

According to Vanguard, Minister of State for Power, Works and Housing,  Mustapha Shehuri, has assured that the present administration is determined to bridge the 17 million housing deficit confronting the nation. Giving the assurance at the commissioning of the FMBN/Lape Estate, Karu, developed by Lape Construction Services Ltd. under a public private partnership (PPP) arrangement, with Platinum Mortgage Bank Nig. ...

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TUC lauds Nigerian govt on 10 per cent housing equity waiver

TUC lauds Nigerian govt on 10 per cent housing equity waiver

“The Trade Union Congress, TUC, has commended the Federal Government on waiver of the initial payment of 10 per cent housing equity on mortgages below N5 million from housing off takers. Bobboi Kaigama, TUC, President gave the commendation on Monday in an interview with the News Agency of Nigeria in Abuja. The Federal Government had recently approved that henceforth mortgages ...

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Lagos survey plan fee to go up three times current fee

Stakeholders urge SON to create specialized dept for building materials

Survey plan fee for Lagos state is going to be three times its current fee and this will take effect from April 1, 2017. For Ikorodu, Epe, Badagry Ojo and Ajeromi Ifelodun local governments, survey fee is currently 120,000 naira;  350,000 naira will be the newly increased cost. Lagos Island, Etiosa, Ikeja and Apapa which are presently set at 300,000 ...

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Land owner docked over alleged cheating, breach of trust

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

“A land owner was on Monday charged to an Ilorin Magistrates’ Court for allegedly collecting N250,000 under false pretence of selling a plot of land to a prospective buyer. The Prosecutor, Insp. James Odaodu, told the court that the accused, Alade Usman, on Oct. 7, 2015, collected the money for the plot of land from one Ayamolowo David. The prosecutor ...

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Federal Government set to provide affordable housing in Nasarawa

Housing units in nassarawa

The Federal Government is committed to providing affordable housing to cover up for housing deficit in the nation.  According to Channels Television, the Minister of State for Power, Works and Housing Mustapha Baba Shehuri stated this while commissioning 205 housing units at Karu in Nasarawa state which was financed by the Federal Mortgage Bank (FMB) through the National Housing Fund. ...

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