This Day reports that the Federal Mortgage Bank of Nigeria (FMBN) has expressed its displeasure over the creation of parallel housing finance programmes by the World Bank, saying it will  lead to duplication of efforts on the part of government and other stakeholders. The Managing Director, FMBN,   Ahmed Dangiwa expressed concern while receiving World Bank team in his office in Abuja recently, ...

Several persons have been confirmed dead and property destroyed following a clash between Danere community of Boki Local Government Area of Cross River State and Bodam region of Cameroon. The crisis is said to have erupted as a result of protracted tensions over poorly defined international boundaries. Cross River State’s Commissioner of Police, Hafiz Inuwa, confirmed the incident to Channels ...

“Luxury commercial real estate and hospitality company, Sujimoto Construction; has been recognised by the International Property Awards for value creation in Nigeria’s real estate industry.”- Punch The Chief Executive Officer of the company, Sijibomi Ogundele, said the approach of excellence and attention to detail that went into the firm’s Medici development earned it the award. He added that the same approach would ...

According to Bella Naija, the Lagos State Government has unveiled the statue of Fela. It is also known as the Liberation Statue which is in honour of late afrobeat legend Fela Anikulapo-Kuti. The Liberation Statue has been erected at Allen Avenue round-about, Ikeja. Lagos State Governor Akinwunmi Ambode, speaking at the event, described Fela as one who fought for the liberation of his people. ...

“As the country gradually exists recession, stakeholders are set to examine the short-term indicators and long-term structural changes that will reinstate investor confidence in the nation’s real estate industry.”- Punch According to the organisers of the Real Estate Unite, this and many more issues that affect the industry will form the basis for discussion at this year’s edition of the ...

“Concern remained high at the weekend that off-plan sales strategies, which have become popular among property developers may be taking its tolls on prospective subscribers as complaints are mounting within the authorities, following the plights of subscribers of Property Mart Real Estate Investment Limited, in Magodo over an alleged ill treatment in the Mainland Garden scheme situated in Papalanto road, ...

“The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN (GCON), today in Bonny flagged off the construction of the N120 billion Bonny-Bodo road to be jointly funded by Nigeria LNG Limited (NLNG) and the Federal Government, through the Federal Ministry of Power, Works and Housing.”- World Stage Nigeria LNG is contributing the sum of N60 billion ...

“Stakeholders in the housing finance industry have inaugurated the Mortgage Warehouse Funding Limited, a special purpose company set up to provide short-term local currency and competitively priced funding to mortgage banks.”- Punch The MWFL, a private-sector driven initiative to enhance mortgage banks’ origination capacity, was incorporated in December 2014 and initially sponsored by a group of eight-member mortgage banks. The ...

Architect Ahmed Musa Dangiwa is the Managing Director and Chief Executive Officer (MD/CEO) of the Federal Mortgage Bank of Nigeria (FMBN). In this interview he expounds on the mortgage sub-sector and happenings in the bank in the nearly six months he has been on the saddle. When you came on board in April you said you wanted  to develop a ...

“The Edo State Government has concluded plans to reform its real estate sector with a new roadmap that provides for recertification of estate owners, repossession of abandoned properties and development of new estates across the state.”- This Day The new Executive Chairman of the Edo Development and Property Authority, (EDPA) Isoken Omo, disclosed this at the Government House, Benin City, on ...