In a renewed effort to build public confidence as well as engender soundness and stability in the mortgage banking sub-sector of the Nigerian banking industry, the Central Bank of Nigeria (CBN) has established a Sub-committee on Ethics and Professionalism for Mortgage Bankers. The sub-committee which is a self-regulatory body is the Alternative Dispute Resolution (ADR) Platform/Financial Ombudsman for the mortgage ...

Property Fraud – A 51-year-old man, Hakeem Garba, who allegedly defrauded 300 people of N20 million on pretext of building apartments for them, on Monday appeared before a Yaba Chief Magistrates’ Court, Lagos. Garba is facing a two-count charge of conspiracy and obtaining by false pretences. According to the prosecutor, ASP Roman Unuigbe, the accused committed the offences with three ...

A Pilot feasibility study for the establishment of a mortgage guarantee scheme which provides credit loss protection to lenders in case of borrower default is underway. Tentatively christened Nigeria Mortgage Guarantee Company (NMGC), Central Bank of Nigeria (CBN) is promoting the scheme in collaboration with World Bank and other stakeholder partners under the Nigeria Housing Finance Program (NHFP). The scheme ...

Private sector, Ministries, Departments and Agencies (MDAs) at all levels of government have been called upon to collaborate with the Nigerian Institute of Building (NIOB) to meet housing needs of citizens. Besides, President of NIOB, Mr. Kenneth Nduka, called on governments at all levels to respect and enforce the unique roles of builders in all aspects of building project delivery ...

With less than four weeks to the 27th edition of the Edo National Association Worldwide Convention (ENAW), holding in Toronto, Canada, the Edo State Government is set to parade her achievements in the housing, education and other sectors at the event. The Edo State Governor, Mr. Godwin Obaseki, will lead the state’s delegation to the Toronto convention, which has become ...

Nigeria’s Deputy Senate President, Senator Ike Ekweremadu has denied reports that he owned hidden properties over which he was grilled by the Economic and Financial Crimes Commission, EFCC, on Wednesday. In a statement made available in Abuja by his Special Adviser (Media), Uche Anichukwu, he described reports credited to the EFCC as mere propaganda and concocted falsehood. The statement reads, ...

Land affects every aspect of a city and national development at large. It is believed to be the central issue in the development process. Its ownership and uses have always played an important role in shaping identities, defining power relations and understanding the political, economic and social process at work. However, there are issues associated with its acquisition, management and ...

The President of the Trade Union Congress of Nigeria (TUC), Comrade Bobboi Kaigama, has berated the Federal Government for not taking workers’ income into consideration in the housing projects being implemented across the nation. Comrade Kaigama said previous efforts to build houses for workers had remained white elephant projects because they did not take time to plan for the workers ...

The management of UniAbuja Teaching Hospital (UATH) Gwagwalada, has keyed into the Federal Government’s policy of providing housing for its staff. The Chief Medical Director (CMD) of the hospital, Professor Bisallah Ekele, stated this at the groundbreaking ceremony of the housing estate for the senior staff association of the hospital at Wuna village in Abuja. He said the estate was ...

To make housing affordable to average Nigerians, foremost manufacturer of tiles, grouts and adhesives, West African Ceramics Ltd has called for the support of Buy Nigeria campaign. General Manager of the firm, Mr. Bhaskar Rao, made the call at the inauguration of two additional mega and ultramodern exclusive tile showrooms in Port Harcourt and Aba. Stressing the firm’s support for ...