The Federal Capital Territory Administration (FCTA), through the Satellite Towns Development Department (STDD) has flagged off the rehabilitation of Abaji-Rubochi 10.2 kilometers road, at the cost of N490 million. Speaking during the flag-off ceremony yesterday, Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, revealed that the administration has paid 15 per cent mobilization fee to an indigenous ...

Babatunde Fashola‎, minister of Power, Works and Housing said the federal government has concluded plans to recapitalise the Federal Mortgage Bank of Nigeria (FMBN) to a N500bn capital base, which would enable it play a more determinant role in closing the housing deficit in the country. The FMBN current capital base is currently put at N2.5 billion, of which the ...

Flipping a house simply means buying a property and reselling quickly for a profit. This is one of the smartest investment options around and it requires very minimal efforts. It basically involves your money as well as an in-depth knowledge of land ownership and the buying and selling process, you are good to go. House Flipping is often used to ...

37-year-old Nurudeen Bakare has stabbed his mother, Bosede Bakare, to death after an argument over his inherited property. Bakare has been arrested and charged to court following the death of his biological mother after he stabbed her. How it happened according to the prosecutor The prosecutor, Sergeant Modupe Olaluwoye, told a Yaba Chief Magistrates’ Court in Lagos how Bakare killed ...

A landlady, Musli Tiamiyu, broke into her tenant’s apartment and threw out his property in the rain in a bid to evict him, the prosecution told an Ikeja Magistrates’ Court on Tuesday. The 44-year-old trader, who resides at 10, Olorunshola St., Ojodu, a Lagos suburb, is being tried for burglary, damage, stealing and assault. Police Prosecutor Innocent Odugbo said the ...

Minister of Power, Works and Housing, Babatunde Fashola, has announced that President Muhammadu Buhari has approved the disbursement of funds recovered from looters under the 2018 federal budget. He made the announcement at the Herbert Macaulay Memorial Lecture organised by the University of Nigeria, Nsukka, yesterday. The Minister also disclosed that the President had approved N120 billion from the funds ...

The Federal Government has said it will ensure steady funding of three major projects namely; Lagos-Ibadan highway, Second Niger Bridge and Kano-Abuja road until they are fully completed. Minister of Power, Works and Housing, Babatunde Fashola, gave the assurance at the flag-off of Abuja-Kaduna-Zaria-Kano road project in Kano State. He said the uninterrupted funding of the projects would be sourced ...

Tenants of a building on Ijero Road, Apapa, Lagos State, have lamented the loss of their property after their landlady allegedly removed the roof of the house. The landlady was said to have been represented by the caretaker, Mrs. Tawakalitu Omotosho. It was gathered that the exercise, which started around 6 AM. on Sunday while it was raining heavily, led ...

To achieve this, the NSE wants the Federal Government to create the enabling environment for private sector initiative and to engage more private sector participants in its mass housing drive. The body noted that housing delivery in developed countries fared better because they are run by the private sector. The NSE President, Mr. Kunle Mokuolu, who expressed reservations about government’s ...

A real estate investor, Lanre Howells, Managing Director, Messrs Beyond Building, has urged Nigerians to move towards a growth that could make them grow wealth exponentially by investing in real estate without necessarily owning a home. He explained that 20 people could own a stake in an estate with the profitability of the investment shared among them. According to the ...