The Niger Delta Development Commission (NDDC) has embarked on payment of compensation to villagers who own buildings, economic trees and monuments destroyed by the Commission while constructing four access roads in Umudike community in Ohaji Egbema LGA of Imo state. Paramount ruler of the community, Eze-Ali James Nwanro, and the youth president of the community, Ndubuisi Uche, who were supervising ...

Residents and Landlords Association of Supori Community in Imota Local Council Development Area (LCDA) of Lagos State is asking Mr. Akinwumi Ambode, the Lagos State governor, to look into its case regarding the demolition of over 250 houses on April 5. The placard-carrying protesters numbering over 150 besieged the Lagos State House of Assembly, displaying placards with various inscriptions such ...

A construction company, Sammya Nig. Ltd., has described the sealing off, of its dockyard by the Osun State Internal Revenue Task Force, as ’embarrassing’. The company in a release signed by its Chairman /CEO, Sammy Adigun, called on the state government to immediately unseal its office and pay up over N1 billion owed it. The state government had listed the ...

Dangote Cement Plc and Lafarge Africa Plc are said to be looking up to investors to help raise capital that will enable the companies to take advantage of proposed infrastructural budgets in Sub-Saharan African countries, including Nigeria. This, they hope, will ensure growth in the sector and overall economic development. Recall that the Nigerian Government had earlier this month passed ...

The Lagos State Employment Trust Fund (LSETF) has entered into partnership with Jobberman and American Towers Corporation (ATC), to empower unemployed youths in Lagos State. ATC is one of Nigeria’s leading independent owner, operator and developer of wireless broadcast communication, as well as real estate firm. According to LSETF, the collaboration is in line with its mandate of bridging the ...

The recent reforms put in place by the Lagos State government in the Land Bureau, the department in charge of land administration in the state, have not only improved the needed services but also continue to enhance ease of doing business, in all ramifications. Speaking on the efforts by government to simplify ease of doing business, as exemplified in land ...

The MTN Employees Cooperative Society, through its prosecution witness, Cyril Ilok, has sued two of its former staff; Primavera Engineering and Construction Limited and Mabo Dredging Limited; for allegedly defrauding them of some hectares of land, purportedly meant for the development of Yellow Estate Project, Okun Ajah, Lagos. The defendants in the case include: Victor Akintunde, Gani Mustapha, Mutairu Babatunde, ...

The Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has commended the directive of the Central Bank of Nigeria (CBN) compelling commercial banks to lend the real sector for economic growth. Kuru stated this at the Institute of Directors (IoD) 2018 luncheon held in Lagos. The Managing Director of AMCON also noted that lending to the ...

Nigerian building developers have come together to discuss the pathway for a greener Nigeria through the construction industry. Financial institution and mortgage re-finance provider NMRC has pledged to be a leader in pioneering the implementation of EDGE certification in the construction industry. NMRC and the International Finance Corporation (IFC), a member of the World Bank Group, along with the consortium ...

The Governor of Jigawa State, Abubakar Badaru, on Monday recalled that when he was inaugurated in 2015, he received a voluminous document detailing huge debts and uncompleted capital projects worth N31.3 billion in the state. “The first day I went through the handover note submitted to me by the then PDP administration, I felt like running away because of the ...