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EFCC declares Kriston Lally’s CEO wanted over failed housing project

kriston lally

The Economic and Financial Crimes Commission (EFCC) has declared the Chief Executive Officer (CEO) of Kriston Lally EPC Nigeria Ltd, Mustapha Umar Madawaki wanted over charges bordering on a failed housing deal. EFCC spokesperson Wilson Uwujaren confirmed on Thursday that the anti-graft agency was in pursuit of Madawaki over his role in a housing provision contract. Madawaki and the Nigeria ...

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Aliko Dangote is the richest Nigerian in Real estate

Dangote acquires $12b foreign gas firm

In Nigeria, the richest person in real estate is Aliko Dangote, whose net worth is $US 15.9 billion. Although there are no billionaires in Nigeria who have made their fortune solely on real estate, a large part of Aliko Dangote’s wealth comes from his warehouses, luxury flats and commercial buildings in Lagos, Cross River, Kano, Rivers and Abuja. In addition ...

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AFFORDABLE HOUSING: Is it the basic right of every Lagosian? (Part 2)

affordable housing

Yesterday, we delivered a piece on affordable housing in Lagos. We also addressed the incidence of the spiral process of slums among the poor who can’t afford the regular houses. Which brings us to this question; is affordable housing the basic right of every Lagosian? Here is the concluding part… When reference is made to the homeless, you may not ...

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AFFORDABLE HOUSING: Is it the basic right of every Lagosian? (Part 1)

affordable housing

Lasgidi, city of hustlers where everyone seems to be sprinting on an imaginary track yet there are no spectators or even track officials.  In Lagos, it is the survival of the fittest, if you don’t fit in, you will end up in a fix. One of the most back-breaking means of survival is finding affordable housing with good living conditions though ...

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FG Commissions 102 Housing Units In Suleja


The federal government has commissioned 102 units of the ministerial pilot housing scheme in Suleja, Niger State. The housing units, fully funded by the Federal Mortgage Bank of Nigeria (FMBN), is the first of such exercise in the six geo- political zones of the country. The minister of lands, housing and urban development, Mrs Akon Eyakenyi, who commissioned the project ...

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Ondo builds first hill resort in 90 days

idanre hill

Ondo State government has taken a giant leap in its tourism revolution as it has constructed the first world class hills resort. With this latest effort, the governor of the state, Olusegun Mimiko, has demonstrated his unalloyed commitment to development and promotion of tourism in the state. The newly built hills resort is built in the ancient town of Idanre, ...

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FESTAC phase II project expected to cost N401bn

festac town

The concessionaire, New Festac Development Company limited has said that the land reclamation and infrastructural development of the second phase of the FESTAC Town is expected to cost N401bn. The company’s spokesperson, Mr. Uche Edeani, said the preliminary stage would cost about N100.25bn ($500m), while the main construction work would be done at the rate of N300.75bn ($1.5bn). He said ...

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Court arraigns two for property fraud in Enugu

misconduct charge court stories alleged fraud

Two people, a man and a woman have been arraigned at the Federal High Court in Enugu State for property fraud up to the tune of N58 million. Adaobi Ofoma Chuke and Chief James Ofoma are facing a four-count charge bordering on conspiracy and obtaining properties by false pretence. The offences allegedly date back to 2010. The accused pair however ...

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Mariah Carey & Nick Cannon sell their Bell Air home

mariah carey

Divorcing duo Mariah Carey and Nick Cannon closed on the sale of their Bel Air home Friday for $9 million. The estate had been listed for $12.995 million. The 13,000-square foot home, at 3130 Antelo Road in Los Angeles, contains six bedrooms and six full- and three half-baths, as well as a movie theater, gym, and basketball court. It features ...

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Mobile app driving real estate marketing

mobile app

As faster, smarter and affordable mobile phones continue to saturate the Nigerian market, real estate developers and professionals are gradually shifting attention to mobile technology for marketing in order to reach a wider population for their products (houses). From iPhone to iPad, Blackberry and other smart phones, real estate developers and agents have been caught in the web of mobile ...

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