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Author Archives:

The ‘SUPPLIER’s CREDIT’ approach to buying properties

This is the continuation of the ‘Approaches to buying properties’ series we started towards the end of last year. You can read the earlier articles where we discussed the first approach here and here. The second method is what you can call a supplier’s credit. Supplier’s credit like we know it is your supplier giving you goods to sell before ...

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Lagos Permanent Secretary accused of illegal construction

Residents of 14, Bodunrin Caulcrick Road, a compound located within the LSDPC Phase I Estate, Ogba, Ikeja, Lagos State, have cried out over what they described as usurpation and encroachment on supportive space meant to ease lives in their portion of the estate. They described the illegal conversion, allegedly perpetrated by a Permanent Secretary, PS (names withheld) in the Lagos ...

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Anambra’s multi-city development plan endorsed by stakeholders

The move by the Anambra State Governor, Chief Willie Obiano to embark on the construction of multi-city projects in Awka Capital Territory, has been endorsed by royal fathers and the chairmen of the various local government areas that make up the area. Seen as the next big thing in Nigeria’s real estate. The endorsement came when the Awka Capital Territory ...

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Dolphin Estate moves to evict squatters and return to masterplan

Dolphin Estate

Residents of Dolphin Estate, Ikoyi, a high-brow Lagos community, are battling to restore the original master plan of the estate. They feared that the existence of non-resident artisans, motor parks, roadside mechanics, vulcanisers and street traders, among others would not only continue to pose security risks, but was gradually tampering with the structural design of the estate. The Dolphin Estate ...

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‘Synagogue building was attacked’ – Investigator

Synagogue building

A 37-year-old weapon researcher and graduate of Chemistry from the University of Maiduguri, Mr. Biedomo Iguniewei, has said that the collapsed six-storey building within the premises of the Synagogue Church for All Nations could have been felled with a high energy infrasonic radiation. Iguniewei on Monday told the coroner probing the circumstances surrounding the September 12 tragedy that he was ...

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NBRRI rates Nigeria low in housing and road networks

Nigeria Road Network

A new statistics released last week by Nigerian Building and Road Research Institute (NBRRI) shows that Nigeria ranks very low in road network and housing in the comity of nations. The Director General/CEO, Nigerian Building & Road Research Institute (NBRRI) Prof Danladi Matawal made this declaration during this year’s Public Lecture of the Nigerian Academy of Engineering which held at ...

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12m Debt: Supplier looses home

Sand supply

Mrs. Olanike Olaribigbe, the owner of Felab Marine Venture, has been forced to vacate her house due to a debt she could not pay back, and she is pleading for help. The house, a four-bedroom building in the Mowe area of Ogun State, had been taken over by Olaribigbe’s creditors over a N12m debt. She has since taken solace in ...

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New Agodi Gardens will generate over N500m – Ajimobi

New Agodi Gardens

Governor Abiola Ajimobi of Oyo State on Monday opened the reconstructed Agodi Gardens, saying that it has the potential to generate over N500 million to the state government annually. The Gardens, now renamed “Agodi Resort and Conferences” is sited on 62 hectares of land in-between the State Government Secretariat and the popular Premier Hotel in the heart of Ibadan. Governor ...

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‘I can never retire to my village’ – Tunji Sotimirin

Tunji Shotimirin on Real Estate

In this interview, Otunba Tunji Sotimirin shares his views on various aspects of real estate and housing issues arising in Nigeria. He also has some very insightful messages for real estate investors, developers and practitioners in general. The youths are not left out too, just as he also has something to say about retirement. Please read and leave your comments. ...

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International Cooperatives Day

International Cooperatives Day

Cooperatives, like any financial institution, have become very organized and systematic in carrying out their functions. Although some might not find their system of operations appealing, ironically, most people explore cooperative societies for their financial needs because of the ease of operations and lack of lengthy and bureaucratic processes characteristic of banks and micro-finance institutions. In fact, these societies have ...

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