Real Estate News

The Women Housing Plan Initiative (WHPI) has said that about 500 women are expected to benefit from its new housing project in Zuba, Abuja. WHPI is a land acquisition programme through a special package for women The project, Unity Hills Residence, is situated in Machiyada Community, Tungan Maje, in Gwagwalada Area Council of the FCT. It consists of 500 units ...

The Federal Government says it has approved and issued 1,300 Certificates of Occupancy (C of O)to owners of verified federal government land as of October 25, 2018. Minister of Power, Works and Housing, Mr. Babatunde Fashola, disclosed this at a news conference in Abuja on Monday. Fashola said the approval and issuance of the certificates were part of government’s effort ...

Land speculators have been warned to desist from encroaching into the government-acquired area following the construction of Baro Port in Niger state. Baro Port’s Director General, Engr. Muhammad Abubakar Muregi handed the warning in an interview in Minna recently. He said work on the construction of the port and the dredging of its river had given rise to the activities ...

A property consultant, Mr. Chudi Ubosi, on Monday called on Lagos State Government to simplify the processing and granting of Certificate of Occupancy (C of O), Layout Permit and other land title documents. Ubosi, who is African President, International Real Estate Federation (FIABCI), made the call in Lagos. He said the challenges and difficulties involved in obtaining C of O, ...

Concerned about existing deficits in the middle-income segment, the immediate past Managing Director, UACN Property Development Company, Mr. Hakeem Ogunniran has unveiled his new firm- Eximia Realty Company Limited, which plans to bridge the housing gap in the country with 5,000 housing units. To kick-start the vision to build the units in the next five years, two projects in that ...

The Principal of King’s College, Lagos, Mr. Isaac Kolawole, said the school had embarked on rehabilitation of its dilapidated infrastructure to provide enabling environment for academic excellence. Kolawole said this during the school’s 2018/2019 matriculation ceremony in Lagos on Saturday. The principal explained that most of the school’s infrastructure was dilapidated adding that he felt “the need for an academic ...

A tenant, Adebukola Oladipo, has been arrested by the police for purportedly damaging a building belonging to her landlord, Ediac Ezemuede. It was learned that Oladipo rented a guesthouse consisting of five rooms, an open space and two stores from the landlord in 2016. The landlord in his statement to the police said Oladipo damaged the building for reasons best known ...

A 55-year-old property agent, Bolaji Ajetumobi, has been arraigned before a Tinubu Magistrate’s Court for alleged fraud estimated at N1,241,000. He was arraigned by the police on 12 counts bordering on the crime before Magistrate Olumide Fusika. The police said Ajetumobi connived with others at large to collect the sum of N1.2m from nine different persons on the pretext of ...

The Kano State Government has awarded N2.5bn contracts for the completion of 14 abandoned schools, including 13 related-education projects. The projects, to be financed from the 2017 UBE matching grant, will provide additional 470 classrooms in the state, to provide learning space for about 30,000 fresh pupils. The Director-General, Media and Publicity, Ameen Yassar, in a statement, said infrastructure in ...

The estimated monetary loss in Nigeria’s power sector has risen to N460.3bn in 2018 alone. The data obtained from the Federal Ministry of Power, Works and Housing in Abuja on Friday showed that between January 1 and November 8, 2018, the sector lost N460.253bn. The FMPWH explained that the huge financial loss was due to insufficient gas supply, distribution and ...