Real Estate News

The Federal Mortgage Bank of Nigeria (FMBN) says it has processed N12.4 billion refunds to contributors of the National Housing Fund scheme and registered 224,752 to the fund in 2018. The statement was signed by Mrs. Zubaida Umar, the Group Head, Corporate Communications, FMBN. FMBN Managing Director, Mr. Musa Dangiwa, disclosed this during an oversight visit by the Senate Committee ...

The reason for the massive number of empty houses across the country despite the huge deficit in the housing sector is because most developers of the properties failed to consider property market demands, the Estate Surveyors and Valuers Registration Board of Nigeria has said. According to ESVARBON, there are so many unoccupied completed houses in virtually all states in Nigeria, ...

Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has urged real estate agencies to curb the menace of quackery in the profession. Obasa made the call on Saturday in Lagos at the First Annual Lecture and Banquet of the Association of Estate Agents In Nigeria Lagos Chapter on Saturday. Represented by Setonji David, Chairman, House Committee on Physical ...

The Kano state government has set aside N1 billion for the construction of Kofar Mata–Singer– Murtala Mohammed way road in Kano metropolis. This is contained in a statement signed by the state Director–General, Media and Publicity, Ameen Yassar, in Kano on Wednesday. According to Mr Yassar, the governor, Abdullahi Ganduje announced this during a meeting with officials of Ganduje – ...

Babatunde Fashola, the Minister of Works, Housing and Power, has urged the Federal High Court sitting in Lagos to dismiss the fundamental right suit filed by leading human rights lawyer, Femi Falana (SAN) challenging the failure of Nigeria’s Federal Government to remove the gridlock on the Apapa-Oshodi expressway. A counter-affidavit deposed to by one Ayodele Otedola, a litigation clerk at ...

Chief Rommy Ezeonwuka has threatened to evict students in the Oba Campus of Tansian University from the institution’s premises over the management’s refusal to pay an accumulated rent arising from the use of his property. Speaking through his lawyer, Mr. Anthony Nwankwo, in Oba on Wednesday, Ezeonwuka, the proprietor of Rojenny Games Village, urged the university’s management to abide by ...

The Edo State Governor, Godwin Obaseki, yesterday approved a unit of house from the prestigious Emotan Gardens for the Head Teacher of Emotan Primary School, Mrs. Noragbon Osaru. Osaru emerged the second-best school administrator in Nigeria and best teacher in the state recently. Emotan Gardens is an over 70-hectare estate being developed by the Edo State Government through the Edo ...

A prosecution witness in the on-going trial of a former Chief of Air Staff, Air Vice Marshal, Mohammed Dikko Umar (rtd), told a Federal High Court in Abuja on Tuesday, that former Senator Victor Ndoma Egba and Kano lawmaker, representing Kiru/Bebeji federal constituency and former Chairman, House of Representatives Committee on Appropriation, Abdulmumin Jibrin rented apartment belonging to the former ...

Edo State Government has commenced the issuance of computerised Certificates of Occupancy to landed property owners in the state. Speaking after signing the first batch of the new electronic Certificates of Occupancy, at the weekly Executive Council meeting, on Wednesday in Benin, Governor Godwin Obaseki, said the new recertification process would ensure ease of doing business in the state. Obaseki ...

The Federal Road Safety Corps (FRSC) has approved the establishment of 30 road camps across the country along critical designated corridors. The Corps Marshal, Mr. Boboye Oyeyemi, disclosed this at the Fourth Quarter 2018 Strategy Session with 12 Zonal Commanding Officers and 37 Sector Commanders in Abuja on Tuesday. It was reported that the session was the last in the ...