Real Estate News

A former Minister of State for Defence, Senator Musiliu Obanikoro, his wife and children have recovered three properties worth about N500m from the Economic and Financial Crimes Commission. The properties include four terrace houses located at 44 Mamman Kotangora Crescent in the highbrow Katamkpe Extension area of Abuja; a parcel of land in Guzape District and a duplex at Olori ...

Governor Nyesom Wike on Sunday said the Rivers State Government will prosecute contractor of the collapsed 7-storey building and take steps to acquire the property. Reports given was that the 7-storey building located at Woji Road in the Government Reserved Area (GRA) of Port Harcourt collapsed on Friday evening. As at Sunday, 38 persons have been rescued, while six persons ...

Motorists plying Kabuga flyover have called on the Kano state government to come to their aid by repairing potholes on the flyover located in Gwale local government area of the state. It would be recalled that the flyover was constructed by the immediate past administration of the state, but about four years after commissioning, motorists have started battling with potholes ...

Lagos State Governor, Mr. Akinwunmi Ambode on Thursday assured that the Governorship candidate of All Progressives Congress (APC) in the state for the 2019 general elections, Mr. Babajide Sanwo-Olu will not abandon ongoing projects but would rather complete and build on the enduring legacies already put in place by his administration. Ambode, who said this while inaugurating an ultra -modern ...

The Coordinator of the Federal Road Safety Corps (FRSC), Federal Capital Territory chapter, Mr. Wobin Gora, has called on the Federal Government to introduce road safety as a subject in schools to enlighten children from their early years. Speaking in Abuja recently during the grand finale of the GreenLight Initiative/Federal Road Safety Corps (FRSC) quiz and debate competition for primary ...

Merit Homes and Properties Limited has signed a Memorandum of Understanding with the Katsina state government to construct a 500 housing units for the state civil servants at the cost of N2.5 billion. The signing of the memorandum was conducted at the office of Head of Service in Katsina. The Head of Service, Alhaji Idris Usman Tune, signed on behalf ...

Some Epe residents on Wednesday appealed to the Lagos State Government to complete all road projects it embarked on in the community. The Epe residents, in a separate interview, said that the road projects had been abandoned. Titilayo Adebanjo, a resident, lamented the poor conditions of Epe-Ikorodu Expressway, saying that government’s attention should urgently be shifted to the bad road. Adebanjo ...

The Minister of Power, Works and Housing, Bababtunde Raji Fashola, said President Muhammadu Buhari’s government is laying a solid foundation for the economic growth and prosperity of Nigeria. Fashola stated this at the flag-off ceremony for the reconstruction of the 34-kilometer Apapa-Oshodi-Oworonshoki-Ojota Expressway, a road built between 1975 and 1978, which he tagged as main artery of all our import ...

Citing inconsistencies in population growth rate and the pace of the economy, stakeholders in the private sector have raised concerns about the sustainability of Nigeria’s debt profile considering the level of development in the real sector and other key drivers of the economy. Indeed, they noted that Nigeria’s debt profile may increase if managers of the economy do not address ...

The south-east governors’ forum has urged President Muhammadu Buhari to ensure that the construction period of the Second Niger Bridge is reduced from 42 months to 24 months. Dave Umahi, chairman of the forum, made the appeal when he spoke to state house correspondents after a closed-door meeting with the president. Umahi said members of the forum were at the ...