Real Estate News

The Economic and Financial Crimes Commission (EFCC), Thursday, sealed the properties of the immediate past governor of Ekiti state Ayodele Fayose. Fayose was arraigned by the anti-graft agency at the Federal High Court, Lagos, on October 22 on 11 counts over alleged N6.9 billion fraud. He had pleaded not guilty to the charges, and the court granted him bail in ...

The Federal Government has made refund to Lagos State government running into billions of naira, being what the state incurred on the rehabilitation of federal roads within the state. The state governor, Akinwunmi Ambode, admitted to this at the weekend but did not mention the actual amount refunded. However, it was gathered that over N52 billion was allegedly being owed ...

Presidential candidate of the All Progressives Congress, APC, in the 2019 general elections, Muhammadu Buhari, will not be initiating fresh road and rail projects if elected for a second term. This was revealed in the APC’s manifesto titled: ‘Next Level’. According to the document, President Buhari will rather focus on completing the ongoing works on the nation’s road and rail ...

Members of the Plant and Equipment Faculty of the Nigerian Institution of Estate Surveyors &Valuers (NIESV) have advocated the review of the 11-year old mineral Act and implementation of the roadmap for the development of the solid minerals sector of the economy. They made call the end of a four-day international conference on Mineral Assets Valuation and financing organized by ...

The Oyo state government has revealed its decision to rebuild the music house of musician, Yinka Ayefele, which was demolished earlier this year. The government said the decision to help Ayefele rebuild his studio was informed by the musician appeal to the state government as well as his admittance of breach of procedures in the construction of the building. The ...

Senator Ita Enang, an aide to President Muhammadu, has said that compensation will be paid for only the existing structures in 1976/77 with approved building plans on the Calabar-Itu road which is under construction. Enang, the Senior Special Assistant to the President on National Assembly Matters (Senate), said this on Monday while inspecting the dualisation project at the Itam axis ...

Ninety per cent of the so-called affordable housing units built in Nigeria before now is in gross mismatch with affordability and accessibility dynamics of an average Nigerian citizen, New Telegraph has learnt. According to the Chairman, Value Chain Project Consultancy Limited, Pastor Joshua Egbagbe, there was no concerted push for intervention funds for the housing industry for low and medium ...

The senior special assistant to President Muhammadu Buhari on National Assembly Matters (Senate), Senator Ita Enang has implored Julius Berger, the construction firm handling construction work on a section of the Akwa Ibom axis of the Calabar-Itu Road to speed up work to ensure the project’s immediate completion. Enang, who was fielding questions on the programme, Change Nigeria Watch on ...

A Lagos based oil firm, Aquitane Oil and Gas Limited has asked a Federal High Court sitting in Lagos to grant an order of perpetual injunction restraining the Assets Management Corporation of Nigeria (AMCON), or its agents from taking any step to defeat the equity of redemption in respect of No. 5/7, Kingsway Road, Ikoyi, with Lagos State Certificate Title ...

For allegedly breaching their contract, the Incorporated Trustees of Diamond Estate Property Owners and Residents Association has filed a suit against Femab Properties Limited before a Court sitting in Epe. Mr. Faustinus Brai is the 1st claimant, suing on behalf of himself and other members of the association, while Diamond Estate Limited is joined as the 2nd defendants. The claimants ...