Real Estate News

The Rivers State Housing and Property Development Authority has warned residents of the state, who are in the habit of converting government properties to business centres, hotels and other uses to desist from the act or be ready to face the consequences. The Managing Director, RSHPDA, Iyerefa Cookeygam, who issued this warning on Saturday in Port Harcourt, maintained that the ...

To enlist Nigeria in the league of smart cities, the Nigeria Institution of Estate Surveyors and Valuers (NIESV) has advised states to emulate Lagos State government and commit more funds into infrastructural development. The institution noted that infrastructural development is the basis for evolvement of the concept of smart city across the world hence, the need to prioritise such investment ...

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 ...