Real Estate News

A labourer, Promise Iwoh, who allegedly stole his employer’s cables valued at N120,000, on Wednesday appeared in a Tinubu Magistrates’ Court, Lagos. The 33-year-old, a resident of No. 1 Iya-Agan Street,  Apapa Road,  Ebute Meta, Lagos, is facing a charge of theft. Iwoh, however, denied the charge. The Police Prosecutor Ben Ekundayo said the accused committed the offence on Feb. ...

Considering the alarming rate of youth unemployment in the country and its negative effect on the economy, the Universal Learn Direct Academy is empowering youths to solve the endemic housing and infrastructural problems in Nigeria. Funmi Ogundare reports Youth development and empowerment have been recognised as vital stages in life for building the human capital that allows young people to ...

The Benue State Universal Basic Education Board (SUBEB) on Wednesday threatened to drag erring contractors handling the construction and rehabilitation of some primary schools projects in the state before the Economic Financial Crime Commission (EFCC). Chairman of SUBEB, Rev. Philip Tachin, said the board would compile all the names of the defaulting contractors and forward same to the EFCC if ...

There is an intense argument between the immediate past governor of Ekiti State, Ayo Fayose, and the current governor, Kayode Fayemi, over the state of infrastructural projects across the state. Gov. Kayode Fayemi has decried the poor state of the Ikogosi Warm Spring Resorts, owing to deliberate abandonment of the facility by the immediate past administration. Speaking with journalists after ...

Jide Oke, a former Chairman of Lagos Chapter of Nigerian Institute of Quantity Surveyors (NIQS), on Tuesday said that poor maintenance culture was the bane of infrastructure development in Nigeria. Oke, who made the observation in an interview said lack of maintenance culture had been a challenge since the nation got independence. He expressed regret that many private and public ...

The Southwest Governors’ Forum has expressed concern on economic and security challenges posed by gridlock in the Apapa port and urged the Federal Government to create alternative routes. The forum said the planned alternative routes linking Tin Can Island through Tomoro Island to Ibafo in Ogun State should be revised urgently. In the interim, it suggested that government should enhance ...

The Kaduna State Universal Basic Education Board (SUBEB) would spend N5.9 billion in 2019 on the construction of classrooms, training of teachers, procurement and monitoring, as contained in the N155 billion 2019 budget proposal currently before the state’s House of Assembly. A breakdown of the budget as issued by the state’s Planning and Budget Commission in Kaduna on Tuesday shows ...

Despite the prevalent harsh business terrain in the country, paint manufacturers said that consumption of the product is currently on the increase with the figure put at N96.50 billion as at the third quarter of this year. According to Paint Manufacturers Association of Nigeria, (PMA), a group of the Manufacturers Association of Nigeria (MAN) this increase was hinged on current ...

The Lagos Chamber of Commerce and Industry (LCCI) has raised the alarm that high excise duties on locally-produced goods and challenges of exporting made-in-Nigeria products, as well as the inaccessibility of the Lagos ports on account of the bad roads, have created an excruciating business environment, which has seriously hamstrung business activities in the country and eroded the country’s capacity ...

The Court of Appeal, Abuja Division yesterday held that the Chief Okoi Obono-Obla led-Presidential Panel on Assets Recovery lacked prosecutorial power and therefore, cannot initiate criminal proceedings against any accused person. Also, the court held that the panel lacked the constitutional power to seize properties of alleged offenders. The judgment of the court follows an appeal filed by a staff ...