Real Estate News

A Sokoto Chief Magistrates’ Court on Monday sentenced 18-year-old Abdulaziz Saadu, to three months imprisonment for stealing property valued at N88, 400. The Chief Magistrate, Malam Abubakar Adamu, judged Saadu without an option of fine. Saadu, who resides at old airport area of Sokoto, had pleaded guilty to a one-count charge of stealing levelled against him. Earlier, the prosecutor, Mr. ...

The Edo State Government is indebted to contractors handling road projects across the state to the tune of N28,197,752,833,50, the Commissioner for Infrastructure, Osahon Abraham Amiolemen, has said. Amiolemen disclosed this yesterday in Benin during the ongoing ministerial briefing. He said the state government awarded N52,814,329,790,39 road contracts and that a total of N31,340,800,056,56 had been paid to contractors. According ...

The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this in his presentation at The Chatham House in London on Wednesday entitled: Nigeria’s National Unity: Toward Participation and Shared Values’. Alhaji Lai Mohammed He said the Administration of President Muhammadu Buhari since coming into office in 2015 had embarked on an unprecedented renewal of the nation’s infrastructure, investing an ...

Gombe – Malam Garba Jibrin, Deputy Director Fire Services in Gombe State says, seven lives and properties worth N88 million were lost to fire disasters between January and Sept. 2018. Jibrin disclosed this in an interview in Gombe on Wednesday. He said that during the period under review they were able to save 1, 038 lives, recorded 64 injuries and ...

Members of the Nigerian Institution of Estate Surveyors and Valuers, NIESV, have advocated strategic innovations as a way of remaining relevant in business and to boost the sub-sector of the economy. The development is coming up as against the backdrop of the unhealthy competition from foreign counterparts in the country’s estate agency practice. This is the outcome of a one-day ...

In compliance with the federal government’s directives on local content, a real estate firm, OPIC, said it has commenced the offer to prospective buyers 256 houses constructed with 80 percent locally sourced materials. According to its Managing Director of the real estate firm, Jide Odusolu, the first phase of the housing units will be completed and delivered to prospective allottees ...

The Federal High Court in Lagos has ordered Stanbic IBTC Bank to reverse the illegal sale of Mrs. Abosede Folasayo Fagbola’s property situated at 3 Ayoola Adeyefa Street (Plot 4 Block N) Oroki Estate, Osogbo, Osun state. The Osun-based lawyer dragged the bank before a Federal high court in Lagos after her property was sold without her knowledge. Joined as ...

The Ministry of Mines and Steel Development says private investors have expressed their readiness to commit about 3.32 billion dollars to fund some projects in the mining sector. Abubakar Bwari, the Minister of State made this known at the 3rd Nigeria Mining Week on Tuesday in Abuja. The three-day event is being organised by the Miners Association of Nigeria in ...

Cement trucks, operated by Dangote Cement Plc, deliver supplies to the construction site for the Eko Atlantic city project, developed by Eko Atlantic, near Victoria Island in Lagos, Nigeria. As part of efforts to end cases of building collapse in the country, Dangote Cement has come out with Dangote BlocMaster Cement. According to the group managing director, Joe Makoju, the ...

In a move to embrace modern procurement systems, procedures and processes in the construction industry, quantity surveyors have introduced new innovations to its practice. Apparently to increase the number of registered young members, the Nigerian Institute of Quantity Surveyors (NIQS). (NIQS) has now opened its profession to all graduates and created divisions such as building, civil engineering, mechanical and electrical ...