Real Estate News

An 18-year-old man, Safullahi Hassan, was on Tuesday arraigned in a Karshi Grade 1 Area Court, Abuja, over alleged receipt of stolen property worth N54,000. The defendant, a resident of Nyanya Pantaker, Nyanya, Abuja, is facing a charge of dishonestly receiving and purchasing stolen property, an offence he denied committing. The prosecutor, Mahmud Lawal, told the court that the defendant ...

The proprietor of Whiteplains British School has approached the Court of Appeal to challenge the judgment of the lower court over the tripartite legal mortgage agreement with First Bank of Nigeria Plc. The school has been in the news lately over alleged attempt by the bank to take over the school, following the judgment given by Justice Binta Nyako of ...

The federal government has joined forces with stakeholders in the construction, research, standardisation and building materials sector to harmonise the quality of building materials in order to avert incidences of building collapse. The minister of power, works & housing, Babatunde Raji Fashola, stated this in Abuja yesterday at the 6th national housing summit, organised by Nigerian Institution of Estate Surveyors ...

The Police on Monday arraigned a 42-year-old man, Adams Dokse, in a Karu Magistrates’ Court, Abuja, for destroying property worth N511,500. Dokse was arraigned on a two-count charge bordering on trespass and mischief, offences he denied committing. The prosecutor, Vincent Osuji, told the court that one Robert Ach-Ugbede of Supreme Court Quarters, Karu, Abuja, reported the matter at the Karu ...

The Federal Mortgage Bank of Nigeria (FMBN) on Monday disclosed that it had disbursed the sum of N14.7bn to 17,062 beneficiaries across the country in the last two years under various loan windows. The Executive Director, Business Development and Portfolio Management, FMBN, Umar Abdullahi, confirmed this during the presentation of cheques to staff members of the Federal Medical Centre, Birnin-Kebbi, ...

The Chief Justice of Nigeria, Walter Onnoghen, and the President of the Court of Appeal, Zainab Bulkachuwa, said the Asset Management Corporation of Nigeria (AMCON) can leverage the alternative dispute resolution (ADR) infrastructure in courts in its debt recovery mandate. The two justices’ spoke on Monday in Abuja at the interactive session between Justices of Supreme Court; Court of Appeal, ...

The Building Collapse Prevention Guild (BCPG), Ikeja Cell, has called on prospective building developers and clients to engage the services of quantity surveyors before embarking on construction projects. A statement from BCPG quoted Mrs. Adejoke Alabi, a former Head of Quantity Surveying Department, Lagos State Ministry of Works and the lead speaker at a seminar organised by BCPG Ikeja Cell, ...

Many prospective property investors are becoming wary of the gale of promotions for off-plan sales characterised by incentives for buyers of new homes. The concept has gone more radical recently, with the private developers offering mouth-watering discounts, installment payments and dangling other attractions to buyers. The traditional marketing ploys include the use of glossy and beautiful brochures and advertising to ...

The Ondo State University of Science and Technology (OSUSTECH), Okitipupa, says one of its lecturers, Prof. Adegboyega Obadofin, has died in a fire incident at his residence. The Vice-Chancellor of OSUSTECH, Prof. Sunday Ogunduyile, revealed this in Okitipupa that the university authorities had reported the matter to the Police to ascertain the cause of the fire. Ogunduyile said that the ...

FCT authorities will from next week begin the demolition of structures that violate building plans or fail integrity test. This is part of measures to mitigate building collapse in the Federal Capital Territory, an official said. The exercise will be carried out by The Department of Development Control of the Abuja Metropolitan Management Council (AMMC). The first structure to be ...