Real Estate News

The Lagos State Building Control Agency (LASBCA) has embarked on public sensitisation to inform residents that all buildings in the state must have valid building approval plan. Mr. Olalekan Shodehinde, the General Manager, LASBCA, made this known at a sensitisation through the Lagos metropolis of Yaba, Tejuosho and Oyingbo area of the state. Shodehinde said that almost all the structures ...

Estate surveyors and valuers in the country have advised the Nigerian government to deploy part of the nation’s huge pension funds worth over eight trillion naira to the real estate sector as this will reduce the funding gap in the sector and assist even pensioners own their homes. The chairman estate surveyors and valuers registration board of Nigeria Nweke Umezuruike ...

Nigeria and China on Wednesday signed a $328m agreement for the Information and Communication Technology Infrastructure Backbone Phase II (NICTIB II) project. The concessional loan agreement between Galaxy Backbone Limited and Huawei Technologies Limited (HUAWEI) was signed by Nigeria’s Minister of Finance Kemi Adesoun and Wang Xiaotoa, Director-General, International Development Agency, in the presence of President Muhammadu Buhari and President ...

BAD ROADS – The Kebbi State Governor, Atiku Bagudu, on Tuesday warned that he would sanction contractors who failed to adhere to job specifications. ‘‘I will not tolerate poor execution of work from any contractor,” governor Atiku said. Mr. Bagudu gave the warning in Birnin Kebbi in a statement by his Chief Press Secretary, Abubakar Dakingari. He issued the warning ...

The Federal Government has approved the reconstruction of the port access roads running from Apapa port to the old toll gate in Ketu-Berger areas of Lagos. Disclosing this in Lagos, Managing Director of the Nigerian Ports Authority, NPA, Ms. Hadiza Bala-Usman, said that the Federal Executive Council, FEC, has approved ₦72 billion for the reconstruction of the port that will ...

A high court sitting in Lagos has restrained former president Olusegun Obasanjo’s in-law, Kenny Martin’s family, from evicting occupants of its Mushin house The order was granted following an exparte application filed by two of the tenants, Sallah Bambouh and Anadu Joe – Counsel to the applicants, F.O Egwudah, told the court that the order being sought was necessary to ...

The Enugu Electricity Distribution Company has appealed to landlords, caretakers and agents of property to ensure that their out-going tenants clear all electricity bills before leaving the house. EEDC Head of Communication, Mr. Emeka Ezeh, made the appeal while speaking to a correspondent in Enugu on Tuesday. Ezeh noted that the appeal became necessary as some tenants had made it ...

The federal government will leverage on the massive infrastructure of the Nigerian Postal Service (NIPOST) spread across the country to diversify revenue streams of the Service to generating revenue into government coffers. The Minister of Communications, Adebayo Shittu made this known at a one-day stakeholders’ conference organised by NIPOST held in Lagos on Friday. The Minister said the NIPOST will ...

Enugu State Governor Ifeanyi Ugwuanyi has begun comprehensive repairs of emerging potholes on urban and intercity roads in the state. The areas undergoing maintenance in Enugu metropolis, at the moment, include Ogui Junction, Otigba Junction, Savage Crescent, G.R.A and Damija, Trans Ekulu, among other locations. The project is in keeping with its administration mandate to provide and maintain existing infrastructure. ...

A 63-year-old landlord, Adekunle Santos, has been arraigned before an Igbosere Magistrates’ Court for allegedly removing the entrance door of his tenant’s shop and taking away property valued at N994,850. Reports show that Santos on May 23 around 3.30pm allegedly broke into his tenant’s shop, Esther Demola, and removed her door, thereby exposing her goods to thugs, who allegedly carted ...