Real Estate News

A 35-year-old bricklayer, Sunday Ajayi, has been jailed for six months by an Ibadan Magistrates’ Court sitting in Iwo Road after being found guilty of breaking into the Oyo State Government House in the Agodi area of Ibadan and stealing property worth N535,000 from members of the police bomb squad stationed on the premises. Police prosecutor, Sunday Ogunremi, told the ...

President Buhari’s administration will continue to secure Nigeria, upgrade infrastructure and ensure its wealth is not hijacked by a greedy few. The Acting President, Professor Yemi Osinbajo stated this on Tuesday during a one-day working visit to Zamfara State. Professor Osinbajo, who was received by Governor Yari Abdulaziz, also inaugurated projects executed by the state government during the visit. Projects ...

Delta State Government has assured the people of Okwagbe, Otutuama, Esaba in Ughelli-South Local Government Area whose properties were destroyed due to the ongoing road project in the area that their compensation would be paid before the end of August. Chief James Aguoye, State Commissioner for Works, stated this weekend, during his inspection of the road been constructed in the ...

Borno State Governor Kashim Shettima yesterday launched 15 heavy-duty construction equipment worth N550 million for construction of a highway from Ngala to Kala-Balge local government areas through Rann in northern part of the state. The equipment includes sets of heavy lifting cranes, graders, excavators, tar boilers, bulldozers, smooth, steel and pneumatic rollers, shift foot compactors, water tankers and hundreds of ...

An estate surveyor and valuer, Chief Kola Akomolede, has revealed plans to shed more light on some of the challenges confronting the housing sector, with a view to helping stakeholders find solutions to them. Akomolede said the thoughts had been captured in a book entitled ‘40 years of housing discourse’, a compilation of some of his articles which had been ...

The management of the Adeleke University, Ede on Friday, August 10, called on the police in Osun state over a threat from the Oshun Ceramic Industries Limited to demolish all buildings on the premises of the university. The registrar of the university, Oyerinde Oyejola, said in a letter written to the commissioner of police in Osun state that the university ...

Mr. Olayinka Omotosho, Chairman, Royal Institution of Chartered Surveyors (RICS), has appealed to the Federal Government to provide long-term funds to mortgage institutions to enhance their scope of operation. Omotosho reported on Monday in Lagos that affordable housing could only be achieved through effective mortgage system, which was not available in the country. He said the conventional banks offering mortgage ...

The General Manager of West African Ceramics Ltd, foremost manufacturer of the ROYAL brand of tiles, grouts and tile adhesives, Mr. Bhaskar Rao, has stated that the idea behind opening of ultra-modern showrooms across the country known as Royal Exclusive Showroom stocked with the company’s range of products is basically to support affordable housing in Nigeria. Rao disclosed this at ...

A Sokoto Chief Magistrates’ Court, on Monday, granted four traders bail in the sum of N400,000 for alleged theft and receipt of stolen property. The accused are; Bashar Malami, 28; Hassan Umar, 27; Mubarak Hassan, 26 and Saifullahi Mohammed, 26. The suspects, who reside in Sokoto metropolis, are facing three charges of criminal conspiracy, theft and receiving stolen property. They, ...

Abandoned Properties – The once boisterous building located close to Ikeja under bridge, at Awolowo Road has remained a shadow of its old self-courtesy of the recent sealing order obtained by the Economic and Financial Crimes Commission (EFCC). The mixed-use building, which used to be centre of attraction, is currently placed under lock and key by the anti-graft agency and ...