Real Estate News

The Rural Access Mobility Project (RAMP) of the World Bank has earmarked $60 Million  for the construction of 579 kilometres of rural roads across the 25 local government areas of Niger state before the end of 2019. The state is however expected to contribute some percentage of the contract sum as counterpart funds. The National coordinator of RAMP, Alhaji Uban ...

The Presidency said it will soon publish the list of 200 individuals who corruptly acquired properties across the country. The Special Assistant to the President on Prosecution, Okoi Obono Obla disclosed this yesterday at the inauguration of a new software application for tracking illicit properties in the country developed by a civil society organization, African Network for Environment and Economic ...

The Nigerian cabinet has approved over N34 billion naira for the execution of various road projects across the country. Minister of Works, Power, and Housing, Babatunde Fashola disclosed this to Journalists on Wednesday soon after this week’s cabinet meeting, Chaired by President Muhammadu Buhari. The Minister, who presented four memos at the weekly cabinet meeting said, “The memos presented for ...

Popular Yoruba nollywood actress and filmmaker, Yetunde Akilapa, was yesterday brought before an Ikeja Chief Magistrates’ Court charged with the break-in and stealing of valuables worth N7 million. The actress is standing trial on a three-count bordering on burglary and stealing to which she pleaded not guilty. Police Prosecutor Benson Emuerhi told the court that the accused committed the offences ...

The Nigerian Communications Commission(NCC) says it has mobilised the Nigeria Security and Civil Defence Corps to protect the equipment and installations of leading digital mobile operator, MTN Nigeria Communications Limited. This followed the picketing of the MTN head office in Lagos and other offices in different parts of the country on Monday by the leadership of the Nigerian Labour Congress ...

Police on Tuesday arraigned a 37-year-old engineer, Ayodele Ade-Aina, at an Ikeja Magistrates’ Court for allegedly stealing 800 bags of cement. The accused, who lives at Aggrey Road, Yaba in Lagos, is facing a two-count charge of stealing and false pretext. The prosecutor, Sgt. Michael Unah alleged that the accused, under false pretext, obtained 800 bags of Lafarge cement valued ...

Some aggrieved hoteliers in Maiduguri have demanded compensation for their property demolished by the Borno Government. The spokesperson of the hoteliers, Mr. Abraham Kaanti, said at a press conference on Tuesday in Maiduguri that the action of the government had contravened constitutional provisions and was an infringement of their fundamental human rights. Kaanti disclosed that 57 hotels and inns were ...

Ogun State government has threatened to sanction residents and owners of properties across the state over poor sanitation. They urged them to ensure their structures are not overgrown with weeds, saying, anyone found wanting would be sanctioned appropriately. A statement signed by the Commissioner for Environment, Mr. Bolaji Oyeleye, said owners or residents of bushy properties, who refused to clear ...

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called on the African Export-Import Bank (Afreximbank) to invest more in the area of infrastructure development with a view to promoting trade and investment on the continent. Adeosun made the call on Wednesday in Abuja, at the opening of the Afreximbank Annual General Meeting and 25th Anniversary of the organisation tagged: “Celebrating ...

The World Bank and Central Bank of Nigeria (CBN) have initiated collaborations in efforts to review the existing Land Use Act laws and create enabling environment for the mortgage activities to thrive in the country. The move aimed at enhancing housing delivery in the country is coming on the heels of an affirmation that Nigeria has about 16 million housing ...