Real Estate News

The Managing Director, Federal Mortgage Bank of Nigeria, Mr. Ahmed Dangiwa, says the lender has created more than N80bn mortgages since inception. Dangiwa stated this during the tour of Sedona Housing Estate in Igbogbo, Ikorodu, Lagos, which was financed by the FMBN and developed by Sedona Business Consults, an Abuja-based firm. The figure shows a 10.4 per cent increase in ...

The Managing Director (MD) of the Federal Housing Authority (FHA) Mortgage bank, Hayadeen Atiku Auwal, over the weekend handed over keys to 35 eligible contributors who have fulfilled all the basic requirements to access the National Housing Fund (NHF) facility in Gombe, the Gombe state capital. While handing over the keys to the cheerful beneficiaries, Atiku said the scheme was ...

The Federal Government is planning to construct over 10 trucks transit parks by 2019 in a bid to reduce the number of trucks induced accidents on Nigeria roads as a way to prevent the unnecessary loss of lives and property due to road accidents. Briefing the media at the conference for African Transportation Ministries, the Director for Road Transport and ...

The Federal Capital Territory Administration (FCTA), through the Satellite Towns Development Department (STDD) has flagged off the rehabilitation of Abaji-Rubochi 10.2 kilometers road, at the cost of N490 million. Speaking during the flag-off ceremony yesterday, Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, revealed that the administration has paid 15 per cent mobilization fee to an indigenous ...

Babatunde Fashola‎, minister of Power, Works and Housing said the federal government has concluded plans to recapitalise the Federal Mortgage Bank of Nigeria (FMBN) to a N500bn capital base, which would enable it play a more determinant role in closing the housing deficit in the country. The FMBN current capital base is currently put at N2.5 billion, of which the ...

37-year-old Nurudeen Bakare has stabbed his mother, Bosede Bakare, to death after an argument over his inherited property. Bakare has been arrested and charged to court following the death of his biological mother after he stabbed her. How it happened according to the prosecutor The prosecutor, Sergeant Modupe Olaluwoye, told a Yaba Chief Magistrates’ Court in Lagos how Bakare killed ...

A landlady, Musli Tiamiyu, broke into her tenant’s apartment and threw out his property in the rain in a bid to evict him, the prosecution told an Ikeja Magistrates’ Court on Tuesday. The 44-year-old trader, who resides at 10, Olorunshola St., Ojodu, a Lagos suburb, is being tried for burglary, damage, stealing and assault. Police Prosecutor Innocent Odugbo said the ...

Minister of Power, Works and Housing, Babatunde Fashola, has announced that President Muhammadu Buhari has approved the disbursement of funds recovered from looters under the 2018 federal budget. He made the announcement at the Herbert Macaulay Memorial Lecture organised by the University of Nigeria, Nsukka, yesterday. The Minister also disclosed that the President had approved N120 billion from the funds ...

The Federal Government has said it will ensure steady funding of three major projects namely; Lagos-Ibadan highway, Second Niger Bridge and Kano-Abuja road until they are fully completed. Minister of Power, Works and Housing, Babatunde Fashola, gave the assurance at the flag-off of Abuja-Kaduna-Zaria-Kano road project in Kano State. He said the uninterrupted funding of the projects would be sourced ...

Tenants of a building on Ijero Road, Apapa, Lagos State, have lamented the loss of their property after their landlady allegedly removed the roof of the house. The landlady was said to have been represented by the caretaker, Mrs. Tawakalitu Omotosho. It was gathered that the exercise, which started around 6 AM. on Sunday while it was raining heavily, led ...