Real Estate News

A contractor to the Niger Delta Development Commission (NDDC) Francis Momoh, who was accused of paying multiple kickbacks to former Executive Director of Projects of the commission, Tuoyo Omatsuli yesterday urged a Federal High Court in Lagos to lift the temporary order of forfeiture placed on two properties located in the Lekki area of the state. Momoh, who is claiming ...

Anambra Government says it will soon carry out revalidation of title documents in some of the Government Layouts in the state. The Commissioner for Lands, Nnamdi Onukwuba, said on Monday that the revalidation was aimed at ascertaining the genuine plot owners and to determine the current status of every allottee. Onukwuba said It is also to ensure that genuine plot ...

Senate Committee on Lands has hailed Anambra State government for their commitment towards partnering the Federal Government in the contribution to the National Housing Scheme. Chairman, Senate Committee on Lands, Housing and Urban Development, Banabas Gemade, said this when he led his committee on a courtesy visit to Governor Willie Obiano, at Governor’s Lodge, Amawbia, on Tuesday. Other members who ...

Gas explosion: Property estimated at several millions of naira was on Tuesday evening destroyed by fire in Calabar, Cross River State capital. The gas explosion occurred at a gas refilling plant along MCC Road, close to Effio-Ette junction at about 6 pm. An eyewitness, who gave his name as Matthew, said that he and others were watching football around the ...

The impact of high mortgage interest on the nation’s housing delivery has continued to be a source of worry for operators. This is because of the importance of housing finance in improving coverage rate, which has unfortunately remained at a dismal 25 per cent. Experts have insisted that housing finance is central to the nation’s economic development. Lack of proper ...

200 Housing Units – The Dangote village is a self-sufficient set of 200 housing units worth N2 billion, with school, hospital, irrigation and poultry farms among others, to enable the occupants make a living. Dangote also gave each of the beneficiary N100,000 to start a new life. The foundation’s chairman, Aliko Dangote, said about N7 billion has been donated to ...

Two persons died when a truck loaded with boards and plywood tilted on the Ojuelegba Bridge, Surulere, Lagos State late on Tuesday evening. Two other persons were also injured, according to an update provided by the General Manager, Lagos State Emergency Management Agency (LASEMA), Mr. Adesina Tiamiyu. Reports show that the accident occurred at 8.p.m. Similar accidents had claimed lives ...

The plan by the Federal government to deliver 100,000 units of affordable homes to Nigerians, under a social housing scheme annually, has been attracting the attention of those in the housing sector, asking for more clarification on the issue, especially, the modality at which the project will be delivered. The Minister of State for Power Works and Housing II, Hassan ...

President Muhammadu Buhari will sign the 2018 budget into law on Wednesday. A presidential source revealed that the budget would be signed at 11 A.M. Last week Femi Adesina, special adviser to the president on media and publicity, had told state house correspondents that the president would give assent to the budget this week. Two weeks ago, Udoma Udoma, minister ...

In a renewed move to attract more real estate investors and encourage effective property documentation in the country, shareholders are seeking Federal Government’s intervention to ease land documentation process and fees charged on documentation. National Chairman, New Dimension Shareholders Association, NDSA, Mr. Patrick Ajudua, made the appeal at the just-concluded 12th Annual General Meeting of Infinity Trust Mortgage Bank, ITMB, ...