Real Estate News

The Managing Director of Infinity Trust Mortgage Bank (ITMB) Olabanjo Obaleye has said it was difficult for mortgage industry to make a meaningful impact without government `s firm commitment to relax the policies surrounding property rights, perfection, and transfer in terms of time and cost. He stated this during the unveiling of new logo and brand direction of the bank ...

The Cross River Government says its target is to complete the 300kilometres of road projects it has embarked upon across the state by 2019. The state Commissioner for Works, Engr. Dane Osim-Asu, disclosed this in Calabar. Osim-Asu said the roads were being constructed with a view to linking together more communities and promoting economic activities in the state. “The Ministry ...

Governor Abiola Ajimobi of Oyo on Wednesday demanded a refund of N33 billion from the Federal Government, being money the state spent on reconstruction and rehabilitation of federal roads in the state. Ajimobi made this demand while receiving a federal government’s delegation to the state, led by the Minister of State for Power, Works and Housing, Suleiman Zarma in Ibadan, ...

There seems to be confusion among residents of Warri following the introduction of “Residential Tenement Rates ” by the Warri South Local Government Council led by Hon. Michael Tidi. Tidi explained in a chat that there is “Commercial” and “Residential Tenement Rates” in places like Lagos State but he insisted that the payment is not for the tenants but for ...

No fewer than 2, 598 Nigerians died in road accidents between October 2017 and March 2018, according to the National Bureau of Statistics (NBS). The NBS disclosed this in the Road Transport Data for the 4th quarter, 2017 and 1st quarter, 2018, posted on its website. The breakdown showed that 1, 306 Nigerians died in road accidents in the fourth ...

Road construction – The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N5.1 billion for the rehabilitation of Ila Orangun – Oke Ila – Ilale Aka road linking Osun to Ekiti State. The Minister of Information and Culture, Lai Mohammed, disclosed this when he briefed State House correspondents on the outcome of the council’s meeting ...

Secretary to the Government of the Federation, Boss Mustapha has advocated for a comprehensive social housing roadmap to tackle the huge housing deficit in the country and entrench policy sustainability in the sector. According to a statement from his media office, the SGF stated this when he received in audience the bard members of the Federal Housing Authority in his ...

Dr. Hannatu Fika, the Executive Secretary, Federal Government Staff Housing Loans Board (FGSHLB), said that the board had helped over 30,000 civil servants to access loans to own houses. Fika made this known in an interview with the News Agency of Nigeria (NAN), on Monday in Abuja. She said that public servants were the engine room of good governance, adding ...

In a bid to tackle lack of funding for infrastructure projects, the federal government has set aside N199 billion Presidential Infrastructure Funds to tackle critical projects of the President Muhammadu Buhari’s administration. This was revealed by the Minister of Information and Culture, Alhaji Lai Mohammed while inspecting and showcasing the dualisation of the Ibadan to Ilorin road awarded since 2010 ...

A businessman, Olukorede Roberts, has told an Ikeja High Court, Lagos, how he was defrauded of N80m by a self-styled real estate agent, Jimoh Olawale. Olawale is facing two counts of obtaining money by false pretences and stealing. Roberts, while being led in evidence by Mr. E. A. Jackson, a prosecutor for the Police Special Fraud Unit, gave details of ...