Real Estate News

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned one Muhammed Ibrahim Tukur before Justice Emeka of the Federal High Court Kaduna, on 3 count charge bordering on forgery and obtaining by false pretence. The accused is facing prosecution following a transaction he carried out in 2016 after selling a plot of land which the documents attached were forged ...

The Minister for Works, Power and Housing, Mr. Babatunde Fashola, last weekend inspected Federal Government’s on-going projects in the South-East geopolitical zone, starting from Abia, Imo, Enugu, Ebonyi to Anambra states. Arriving at the Enugu border with Abia State, after his departure from Imo State, the Minister rode through one flank of the Enugu-Port Harcourt Expressway, stopping at the CGC ...

Landowners at Nitel Estate, Awolowo Road in the Ikorodu area of Lagos State, have alleged that some landowners in the area built on their land in violation of a subsisting order by a High Court. They said there were two orders that restrained parties to the dispute on the land from doing anything on the land, but said some people ...

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday approved the construction of a bridge at the Fagba intersection to ease the perennial traffic gridlock and reduce travel time within the axis. Ambode approved the construction of the Fagba Bridge after an inspection of the ongoing construction of Pen Cinema Flyover, where he observed the need to holistically address the traffic ...

Justice Mojisola Dada of an Ikeja Special Offences Court, Lagos has refused bail to two Managing Directors (MDs), Samuel Okeke of Samadores Ltd and Aqua Rock Real Estate, and Ifeanyi Ndigwe of Icon Communications Ltd over property scam. The trial Judge rejected their applications following opposition from the Economic and Financial Crimes Commission (EFCC). Okeke, Ndigwe, and the Managing Director ...

Vice President Yemi Osinbajo has disclosed that the Federal Government has invested close to 10 billion dollars in infrastructure development in the last three years. Speaking on Tuesday at the opening session of the Direct Investors Summit Nigeria, the vice president said the investment which focused on road projects, power and a new national rail network, was unprecedented. He said: ...

The federal government is seeking alternative funding for the rehabilitation of the Lagos-Ota-Abeokuta road, having realised that budgetary provisions would lead to the repair work being abandoned again. The Director, Federal Highways, South West, Busari Olalekan, an Engineer, who represented the Minister of Power, Works and Housing, Mr. Babatunde Fashola at the resumption of rehabilitation of the road, recently, assured ...

The Federal Government on Tuesday said that the National Housing Programme was designed with ‘Ramps’ for mobility and interactions in consideration of people living with disabilities. The Minister of State II for Power, Works and Housing, Alhaji Suleiman Zarma, made this known during an inspection of the ongoing construction of the NHP in Ado-Ekiti. Zarma, in the company of some ...

Lagos and Ogun business community including residents were excited in March this year when the Federal Government through the Federal Executive Council (FEC) announced that it has approved N20.8billion for the rehabilitation of Ikorodu-Shagamu road. Most delighted by the announcement is Senator Gbenga Ashafa, lawmaker representing Lagos West senatorial district in the National Assembly. Since he was elected as a ...

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has disclosed plans to create verifiable data for prospective investors in the housing sector. Chairman of the Lagos branch of the institution, Rogba Orimolade, stated this yesterday during a courtesy visit to The Guardian in Lagos. He said the initiative, to be spearheaded in Lagos, would address the shortfalls in the ...