Real Estate News

To curb the menace of building collapse, the Federal Government has said it would partner building professionals to uphold standards in the industry. The Minister of Interior, Ogbeni Rauf Aregbesola said this during a meeting with the leaders of the Nigerian Institute of Building in Abuja. Aregbesola, who alluded to the philosophy of placing prevention above damage control or medicine ...

Properties worth millions of naira were gutted by fire at the Akoko Anglican Grammar School in Arigidi Akoko, Akoko North-West Local Government Area of Ondo State on Sunday. It was gathered that the fire, which started around 9 am, burnt down the school’s skills acquisition workshops. According to an eyewitness, some of the items destroyed by the inferno included sewing ...

Two buildings on Friday collapsed at Okota and Lagos Island areas of Lagos, Southwest Nigeria. On 12 Alasepe Street, off Community Road, Ago Palace Way, Okota, a three-storey building under construction collapsed, with one person trapped, who was later rescued while on Lagos Island, a two-storey building collapsed at Agarawa area. Dr. Femi Oke-Osanyintolu, Director-General, Lagos State Emergency Management Agency, ...

The Lagos State House of Assembly has passed the Property Land Use Charge Bill into Law. The House passed the bill into law at plenary session on Thursday through voice vote by members of the assembly. The House amended the Land Use Charge Law 2018 endorsed by the immediate past governor, Mr. Akinwunmi Ambode. The Speaker, Mr. Mudashiru Obasa, said ...

The Federal Capital Territory (FCT), High Court, Jabi, Abuja has revoked the bail it granted Abuja based property developer, Joseph Idoko, and ordered that he be remanded in the custody of the Economic and Financial Crimes Commission, EFCC for arriving the court late. Idoko is facing a five count-charge bordering on conspiracy, forgery and criminal breach of trust, having allegedly ...

A man, yet-to-be-identified, was trapped under rubble as a three-storey building under construction collapsed in Ago Palace Way axis of Lagos State on Friday. The Director-General of Lagos State Emergency Management Agency (LASEMA), Dr. Oluwafemi Oke-Osanyintolu, who confirmed this, noted that emergency officials were already at the scene and making efforts to rescue the trapped person. Oke-Osanyintolu, however, gave an ...

Chairman of UBA Group, Tony O. Elumelu, has donated a multipurpose Information Technology Center to his alma mater, Ambrose Ali University. Through the UBA Foundation, the corporate social responsibility arm of the United Bank for Africa Plc (UBA), Elumelu has championed the construction of a state-of-the-art multipurpose information technology building, which will benefit the students of Ambrose Alli University in Ekpoma, ...

The Nigerian Ports Authority has raised the alarm, that residents of Apapa are turning their properties into private jetties and terminals where they berth barges and evacuate cargoes. Managing Director of the NPA, Hadiza Bala-Usman, who raised the alarm at a stakeholders’ meeting organised by the Nigerian Shippers’ Council in Lagos recently, said that the agency had done its investigations, ...

The Lagos State Government has urged residents to test materials before embarking on any construction work to reduce the spate of building collapse in the state. A statement on Wednesday said the acting General Manager of the Lagos State Materials Testing Laboratory, Olalekan Ajani, spoke during a meeting with officials of the Lagos State Emergency Management Agency. Ajani, according to ...

Shelter plays a critical role in human existence, without which peaceful co-existence would be dreadful. Irrespective of its intrinsic value, Nigeria is challenged with population growth, a situation that had increased squatter and slum settlements across major cities in the country. With an annual population growth rate of 3.5 percent, Nigeria needs additional one million housing units annually to reduce ...