Real Estate News

The Federal Government has committed over N3 trillion into infrastructure development in the country. The Minister of State II for Power, Works and Housing, Suleiman Zarma made this known on Wednesday when he paid a courtesy visit on the Gov. Yahaya Bello of Kogi. Reports show that the minister, in the company of some ministry’s officials was in the state ...

The minister of works, power and housing, Babatunde Fashola, rejected some projects in Kebbi. He stated that the federal government will not accept the projects until they are done in compliance with the contractual agreement. One of the contractors promised to effect the corrections noted by the minister and deliver the projects on time The minister of works, power and ...

The Ministry of Power, Works and Housing on Wednesday threatened to terminate the contract for the dualisation of the Abaji-Koton-Karfe road due to “negligence” by the contractor for five months. The Director of Highways Constructions and Rehabilitation of the ministry, Dayyabu Mamman, made the recommendation on Wednesday during an inspection by the Minister of State II for Power, Works and ...

The Lagos State Lands Bureau on Tuesday said that over N11.85 billion had been approved as compensation for property owners affected by the alignment and right of way for construction, reconstruction and dualisation of roads. The Special Adviser to Gov. Akinwunmi Ambode on Urban Development, Mrs. Yetunde Onabule, disclosed this to newsmen at the ongoing Ministerial Briefing to mark the ...

The Lagos State Lands Bureau performance dropped in revenue generation by N10.19 billion accruing from land transaction in 2017, representing a 50 percent fall in land revenue. In 2016, the Lands Bureau recorded an all-time high in revenue generation from land transaction as it hit N20.77 billion, but this was half into two in 2017 as it generated N10.579 billion, ...

Residents of Ikarama community in Yenagoa Local Government Area of Bayelsa State have embarked on a peaceful protest to request the Nigerian Agip Oil Company to construct a two-kilometer access road to its oilfields in the area. Hundreds of community members, who sang solidarity songs and danced around the riverside settlement, made the demand during an advocacy rally at Ikarama ...

More evidence that architectural companies are embracing design and build concepts are emerging, following the lull in the construction activity. The move is triggered by declining new projects coupled with escalating construction cost that has forced individual builders to vacate sites. Design-build is a project delivery system used in the architectural companies. It is a method to deliver a project ...

The Secretary of Government of the Federation (SGF), Mr. Boss Gida Mustapha, has said the Federal Government will soon make dossier of persons with significant control over incorporated companies available to the public in order to stop secret ownership of companies and property in the country. Mr. Mustapha who disclosed this in Abuja, yesterday, during the opening ceremony of the ...

By virtue of rule 7(3) of the Rules of Professional Conduct, the business of selling land is a trade or business incompatible with the practice of law. They disclosed that any lawyer caught in such act will be thoroughly dealt with. They sighted the example of the case of NBA v Ibebunjo (2013) 18 NWLR (Pt.1386). In this case, the ...

Risikat Adeniyi Adegeye, wife of music legend, King Sunny Ade, is currently entangled in a legal battle over an alleged N45.4 million debts due on a loan facility advanced to her by Sterling Bank in 2008. She is in court to challenge an order granted to the Asset Management Company of Nigeria (AMCON) to take temporary possession of the property ...