Real Estate News

With the dearth of decent and affordable accommodation biting harder among Nigerians coupled with the attendant escalating cost of rents, the Chief of Naval Staff, Vice Admiral Ibok-Ete Ekwe Ibas, recently said that only 30 per cent of the officers, representing 6,000 personnel have permanent accommodation. Ibas, who spoke during the commissioning of the Nigerian Navy Officers Quarters at Kubwa, ...

The Federal Road Safety Corps (FRSC) says 456 people died and 3404 others were injured in 826 accidents recorded nationwide in January. The FRSC stated this in its CCC report for January signed by its Corps Marshal, Boboye Oyeyemi. According to the report, the January accident figure represents a 4-per cent decrease compared with the previous month of December 2017, ...

Lagos State Governor, Mr. Akinwunmi Ambode Thursday promised to deliver the reconstruction of Oshodi-Airport road and Oshodi transport interchange by December this year, citing their strategic significance to traffic management in the state. The governor equally pledged to compensate all stakeholders, whose buildings were affected during the reconstruction of Oshodi-Airport road, noting that the state government would pay property owners ...

Ikeja – Following his acquittal of fraud charges, a businessman, Mr. Alex Ikpeme, has asked the Economic and Financial Crimes Commission (EFCC) to unfreeze his bank accounts and release his seized property. Ikpeme acquitted of a six-count charge bordering on stealing and making false statements to officials of the EFCC. The News Agency of Nigeria (NAN) reports that the judgment ...

The Federal High Court, Abuja, on Thursday, fixed April 30 to rule on an application, seeking the forfeiture of two properties belonging to Patience Jonathan, wife of former President Goodluck Jonathan to the Federal Government. The Economic and Financial Crimes Commission (EFCC), on Oct. 20, 2017, filed an ex parte application praying the court for an order of interim forfeiture ...

About N224.30 billion of pension funds representing about 2.89 per cent of pension assets has been invested in the real estate sector of the economy going by statements from the National Pension Commission (PenCom). PenCom’s decision followed pressures from stakeholders urging the regulator not to allow pension funds to be lying idle in the vault but to allow Pension Fund ...

As the Edo State government intensifies work on the reform of the health sector, the governor, Mr. Godwin Obaseki, has reiterated that the soon-to-be-unveiled state health insurance scheme and construction of 500 primary healthcare centers (PHCs) across the state will guarantee accessible and affordable healthcare  Gov. Obaseki said there is a nexus between the health insurance scheme and the PHCs ...

The Niger Delta Development Commission, NDDC, has pledged to fast track the 25-kilometre dual carriageway linking Imo and Rivers states through oil-bearing communities in both states. Mr. Nsima Ekere, the NDDC Managing Director, gave the assurance when he led a team of directors and engineers to inspect the road spanning several oil-producing communities. He explained that the road runs through ...

Windstorm has displaced over 500 people and destroyed properties worth millions of Naira in Ife- Ijumu in Ijumu Local Government of Kogi State. The member representing Ijumu State Constituency at the Kogi state House of Assembly, Victor Omofaiye, who raised the issue on the floor of the house on Wednesday, noted that the natural disaster caused untold trauma and pains ...

The Nigerian Society of Engineers (NSE) on Wednesday said it had earmarked N2 billion for its Community Engineering Project (CEP) aimed at developing the infrastructure of selected villages in the country. The President of the society, Mr. Adekunle Mokuolu, disclosed this at the closing of the Silver Jubilee of its Ikeja branch, Lagos. Mokuolu said the society would collaborate with ...