Home » Real Estate News (page 22)

Real Estate News

NIESV wants vertical housing development


The Nigerian Institution of Estate Surveyors and Valuers, (NIESV) has urged housing ministries at federal and state levels to adopt vertical development for increased building spread and infrastructural growth. The institution also advised government to consider vertical development model to improve housing provision rather than the current low built designs. Making the call during an interactive session with newsmen in ...

Read More »

Experts blame building collapse on low maintenance culture

building collapse

In a bid to find lasting solutions to the menace of building collapse in the country, experts in the built environment have identified low maintenance culture as one of the contributing factors to structural failure. Construction experts in the past said faulty designs; copied designs; lack of comprehensive subsoil investigation before designs are done; non-adherence to designs and professional advice ...

Read More »

Lagos to rehabilitate dilapidated public schools

dilapidated public schools

The Lagos State Government on Monday said it was set to embark on massive rehabilitation of some dilapidated public schools across the state to ensure conducive teaching and learning environment. The Deputy Governor, Dr. Obafemi Hamzat, made the disclosure during an inspection of some public schools in the state. Newsmen reported that some of the schools inspected were Maryland Nursery ...

Read More »

El-Rufai commissions ambitious Kaduna Renewal Project, signs MoU with CCECC


Gov. Nasir El-Rufai of Kaduna State, on Thursday in Kaduna signed a Memorandum of Understanding (MoU) with China Civil Engineering Construction Corporation (CCECC) for the road component of the Kaduna Urban Renewal Project. In his speech at the event, the governor said it would be the most comprehensive urban renewal project in the history of Kaduna state. “These investments will ...

Read More »

Adamawa Governor revokes lands allocated to APC Chair, Bindow Cronies


Adamawa State Governor, Ahmadu Umaru Fintiri, has revoked the plot of land allocated to Ibrahim Bilal, chairman of the All Progressives Congress (APC), by former Governor Jibrilla Bindow. The property is located on the expanse of land belonging to the Government Girls’ Secondary School (GGSS), Yola. Also revoked are other allocations made to associates of the former governor in the ...

Read More »

FMBN laments low capital base, legal framework


The management of Federal Mortgage Bank of Nigeria (FMBN), has decried the low capital base of the bank which it says has grossly affected the bank’s performance. The Managing Director of the bank, Mr. Ahmed Dangiwa, who said this during the two-day 2019 Board and Management strategy development retreat of the bank held, in Uyo, Akwa Ibom state, also disclosed ...

Read More »

Lagos residents cry out over forceful eviction by AMCON


Over three hundred residents/families of Victory Park Estate sitting on about thirty-three Hectares of land located in Osapa London along Lekki-Epe Expressway have raised the alarm over move by the Asset Management Corporation of Nigeria (AMCON to forcefully evict them from their properties. Speaking with journalists on behalf of the residents in Lagos, Mr. Benjamin Atebe, a lawyer, urged the ...

Read More »

Estate developer scams 200 accommodation seekers of N50m in Lagos

estate developer

The police have arrested a real estate developer, Alabi Idowu, for allegedly defrauding over 200 intending tenants in a newly-constructed building at No. 1 Karimu Street, off Oyebanjo Street, Alapere, Ketu, Lagos State. Report gathered that the developer allegedly also posed as the landlord of the building to defraud the prospective tenants to the tune of N50m. The developer, while ...

Read More »

Committee accuses Okorocha’s aides of looting N50bn govt property


The Chairman of the Committee on Recovery of Missing Government Movable Property in Imo State, Chief Jasper Ndubuaku, has disclosed that officials of the administration of former Governor Rochas Okorocha left with the state government’s property worth N50bn. The state governor, Chief Emeka Ihedioha, set up the committee shortly after he was sworn in. Addressing journalists in Owerri, the state ...

Read More »