Real Estate News

A 42 year-old building contractor, Adegboyega Olamilakan was on Friday, arraigned before an Abeokuta Magistrates’ Court, Isabo in Ogun, for allegedly defrauding his customer of N52million. Olamilakan, whose address was not provided, is facing a three-count charge of fraud, stealing and threat to life. The Prosecutor, Insp. Sunday Eigbejiale, told the court that the accused committed the offences in 2016 ...

After an initial effort that eventually turned out to be a ‘false start’, a fresh move to facilitate the mobilization of fund for the provision of houses for Nigerians at affordable prices may be in the offing. The move would rejuvenate mortgage sector as part of the wider plans of overhauling housing financing institutions in the country. Coming under the ...

Governor Akinwunmi Ambode of Lagos State has been lauded for approving the downward review of the amended Land Use Charge Law 2018 to 50 percent for commercial property as well as other LUC waivers that will give economic succour to owners of property and taxpayers in Lagos State. Lagos State Commissioner for Finance, Mr Akinyemi Ashade, at a media briefing ...

The Minister of Transport, Mr Rotimi Amaechi said on Wednesday that the Federal Government was committed to improving the standard of living of its citizens through infrastructure development. Amaechi said this at the 2018 Africa Forum of the Chartered Institute of Logistics and Transport (CILT), in Abuja with the theme `Building Capacity for Efficient Logistics and Transport Services in Africa’. ...

At least, four persons have been confirmed dead in three different auto-crashes along Lokoja-Abuja road between Sunday and Tuesday this week. Two persons were crushed to death by a hit-and-run truck on Sunday night at Gada Biyu village, on Abuja- Lokoja road A witness told Daily Trust that the incident happened at about 9:12 pm when an unmarked truck coming ...

The convoy of Edo State Governor Godwin Obaseki was yesterday involved in an accident along the Benin-Lagos Express Road. The accident occurred in front of the University of Benin Teaching Hospital (UBTH) but no live was lost except for three persons who sustained injuries. When The Guardian visited the scene of the accident, some private vehicles were seen damaged alongside ...

Oyo State governor, Senator Abiola Ajimobi yesterday disclosed that the three ultra-modern model schools being constructed by his administration in Ibadan and Saki will soon be ready for inauguration. The governor who disclosed this during an inspection tour of two of the model schools, Oba Akinbiyi High School, Mokola and Islamic High School, Basorun, both in Ibadan, said the project ...

Akeredolu flags off the construction of the N19.3 billion coastline road linking Ondo and Lagos States has been flagged. The 51 kilometer Araromi-Akodo/Ibeju-Lekki road project is jointly funded by by Ondo State Oil Producing Area Development Commission (OSOPADEC} and Niger Delta Development Commission (NDDC]. Gov. Oluwarotimi Akeredolu of Ondo state performed the ceremony on Thursday at Araromi Seaside, Ilaje Local ...

A luxury mansion co-owned by former Vice President Atiku Abubakar, and his fourth wife, Jennifer Douglas, in the posh neighbourhood of Potomac, Maryland, United States, has been auctioned. The property gained international notoriety in 2005 after it was searched by the Federal Bureau of Investigations (FBI) in connection with a bribery scandal involving disgraced former U.S. Congressman, William Jefferson. The ...

Justice Oluwatoyin Ipaye of the Lagos State High Court in Igbosere yesterday convicted and sentenced an estate agent, Babatunde Habeeb to 1,230 years imprisonment for defrauding 101 unsuspecting accommodation seekers of N28 million, under the false pretence of giving them accommodation. The estate agent, Habeeb, also known as Babatunde Salawudeen, was handed the verdict after the judge found him guilty ...