Real Estate News

Mr. Olajide Omokore, an ally of former Petroleum Minister, Mrs. Diezani Alison-Madueke, yesterday, lost his bid to recover his property forfeited to the Federal Government by a Federal High Court sitting in Lagos, as his suit was struck out. Omokore had filed the suit against the Economic and Financial Crimes Commission, EFCC, seeking to secure the release of his property ...

An Awka High Court on Monday adjourned until May 7, the pre-trial conference in the sharing of late Sir Louis Odumegwu-Ojukwu’s estate. The Judge, Justice Dennis Mmaduechesi, adjourned the case, following the failure of Counsel to the first defendant, Mr Okwuchukwu Ugolo (SAN), to comply with the court rules with respect to change in counsel. The court also observed that ...

Gov. Atiku Bagudu of Kebbi has approved the release of N984 million as compensation to property owners affected by ongoing township road construction projects in eight major towns in the state. The governor disclosed this in a statement by his Press Secretary, Alhaji Abubakar Muazu, made available to newsmen in Birnin Kebbi on Monday. Giving a breakdown of the amount, ...

The United Nations Education, Scientific and Cultural Organisation (UNESCO) has denied contributing funds for the repair of Olaiya-Ita Olokan road which leads to the Osun Groove in Osogbo, the state capital. UNESCO’s clarification followed a statement credited to a former deputy governor, Iyiola Omisore that the international organisation paid over 70 percent of the cost of reconstructing the 2.8-kilometre road. ...

The Osun State Government has blasted the former Deputy Governor of the state, Senator Iyiola Omisore, over his comment on the 2.8 km road in Osogbo, describing him as a liar and unfit to govern the state. It said Omisore should apologise to the people of the state, “for lying on the funding of the recently commissioned Workers Drive Road ...

Kogi State Government says it is in partnership with Julius Berger Nigeria PLC to construct 10 key roads across the three Senatorial districts of the state for infrastructure development of the state. Mr Abdulmumuni Sadiq, Commissioner for Works, disclosed this on Monday in Lokoja while addressing journalists at the end of a Reconnaissance Survey of the roads by a team ...

The Lagos State government yesterday approved payment of over N1.4 billion as compensation for affected property owners on the alignment/right of way for construction and re-construction of dilapidated roads, flyover and ramps aimed at alleviating traffic gridlock in parts of the metropolis. The approval, the state said, was to improve the economic lives of affected property owners. Appreciating the gesture, the ...

The Minister of Power, Works and Housing, Mr Babatunde Fashola, has called on Nigerians to be patient with contractors handling federal road projects over inconveniences caused by the on-going projects. Fashola made the appeal in Kano on Sunday while he was inspecting Federal Government road projects in Kano State. The projects inspected by the minister were the expansion of Kano-Katsina ...

The Nigerian Institution of Estate Surveyors and Valuers, Lagos State Branch, has intensified moves to end quackery in the real estate profession. One of the recent moves was the launch of a website where all accredited estate surveyors and valuers would have their profiles and products displayed. During the unveiling of the website at a business luncheon in Lagos, the ...

Since the Lagos State House of Assembly passed the new Land Use Charge bill on the 29th January 2018 and the Governor of Lagos State, Akinwunmi Ambode signed the bill into law on the 8th February, 2018, the law has received varied opinions from the populace. We have received several calls from stakeholders as custodians of physical assets and managers ...