Real Estate News

Two Odua Peoples’ Congress (OPC) factions engaged each other in a supremacy battle yesterday in Oke-Ado area of Ibadan, the Oyo State capital, leaving one person dead, several others injured and valuable properties destroyed. The state police Public Relations Officer, SP Adekunle Ajisebutu, confirmed the incident to Daily Trust on phone that one person died in the fracas, adding that ...

A Civil Society group, Movement For Nigeria has alleged that former President Olusegun Obasanjo converted some national assets into personal use during his time as President. The group said the action of the ex-president amounted to stealing of assets belonging to Nigerians and called for his immediate prosecution by anti-graft agencies. Addressing journalists in Akure on Monday, Olaiya Ayomide, National ...

Gearing up for a veritable funding source for the sub-sector, mortgage operators (MBAN) have moved to explore the suitability, applicability and the possibility of adopting the non-interest mortgages to unlock the potentials of the Sukuk model. The operators, under the aegis of the Mortgage Banking Association of Nigeria agreed in a seven-page communiqué after its chief executive officers retreat in ...

Fulani herdsmen have been fingered in a fire incident that destroyed properties worth millions of naira at the National Youth Development Centre Mgbakwu in Awka North Local Government area of Anambra State. The fire, which burnt down the bungalow housing the office of the principal of the center, was alleged to have been ignited by some suspected Fulani herdsmen grazing ...

Shelter Rights Initiatives, a Non-Governmental Organisation (NGO), has appealed to the Federal Government to replicate its laudable agricultural sector programmes in the housing sector to solve housing deficit. The President of the NGO, Mr Festus Adebayo made the call in Abuja on Saturday. The official said that the Federal Government’s Anchor Borrowers’ Programme (ABP) for an agricultural loan should be ...

Lagos-based property development firm, Messrs Tetramanor has announced plans to expand its housing firm in the mainland area, with 40-units of homes in the Ebuta-Metta axis of Lagos. The new project called; TM Meadows, about five-minutes from the Third Mainland Bridge consist of 40 units of two, three and four bedrooms all fully finished and having maid’s rooms. The estate ...

After an initial effort by Buhari administration that eventually turned out to be a ‘false start’, a fresh call has been made by real estate experts for the creation of an infrastructure fund, which will lead to significant private sector investments and economic growth. Figures obtained show that Nigeria is under investing in infrastructure. For instance, during the five years ...

YORUBA leaders under the aegis of Yoruba Summit rose at an extraordinary session on Thursday in Lagos to denounce the renewed attacks on Yoruba property and persons by Fulani herdsmen, describing such as unwarranted and provocative. This was just as they declared their strong objections to what they termed the obnoxious and vexatious proposal by the Federal Government to establish Cow Colonies ...

Ibadan – The site where the people of Saki town in Oyo state proposed to build an ultra-modern fire service station has become a subject of controversy in recent time . At the centre of the controversy is the Honourable Minister of Communications, Barrister Adebayo Shittu, who is an illustrious son of the ancient Saki town. While authorities of the Saki West ...

The contractors handling the rehabilitation works on the Apapa Marine Beach Bridge yesterday disclosed that works on the bridge have been completed and the bridge ready for use. The project contractors and the supervising engineers for the contract disclosed this to Independent. Mr Ghassan Kaadi of Buildwell Plants and Equipment Industries Limited, the project contractor, told our correspondent that rehabilitation ...