Real Estate News

The multi-billion naira Safetowers Estate located at Ikate, Lekki, Lagos and promoted by Safetowers Mortgage Bank Limited and Macbosh Properties Limited has run into controversy which attracted the invitation of the EFCC (Economic and financial crimes commission) following contractual disagreements between the developers and an investor. Conceived in 2013 as a 3 blocks high rise building comprising 16 units of ...

Expectations are high that the redevelopment of the Onikan stadium, Lagos would be completed by December 2018 as the contractor has fully mobilised to site to intensify the rebuilding process. Lagos State Governor, Mr. Akinwunmi Ambode had last year approved the rehabilitation and upgrade of the 5,000 capacity sports facility to meet the expectations of a 21st century infrastructure suitable ...

The Lagos State Governor, Akinwunmi Ambode, yesterday pledged to pay compensations to owners of demolished buildings to facilitate construction. The governor, who spoke at the 10th Quarterly Town Hall meeting, said he would begin the payment in the next four weeks. He added that henceforth, such displaced persons would be relocated before construction begins. He disclosed that his government would ...

The death of a construction site worker has been blamed on a lack of safety measure meant to prevent such incident. In Rivers State, Nigeria, the death of an unidentified male constructor site worker who reportedly fell off a scaffolding has produced disturbing images considered gory to the sight. According to reports, the deceased landed into a compound located beside the ...

The Kaduna State Government has dismissed claims by the Peoples Democratic Party that it disengaged more than 36,000 workers including sacked teachers without commensurate employment for others. Alhaji Saidu Adamu, the Counsellor on Information and Communication to Governor Nasiru El-Rufai, dismissed the claim on Friday in Kaduna, insisting the claims of the PDP was baseless as the state government has ...

The chief executive officer of Benin Distribution Company, BEDC, Mrs. Funke Osibodu has said that electricity tariff increase is inevitable and Nigerians should expect an adjustment which will come at any time. The present tariff structure she argued is not sufficient to support commercial operations of distribution companies, Discos and therefore not sustainable. Speaking exclusively with our correspondent yesterday, she ...

Three commissioners were sacked on Thursday as Lagos State Governor, Akinwunmi Ambode reshuffled his major cabinet and appoints five new ones. Akinwunmi Ambode In a statement signed by the Secretary to the State Government, Mr. Tunji Bello, the three affected cabinet members are Mrs. Adebimpe Akinsola, Mr. Femi Odubiyi and Mr. Anifowoshe Abiola. The newly appointed cabinet members include Mr. Hakeem ...

Mr. Emma Okas Wike is currently the second vice president of the Nigerian Institution of Estate Surveyors and Valuers, the founding as well as the principal partner of the firm of Emma Wike & Partners.  In this interview with EMMANUEL BADEJO, he bares his mind on sundry issues that affect real estate in Nigeria and also proposed Ministry of works, power and ...

Abuja – A fresh explosion has again ruptured the Escravos-Lagos Pipeline (ELP) along Egbokodo-Omadino, in Warri South Local Government Area of Delta State to restore supplies from Escravos. The attack is coming barely few days after the Nigerian National Petroleum Corporation (NNPC) announced the restoration of the pipeline incinerated by a bush fire January 2, which cut gas supply to some ...

Justice Hakeem Oshodi of an Ikeja High Court on Thursday ordered that a 47-year-old Chinese woman, Zhen Zhen, be remanded in Kirikiri Female Prison for allegedly setting fire to a hotel and damaging the property. She was charged with one-count of arson. Zhen had her charges read to her by an interpreter because she does not speak English. The charges ...