Real Estate News

“Less than a month after a developer at Iponri allegedly defrauded some house seekers of their money, another one, Mali Najeemdeen has been accused of a similar offence.”- The Nation Najeemdeen was alleged to have fleeced about 74 victims of N50million under the guise of providing them accommodation at Ijeshatedo in Surulere. The victims were said to have individually paid ...

“Delta State Commissioner for Basic and Secondary Education, Chiedu Ebie has lamented that lack of land is hampering construction of new schools in Asaba and its environs.”- Independent He stated this yesterday during a press briefing for the breakdown of the 2018 budget that was presented recently to the Delta State House of Assembly, DSHA, stating that the development is ...

According to Daily Post, the Economic and Financial Crimes Commsion, EFCC, has sealed all the properties belonging to embattled ex-chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina. Maina, who has been accused of complicity in N2bn fraud, has reportedly gone into hiding. The civil servant was declared wanted by the EFCC in November 2015 for alleged fraud. ...

Professionals and stakeholders in the Nigerian Housing Sector have always clamoured that there is no platform as strong and promising for the transformation of the Nigerian economy as the real estate/ housing development sector. The future of real estate development in Nigeria is promising and the potentials are so huge. Though the present indices are negative but the opportunities thrown ...

“The Executive Chairman of Agege Local Government Area of Lagos State, Alhaji Abdulganiyu Egunjobi, has advocated by-laws to protect public property in the state from abuse by residents and business operators.”- This Day Egunjobi, in a statement issued yesterday by his Special Adviser on Media, Mr. Rotimi Sulyman, said the council chairman made the call when organisers of Miss Cleaner ...

“The Oba of Lagos, Rewanu Akiolu, has disclosed that the blessings given to Lagos State by a past Oba of Benin was responsible for the developmental strides being witnessed in the state.”- Daily Post Oba Akiolu, who spoke in Benin during the weekend at an event to mark the one year anniversary of the coronation of the Benin Monarch, Oba ...

“Global hotel chain, Marriot International, is continuing its aggressive expansion drive in Africa, as it recently announced the signing of seven new hotels across the continent with two slated for Lagos, Nigeria.”- This Day Marriott was the first global chain to make a significant investment in Africa with the acquisition of Protea Hotels for $210 million in 2014 and the ...

The Guardian reports that the Edo Government is targeting a minimum of 250,000 hectares for agricultural production and land cultivation to boost agricultural production within the next two years. Gov. Godwin Obaseki of Edo disclosed this at the 13th Esan Economic Empowerment Workshop organised by the Association of Esan Professionals at Uromi, Esan North East Local government area of the state ...

According to Daily Trust, land ownership disputes for solid minerals sites between states and the Federal Government have been a contentious issue among stakeholders in the industry.  The contention is slowing down the growth of the mining sector at a time the President Buhari administration is intensifying effort at developing the sector for national economic diversification and development. Many genuine ...

“With Nigerian cities becoming new homes to rural migrants every day, many of who are without a roof over their heads, experts have questioned the 17 million estimated housing deficit in the country.”- The Guardian The figure which has been in circulation since 2012 is attributed to the World Bank and the National Bureau of Statistics (NBS). Nigeria is expected ...