Real Estate News

“The State Criminal Investigation and Intelligence Department (SCIID) Panti-Yaba, Lagos, yesterday arraigned a man before a Magistrate Court, who claimed to be the Oba of Lagos and using same to perpetrate fraud in the proposed Lekki Airport Investment project.”- The Guardian The police told the court that the suspect falsely presented himself to the victim, who is the complainant, Moriselade ...

“Egbin Power Plc has unveiled plans to invest $1.2 billion (N432 billion) for the construction of 1,575 Mega Watts in Nigeria.The plant which is expected to be completed by 2020, is expected to increase the supply of electricity to homes and businesses in the country.”- The Guardian   According to the Managing Director and Chief Executive Officer, Egbin Power Plant, ...

“To reduce the spread of infectious diseases such as cholera, dysentery, typhoid fever and poliomyelitis; and vector-borne diseases such as malaria and yellow fever during flooding, the Nigeria Centre for Disease Control (NCDC) advises that precautionary measures should be taken.”- TVC Flooding is an event of public health interest due to the resultant outcomes of mortality, morbidity, displacement,loss of property and livelihood. In addition, there is ...

Premium Times reports that the Special Presidential Investigation Panel for the Recovery of Public Property on Tuesday said that the federal government may soon take over empty houses in Abuja and sell them. The chairman of the panel, Okoi Obono-Obla, who is also the Senior Special Assistant to the President on Prosecution, made this known when the Say no Campaign, ...

“The Federal Government said it has created 54,680 jobs in housing sector since inception in 2015. Minister of Works, Power and Housing, Mr. Babatunde Raji Fashola, who disclosed this at the sixth National Council on Land, Housing And Urban Development, in Abuja, noted that out of this figure, 13,680 people got direct jobs, while 41,000 got indirect jobs.”- All Africa ...

“The Federal Mortgage Bank of Nigeria (FMBN), has made a total collection of N9.5billion under the National Housing Fund (NHF), and disbursed the sum of N1.12billion to 150 beneficiaries for the second quarter (Q2), 2017.”- The Guardian FMBN made the disclosure in a memo to the National Council on Lands, Housing and Urban Development (NCLHUD), exclusively obtained by The Guardian. ...

Punch reports that Nigerians may start paying property rent on a monthly basis going by the latest resolution between the federal and state governments on the matter, OKECHUKWU NNODIM reports The clamour for the monthly payment of rent by clients in the housing sector received attention at the recently concluded sixth meeting of the National Council on Lands, Housing and ...

“The Lagos State Government on Monday flagged off the reconstruction of Oshodi-International Airport road, with a pledge to complete the project within the next 15 months.”- Premium Times The state Commissioner for Waterfront Infrastructure Development, Adebowale Akinsanya, said at the ceremony that the project was in line with the state government’s commitment to transform the entire axis. Mr. Akinsanya said ...

According to The Nation, The Lagos State High Court has restrained a former Nigerian international footballer, Wilson Oruma and a firm, Dok Engineering Services Limited from entering a piece of Lekki land measuring 57,739.633square metres at Idasho Village, Elekan in Ibeju Lekki. Justice W. Animahun granted an interim injunction restraining the defendants whether by themselves or their agents “from attempting ...

Daily Post reports that a mysterious flood in Abakaliki has wrecked havoc on the residents of Abakaliki, the capital of Ebonyi state, especially those residing at Onwe road and destroyed property worth millions of Naria at early hours of Sunday. The flood also submerged a garden spot (a recreational centre) located at same Onwe road that belong to the former ...