Real Estate News

According to PM News, documents issued by a UK court that restrain former Petroleum Resources Minister, Diezani Alison-Madueke, and her business fronts, Jide Omokore and Kolawole Aluko, from disposing of properties acquired through the dodgy Strategic Alliance Agreements (SAAs) facilitated by the erstwhile minister have been released. The assets in question were acquired via companies listed as third parties in ...

The Nation reports that the Nigeria Union in South Africa has protested the forceful takeover of house belonging to a Nigerian Baptist missionary by South Africans in that country. Chairman of the union in Johannesburg South Theodore Ezeunara, told the News Agency of Nigeria (NAN) yesterday that persons claiming to be members of the Economic Freedom Fighters (EFF), a political ...

“Except there is a reversal in real estate agency practice, its practitioners will continue to feed on crumbs. This is because of the lack of standard in estate agency as being practised in the country. The lack of standardised practice, it is believed, explains why Nigerian estate agents are not getting juicy deals, especially from multinationals.”- The Nation “Can any ...

“Concerned by the recurring incidents of building collapse, the Nigerian Society of Engineers (NSE) and Association of Professional Bodies of Nigeria (APBN) have called on the Federal Government to enforce standards in the building industry.”- The Guardian They also urged government to engage the services of qualified indigenous engineers to check the rising wave of infrastructural collapse in Nigeria. NSE President, Otis ...

Daily Post reports that Minister of Power, Works and Housing, Babatunde Fashola, on Wednesday said lack of budgetary provision was slowing down his ministry’s plan to intervene in 61 roads across Nigeria. Fashola disclosed this to State House correspondents at the end of the weekly meeting of the Federal Executive Council presided over by President Muhammadu Buhari at the Presidential ...

“After 30 years of operating the National Housing Fund (NHF), only three percent of Nigerian workers has benefited from it, New Telegraph has learnt.”- Ripples Nigeria According to the Managing Director, Federal Housing Authority (FHA), Professor Mohammed Al-Amin, majority of federal and state governments’ staff who subscribed to NHF have not been able to access the fund to actualize their ...

According to Premium Times, the Federal Executive Council, FEC, presided over by President Muhammadu Buhari, approved $5.792 billion (about N1.140 trillion) for the construction of the 3,050 megawatts Mambilla electricity project at Gembu in Taraba. The Minister of Power, Works and Housing, Babatunde Fashola, disclosed this while addressing State House correspondents alongside the ministers of labour and employment as well ...

According to Nigerian Tribune, the Federal Airports Authority of Nigeria (FAAN), is seeking partnership with various state governments in a bid to stop airports land encroachment by farmers across the nation. Speaking with journalists in Sokoto at the 15th National Council of Transportation on Tuesday, the Managing Director of FAAN, Saleh Dunoma, lamented that the high rate of encroachment into airports ...

“The Vice President, Prof. Yemi Osinbajo, Tuesday described the commissioning of the multi-million dollar BUA cement factory In Edo as a consolidation of Nigeria’s self-sufficiency in cement and a big boost to the nation’s export capacity.”- PM News Osinbajo stated this shortly before commissioning the first phase and the ground-breaking of the second phase of the three million ton-capacity ultra ...

“The Minister of Water Resources, Mr Suleiman Adamu has called for synergy amongst research institutes, policy makers and professional bodies in the construction industry to tackle housing challenges in the country.”- The Tide Adamu made call while speaking with newsmen Abuja, on the sideline of the 28th Archibuilt Exhibition and Conference on building materials. The exhibition and conference is organised ...