Real Estate News

The chief executive officer of Perfect Estate Developers Ltd, Arc. Dayo Babatunde has raised the alarm that politicians have begun to take credit for privately built infrastructure in their localities within the Federal Capital Territory Abuja. Babatunde in a chat with journalists on Tuesday said that the access road to his Perfect Estate in Kuje, Abuja has been variously appropriated ...

The Real Estate Developers Association of Nigeria (REDAN) has expressed its readiness to continue collaborating with the Special Control Unit Against Money Laundering (SCUML) department of Economic and Financial Crimes Commission (EFCC) to sanitise the real estate business in Nigeria. This was stated by REDAN president, Alhaji Aliyu Wamakko, when the newly appointed director of SCUML, Mr. Daniel Isei, visited ...

The intelligence unit of the Bayelsa State Vigilante Service during the early hours of Friday following a tip-off has arrested a teenager aged 17 years, Daniel Akuna Fun-Aredemi, who specialises in stealing electric cables in building construction sites across the state capital, Yenagoa. The teenager who confessed to the crime after he was arrested at Okaka Housing Estate while he ...

Lagos State government on Wednesday said that the State Fire Services and other emergency agencies in the state salvaged property worth N138.54bn from destruction in the state between May 2019 and April 2021. The Lagos State Commissioner for Special Duties and Inter-Governmental Relations, Engr Tayo Bamgbose-Martins who disclosed this at the ongoing Ministerial briefing to mark Governor Babajide Sanwo-Olu’s second ...

The Zamfara government has announced the revocation of all land titles in the state. Yusuf Gusau, media aide to Bello Matawalle, governor of Zamfara, disclosed that the decision was announced on Thursday at the flag-off of the issuance of electronic certificates of occupancy. According to him, the decision was taken to address corruption associated with the manual issuance of certificates ...

Lagos State Government on Tuesday said the proposed Fourth Mainland Bridge will gulp $2.5 billion under the Public-Private Partnership (PPP) agreement. Director-General, Lagos Office of PPP, Ope George disclosed this at a news conference to mark the second year of Governor Babajide Sanwo-Olu in office, held in Alausa, Ikeja. He said a successful bidder for the Fourth Mainland bridge is ...

In order to check the activities of fakes and unwholesome practices among property developers, the Real Estate Developers Association of Nigeria (REDAN) has developed and launched a new deal aimed at giving credence to the activities of developers within the housing sector. The move, according to REDAN was to curb unwholesome practices by erring members thus promoting standardisation in the ...

A Group of Civil Rights Associations has called for the immediate repeal of the Land Use Act in the country’s constitution saying the Act was impeding the development of real property in the country. The collision of three civil society organisations (CSOs) advocated an amendment of the Nigeria Constitution to exclude the Land Use Act from the document. After a ...

Construction of the Lekki Deep Sea Port has reached almost 50 per cent with the completion of the 1,909m long core of the main breakwater while work on the quay wall and landside infrastructure has reached advanced stages. This significant milestone of the completion of the main breakwater’s core was achieved on Thursday, April 29, 2021. The construction of the ...

Nasarawa State Government has signed a tripartite agreement with Federal Mortgage Bank of Nigeria (FMBN) and the Family Homes Fund (FHF) to build 2,000 houses for low and medium-income workers in the state. The tripartite agreement, which was signed yesterday at a ceremony in the Government House, Lafia, would provide associated financing requirements that would enable workers to purchase the ...