Real Estate News

The Federal government has given China Civil Engineering Construction Corporation (CCECC) till November 25th to complete the construction of the 7 minor stations on the Lagos-Ibadan rail project and also to complete the construction of the rail tracks from Iju to Ebute Metta, kilometre 20 to kilometre 4. Reports show that after an inspection of the project at Kajorla Ogun ...

The Lagos State Emergency Management Agency (LASEMA), during overnight operation on Thursday, rescued five victims in another collapsed building in Ojuelegba area of Surulere. The Chief Executive Officer, LASEMA, Dr. Oluwafemi Oke-Osanyintolu, who confirmed this to newsmen said the victims were rescued after the building was pulled down to ground zero about 11 p.m. Oke-Osanyintolu said the accident occurred at 9.15 ...

The Economic and Financial Crimes Commission, EFCC at the weekend arraigned one Joseph Idakho alongside his company, Zamtrac Management, and City Investment Limited, before Justice D. Z. Senchi of the Federal Capital Territory, FCT, High Court, Jabi, Abuja, for alleged conspiracy, forgery and criminal breach of trust. He allegedly defrauded one Hajiya Halima Babangida in a real estate development transaction ...

Family Homes Funds, Nigeria’s largest Social Housing Fund has signed a Memorandum of Understanding (MoU) with Africa’s premier Housing Finance Institution, Shelter Afrique towards building more affordable homes in Nigeria. The MoU signed in Abuja by the Managing Director/Chief Executive Officer of Family Homes Funds, Mr. Femi Adewole and Shelter Afrique’s Chief Executive Officer, Mr. Andrew Chimphondah provides a well-suited ...

A contractor, Gbenga Asonibare, lamented the alleged refusal of the Lagos State Government to pay over N196m owed his firm. Asonibare’s company, Efoba Construction, and Engineering Service cleared drainage channels and canals and constructed hydraulic structures to control flood in some parts of Lagos in the 1990s and early 2000s. However, he was not paid for the jobs, which were ...

Ekiti State Governor, Dr. Kayode Fayemi, has disbursed over N584 million as gratuities, car and housing loans to pensioners, civil servants, teachers and local government workers in the state. While distributing the cheques to the beneficiaries at a ceremony held at the Jibowu Hall, Government House, Ado Ekiti, the governor said the gesture was in fulfillment of his vow to ...

Governor of Bauchi State, Senator Bala Mohammed, has declared that he does not owe anybody any apology for allocating land to himself, friends, family members, and even party loyalists during his tenure as Minister of the Federal Capital Territory (FCT). Bala, who is reputed to have made one of the highest number of land allocations as Minister of the FCT, ...

Real estate entrepreneur’s fast track course is an almost free 2-day seminar set to impact knowledge and give valuable information to participants. The convener, Mr. Debo Adejana, MD/CEO of realty pointed limited(the sack your landlord brand) stated that his onus as a real estate enthusiast is to give value back to the sector. The first edition took place at 3, ...

The Federal Government has threatened to terminate the contract awarded to Messrs Munir Industries and Trade Limited for the construction of the Zing-Yakoko-Monkin federal road in Taraba State over the contractor’s alleged slow pace of work, continuous absence from the site and lack of commitment and capacity to execute the project.  The Federal Ministry of Works and Housing, in a ...

Following president Muhammadu Buhari’s approval of the sum of N10 billion Special Intervention Fund for immediate repairs and upgrade of the Akanu Ibiam International Airport, Enugu, the minister of Aviation, Sen Hadi Sirika, yesterday said the airport would be completed in six months time. According to Sirika, adequate provisions have been made to ensure that construction work at the airport ...