Real Estate News

The Minister of Works and Housing, Mr. Babatunde Fashola, on Wednesday, said that the ministry would soon commence the sale of housing units built under the National Housing Programme nationwide. He said that this would be done through an online subscription to allow for transparency and reduce human interference to the barest in the allocation process. Fashola said this at ...

Lagos State Government, on Wednesday, launched a Real Estate Transaction portal to curb fraudulent practices in the real estate business. Governor Babajide Sanwo-Olu unveiled the portal at a stakeholders’ meeting held at Eko Hotel & Suites in Victoria Island. The portal, the Governor said, will secure investments in property market by checkmating unscrupulous dealings in transactional process. It will also ...

The 3rd Nigeria Affordable Housing Finance & Innovation Summit & Expo (NAHFIS) is set to take place on the 13-14 November 2019 at NAF Conference Centre, Abuja. The Theme of the 2019 Summit is “Innovative Solution for Large Scale Delivery of Affordable Housing” with Sub Theme: “Delivering Affordable Housing Through Cooperatives.” The Summit will explore financial, technological and cooperative innovation ...

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, ...