Real Estate News

LAGOS – A legal practitioner, Kole Bello who is standing trial for allegedly selling a dead woman’s property with forged documents has closed his defence before Justice Oluwatoyin Taiwo of the State High Court, Ikeja. The Lagos State Government had arraigned the lawyer, Bello before the court alongside Chukwu Victor, Friday Palmer, and Osumah Terry sometimes in October 2017, on ...

The Police at Ikoyi Division, Ikoyi, Lagos have arrested a 39-year old robbery suspect, Victor Emuobi for allegedly scaling the fence into a compound at 12, MacPherson Avenue, Ikoyi, armed with two kitchen Knives at midnight to rob a resident, Tajudeen Solebo of properties valued N14,625,000. A Police source alleged that the incident occurred when the suspect allegedly scaled the ...

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), is alarmed at the rate owners of multi-billion naira housing estates in Abuja abandon their property the moment the Commission initiates investigation into their ownership status. Chairman of the ICPC, Prof Bolaji Owasanoye, who made the disclosure in Abuja on Monday, said the development has become a great worry to ...

The Federal Government has begun the renovation and rehabilitation of 104 unity colleges in the country, Minister of Education, Adamu Adamu, has said. He said the rehabilitation exercise include replacement of broken toilets, ceilings, creation of additional classrooms and the renovation of existing ones. The minister said the renovation, directed by President Muhammadu Buhari, is aimed at expanding access to ...

Anxiety, confusion and shock have taken over many residents, business and property owners at Agidingbi in Ikeja, Lagos when the Akinole-Oshiun family took over possession of 398 acres of land following a Supreme Court judgement which ruled in their favour. The development was the outcome of a 42-year old legal tussle between the family and the Lagos State Government over ...

Towards finding a lasting solution to gridlock in Apapa, the Senate Committee on Works on Friday advocated co-operation of various government agencies to make port operations easier. The committee during an emergency meeting with stakeholders in Lagos as part of its oversight functions condemned extortion of truck drivers and asked law enforcement and traffic regulatory agencies to investigate and punish ...

The Nigerian Council of Registered Insurance Brokers (NCRIB), has urged the Federal Government to be more proactive in handling issues relating to building collapse. Making the appeal recently during a press briefing at its Lagos Headquarters, the President of the Council, Mr. Shola Tinubu, said the brokers are touched by the avalanche of building collapse in the country. According to ...

Two Chinese workers kidnapped by suspected herdsmen at a construction site at Ivo River, at the boundary area between Ohaozara and Ivo Local Government Areas of Ebonyi State, have been rescued by the police. This was disclosed by the Police Public Relations Officer in the state, Loveth Odah, a Deputy Superintendent of Police. She said that the victims were rescued ...

Stakeholders in Nigeria’s housing sector have expressed worry over the fate of the nation’s Primary Mortgage Banks (PMBs) following the N13 billion new capital requirements set for them by the Central Bank of Nigeria (CBN). Their anxiety stems from the fact that most of the primary mortgage institutions are still struggling to cope with the previous N2.5billion capital base, which ...

The Police Force reported that gunmen have abducted two Chinese nationals from a construction site in southeast Nigeria. According to Loveth Odah, spokesperson of the Police in Ebonyi, the victims are Messrs Sun Zhi Xim and Wang Qinghu, employees of Tonyi Chinese Group of Companies. Odah said the armed men, who concealed their identities by wearing masks, abducted the Chinese ...