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Land grabbers as threat to Nigeria’s real estate sector

Oyo State

Land grabbing in Nigeria will remain an albatross to the citizens of the country until decisive measures are taken to reverse the ongoing trend. Land in the country has continued to appreciate coupled with the fact that in the southern part of Nigeria land ranks like gold because of its sparse nature. Take, for instance, states like Anambra and Lagos ...

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Obaseki to sue NDDC, contractors over shoddy projects


The Governor of Edo State, Godwin Obaseki, has said the state government will sue the Niger Delta Development Commission(NDDC) and its contractors for the alleged shoddy road projects executed in the state. The governor, who blamed flooding in parts of Edo State on shoddy road projects by the NDDC contractors, said the state would seek legal redress for the affected ...

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Flood sweeps man into manhole while controlling traffic


A middle-age man fell into a manhole as rampaging flood swept him away into Anwai River in Asaba, the Delta State capital. The polytechnic graduate identified as Chinedu Igboke was said to have been controlling traffic at the Akpo junction along Okpanam road on Monday evening when he mistakenly stepped into an uncovered drain and fell into the gutter. The ...

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Queen’s school Ibadan 1984 set renovates dormitory 40 years after

Queen's school

To commemorate the 40th anniversary of their enrolment at the Queen’s School Ibadan (QSI) Apata, the 1979-1984 set of Queen School Old Girls Association (QSOGA) has expended about N8.5 million to renovate the school’s dormitory. Speaking at the unveiling and presentation ceremony recently, the captain of the set cum coordinator, MrsTolu Fasuranti (nee Tolu Kushanu), popularly known as ‘Tolu-Kush’, noted ...

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Lagos landlords seek compensation for buildings Ambode demolished


Some residents of the Igbogbo/Bayeku community in the Ikorodu area of Lagos State on Monday protested against the demolition of their buildings by the Akinwunmi Ambode-led administration. The protesters, led by the chairman and secretary of the community’s association, Jacob Arogundade and Taiwo Folarin, demanded compensation from the state government. Arogundade said out of over 700 properties that were demolished ...

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Nigeria lacks clean windows to access international property funds


Nigeria lacks clean windows to access International Property Funds says Principal, World Citizen Consulting, Bill Endsley. Endsley stated this at the 2-day event organised by FIABCI International Real Estate Consultant (FIREC) program held in Lagos recently. This year’s FIABCI training on International Norms for Real Estate Investment is tagged Negotiation and multi-stakeholder dialogue, he said. He stated that the idea ...

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Nigeria at 59: FG should address high-interest rate to achieve affordable housing – expert


The Chief Executive Officer, Fesadeb Communications Ltd., Mr. Festus Adebayo, has identified high mortgage interest rate as a major challenge facing the housing sector in the country. Adebayo said in Abuja that at 59, the country was still at a double-digit interest rate. He told the newsmen that the situation made it difficult for the citizens to access loans from ...

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BEDC to roll out 190,000 meters


The Benin Electricity Distribution Company (BEDC) has said that it is rolling out 190,000 meters for its customers in Edo State in the next two years. BEDC Executive Director, Commercial, Abu Ejoor, who spoke yesterday in Benin, during the media launch of Edo State Meter Asset Provider (MAP) scheme, said within two years a cumulative average of about 10,000 units ...

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Ilasamaja residents cry out for help over flood


Residents of Ilasamaja in Oshodi-Isolo Local Council area of Lagos State are sending a save-our-souls message to the state government as flood continues to batter them, and destroy property worth millions of naira. Since the onset of the rainy season, these residents have been on tenterhooks, and their anxiety reaches feverish heights anytime clouds begin to gather ahead of a ...

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