Real Estate News

Premium Times says that a Federal High Court, Lagos, on Monday ordered temporary forfeiture of a 12-storey building belonging to a Peoples Democratic Party (PDP) Senator, Peter Nwaoboshi. The property located at 27 Marine Road, Apapa, is said to belong to Mr. Nwaoboshi who is senator representing Delta North Senatorial District. The court’s order was sequel to an ex-parte application, ...

According to NAN, Mrs Winifred Oyo-Ita, Head of Civil Service of the Federation, said that the Federal Integrated Staff Housing Programme (FISH) has recorded over 30,000 potential off–takers in the first quarter of 2017. Oyo-Ita said this at the 2017 FISH Housing Summit tagged: “Innovative Strategies for Affordable Housing”, on Tuesday in Abuja. She said that the programme, which was ...

Nigerian Tribune reports that in the face of a housing deficit that numbers millions of units, Nigeria is working to increase home ownership by improving access to credit and reducing development costs for low-income housing. To address this problem, the FMBN signed a memorandum of understanding (MoU) in January with the Real Estate Developers Association of Nigeria (REDAN) and pan-African ...

“To further address concerns in the real estate sub-sector, the Lagos Chamber of Commerce and Industry (LCCI) has inaugurated a new group for the sector, even as it tasked the stakeholders on the need to embrace best global practices for sustainable growth.”- The Guardian According to the chamber, while there are prospects in the real estate sector, there are concerns ...

“The 30th World Congress of International Union for Housing Finance holding in Washington DC on June 25-27 2017 will discuss opportunities and risks of investing in mortgage debt, including cross-border investments, funding alternatives to international finances capital, and tackling housing affordability challenge. There will be high-level sessions with eminent plenary speakers drawn from different countries including Asia, Africa, America and ...

Most of us speak ill of our landlords like we do not aspire to be landlords someday. And I want to believe no one wants to remain a tenant for the rest of their lives, or are there exceptions? This article talks about how tenants can build or maintain a cordial relationship with landlords It is so easy to castigate ...

According to PM News, the Enugu State Waste Management Authority (ESWAMA) has advised Enugu residents and its environs to clean their environment to check prevalence of diseases like malaria in the society. The Managing Director of the authority, Mrs Amaka Anajemba, made the call in an interview with the News Agency of Nigeria (NAN) in Enugu on Monday. Anajemba spoke ...

“The pair, who worked with construction firm VKS Nigeria Construction, were abducted from their hotel on 9 April in the town of Eket in Akwa Ibom state. Five suspects have been arrested, said the state’s Commissioner of Police, Mr Don Awunah, confirming the expatriates’ rescue, which took place on 19 April. “The two kidnapped Turkish nationals were kidnapped and taken ...

According to The Guardian, a Federal High Court in Lagos has struck out a N100 million suit filed by Senator Musiliu Obanikoro and his family against the Economic and Financial Crimes Commission (EFCC). Obanikoro, his wife, Miroophat and his two sons, Gbolahan, Babajide and Fati, Babajide’s wife had sued the anti-graft agency for breach of their fundamental rights. They urged ...

The Nation reports that the Lagos State government has said it will inject about N200 billion ($500 million) into Ilubirin Housing Estate’s new model plan. Commissioner for Housing, Mr. Gbolahan Lawal, addressed reporters yesterday on government’s plan to further develop the estate. He said the government was putting massive infrastructure in the project for residential and commercial uses. Lawal said ...