Real Estate News

“The British Government will give the Federal Government information about Nigerians who own property in that country next year, a presidential aide has said.”- Vanguard. Prof. Bolaji Owosanoye, Executive Secretary, Presidential Advisory Committee against Corruption, said in New York that negotiations on this had reached advanced stage. Owosanoye said the measure being taken by the governments of both countries was ...

“A rainstorm, which blew off the roof top of a building at Imoga community in Akoko-Edo Local Government Area of Edo State, has killed a mother of three. But the identity of the deceased could not be ascertained at press time last night. It was learnt that the rainstorm blew off over 50 houses in the community, including the family ...

The Federal Fire Service  has indicated that it would begin inspection of public buildings for compliance with its compulsory with its policy on public building insurance.- Vanguard The Controller-General of the Service, Mr Joseph Anebi, at a meeting with the National Insurance Commission and the Nigerian Insurers Association (NIA) in Abuja, last week, said the agency is making effort to ...

The Guardian reports that fresh efforts are underway to seek pragmatic and contemporary solutions to the challenges in the mortgage sub-sector, following plans by the operators to extend loss of job insurance scheme, which will cover mortgage default up to a year. The scheme is already in place and covers up to six months. Mortgage insurance, which is widely used in other countries and is compulsory ...

“The monarch of Orimedu community in Ibeju-Lekki Local Government of Lagos State, Oba Amusa Atiku, has advised people on how to go about the land in his domain. He said they should guard against buying land from hoodlums and land grabbers. The traditional ruler, at a news briefing in Lagos at the weekend, said the land at Orimedu had been ...

According to Vanguard, Delta State Government, said 2,980 hectares of land had been acquired for the $20 billion Gas Revolution Industrial Park, GRIP Project,  in Warri South-West Local Government Area of the state, out of the 4,000 hectares needed by the investors. The state Commissioner for Oil and Gas, Mr Mofe Pirah, disclosed this while addressing representatives of 15 cluster ...

“Hopes of cheaper construction cost and land ownership for prospective property developers may still be a pipe dream going by fresh increase in land survey fees in Lagos area by the Nigerian Institution of Surveyors (NIS).”- Guardian reports. The increase by Lagos chapter of the institution, which may act as a test bed for professional scale of fees in the built environment sector ...

“Governor Rochas Okorocha has donated land to the Nigerian Institution of Estate Surveyors and Valuers (NIESV) for the construction of its branch and zonal offices in Imo State. Represented by the Secretary to the State Government (SSG), George Eche, the governor made the announce at the opening ceremony of the association’s two-day 47th annual national conference tagged Imo 2017 in ...

“A former Commissioner for Lands in Enugu State Deacon Okey Ogbodo has protested the alleged illegal demolition of his property by the Enugu Capital Development Authority (ECDA).”- The Nation He urged all and sundry to prevail on the ECDA to backpedal, adding that in seeking redress he would follow due process and God’s leading. He said, “I do not have ...

According to Daily Post, the Real Estate Developers Association of Nigeria, REDAN, has threatened to take surveyors to court if the proposed increment in the cost of preparing survey plans for lands across the country is implemented. This was disclosed in a letter to Surveyors by Counsel to REDAN, Ebun-Olu Adegboruwa. Adegboruwa warned that such plan if implemented will result ...