Real Estate News

Vanguard reports that a man, who allegedly severed the head and wrists of a 72-year-old woman, identified as Funmilayo Shada, has been arrested by men of Ogun State Police Command. The suspect, Adeoye Ikugbayigbe, told the police that he committed the act because he had been having a running battle with the deceased over a parcel of land. The Police ...

“According to The Nation, the chiefs, indigenes and residents of Orile Fowoseje in Ibeju Lekki Local Government of Lagos State have appealed to Governor Akinwunmi Ambode to save them from land grabbers.” They urged Police Commissioner Fatai Owoseni to prevent their land from being snatched by hoodlums. Spokesman for the community Chief Najimdeen Fatai Ojomu, at a news conference in ...

“The Police in Lagos have arraigned four men before an Igbosere Magistate Court, over offences allegedly bordering on conspiracy, land grabbing, conducts that are likely to breach public peace and unlawful conversation of fund. In a charge marked C/18/2015, the Police alleged that the defendants had between 2005 and 2017, conspired among themselves to forcibly and unlawfully take over a ...

“IN order to encourage competition and promote quality standards in the Nigerian real estate sector, Eliel Jerahmeal Nigeria Limited and Weibo elevator company have partnered to provide the best of Webber elevator brands to strengthen industry operation in African region.”- Vanguard In a media chat with newsmen in Lagos, the Group Managing Director and Chief Executive Officer, Eliel Group of ...

“Lagos State Government has given landed property owners till April 14 to pay the state Land Use Charge, or risk losing the benefit of enjoying 15 per cent discount for paying the levy. Director, Public Affairs, Ministry of Finance, Mrs. Modupe Ileyemi, said this in a statement on Saturday. The official said the state government was keen on early payment ...

“A new era is dawning on the real estate sector, following the drive to boost office space in Lagos Central Business District, with the launch of a redevelopment plan for the 21-floor Unity House by Wemabod Estates Limited.”- The Guardian Unity House, built about 52 years ago is located side by side with Union House and other commercial buildings in ...

According to The Guardian, Stakeholders in the built sector say the delay in passing the 2017 budget which is making uncertain the amount of money to be spent in the industry may impact negatively on housing delivery this year. The country has between 17million and 18 million housing deficit and will need one million houses yearly to fill the gap. ...

“From tomorrow, estate surveyors will converge on Imo State for their 47th annual conference, to acquaint the government and public with the peculiar roles of the profession in the economic development of the country. The Nigerian Institution of Estate Surveyors and Valuers president, Dr. Bolarinde Patunola-Ajayi, spoke with Property & Environment Editor, Chinedum Uwaegbulam on how it plans to expand ...

Daily Trust reports that as the federal government  released the Economic Recovery and Growth Plan (ERGP) which unveils a road map for the country’s economic recovery growth and sustainable development, real estate experts have called on the government to look in the direction of the real estate sector to further improve the economy. The government said the core vision of ...

“Mr Babatunde Fashola, the Minister of Power, Works and Housing, has inaugurated 100 housing units in Ogbomosho, Oyo state, a project funded by the Federal Mortgage Bank of Nigeria (FMBN). Inaugurating the housing units on Friday, Fashola said meeting the housing needs of Nigerians was a major priority of the Federal Government. He commended the bank, the developer and other ...