Real Estate News

A Professor, Charles Oluokun, has dragged a lawyer, Mr. M. A. Laogun, and his son, Bar. A. A. Laogun, to the Economic and Financial Crimes Commission (EFCC) for alleged land racketeering. A petition written by one Adebowale Oluokun and Adekunle Adeniyi on behalf of the Professor alleged that the father and son illegally paraded themselves as Solicitors/lawyers of Oluokun and ...

Most estates and properties in the Federal Capital Territory (FCT), Abuja, do not have Certificate of Occupancy (C-of-O) due to the challenges involved in the processing of land titles from the authorities responsible for land management.   The inability to process the backlog of applications for the issuance of C-of-O continues to deny individuals and corporate investors the right to use ...

Governor Kayode Fayemi of Ekiti State has assured residents of the state that in addition to steps being taken at the moment, the 2020 budget will take care of the erosion problems confronting the state. Fayemi lamented that “the issue of flood and erosion had affected virtually every community in the state and had caused a lot of hardship to ...

The Real Estate Developers Association of Nigeria(REDAN) says it is working with the Economic and Financial Crimes Commission to curb sharp practices such as money laundering and other fraudulent acts in the real estate industry. The President of REDAN, Mr. Ugochukwu Chime, said the association in collaboration with the EFCC and the Special Control Unit on Money Laundering had since ...

The Lagos State Emergency Management Agency (LASEMA) has raised the alarm of possible fire outbreak following pipeline vandalism at Kakatin Road, Aboru in Mosan-Okunola Local Council Area of the State. Director-General of LASEMA, Dr. Olufemi Oke-Osanyintolu, raised the alarm in an interview in Lagos on Sunday. The LASEMA boss asked the Nigerian National Petroleum Corporation (NNPC) to shut down the ...

Tragedy struck residents of Aboru and Iyana-Ipaja in the Alimosho area of Lagos on Saturday as flood swept away an 11-year-old boy and his rescuer, one Wasiu, into a canal linking Aboru and Iyana-Ipaja on Ige road. It was gathered that two young boys sent by their parents to buy cooking gas at a gas station unknowingly fell into the ...

Governor Babajide Sanwo-Olu has declared a state of emergency on highways and carriages in state of disrepair in Lagos State. In a statement issued by the governor’s Chief Press Secretary, Gboyega Akosile, on Sunday, the governor’s directive followed the conclusion of his series of meetings with eight multi-national engineering firms, which began a few weeks back. Akosile disclosed that Governor ...

The management of Infinity Trust Mortgage Bank, Abuja has reiterated its commitment to seamless customer experience as the bank honours some customers. The bank said its customers’ loyalty paved the way for its exponential growth as a forerunner mortgage bank in Nigeria.  The bank commended its customers as it joined global organisations to celebrate the 2019 Customer Service Week (CSW).  ...

Despite its huge housing deficits, Nigeria is also battling with the menace of building collapse. However, the federal government has shown its commitment to address the tide. Barely will any week pass in Nigeria that the case of building collapse will not dominate the media. The development is taking a new dimension as souls are being lost whenever the incident ...

Adamawa House of Assembly has approved request by Gov. Ahmadu Fintiri to secure N9.9 billion loan for the construction of 2,000 housing units for civil servants across the state. The loan is to be secured from Family Homes Funds Limited (FHFL). Approval for the loan followed the reading of the letter of request from the governor by the Speaker, Alhaji ...