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Real Estate News

ICPC arraigned agent for selling Principal’s N20.5m house

ICPC

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned an estate agent, Raymond Ikhazuangbe for allegedly selling a house kept in his care for N20.5 million. The Commission, in a five-count charge before Justice Hassan Babangida, of the High Court of the Federal Capital Territory, Jabi, Abuja, accused Ikhazuangbe of dishonestly selling a property located in Gwarinpa, ...

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Lack of funds stalls linking major cities by rail – FG

rail

The Minister of Transportation Mr. Rotimi Amaechi has said the federal government hasn’t secured the necessary funds to commence the linking of the major cities by rail. The minister also said the FG is willing to welcome investors that will volunteer to muster capital to invest in Nigeria’s railways. Mr. Amaechi disclosed this yesterday during the 2019 Budget Defence before ...

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11Plc renovates 21 classrooms in host community

11Plc

11Plc, formerly known as Mobil Oil Nigeria Plc, has said it renovated two building structures consisting 21 classrooms at Baptist Primary School, Marine Beach, Apapa Local Government Area, Lagos State, as part of its corporate social responsibility initiatives in its host community. The company said the multimillion-naira infrastructure upgrade was embarked upon as part of its cardinal programme of giving ...

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NSCDC ejects illegal occupants at defunct Nitel office

NSCDC

The Bayelsa Command of the Nigeria Security and Civil Defence Corps (NSCDC) on Wednesday restated its commitment to its core mandate to protect critical national assets. Mr. Pedro Ideba Pedro, Commandant of the NSCDC in Bayelsa, restated the commitment when he led officers and men of the command to evict some illegal occupants at the defunct NITEL building in Yenagoa. ...

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Mortgage rate must be below 10% to spur housing development – Aliyu

mortgage

The Chairman of a leading property development and management company, Urban Shelter Limited, Malam Ibrahim Aliyu, has said the potential for housing in Nigeria will not be realized until the current mortgage rate is brought down below 10 per cent Malam Aliyu stated this during a courtesy visit on the company in Abuja recently by officials of Media Trust Limited, ...

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Ibadan NSE boss bemoans state of Building Collapse

NSE

CHAIRMAN, Nigerian Society of Engineers (NSE), Ibadan branch, Adedamola Falade-Fatila, has bemoaned the rate at which cases of building collapse are being witnessed in the country. Falade-Fatila expressed his displeasure while briefing journalists on the programme of activities lined up for the 2019 engineering week celebration of the society in Ibadan. He noted that reported cases of building collapse had ...

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Man dies during illegal operation – AEDC reveals

AEDC

The real identity of the man electrocuted in Nasarawa has been revealed and the victim who was earlier reported to be a staff of the Abuja Electricity Distribution Company AEDC is neither a staff nor affiliated with the Power company. Abuja Electricity Distribution Company, AEDC has brought to our attention inaccuracies surrounding an electrocution accident which happened in Nasarawa recently. ...

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36,000 buildings in Lagos might collapse – Group warns LASG

Lagos

The national president of the Building Collapse Prevention Guild (BCPG), Akinola George, revealed this in Lagos on Monday, March 25 He said that this is majorly caused by half-baked development who often use faulty construction designs Akinola George, the national president of the Building Collapse Prevention Guild (BCPG) on Monday, March 25, urged the federal government to deal with the ...

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Foundation of collapsed Synagogue building intact – Witness

Synagogue

A defence witness, Ebenezer Ologuntoye in the ongoing trial of the Registered Trustees of Synagogue Church of All Nations, (SCOAN) and the two engineers that constructed the collapsed building that killed 116 people in Lagos has told a Lagos State High Court in Igbosere that the foundation of the collapsed building did not fail. Ologuntoye, a geotechnical expert also told ...

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