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Real Estate News

Fashola moves to make abandoned, ongoing FG projects top priority

Fashola

The unbundling of the Ministry of Power, Works and Housing into two separate ministries: power and works and housing, has thrown bigger challenges for the returning Minister of Works and Housing, Mr. Babatunde Fashola, who is now faced with the timely completion of ongoing and abandoned projects across the country.  Reports show that the present administration at its inception in ...

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Experts discuss strategies for sustainable real estate growth

To achieve sustainable growth in the nation’s real estate sector, stakeholders have listed ways in which the industry could overcome its temporary setbacks. They noted that the sector is still recovering with a contribution to the national Gross Domestic product staggering between one and two percent. According to them, the development of a modern mortgage system and appropriate technology in ...

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Ondo govt begins road construction in Akok

road cosntruction

The Ondo State government on Monday said it had started construction of the 29 kilometre OkeAgbe-Irun-Afin-Ese-Ogbagi Road in Akoko Northwest area of the state. Saka Yusuf-Ogunleye, Commissioner for Works and Infrastructure, made this known in Okeagbe Akoko during a meeting with the traditional rulers in the local government. The commissioner noted that Governor Oluwarotimi Akeredolu was committed to moving the ...

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Govt. to provide 1000 housing units for low-income earners

Funds

The Board Chairman of the Imo State Housing Corporation (ISHC), Hon. Raymond Emeana, has stated the readiness of the state government to provide affordable housing for the middle class and low-income earners in the state. Emeana, who spoke in Owerri while inaugurating various task and fact-finding committees set up by the corporation, recently, revealed that the state governor, Emeka Ihedioha, ...

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Xenophobia attack: Nigerian shops set ablaze in South Africa

South Africa

The Nigeria Union has advised Nigerians leaving in South Africa to avoid Pretoria Central Business District (CBD) until the Police Authority certifies the area safe for foreign nationals. The Nigerian Union in South Africa (NUSA) gave the advice in the wake of Xenophobic attacks early Wednesday morning in the country. “Violent looting and burning of foreign-owned businesses started in the ...

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Lagos reacts as estate agent swindles 250 house seekers

estate agent

Lagos State Government raised alarm over increasing fraud in real estate transactions, vowing to explore legal option to protect residents as an estate agent swindled 250 house seekers in Lagos of the sum of N65 million. The Lagos State Commissioner for Housing, Mr. Moruf Akinderu-Fatai, said that government would explore legal options to ensure dubious real estate swindlers were punished. ...

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EFCC questions Kwara official, others over property fraud

property fraud

PROPERTY FRAUD – Operatives of the Economic and Financial Crimes Commission, Ilorin Zonal Office, has arrested the Executive Director of the Kwara State Harmony Holdings, Adebayo Sanni, over his alleged role in fraudulent sale of some landed properties belonging to the Kwara State Government. Also, some prominent politicians who served in the administration of the immediate past governor in the ...

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Rainstorm destroys 100 houses in Daura

rainstorm

A rainstorm in Daura, Katsina State, on Sunday reportedly destroyed no fewer than 100 houses. Daura is President Muhammadu Buhari’s hometown. Rahamawa, Kalgo, Lungun Kofar Baru, Sarkin Yara ‘A’ ward and Unguwar Kaura were among the areas seriously affected, our correspondent learnt. It was reported that many of the houses had their roofs blown off by the rainstorm. Sources said ...

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CCECC not blacklisted by World Bank, says China Embassy

CCECC

Embassy of the People’s Republic of China on Monday refuted allegations that China Civil Engineering Construction Corporation (CCECC) was among companies recently blacklisted by the World Bank. The statement released by the Embassy in Abuja explained that it was another company that was blacklisted. It said the company that was blacklisted violated the World Bank’s Procurement Guidelines during the prequalification ...

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