Real Estate News

The Economic and Financial Crimes Commission says it has made a breakthrough in the alleged corruption case against Governor Ayodele Fayose of Ekiti State and his associate, Mr. Abiodun Agbele. Agbele, who is currently in EFCC custody, was said to have received N1.219bn from a former Minister of State for Defence, Musiliu Obanikoro, on behalf of Fayose during the build-up ...

The Minister of Power, Works and Housing, Mr Babatunde Fashola, has called for government, private sector partnership to address the nation’s housing deficit. The minister made the call at the 10th Abuja Housing Show (AHS) and Construction Industry Exhibition in Abuja on on Monday. The News Agency of Nigeria (NAN) reports that the three-day show has its theme as “Expanding ...

Illegal land occupants also known as land grabbers and popularly known as Omonile will henceforth face 21 years jail term. This was the law passed by the Lagos State House of Assembly prohibiting forceful entry and illegal occupation of landed properties in the state. According to the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, after the Bill ...

China’s One Belt – One Road Initiative delegation to Nigeria has disclosed that the interest to partner with the Federal government of Nigeria on low-cost housing development, power generation and road construction, is as a result of President Muhammadu Buhari’s MOU with the government of the People’s Republic of China, detailing that the agreed joint venture is expected to strengthen ...

Nigerians have been urged to patronise property merchants who can deliver world-class building and apartments with good quality materials and a touch of Italian and Spanish finishing in a flood-free serene environment. The call was made by the Chief Operating Officer of Admiralty Homes Limited, Olaiwola Salami, while speaking on the need for the use of high quality materials in ...

Anambra State Governor, Willy Obiano, on Saturday signed a Memorandum of Understanding (MoU) with a private firm for the construction of a N1.5 billion Housing Estate in the state. Speaking after signing the document with the firm, Lake Petroleum Limited, in Amawbia, Awka South local government area of the state, the governor said the estate would be located at Government ...

The Minister of Power, Works and Housing, Babatunde Fashola, has warned building regulatory agencies that the Federal Government will not condone collapse of buildings under its mass housing project scheduled to commence soon. Fashola said this on Thursday in Abuja at the 6th Annual Building and Construction Economic Roundtable organised by the Quantity Surveyors Registration Board of Nigeria with the ...

The Kano State Government said it has paid N460 million accommodation subsidy for its 5,600 Hajj pilgrims to Saudi Arabia in 2016. The State’s Deputy Governor, Hafiz Abubakar, made this known while launching a training workshop for the state pilgrims in Kano on Saturday. Mr. Abubakar, a professor, said the state government found it necessary to pay the money in ...

The EFCC has reportedly seized properties worth N1.350billion belonging to Ekiti state governor, Ayo Fayose. The properties are said to be located in highbrow areas of Lagos and Abuja. Four in Lagos and two in Abuja. The houses seized are located at: 44, Osun Crescent and 32, Yedseram Street in Maitama, Abuja; and houses 3, 4, 6, and 9 in ...

The Federal Government has solicited the collaboration of insurance industry operators in infrastructural development in the country, just as it has said that henceforth, only contractors with prove of compliance with Workmen Compensation Act would be allowed to work in government ministries.   Workmen compensation is an insurance cover put in place by employers for their employees against injury at ...