Real Estate News

The Lagos State Government has promised to deliver the New Market, Camp Davies, Ishefun and Aiyetoro roads all in Alimosho area of the state in 12 months. The Commissioner for Works and Infrastructure, Mr. Ganiyu Johnson, who made the promise at a stakeholders’ meeting, urged the residents to cooperate with the contractor in the course of executing the project. According ...

The Kuje Amuwo Chieftaincy Family says it has taken possession of the landed property situate at 6th and 7th Avenues, FESTAC Town in Amuwo Odofin Local Government Area of Lagos State following a February judgement in its favour by a Federal High Court in Lagos. According to the family, it took possession of the land last week at a ceremony ...

The Lagos State Government has disclosed plans to address the dearth of skilled workers in the construction sector with the introduction of the ‘Master Craftsmen Project’. The Commissioner for Housing, Mr. Gbolahan Lawal, disclosed this at the inauguration of the Lagos Home Ownership Mortgage Scheme Oko-Oba Housing Estate. He said, “The Master Craftsmen Project is another policy initiative of this ...

A subscriber to the proposed Nyanya Community Plaza on the Abuja-Keffi Expressway, Mr. Emmanuel Ohanusi, has dragged the Abuja Municipal Area Council and the developer, Index Development Company Limited, to the Consumer Protection Council (CPC). Investigation by Punchng correspondent showed that the development of the plaza, for which money had been collected from about 600 subscribers, had been delayed since ...

The institute of Mortgage Brokers and Lenders (IMBL) has urged President Muhammadu Buhari to invest recovered looted funds in low-cost housing and mortgage. In a congratulatory message to the President on his one year in office, IMBL’s Director-General Elisha Jasper said lack of housing is the major plight that most Nigerians are facing. He said: “There is a lack of ...

The House of Representatives made shocking revelations yesterday as it unveiled malpractices in the award and allocation of 7,600 hectares of land to companies and individuals under the Land Swap programme. There were cases of unpaid dues and non- compliance with the requirements of the programme. A company, Gwagwa Concession Company, was allocated 841 hectares of land by the previous ...

In an interview with Vanguard, Managing Director of Infinity Trust Mortgage Bank Plc, Mr Olabanjo Obaleye, disclosed that the high cost of obtaining mortgages in Nigeria has been attributed majorly to the cumbersome procedures and cost of obtaining Certificate of Occupancy from State governments. Speaking on the difficulties mortgage banks encounter when dealing with state governments, especially in obtaining documentation ...

President Buhari will launch the Ogoni land clean-up on June 2nd. Minister of Environment, Amina Mohammed, disclosed this when she visited Bodo in Gokana Local Government Area of the state to inspect an oil spill clean-up demonstration this weekend. “I can confirm that President Buhari will visit Ogoni land on June 2 to flag-off clean-up of oil spills in the ...

Governor Ambode in his Democracy Day Broadcast Message to Lagosians, which he titled, “Daring to Dream and Ready to Actualise”, in commemoration of his  first year anniversary, said that despite the fact that the global economy is in turmoil and the Nigerian economy is facing huge challenges, Lagos has continued to march on with confidence and a clear vision. Highlighting ...

The Ogun State Government has announced that it is ready to present Certificates of Occupancy and other title documents to another batch of beneficiaries under the Homeowners’ Charter. A statement by the state government quoted the Director-General, Bureau of Lands and Survey, Mr. Biyi Ismail, as saying that 1,000 beneficiaries would be given their documents on Tuesday. The DG said ...