Real Estate News

North-South arterial highways, which include the Ilorin-Jebba-Mokwa road and Lagos-Ibadan Expressway, are top on the list of 206 road projects that the federal government will concentrate its energies and finances on in 2016, Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said. Fashola said his ministries had proposed a budget of N433 billion to the National Assembly, out ...

The federal government has committed N44 billion to the development of social housing in the 2016 budget, in fulfillment of its proposed plan to build one million housing units across the country yearly. Prof. Mohammed Al-Amin, Managing Director of Federal Housing Authority (FHA), disclosed this when he visited the Turkish Embassy in Abuja, as a follow-up to the recent visit ...

Following the dearth of housing supply and rising demand, estate surveyors and valuers have urged the Federal Government to ease land administration by reviewing and enacting title registration laws in the country. The surveyors, under the umbrella of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), in a proposal to the Minister of Power, Works and Housing, Mr. Babatunde ...

The Nigeria Labour Congress (NLC) in Sokoto State says it will build 3,050 housing units for civil servants in the state. The state Chairman of the NLC, Mr. Aminu Umar, disclosed this in Sokoto on Sunday at the 2016 May Day Celebrations. Umar, who was represented by his Deputy, Mr. Abubakar Malami, said that the houses will be built in ...

The Nollywood star, Tonto Dikeh, has attained new heights as she was revealed as an ambassador of a housing and property agency in Abuja, The Nigerian Unity Museum & Trade Tourism Village (NUMATVILLE) on the 29th of April, in a deal reportedly worth millions. She announced the deal on her Instagram page, showing her delight to be a part of “promoting national ...

According to leaked data from Panamanian law firm, Mossack Fonseca, a former Minister for National Planning, Rasheed Gbadamosi, bought two luxury penthouses worth $2.6m in Panama in 2008 while serving as the Chairman of the Petroleum Products Pricing Regulatory Agency. According to a documents sighted by Nigerian online newspaper, Premium Times, Gbadamosi who was recently appointed co-chairman of the Lagos ...

A real estate firm, GKS Properties, has urged the Lagos State Government to intervene in a land dispute between it and one Ayodele Eniola. The land, at Phase II Block B Plot Parcel 3&4, Gbagada Industrial Scheme on Anthony-Gbagada Expressway, was allocated to Real Properties Limited in 2007. At a press briefing yesterday, a representative of GKS Properties, Navy Commander ...

The Economic and Financial Crimes Commissions (EFCC) has seized properties belonging to former Minister of Petroleum, Mrs. Diezani Alison-Madueke. The Nation reports that EFCC confiscated houses and a very expensive wrist watch worth £600, 000 as well as other gold and diamond jewelry from the former minister who is being prosecuted at the Westminster Magistrate’s Court in London for money ...

A Lagos State High Court Justice has granted the widow of the late Ikemba of Nnewi, Chukwuemeka Odimegwu Ojukwu, Bianca Ojukwu leave to re-open her evidence-in-chief, in the case she instituted against her husband’s family. Justice Abdulfattah Lawal granted Mrs. Ojukwu leave as she had on behalf of her two under-aged children, Afamefuna and Nwachukwu (claimants) dragged Ojukwu Transport Limited ...

The Nigeria Mortgage Refinance Company (NMRC) has appointed four independent Directors to serve on its Board, in line with its commitment to adopting international best practices in corporate governance. Those appointed include Professor Charles Okeahalam, who will also serve as the Chairman of the Board of Directors; Mr Charles Adeyemi Candide-Johnson (SAN); Mrs Fatima Wali-Abdurrahman and Mrs. Anino Emuwa. Dr. ...