Real Estate News

The Built Industry, under the aegis of Real Estate Developers Association of Nigeria (REDAN), has called on the three tiers of government to provide counterpart funding to help reposition the industry. Public Relations Officer, REDAN, Mr Chima Chukwubuchi, made this call in an interview in his office in Port Harcourt. Tide reports that Chukwubuchi expressed  worry over the challenges developers ...

Enugu state government has set a target of one trillion naira to be realised from the sale of landed property at the newly carved out New Independence layout within Enugu metropolis. The target, which is coming on the heels of the recently concluded Oganiru Enugu Investment Summit, also came with a cheery news of government’s plan to build about 2, ...

Alhaji Aliko Dangote, Chairman of Dangote Cement Plc, yesterday charged the Federal Government and other African countries to invest in infrastructure and housing to support the rapidly developing continent, just its company is expanding across the continent. He stated this at the company’s Annual General Meeting (AGM) where it declared N8 per share dividend for the financial year ended December ...

The two engineers, who constructed the collapsed seven-storey guest house of the Synagogue Church of All Nations (SCOAN), were on Tuesday remanded at Kirikiri Maximum Prisons, Lagos. An Ikeja High Court which gave the ruling, said the men should be kept behind bars pending the determination of the charges against them. The News Agency of Nigeria (NAN) reports that the ...

The Lagos State government has cleared the air over who is responsible for payment of Land Use Charge in the state. Mustapha Akinkunmi, the Commissioner for Finance, said Monday that land owners and landlords, not tenants,‎ are to pay the fee. Payment of Land Use Charge is often a contentious issue between property owners and tenants in Lagos, with the ...

The Nigerian real estate market has been hampered by the general lull in the nation’s economy with most operators now struggling to remain in business. Mr. Omo Aisagbonhi, Chairman and Chief Executive Officer of OMAIS Investment Group, developers and owners of Trinity Mall, Disclosed this at a media parley in Lagos penultimate weekend ago. He said the harsh economic situation ...

The Senate President, Senator Bukola Saraki has called on estate surveyors and valuers to evolve strategies that would check corruption in the real estate sector, reiterating National Assembly’s resolve to stimulate urban development in the country through oversight function and effective legislation Saraki made the call while declaring open the 46th Annual Conference of NIESV with the theme; ‘City Growth: ...

A witness, Michael Wetkas, on Monday, told the Code of Conduct Tribunal (CCT) that Senate President Bukola Saraki used different bank drafts to buy properties in Ikoyi, Lagos. Mr. Saraki is facing a 13-count charge bordering on allegations of false asset declaration and money laundering. He had earlier pleaded not guilty to the charges. At the resumed hearing of the ...

Kidnappers’ Den located at Nkporo community of Ohafia Local Government Area of Abia State was on Friday, demolished on the instruction of the state governor, Okezie Ikpeazu. The building is said to have been used by some kidnappers to keep their victims until ransom is paid. See photos  below:

Police at State Criminal Investigation Department, SCID, Panti, Yaba has arrested a housewife over an alleged attempt to kill her husband of 18 years following a disagreement over properties. According to PM News, the suspect identified as Mrs Florence Njideka Chukwuma, a resident of No 48 Olukotun street, Ejigbo, allegedly poured a gallon of petrol on her husband, Chinedu, during ...