Real Estate News

Residents of Gbagyi community in Kaduna State have called on the state government to rescind its decision of demolishing the settlement. The Kaduna State Government through it development control agency, KASUPDA, issued a warning asking those who built on the land to vacate or face outright demolition. According to Premium Times, some residents described the planned action as inhuman and ...

The Speaker of the House of Representatives, Yakubu Dogara, has lamented the Kano market inferno, urging the citizens to be proactive in preventing such incident. Fire on Friday razed down hundreds of shops in Kano’s Sabon Gari market, one of the major commodity markets in northern Nigeria. The fire started at about 10 PM, and is believed to have destroyed ...

An Ebute Meta Magistrates’ Court on Thursday granted bail to Robert Nyong, the Managing Director of Lekki Garden Homes, where a five-storey recently building collapsed killing 35 people. The Chief Magistrate, Afolashade Botoku, also admitted Taiwo Odofin, the contractor of one of the collapsed buildings, to bail in the like sum of N10 million with two sureties in like sum. ...

The National Assembly in Nigeria has passed the 2016 budget of 6.06 trillion Naira. The budget passed on Wednesday by the Senate and the House of Representatives was 17 billion Naira lower than the figure of 6.07 trillion Naira presented by President Muhammadu Buhari to the National Assembly in December. There’s been a lot of debate about the allocation of ...

A pregnant woman, Kafayat Somoye, and her five-year-old daughter, were on Thursday killed when an old building at Onifufu/Aderupaba compound in Oke-Ijeun area of Abeokuta, caved in on them. A witness said the mother was taking her child, Ganiyat, and her brother, Ganiyu, to school, when a cracked wall of the building located near their home suddenly collapsed and fell ...

The Minister of the Environment, Hajia Amina Mohammed, on Monday described partnerships as a thrust of the President Mohammed Buhari administration. The minister spoke at the inauguration of the Imani-Shell Estate Phase 2 located in Maitama District of Abuja in the Federal Capital Territory. The project was developed by Shell Nigeria Closed Pension Fund Administrator in partnership with Imani and ...

To forestall the incidence of false declaration of assets by politicians and other citizens, the Estate Surveyors and Valuers Registration Board of Nigeria is set to introduce a property valuation certificate in April. This initiative, it said, was prompted by the trial of the Senate President, Bukola Saraki, at the Code of Conduct Tribunal. Saraki is standing trial at the ...

Press release The Standards Organisation of Nigeria (SON), Nigerian Building and Road Research Institute (NBRRI), the Nigerian Institute of Town Planners and Lifemate Furniture Company, have endorsed the Lagos Housing Fair. By this, they have become the official partners of the fair. The specialized fair has attracted over 180, 000 persons since its debut in 2001. The fifteenth edition holds ...

The immediate past Lagos State Commissioner for Physical Planning and Urban Development, Toyin Ayinde, has said the spate of building collapse in the country is a signal that quality is being compromised. Ayinde, who spoke at this year’s Annual General Meeting (AGM) of the Association of Town Planning Consultants of Nigeria (ATOPCON), stated that aside the quantity of building materials, ...

The Director-General of the National Emergency Management Agency (NEMA), Alhaji Sani Sidi, yesterday described the increase in building collapse as worrisome. He said lives and property have been lost as a result of building collapse. According to him, there is need for contractors to abide by the rules and regulations while building houses, to protect them from collapse. The director-general ...