Real Estate News

The Minister of Transportation, Rotimi Amaechi, has said that the Federal Government has set aside N120bn for different railway projects across the country in the 2016 budget proposals. Amaechi stated this in Abuja on Thursday after an inspection tour of the Abuja-Kaduna rail modernisation project, adding that the facility had been completed and that the government would commence free test ...

Lagos State Governor, Akinwunmi Ambode, says Lagosians will start using the blue line of the light rail project by December 2016. Ambode spoke during the 5th Lagos Corporate Assembly, a forum for public-private sector engagement, at the Lagos House, Ikeja. He said, “The contractors are actually working on the waters for now and by December this year, the project will ...

The Economic and Financial Crimes Commission has filed an application at the Federal High Court, Lagos, seeking an order to seize all properties belonging to a former Niger Delta militant leader, Government Ekpemupolo. Mr. Ekpemupolo, also known as Tompolo, was declared wanted by the EFCC last week after failing to ‎honour repeated invitations for questioning. Mr. Ekpemupolo and Patrick Akpobolokemi, ...

President Muhammadu Buhari on Thursday extended his sympathy to victims of the fire outbreak in the popular Singer Market in Kano, where at least 200 shops and warehouses were burnt. A statement by the president’s spokesman, Femi Adesina said the president was deeply saddened by the destruction of very valuable goods and property in the inferno. “The president shares in ...

Nasarawa Geographic Information Service (NAGIS) is to map out land for the proposed mass housing scheme of the federal government. Media aide to Governor Umaru Tanko Almakura, Ahmed Tukur, made this known on Tuesday in Lafia adding that NAGIS will be engaged to work out the master plan for the land after the aerial survey of the proposed area to ...

The police in Anambra have arraigned a 55-year-old Onitsha-based business man, Mr. Kenneth Okigbo, for allegedly damaging a shop valued at N248,350, property of one Chinedu Anthony Okonkwo, on December 15, 2015. Mr. Okigbo was arraigned before an Onitsha Magistrate court presided over by M.N. Amaduah of the Magistrate Court 7, Onitsha. In the charge, the police said Okigbo willfully ...

The Minister of Power, Works and Housing, Babatunde Fashola, says Nigeria needs emergency action to guarantee a rapid turnaround of the deplorable road network in the country. Mr. Fashola stated this while speaking with journalists during the assessment of the deplorable condition of the 96-kilometre Ilorin-Jebba-Mokwa road on Tuesday evening. Mr. Fashola also called for an amendment of the procurement ...

The Borno State government said on Wednesday that it was working on plans to re-open major highways linking Maiduguri to other parts of the state. The state governor, Kashim Shettima, stated this while speaking at an interactive forum with traders of the Monday Market in Maiduguri. The governor explained that the objective was to rejuvenate the economy of the state, ...

The Economic and Financial Crimes Commission (EFCC) on Tuesday February 16, 2016 handed over a forfeited property of an uncompleted 3 Bedroom bungalow from one Seun Jamiu Odunayo to the complainant, Skye Bank Plc. Odunayo, a former banker and native of Sagamu in Ogun State, got into trouble after the Commission received a petition from one of the banks, sometime ...

The suit instituted by The Nigeria Stock Exchange (NSE) against its former Director General, Nididi Okereke Onyiuke and others to recover a building alleged to have been acquired illegally has been adjourned till 1st of March, 2016 for either report of settlement or hearing. Others joined as co-defendants in the ensuing property recovery suit are former Assistant-Director General of the ...