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Wanted Kriston Lally CEO turns self in

kriston lally

Barely a week after being declared wanted by the Economic and Financial Crimes Commission, in connection with the controversial Nigeria Labour Congress N3 billion Housing scheme for workers, the man behind the failed project has been detained by the operatives of the anti-graft agency. Vanguard gathered from competent sources in the commission that the Chief Executive Officer of Kriston Lally ...

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NSE places Union Homes’ shares on full suspension

The Nigerian Stock Exchange, NSE, has placed the shares of Union Homes and Savings Plc on full suspension. By full suspension, stockbrokers are not permitted to execute any transaction on the shares of the company within the stipulated period. This, according to a regulatory filing obtained by Vanguard, is pursuant to a March 10 2015 directive of the Securities and ...

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Abuja : FCT staffs thank minister for Land allocation

demolitions in abuja

Workers under the Federal Capital Territory Administration (FCTA) Staff Multi-purpose Cooperative Society Ltd last Thursday thanked FCT Minister Bala Mohammed for giving approval to their application for land for its members. The land was allotted for construction of affordable houses for staff within FCT. The president of the society, Comrade Emmanuel Abenu expressed appreciation to the minister saying this is ...

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500 houses for Civil Defence Corps in Kaduna

The Nigeria Security and Civil Defence Corps (NSCDC) on Sunday flagged off the construction of 500-unit residential estate for its officers and men along Maraban Rido by Eastern Bye-pass in Kaduna. The Commandant-General of NSCDC, Dr. Ade Abolurin at the ground breaking ceremony noted that the housing project is being actualized through a public/private partnership with Royal Voyage Company Limited ...

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FCT: Capital estate should be ready for use by October

Minister of Lands, housing and Urban Development, Mrs. Akon Eyankenyi has said that the APDC Capital Estate-phase 1, located in Kubwa will be ready for commissioning in December. The minister gave this assurance when he inspected the estate last week. The minister also expressed satisfaction with the level of work done so far, describing the estate as one of the ...

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Court upholds ruling on Malaysian gardens

misconduct charge court stories alleged fraud

The legal case between a private developer, Global Formwork (Nig.) Ltd, the developer of Malaysian Gardens and FCT Administration climaxed with a  recent High court ruling granting the developer the right to continue building the estate. The 14085 housing units’ project, known as Malaysian Gardens, was launched by former President Olusegun Obasanjo in 2006 and is standing on 500 hectares in ...

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Architect Blames Housing Woes On Inconsistent Policies

Dolphin Estate

An architect in Port Harcourt, Leonard Ladipo, has identified inconsistency in policy as the problem of development in the housing sector in Nigeria. Ladipo who came up with this while speaking with The Tide shortly after a forum in Port Harcourt recently, noted that many past administrations that formulated various housing policies never accomplished them. According to him, the housing ...

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I will back property tax in FCT — AMAC/Bwari Rep. hopeful

LABOUR Party (LP)  House of Representatives candidate for AMAC/Bwari federal constituency, Chief Somadina Anene, says he will support the collection of property tax in the FCT for developmetal projects. Anene, who said he would not shy away from the tax in so far as it will not be punitive and unreasonable for people to pay explained that the FCT residents can’t ...

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Noon fire damages CAN President’s church property

pastor ayo oritsejiafor

In Warri, A noon fire on Sunday razed the top fourth floor of the Eagle Nest, the guest house belonging to the Word of Life Bible Church, Warri, Delta state founded by Pastor Ayo Oritsejafor, President, Christian Association of Nigeria (CAN). The fire, reportedly noticed at about 12:55pm following close of the second church service, took joint response by the ...

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Senate faults sale of Ibru’s property despite owing N16.1m

The Senate on Monday expressed dissatisfaction with sale of the confiscated property of the Managing Director of the then Oceanic Bank Plc, Cecilia Ibru, by the Asset Management Corporation of Nigeria.   The Senate said the procedure was not open. This was even as AMCON disclosed that Ibru was still owing about N16.1 billion. The Senate Committee on Drugs, Narcotics, ...

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