Real Estate News

The Federal Mortgage Bank of Nigeria (FMBN) said  it would commence “ Rent-to-Own ” scheme to ease the housing challenges in the country. Mr Gimba Ya’u Kumo, the Managing Director of the bank, told newsmen in Abuja that the “Rent to Own’’ scheme was mainly for Nigerians who could not afford mortgages. “For Nigerians that cannot afford mortgages, the way ...

Twin bomb explosions which occurred in Damaturu, Yobe State, on Wednesday killed 18 people, two more than initially reported, Governor Ibrahim Gaidam said. The attacks took place around Ministry of Housing quarters and Buhari Housing Estate in Damaturu. The Executive Secretary, State Emergency Management Agency, Musa Idi, had earlier confirmed the blasts. Gov. Gaidam condemned the suicide attacks which also ...

Goods worth millions of naira were wednesday destroyed by fire in Sabo market at Ikorodu. The inferno started around 1:25am. The cause of the fire could not be ascertained, but speculations were rife that it was caused by a spark from a chemical shop following restoration of light around midnight. The Nation learnt that there had been power outage for ...

The Economic and Financial Crimes Commission (EFCC) on Wednesday asked an Oyo State High Court to order the forfeiture of the properties belonging to a former Head of Service of the state, Alhaja Kudirat Adeleke and 11 others. The defendants are facing a 213-count charge bordering on conspiracy, obtaining money by false pretence, fraud and forgery. Adeleke and the 11 ...

The Managing Director of Federal Housing Authority (FHA), Prof. Mohammed Al-Amin, has decried the sanitary and living conditions in Internally Displaced Persons (IDPs) camps in Maiduguri. He described the conditions at the camps in the Borno State capital as deplorable and unhealthy. Al-Amin, who slept in one of the camps as part of activities marking the just-commemorated World Habitat Day, ...

Melbourne, Australia, is the most livable city in the world, at least based on a complex formula devised by the Economist Magazine. Melbourne? What is Nigeria ranked?   Melbourne beat out Vienna and perennial winner Vancouver, primarily based on its infrastructure. The city also attracted top marks for health care and education. Eight of the top 10 cities are in ...

First Empire calls on govt to ease land acquisition The First Empire Group has highlighted the need for the government to enhance the process of acquiring land in order to bridge the over 17 million housing deficit in the country. The Head of Energy, First Empire Group, Mr. Dimeji Oganla, stated this in Lagos, while announcing the company’s new housing ...

With a view to ascertaining alleged infringements in the Land swap policy, House of Representatives yesterday ordered an investigation into implementation of the Policy initiated by former Minister of Federal Capital Territory, FCT, Bala Mohammed. The policy, a land-based financing of infrastructure development, involves the granting of land to competent real estate developers, who will in turn provide infrastructure such ...

The Ogun State Government has established 300 tertiary control points to boost survey across the State in an effort to upgrade and re-equip the Department of Survey in the State Bureau of Lands and Survey. The Head of Survey Department of the Bureau, Olatunde Onososen, made this known on Wednesday at Oke-Ilewo, Abeokuta. He said Ogun State Government had procured ...

A Wuse Zone 2 Magistrates’ Court in Abuja on Wednesday remanded in custody a 42-year-old man, Lateef Abu, accused of attempting to dupe a former minister of a property in the FCT Mr. Abu, a staff of the Abuja Geographical Information System, is standing trial on a two-count charge of criminal breach of trust and forgery. The Magistrate, Anka Mustapha, ...