Real Estate News

According to recent reports, Akinwunmi Ambode, governor of Lagos state, has revoked the allocation of over 25 plots of land by his predecessor, Babatunde Fashola. This allocation was a last minute decision by the administration of Fashola. TheCable learnt that the expansive land at Lekki Phase One had been allocated to the Lagos State Water Corporation in 1998 by the ...

Sahara Reporters released a report claiming Ngozi Okonjo-Iweala’s family was planning to open a multi-million dollar hospital in Abuja, the former Minister says this is not true. In a response to that report , Ngozi Okonjo-Iweala has denied the claims. Read her full response below: –   Having failed to achieve any success after months of unsubstantiated figures and wild ...

A traditional ruler and businessman, Chief Moroof Owoola has accused the police of unlawful invasion of his property at Oke Ira Nla area of Eti Osa Local Government Area of Lagos State. The police action, he claimed, violated  a perpetual order issued by a Lagos High Court, Ikeja, restraining the police from invading the property. He said that police operatives led ...

The Sokoto State Government has introduced a monthly incentive of one million naira to any district adjudged to be the cleanest in the state. Governor Aminu Tambuwal disclosed this Saturday at the flag-off of special environmental sanitation programme in Sokoto, saying the incentive is part of measures to enhance cleanliness and preservation of the environment. He said the incentive is one ...

Fidelity Bank bridges housing gap with ‘Save 4 Shelter’ promo Fidelity Bank has unveiled the ‘Save 4 Shelter’ Promo as part of its contribution towards bridging the housing deficit in Nigeria, Africa’s largest economy by GDP. This novel initiative, besides increasing awareness on the need to acquire a savings culture, is also a veritable instrument for advancing the quest for ...

Commitment from the government and all stakeholders will make more impacts on the real estate sector of the economy, which at the moment is performing far lower than its inherent potentials, capable of propelling the country’s Gross Domestic Product (GDP). In a forecast of the real estate sector, the Managing Director, Propertygate Development and Investment Plc, Mr. Adetokunbo Ajayi, who ...

Afriland Properties Plc, the concessionaire of the Falomo Shopping Mall has stated that the shopping mall was not leased to it for 50 years for N50 million as widely reported in the media. In a statement released and signed by Uzo Oshogwe, MD/CEO Afriland Properties Plc, the company stated it rather signed a deal with the Lagos State Development and ...

The owners of houses allegedly built on school land along Constitution Road in the Kaduna metropolis, have dragged the state government to court for marking their houses for demolition. PremiumTimes reported last week that Governor Nasir El-rufai had allegedly spared some structures erected on lands belonging to public institutions on Constitution Road, and warned agency responsible to avoid blanket marking ...

Mass housing deficit across the country have been attributed to weak mortgage laws, which does not encourage long term credit facility for prospective housing developers, as it is done in developed countries. Addressing the media on Monday, on its 2015 Archibuilt edition, with the theme: Solution for Everyday Living, in Abuja, the Chairman of Archibuilt Development Service Limited (ADSL), Mrs. ...

These are not comfortable times for some ‘super rich’ civil servants as they are said to be rushing to sell their choice houses and state-of-the-art automobiles in order to avoid losing the properties to the President Muhammadu Buhari’s anti-graft crusade, ghanaweb reports. There are indications that the mass disposal of property is out of fear of losing properties to Buhari’s ...