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FASHOLA names housing estate after ENAHORO

Lagos State Governor Babatunde Fashola has named the Sogunro housing Estate, Ogba, after late nationalist, Chief Anthony Enahoro. In his address, while inaugurating the 240 housing units, Fashola lamented that the housing deficit in the country forced the state government to embark on the Lagos Home Ownership Mortgage Scheme, Lagos HOMS, to address the shortfall. Fashola further stated that aside ...

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Developers takes Eko Atlantic to Estate experts

The developers and city planners of Eko Atlantic city in Lagos have presented a specialized case study of the project to an audience of real estate experts and investors at MIPIM, the world’s leading property market that is held every year at Cannes, South of France. Vice Chairman of South Energyx Nigeria Limited, Ronald Chagoury Jr. disclosed this to newsmen ...

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Affordable FMBM RockView Estate unveiled in Abeokuta

AN alliance struck between the federal authorities and a private developer, Messrs Sparklight Property Development Company Limited has brought succor to contributors to the National Housing Fund (NHF) scheme and increased the housing stock by 196 housing units in Ogun State capital, Abeokuta The scheme known as Rockview Housing Estate, close to Obasanjo Hilltop, adds to the total of about ...

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Realtors at MIPIM see opportunity in Nigeria Market

Real Estate developers across the world have been charged to see the 16 million housing deficit in Nigeria as a golden opportunity to invest. According to a statement, Vice Chairman of South Energyx Nigeria Limited, Ronald Chagoury Jr and promoters of Eko Atlantic City (EAC) project, said at a workshop session at Premier Real Estate Event in France that it ...

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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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