Real Estate News

Following the wanting of Kriston Lally’s CEO by the EFCC and him turning himself to the EFCC, After making a comprehensive statement on what he knew about the failed Nigeria Labour Congress, NLC, Housing Scheme, Managing Director of Kriston Lally EPC Nigeria Ltd, Mustapha Umar Madawaki, was on Thursday granted conditional bail by the Economic and Financial Crimes Commission, EFCC. ...

Nigeria is at the forefront of West African countries in major infrastructure construction projects in 2014, according to data from a recently released Deloitte African Construction Trends report. The report states that Nigeria spent $36.4 billion in major infrastructure construction projects for the year under review. Investment has been on the rise following the rebasing of the country’s gross domestic ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...