Real Estate News

Residents and landlords of Victory Park Estate, Lekki, Lagos State have accused the Asset Management Corporation of Nigeria (AMCON) of harassment over their properties, despite pending court cases and orders. Two of such cases were filed by Mrs. Bose Ibude and Mr. Okechukwu Okoli and his wife against AMCON and its Receiver/Manager, Mr. Lanre Olaoluwa. The Plaintiffs obtained injunctions against ...

Ile Arugbo: Kwara State Government on Tuesday got a legal green light to proceed with building on the controversial Ile Arugbo land in Ilorin, with the court striking out the Bukola Saraki’s suit challenging the government’s take over of the land. Justice Abiodun Adewara of the Ilorin High Court struck out the case on Tuesday for “lack of diligent prosecution”. ...

If concerted efforts are not urgently put in place to address Nigeria’s housing deficit, which has continued to increase astronomically, it may grow to 25 million by the end of this year. This was revealed by the chairman, organising committee of the Real Estate & Construction Expo tagged ‘RECON Expo 2021’, Dr. Somadina Anene, at a press conference on the ...

The Ogun State Executive Council has approved for immediate reconstruction, the 2.35km Journalist Estate Road at Arepo in the Obafemi Owode Local Government Area of the State. According to the Hon. Commissioner for Works and Infrastructure in the State, Engr. Ade Akinsanya, “preliminary work has already commenced and the contractor is expected to mobilise to the site this weekend. This ...

Lagos State says it has constructed about 300 classrooms among some other projects in its school rehabilitation programme. The Chairman, Special Committee on Rehabilitation of Public Schools, Mr Hakeem Smith, said this during a press briefing on efforts to curb infrastructure decay and revamp public schools in Lagos. He said phase one of the projects which had taken off comprises ...

The Lagos State Government has sealed off 10 different buildings in Ogudu GRA for violating the state’s physical planning laws. Whilst leading a team of government officials for the special enforcement operation, the Lagos State Commissioner for Physical Planning and Urban Development, Dr Idris Salako, said owners of the property involved had chosen to remain obstinate in their wrong ways ...

The Federal Capital Territory Administration (FCTA) on Monday, demolished a filling station under construction inside the National Assembly Complex for allegedly violating the initial land agreement. According to FCTA, the developer was initially allocated the land for construction of the filling station for commercial purposes, but he decided to unilaterally commence building of a residential property adjacent the land earmarked ...

One of the houses of Sunday Adeyemo, also known as Sunday Igboho, has been gutted by fire. Newsmen gathered from sources that his house located at Soka in Ibadan started burning around 3:00 a.m. on Tuesday. The cause of the fire is still unknown at the time of this publication. Mr. Adeyemo no longer lives in the house affected by ...

The Federal Housing Authority (FHA) has handed over the site for the construction of 900 low-cost housing units in Ibadan, the Oyo State capital, to approved builders.  The authority handed over the site to the builders last week after scrutinising all necessary documents at a meeting on the site. The estate, Ajoda New Town, will sit on a 60-hectare land, ...

The two Ex-Big Brother Naija housemates (Ozo and Nengi) who achieved recognition through their relationship in the house have bagged a real Estate endorsement. The two stars were super excited and announced the good news via their social media handles. Their fans and well-wishers showed gratitude and support by trending their success story on Twitter.  Nengi and Ozo are now ...