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ITMB boss outlines challenges facing mortgage industry

mortgage industry

The Managing Director and Chief Executive Officer, Infinity Trust Mortgage Bank Plc, Dr. Olabanjo Obaleye, has said that the mortgage industry was faced with several bottlenecks that needed the urgent attention of the Federal Government if it was determined to provide the 17 million housing deficit.   Obaleye, who said this in an exclusive interview with Nairametrics in Lagos on Monday, noted that ...

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‘Family Homes Funds will build 500,000 houses, create 1.5m jobs’

Funds

The Minister of Finance, Budget and National Planning, Mrs. Zainab S. Ahmed, has said the Family Homes Funds Ltd established by the federal government to build affordable houses will build at least 500,000 houses for low-income earners across the country. The minister also said while building the houses, the FHFL would create at least 1.5 million jobs.   The minister spoke ...

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 3 clerics arrested for raping real estate marketer in Ogun

clerics

Police in Ogun State has arrested three Islamic ‘clerics’ who specialized in swindling unsuspecting members of the public and raping their female victims. The trio was arrested on Monday, September 16, in Abeokuta, the state capital, following a complaint lodged at the Adigbe Police Station by a female victim. In a statement on Tuesday by the spokesperson of the Ogun ...

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Lagos communities task legislators on floods, illegal dumpsites

illegal dumpsites

Illegal dumpsites – Desirous of a safe environment, residents of Ifako-Ijaiye communities have appealed to the Lagos state house of assembly for quick intervention in protecting the area from been submerged in flood and illegal dumpsites. The President, Ijaiye Housing Estate/ Community Development Area, Olufemi Adebayo who made the plea lamented that the two major outlets for drainages in the ...

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LASEMA to develop app for road accidents

LASEMA

The Director-General, Lagos State Emergency Management Agency (LASEMA), Dr. Femi Oke-Osanyintolu, has said the agency is working on new technology to increase response time to emergencies in the state. He spoke on Monday at Ikeja, Lagos, during a stakeholders’ meeting on road traffic accidents. Explaining how effective the proposed app would be, the LASEMA director said, “The app will increase ...

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FCTA partners FERMA on road maintenance

FCTA

Minister of State for the Federal Capital Territory (FCT), Dr. Ramatu Tijjani Aliyu, has called for closer collaboration between the Federal Capital Territory Administration (FCTA) and Federal Road Maintenance Agency (FERMA) in road maintenance across the FCT. The management staff of FERMA, led by its managing director/chief executive officer, Engr. Nuruddeen Rafindadi, Aliyu noted that FERMA has diligently and competently ...

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Lagos seeks private sector partnership to tackle housing deficit

housing deficit

To address its eight million units housing deficit, the Lagos State government has expressed readiness to partner with interested and capable investors in the real estate sector. Commissioner for Housing, Mr. Moruf Akinderu-Fatai, said this in his Ikeja office while reviewing the activities of the ministry. He described the housing deficit in the state as quite huge, particularly in the ...

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ICPC seizes three more Dikko properties

ICPC

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has seized three additional properties belonging to the Nigeria Football Federation 2nd Vice President, Shehu Dikko. Officials of the ICPC had on Friday seized one of Dikko’s property located at No 1 River Benue Street, Maitama, Abuja. Apart from Dikko’s property, the ICPC also seized 11 properties belonging to NFF ...

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Family Homes Fund To Build 500k Homes ― Ahmed

family homes fund

Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed has charged the newly inaugurated board of the Family Homes Fund Limited to ensure the success of government’s ambition to create 1.5 million new jobs in the construction of 500,000 low-cost houses. She also warned members to be prudent with the management of funds that will be deployed to the ...

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Sanwo-Olu seeks Badagry, Lekki Seaports’ approval

Sanwo-Olu

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday called on the Nigerian Ports Authority (NPA) to accelerate the process of giving approval to the State’s request to build two seaports in Lekki and Badagry. The Governor said the State had already deployed resources and manpower in the construction of the seaports, which, he said, were being initiated to complement the ...

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