Real Estate News

HOUSING LAW Five states of the federation are expected to conclude the passage of their draft housing bills into law before the end of year. Findings by our correspondent show that Ogun, Osun, Kebbi, Plateau and Edo states are at various stages of passing the law, which is expected to improve access to mortgage and homeownership for their residents. The ...

Following the payment of $12m by the Federal Government, China Harbour Engineering Company Nigeria Limited has mobilised to the Kugbo, Abuja axis to commence work on the expansion of the Abuja-Keffi carriageway and the Keffi-Akwanga-Lafia-Makurdi Expressway. The Federal Government was expected to provide 15 per cent counterpart fund for the project while the Chinese EXIM Bank will provide a balance ...

Justice J.S. Tsoho of the Federal High Court Abuja discharged and set aside the interim order of forfeiture on grounds that EFCC had failed to prove that Bala Mohammed was the owner of the property. An Order of Interim Forfeiture of property allegedly belonging to Bauchi States Governor, Bala Mohammed obtained by the Economic and Financial Crimes Commission (EFCC), had ...

The federal government has expressed optimism that flood control project would reduce threats to lives and property of staff and students while safeguarding school environment. The Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, disclosed this at the commissioning and handing over of gully erosion and flood control works at the permanent site of Federal Government Boys ...

An FCT High Court, Maitama has granted an order of interim forfeiture of 29 properties in different locations in Abuja said to be worth about N8.8billion. The Independent and Corrupt Practices and Other Related Commission (ICPC), had applied for the interim forfeiture of the properties through an ex-parte motion. Twenty seven respondents were listed on the motion including Shehu Yaradua ...

After concluding the reclamation of some abandoned properties at the BDPA Housing Estate in Ugbowo, the Edo Development and Property Agency (EDPA) has set modalities for the sale of the properties to interested persons. The Executive Chairman of EDPA, Isoken Omo, in a statement, said the buildings were discovered during the recertification exercise, after which the ownerships of the properties ...

The Nigerian Ports Authority (NPA), has urged the federal ministry of Power, Works and Housing to hand over the uncompleted Tin-Can Island Trailer park to the authority for completion. This plea was made by the managing director of NPA, Hadiza Bala-Usman when she appeared as a guest on Logos Talk FM, 96.1FM in Lagos recently. This was even as truck ...

High cost of securing and registering secure land title; inadequate access to finance, slow administrative procedures, and high cost of land, have been identified as the major factors affecting housing development in the country. President of Real Estate Developers Association of Nigeria (REDAN), Rev. Ugochukwu Chime who stated this in Enugu, said the association was collaborating with other critical stakeholders ...

The Ondo State Government on Thursday flagged off the Ugbonla Solar Mini-grid Power Project in Ilaje Local Government Area, under the Phase 1 of the Ondo State Electricity Improvement and Access Scheme. Mr. Tunji Ariyomo, the Special Adviser to the Governor on Public Utilities, said at the ceremony that construction of the hybrid solar mini-grid power plant was aimed at ...

No fewer than seven persons lost their lives in a road crash involving a truck with registration number BSA 214 XA and a Toyota Hiace bus with registration number BSA 453 XJ at Hawan Kibo on the Hawan–Kibo–Jos road in Riyom local government area of Plateau State. The truck belongs to Dangote company while the bus was from God’s Time ...