Land Matters

On a sunny Thursday afternoon in November 2014, Nonso Ofole, a motor sports park entrepreneur, arrived at his project site in Abuja to a great shocker – a Julius Berger-owned earth-mover was clearing the site he said is duly his. Julius Berger, is a German-owned Nigerian-based construction firm. What followed after Mr. Ofole observed the construction company allegedly trespassing his ...

I call this approcah the Rent-to-Own or Lease option. The beauty about rent-to-own is that it takes care of the challenge of the tenant. The dilemma about tenancy is that you can be a tenant in a house for thirty years, paying your rent as at when due. If by the thirty-first year you lose your job and cannot pay, ...

In a desperate bid to raise funds ahead of February general elections, politicians seeking or sponsoring candidates for elective posts have started selling their property in major cities of the country such as Lagos, Abuja and Port Harcourt. According to a report by PUNCH, the development had crashed property market value as the politicians reduced the cost of their property ...

In a move aimed at wooing investors towards further strengthening the economy of Lagos at a time falling oil prices are pushing some states towards insolvency, Governor Babatunde Fashola has signed an executive order slashing rates applicable to land transactions in the state. The governor’s action is a response to public outcry against difficulties associated with land transactions in Lagos, ...

A 27-year-old man, Michael Abodurin, has been stabbed to death by hoodlums called by his landlady, Mrs. Idowu Adenekan, in the Oworonsoki area of Lagos. According to PUNCH, the problem started after the deceased’s friend could not pay back the N200 he borrowed from the landlady last year. It was gathered that after it dawned on Adenekan that the debtor ...

In an effort to amicably resolve a lingering crisis involving the Economic Community of West African States (ECOWAS) and the Federal Capital Territory Administration (FCTA), over the former’s property, the Federal Government has waded in, raising a committee saddled with the responsibility of proffering solution to the dispute. In a meeting with the ECOWAS President, Mr. Kadré Désiré Ouadraogo, in ...

Messrs Eagle Hills, the Abu Dhabi-based real estate investment and development company handling the development of Abuja Centenary City, has appointed construction giants, Julius Berger Nigeria PLC as a key collaborator and developer of the multi-billion dollar city. Centenary City is a joint venture between the Federal Government and Eagle Hills to create the city of the future in Abuja. ...

A Lagos High Court Ikeja has restrained Lagos State governor and others, from further construction in a disputed property located at 7, Law Close, Magodo. Justice Atinuke Oluyemi halted further work on the site in an injunction she delivered last week, following an application by the claimant, Dr. Mrs. Abimbola Odumosu. Odumosu through her counsel, Adekunle Oyesanya (SAN), has approached ...

In a bid to provide housing for the informal sector, the Federal Housing Authority (FHA) last week entered into a partnership with traders in Abuja for the delivering of 5,000 housing units in the Federal Capital Territory (FCT). Under the scheme with the National Association of Nigerian Traders, the first phase will start in the site for the proposed FHA ...

Members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) have urged the private sector to complement the efforts of the federal government in providing housing to the teeming populace. The estate surveyors made the plea during a press conference to usher in the National Housing Summit being organized by NIESV’s Faculty of Housing in Lagos on the theme: ...