Real Estate

The Department of Development Control of the Federal Capital Territory Administration (FCTA) has served a stop-work-notice on a property under construction on Lobito Cresent, Wuse II, Abuja. A combined team of the department and the Abuja Environmental Protection Board (AEPB) also arrested the owner of the property, Mr. Daniel John, for cutting down six trees around the site. The Director ...

Three months after he was deposed as Emir of Kano, a Federal High Court sitting in Kano has approved the move by Kano State Public Complaints and Anti-Corruption Commission to investigate Malam Muhammadu Sanusi II over alleged N2.2 billion land scam.  It was reported in March that the then Emir was facing fresh investigation by the anti-graft agency over alleged ...

The Ministerial Task Force on City Sanitation of the Federal Capital Territory Administration (FCTA) has closed down an illegal motor park at the Apo Roundabout and also shut down a nearby cattle market. The Chairman of the task force, Ikharo Attah, said the clean-up was part of effort to restore the aesthetics of the capital city while he warned all ...

The Bayelsa Government has sealed six churches in the state for breaching ”operational protocols” required to conduct services during the COVID-19 pandemic. It was reported that the state government on May 7, relaxed its restriction on social gatherings and allowed churches to hold services with up to 50 worshipers. The relaxation was granted, subject to compliance to strict conditions on ...

The Lagos State Government has increased its housing stocks with the commissioning of Courtland Luxury Villas and Ikate Elegushi Lekki Apartments. The Courtland Luxury Villas and Ikate Elegushi Lekki Apartments provide a total of 264 units of flats from one bedroom to four bedrooms for upper and middle-income earners working around Lekki and Victoria Island of Lagos Governor Babajide Olusola ...

Lagos State Government has said it will sanction property developers and state officials who undermine the state’s planning approvals and encroach on the alignments of the regional road. The Lagos State Governor, Babajide Sanwo-Olu, was reported in a statement as saying this during the inauguration of the construction of a regional road at Eti-Osa. The road would link the VGC ...

The Asset Management Corporation of Nigeria (AMCON) has joined stakeholders to call on the federal government to provide bailout for the aviation sector, noting that airlines and agencies in the industry critically need financial support in order to sustain their operations. The call was made by the Executive Director in charge of Operations at AMCON, Mr. Aminu Ismail, who controls ...

The Lagos State Government has intensified efforts to complete construction works on nine concrete jetties, with shelter and shoreline protection across the State waterfront, in a bid to improve and boost water transportation, as well as decongest traffic on the roads. The Honourable Commissioner for Waterfront Infrastructure Development, Arch. Kabiru Abdullahi disclosed this on Wednesday at the 2020 Ministerial Press ...

The Niger State Governor, Alhaji Abubakar Sani Bello, has described the abduction of some construction workers in the state by bandits as an act of sabotage. A site engineer, Alhaji Abubakar Sadiq, and three other members of staff of an indigenous road construction company were kidnapped in Shiroro Local Government Area last week by the bandits who initially demanded N1 ...

Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray. With the disruption, home buyers are still hesitant to buy. For them, the period was not ripe to invest as they don’t know how long the pandemic will last and are adopting a survival strategy. ...