Real Estate

President Muhammadu Buhari says the Federal Government has commenced the audit of construction sites to ascertain the level of compliance with Executive Order 5 targeted at improving local content in public procurement. Buhari said this in Abuja on Friday at the opening ceremony of the 60 Anniversary Colloquium of the Nigerian Society of Engineers (NSE). The theme of the colloquium ...

In an interview with Guardian Newspapers recently, Debo Adejana, the CEO of Realty Point, spoke on the widening housing deficit in Nigeria and how government can help the private sector in addressing the needs. Realty Point is one of Nigeria’s leading mass housing development companies, passionate about cooperative housing and home-ownership. In Nigeria, there are between 17-23 million housing deficit, what ...

Gun-wielding land grabbers Thursday sacked residents of Ekerin layout, behind Abe Technical College, New Garage/Akala expressway in Oluyole Local Government Area of Oyo State from their houses. The land grabbers were also armed with padlocks, chains, red paint with which they mark ‘x’ on the affected buildings. Eyewitnesses said many people fled for their dear lives and others who were ...

Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Ahmed Dangiwa, said the bank has recouped more than N3 billion in its loan recovery drive in 2018. Dangiwa made the disclosure in Abuja on Saturday in a statement signed by Mrs. Zubaida Umar, FMBN’s Group Head, Corporate Communications. He pointed out that the bank recovered N2.4 billion in 2017. He said ...

In yet another massive intervention, the Aliko Dangote Foundation is set to commission 10 blocks with double-bunk beds hostel valued at N1billion built for the Ahmadu Bello University (ABU) Zaria. Ibrahim Garba, Vice Chancellor of the University, in an interview, said the Dangote Hostel will go a long way in ameliorating the accommodation scarcity bedeviling the university. Garba referred to ...

The Nigerian Society of Engineers (NSE) has insisted that all hands must be on deck if federal government is to tackle the rising housing challenges confronting Nigerians. Unofficial data put the country’s housing deficit at over 18 million housing units. President of NSE, Engr. Adekunle Mokuolu also called on relevant authorities to engage experts and ensure proper planning of cities. ...

Samuel Omotoso, a legislator in the Ekiti state House of Assembly, has said that a two-storey building sealed by the Economic and Financial Crimes Commission (EFCC) at Okesa Market belongs to him. The lawmaker described the conduct of the EFCC as harassment and political infringement on his property. He claimed the anti-graft agency’s action was as a result of his ...

A former Minister of State for Defence, Senator Musiliu Obanikoro, his wife and children have recovered three properties worth about N500m from the Economic and Financial Crimes Commission. The properties include four terrace houses located at 44 Mamman Kotangora Crescent in the highbrow Katamkpe Extension area of Abuja; a parcel of land in Guzape District and a duplex at Olori ...

Governor Nyesom Wike on Sunday said the Rivers State Government will prosecute contractor of the collapsed 7-storey building and take steps to acquire the property. Reports given was that the 7-storey building located at Woji Road in the Government Reserved Area (GRA) of Port Harcourt collapsed on Friday evening. As at Sunday, 38 persons have been rescued, while six persons ...

Motorists plying Kabuga flyover have called on the Kano state government to come to their aid by repairing potholes on the flyover located in Gwale local government area of the state. It would be recalled that the flyover was constructed by the immediate past administration of the state, but about four years after commissioning, motorists have started battling with potholes ...