Real Estate

The US government has kicked off move to seize assets within its shores owned by former petroleum minister Alison Diezani-Madueke which were proceeds of shady contracts. According to the report, the US government filed a suit to recover $144 million in assets through its justice department’s kleptocracy asset recovery initiative. The suit filed on Friday, September 21 in Houston, Texas ...

Infrastructure developments have always taken the front burner as a yardstick for measuring the performances of all levels of government. In Niger state, how the administration of Governor Abubakar Sani Bello is reversing infrastructure decays as a means of development recently took the centre stage in the scrutiny of the administration’s scorecard as presented by the Commissioner for Works and ...

Stakeholders in the real estate industry have identified uncertainty over land titles as one of the major factors inhibiting the growth of the industry in the country. Other inhibitors, according to them, are regulatory bottlenecks, difficulties in obtaining permits and approvals, infrastructure deficit and funding constraints. The stakeholders spoke in Lagos at the 7th edition of the Real Estate Unite ...

JUSTICE Oluwatoyin Taiwo of an Ikeja High Court on Friday fixed October 5 to rule on a no case submission filed by a legal practitioner, Kole Bello who is standing trial for allegedly forging a Certificate of Occupancy (C of O) of landed property in Lekki. Bello who is standing trial alongside three others was expected to open his defence ...

The investment profile report by the Nigeria Investment Promotion Commission (NIPC) shows that Rivers state received the largest investment in the first half of 2018. According to the report, a total of $45.74 billion was invested for 42 projects in nine states and the Federal Capital Territory (FCT). The sectoral analysis of the investment profile showed that mining and quarrying ...

Gov. Akinwunmi Ambode of Lagos State has directed the state Public Works Corporation to fix potholes on major and inner roads across the state within the next four weeks. The Commissioner for Works and Infrastructure, Mr. Ade Akinsanya, said this on Friday, during an inspection of the ongoing Pen Cinema bridge in Agege area of the state. Akinsanya said the ...

Owning a home with no property insurance can be likened a bit to driving a car without a seat belt in place. An accident could happen anytime. For most Nigerians, acquiring (or building home) is probably the biggest investment they will ever make. Becoming a landlord is the ultimate Nigerian dream. Everyone wants a piece of property to rightfully call ...

The Federal Government yesterday unveiled its plans to upgrade and maintain all the Housing Estates across the country. Under this programme, which is tagged: “Intervention of Urban Renewal”, all the housing estates built by the federal government and private individuals would be captured. To kick off the programme, which is supervised by the Federal Housing Authority (FHA), the Minister of ...

The Nigeria Labour Congress says Nigeria will need $3 trillion in the next 26 years to bridge the infrastructural gap in country. Ayuba Wabba, NLC president, said this at the Infrastructural Summit of the 40th Anniversary of the National Union of Civil Engineering Construct, Furniture and Wood Workers on Thursday in Abuja. The theme of the anniversary is: “Role of ...

About a week before the National Bureau of Statistics (NBS) released second quarter 2018 Gross Domestic Product (GDP) data, the Statistician-General of the bureau, Dr. Yemi Kale, had hinted that the numbers would fall short of expectations. He reportedly stated that apart from the political and economic uncertainty over the general elections in 2019, what is contributing mainly to slow ...