Real Estate

The Federal Mortgage Bank of Nigeria (FMBN) plans to recapitalise to the tune of N500 billion, its Managing Director, Ahmed Dangiwa, has said. Dangiwa, who spoke with State House correspondents after a closed-door meeting with Vice President, Yemi Osinbajo, at the Presidential Villa, said the recapitalisation would boost service delivery. He said: “We came to see the vice president as ...

The National Broadcasting Commission (NBC) slammed Oyo State government over the demolition of a property belonging to a musician, Yinka Ayefele. The Music House, where Fresh FM in Ibadan was transmitting from, was demolished on Sunday morning. The Director-General of NBC, Ishaq Modibbo-Kawu, Wednesday bemoaned the act by Oyo State government as a worrisome development capable of having negative effects ...

President Muhammadu Buhari on Sunday sympathised with the victims of Jos Terminus Market where more than 200 shops were destroyed by fire. Buhari expressed his feelings in a statement issued by Malam Garba Shehu, his Senior Special Assistant on Media and Publicity, in Abuja on Sunday. Reports show that properties worth millions of naira, were on Saturday morning destroyed in ...

The Edo State Governor, Mr. Godwin Obaseki, has assured prospective owners of housing units in the Emotan Gardens, the state government-backed 1800-unit housing project, of adequate security and ease in acquiring titles. The Emotan Gardens is an affordable 1800-unit housing project being developed by the Edo Development and Property Agency (EDPA), through a joint venture partnership with real estate firm, ...

Delta State Government has finally certified the ongoing controversial N736.4-million Ikpide-Irri riverine community road project, awarded to Portplus Limited, in Isoko South Local Government Area of the State, as substandard. Concerned indigenes of the Ikpide-Irri community and a pan-Isoko group, Isoko Monitoring Group (IMG), had petitioned Governor Ifeanyi Okowa over the usage of substandard materials in the execution of the ...

A 68-year-old Estate Agent, Samuel Adewunmi, was on Friday docked before an Igbosere Magistrate’s Court in Lagos over alleged forgery of certificate of occupancy of a church property Adewunmi was also accused of selling a landed property valued at N250 million, belonging to the Cherubim and Seraphim Sacred Mount Zion Church. The accused is facing a four-count charge bordering on ...

Despite an order of the High Court of the Federal Capital Territory (FCT) restraining officials of the Federal Capital Development Authority (FCDA) from invading the property of a firm, Obike Industry Limited, some officials of the FCDA yesterday, moved in with their bulldozers and demolished parts of the property. Obike Industry Limited are owners and operators of the garden known ...

C of O – Mr. Rotimi Adeniyi has recently stopped using the mirror because his reflection scares him – hollow eyes, wrinkled face and all the external signs of ageing. The mirror reminds him of how gray he has gone and it worries him. In another year, Adeniyi will be 60 years old and also bid farewell to his life ...

The Nigerian Society of Engineers, NSE, Enugu State chapter has commended Governor Ifeanyi Ugwuanyi for reconstructing and modernizing the historic Milliken Hill federal road in Ngwo, Enugu North Local Government Area, after so many years of neglect. NSE also applauded the governor for his quick response in the ongoing construction of more massive concrete retaining walls on the erosion-prone areas ...

The Nigeria Erosion and Watershed Management Project (NEWMAP) in Kano state on Tuesday revealed that it has already embarked on rehabilitation of 300 hectares of degraded land across 12 frontline local governments that were been identified by the project as the most prone to erosion and desert encroachment in the state. Addressing newsmen after an inspection visit to the affected ...