Real Estate

Experts in the built environment have asked the federal government to give room for private sector to actualise its infrastructural development plan. They said Nigeria needs N115 Trillion to grow at six to seven per cent yearly exceeding its population growth of over 2.7 per cent. According to Mr. Emmanuel Obe, a real estate developer, government must provide the enabling ...

Committed to the effective and efficient dispensation of justice in Enugu State, Gov. Ifeanyi Ugwuanyi’s administration has approved the award of contracts for the construction of 14 new court buildings in the judicial divisions and magisterial districts across the state. The state government also awarded contracts for the rehabilitation of the access road leading to the dump site of the ...

Despite decamping to the All Progressives Congress, [APC], former presidential aide has lost – temporarily – a big hotel to the Economic and Financial Crimes Commission (EFCC). The anti-graft agency seized the hotel, allegedly worth “between N650 million and N1 billion”, from Mr. Ima Niboro, who was former President Goodluck Jonathan’s spokesman. EFCC also seized N500million in Maitama District, Abuja. ...

A Magistrate Court sitting in Otuocha, Anambra East has sentenced two middle-aged men to three years imprisonment for vandalizing facilities belonging to the Enugu Electricity Distribution Company, EEDC. The convicts Amaechi Joe and Ejike Chigozie were jailed by Chief Magistrate, Onunkwo, after they were arraigned by the police for vandalising the Ring Main Unit (RMU) handle of an Injection Substation ...

A Real Estate Investor, Mr. Godswill Adum, has called for the review of the Land Use Act to meet the current realities of the country. Adum, who spoke with our Reporter in Abuja recently, said the current Land Use Act is not favourable to Farmers who had laboured to plant economic trees. He said the compensation aspect of the act ...

Stakeholders have canvassed the need for private sectors at states level to invest in infrastructure, without necessarily depending on the government. At a one-day International Project Finance Association (IPFA) event titled ‘Private Investment in Infrastructure: The States as Enablers’, in Lagos during the weekend. Stakeholders said when that is done, it would serve as the nation’s fundamental facilities for development. ...

A security guard, Adewale Ibrahim, was on Monday brought before an Ogudu Magistrates’ Court in Lagos State for allegedly stealing his employer’s property. The security guard named Adewale, 36, of Kujore Street in Ojota, is facing a two-count charge of burglary and stealing. The prosecutor, Sgt. Lucky Ihiehie, told the court that the accused committed the offences on June 27, ...

The Nigeria Mortgage Refinance Company (NMRC) plans to seek approval from members by the end of the month to triple the size of its debt programme to N440 billion ($1.44 billion), the state-backed mortgage agency said on Monday. Nigeria set up a mortgage-backed guarantee company in 2014, partly with World Bank aid, in an effort to boost lending through the ...

Worried about the lack of access to affordable houses, Vice President Yemi Osibanjo, President of the Senate, Bukola Saraki, Speaker of the House of Representative, State Governors and the private sector, will soon converge on Abuja to brainstorm on how to tackle the housing deficit. Key players from the private sector and the Central Bank of Nigeria (CBN), will also ...

Ace comedian Ali Baba has joined the growing list of celebrities who have reacted to the tragic tanker explosion which happened on Thursday at the Otedola Bridge, Lagos end of the Lagos-Ibadan Expressway. However, unlike his counterparts who took to social media to express their sympathy and extend condolences to families of victims who lost their lives during the tragic ...