Real Estate

In simple terms, a mortgage is a legal agreement that allows you to borrow money from a bank or building society, at a specified interest rate, in order to buy/build a house. The concept of mortgage in Nigeria is pretty straightforward. It is a loan in which a property (whether land or building) is used as collateral. The borrower enters ...

More evidence that architectural companies are embracing design and build concepts are emerging, following the lull in the construction activity. The move is triggered by declining new projects coupled with escalating construction cost that has forced individual builders to vacate sites. Design-build is a project delivery system used in the architectural companies. It is a method to deliver a project ...

The Secretary of Government of the Federation (SGF), Mr. Boss Gida Mustapha, has said the Federal Government will soon make dossier of persons with significant control over incorporated companies available to the public in order to stop secret ownership of companies and property in the country. Mr. Mustapha who disclosed this in Abuja, yesterday, during the opening ceremony of the ...

By virtue of rule 7(3) of the Rules of Professional Conduct, the business of selling land is a trade or business incompatible with the practice of law. They disclosed that any lawyer caught in such act will be thoroughly dealt with. They sighted the example of the case of NBA v Ibebunjo (2013) 18 NWLR (Pt.1386). In this case, the ...

Risikat Adeniyi Adegeye, wife of music legend, King Sunny Ade, is currently entangled in a legal battle over an alleged N45.4 million debts due on a loan facility advanced to her by Sterling Bank in 2008. She is in court to challenge an order granted to the Asset Management Company of Nigeria (AMCON) to take temporary possession of the property ...

As traders of Elele Alimini Market, Emohua local government area of Rivers State are now counting their losses over the fire incident that destroyed goods worth millions of Naira in the market, stakeholders in the Clan have called for the establishment of a firefighting station to serve the villages. Speaking to Journalists at the scene of the incident, Maharaj Augustine ...

At least six people including four police cadets have been killed in a ghastly motor accident on Kano-Kaduna Expressway on Sunday. Confirming the incident in Zaria, Kaduna State, the Unit Commander, Federal Road Safety Corps (FRSC), Zaria, Muktar Zubairu, described the incident as unfortunate and pathetic. He said the accident involved two vehicles; a J5 bus with registration number: KMC ...

The Minister of Power, Works and Housing, Babatunde Raji Fashola (SAN) has said that the President Muhammadu Buhari administration cannot fold its hands and watch the Niger Bridge, which was built in the 1950s, to collapse. Fashola stated this while inspecting ongoing repairs and maintenance works on the Niger Bridge, adding that the Federal Government was mindful of the fact ...

To check the dearth of skilled artisans, the government should establish vocational and technical schools . This was the thoughts of experts at the public exhibition of furniture and real estate accessories, organised by IO Furniture to mark the May Day in Lagos. At the event attended by government agencies , real estate developers and allied professionals, experts lamented the ...

Babatunde Ruwase, president of the Lagos Chamber of Commerce and Industry (LCCI), has advised firms to look beyond the limitations created by the present economic situation and see opportunities for growth and inventions. Ruwase stated this during the induction of 105 new companies in Lagos last Wednesday, with a promise to provide the needed platforms for them to grow. The ...