Real Estate

No fewer than five persons have been reportedly killed in a fresh communal clash between Igala, and Bassa Kwomu speaking tribe in Kogi State. It was gathered that over 50 houses were raised at Aloko-Oguma in Bassa Local Government Area following a communal clash that engulfed the community on Friday morning. Sources have it that the crisis erupted following a ...

Youths in Ikot Abasi Local Government Area, under the auspices of Edemeya Supreme Leaders’ Coalition (ESLC), has urged their kinsman and Managing Director, Niger Delta Development Commission (NDDC), Mr. Nsima Ekere, to shelve his purported governorship ambition in 2019. This view was contained in a statement issued, Tuesday, by the Director of Publicity and Strategy of the group, Akparawa Abraham ...

The Igbo-Efon community in Eti-Osa Local Government Area of Lagos State has issued quit notice to those occupying their lands illegally and advised them to meet with the family representatives to legalise their ownership of such land or be ready to vacate the property. It would be recalled that the community right to Igbo-Efon land was confirmed in a landmark ...

The 45-kilometre long Abuja Light Rail is ready for operation but minor construction problems at the new terminal of the Nnamdi Azikiwe International Airport (NAIA) which is delaying the takeoff of the rail system, Daily Trust learnt. This is even as prospective investors have started scrambling for available land opportunities to set up residential and commercial properties at some of ...

With the dearth of decent and affordable accommodation biting harder among Nigerians coupled with the attendant escalating cost of rents, the Chief of Naval Staff, Vice Admiral Ibok-Ete Ekwe Ibas, recently said that only 30 per cent of the officers, representing 6,000 personnel have permanent accommodation. Ibas, who spoke during the commissioning of the Nigerian Navy Officers Quarters at Kubwa, ...

The Federal Road Safety Corps (FRSC) says 456 people died and 3404 others were injured in 826 accidents recorded nationwide in January. The FRSC stated this in its CCC report for January signed by its Corps Marshal, Boboye Oyeyemi. According to the report, the January accident figure represents a 4-per cent decrease compared with the previous month of December 2017, ...

Lagos State Governor, Mr. Akinwunmi Ambode Thursday promised to deliver the reconstruction of Oshodi-Airport road and Oshodi transport interchange by December this year, citing their strategic significance to traffic management in the state. The governor equally pledged to compensate all stakeholders, whose buildings were affected during the reconstruction of Oshodi-Airport road, noting that the state government would pay property owners ...

Ikeja – Following his acquittal of fraud charges, a businessman, Mr. Alex Ikpeme, has asked the Economic and Financial Crimes Commission (EFCC) to unfreeze his bank accounts and release his seized property. Ikpeme acquitted of a six-count charge bordering on stealing and making false statements to officials of the EFCC. The News Agency of Nigeria (NAN) reports that the judgment ...

The Federal High Court, Abuja, on Thursday, fixed April 30 to rule on an application, seeking the forfeiture of two properties belonging to Patience Jonathan, wife of former President Goodluck Jonathan to the Federal Government. The Economic and Financial Crimes Commission (EFCC), on Oct. 20, 2017, filed an ex parte application praying the court for an order of interim forfeiture ...

About N224.30 billion of pension funds representing about 2.89 per cent of pension assets has been invested in the real estate sector of the economy going by statements from the National Pension Commission (PenCom). PenCom’s decision followed pressures from stakeholders urging the regulator not to allow pension funds to be lying idle in the vault but to allow Pension Fund ...