Real Estate

The fight over the estate of late Nigerian music producer and singer, Babatunde Okungbowa otherwise known as OJB Jezreel seems to be getting messier. LIB reported that the late singer’s brother, Albert Okungbowa, has sued OJB’s first wife over the 5-bedroom property. The crisis which occurred last month revealed details of how the property located on Gbaja street, Surulere, Lagos ...

The Federal Government has made provision to deliver 3,500 housing units in the 2018 Budget estimates. Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, disclosed this when he declared open the 3rd national Real Estate Summit in Abuja recently. Fashola also said that the construction of over 2700 housing units began in 2017, would be delivered soon. The ...

Poised to empower young Nigerians in creating wealth and bridging the widening rate of unemployment, a real estate development company, Alpha Mead Development Company (AMDC), a subsidiary of Alpha Mead Group, has re-launched its youth empowerment programme in Lagos known as the 5Star Partners. The programme is a sales network initiated for real estate professionals, who are tired of doing ...

Mr Adeniyi Akinlusi, President, Mortgage Banking Association of Nigeria (MBAN), on Wednesday urged exploration of the potentials in the real estate sector to aid economic development and alleviate poverty. Akinlusi, who made the call in an interview with the News Agency of Nigeria (NAN) in Lagos, said that there were untapped resources in the real estate and construction industry. He ...

The Godfrey Okoye University, Enugu has appreciated Governor Ifeanyi Ugwuanyi of Enugu state for releasing funds for the construction of an access road to its permanent site. The authorities and students of the university, led by its vice chancellor, Prof. Christian Anieke, yesterday paid a “thank you” visit to the governor to express the appreciation. The governor had released the ...

Nigeria’s Dangote Group has signed a deal to commence the building of integrated sugar plants in six states in Nigeria. The Chairman of the group, who is also Africa’s richest man, Alhaji Aliko Dangote, made the announcement at a forum in Lagos to honour major distributors of Dangote Foods in Lagos on Thursday. He said that the plants, expected to ...

The Lagos State Government on Thursday warned that every building must obtain building permit before any structure can be erected in any part of the State. The government vowed that any defaulter shall be dealt with by shutting down their buildings. General Manager, Lagos State Building Control Agency, LASBCA, Engr. Olalekan Shodeinde gave the warning during the sensitisation campaign in ...

Total sum of N4.003 billion has been proposed for the rehabilitation and provision of additional security measures for the United Nations (UN) building located in Nigeria’s capital city, Abuja, in 2018. The proposed amount for the UN building was part of total sum of N40.297 billion proposed in the 2018 budget proposal presented to the House Committee on FCT, chaired ...

The Minister of Budget and National Planning, Senator Udo Udoma, has told the leadership of the National Assembly that since government alone cannot shoulder the provision of critical infrastructure and provide investment capital needed to drive the process, it has decided to not just partner with the private sector for investment funds, but also make the environment attractive to investors. ...

THE Federal Capital Territory Administration (FCTA), on Thursday, issued a three-week quit notice ultimatum to some personnel of the Nigeria Police Force, occupying one of its resettlement sites at Galuwyi Shere in Bwari Area Council of FCT, Abuja, to vacate the place with a view to allow contractors complete renovation of the work on schedule. The project, which sits on ...