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Real Estate

Nigerian Army set to construct Cantonment to be named after Buhari

Landed property

The Nigerian Army is planning to construct a Cantonment to be named after President Buhari – Some indigenous people of Abuja had accused Army of grabbing their land. The Army boss, Buratai, however, urged the aggrieved persons to seek redress in court Lieutenant General Tukur Buratai, the Chief of Army Staff (COAS), has said nothing would stop the Army from ...

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Man arraigned for alleged theft of aluminum windows

aluminium windows

The police on Tuesday, arraigned a 39-year-old man, Daniel Olalekan in a Badagry Chief Magistrates’ Court for allegedly stealing aluminium windows valued at N200,000. The Olalekan, whose address was not given is charged with theft. The prosecutor, ASP. Clement Okoimose, told the court that the defendant committed the offences on May 3, at about 5:30 p.m. at Police Housing Estate, ...

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Experts urge estate agents to leverage on technology

estate agents

Bothered by the disruptive impacts of technology on the built sector, practitioners especially, the Association of Estate Agents in Nigeria (AEAN) have been urged to embark on regular training and re-training of members on new innovations that would enhance their business. Technology roles on preconstruction, construction, and post-construction stages as well as real estate transactions had recently revolutionized the industry, ...

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Experts relay difficulties in creating mortgages

mortgages

From the N18 billion it has raised from the capital market between 2015 and 2019, the Nigerian Mortgage Refinance Company (NMRC) is said to have refinance mortgages originated by its 12-member primary mortgage banks PMBs and three commercial banks, leading to the creation of 900 mortgages. But it remains to be seen where those mortgages so created are being used ...

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Fashola provides details of corrupt contractors – SERAP

SERAP

The Minister of Power, Works and Housing, Babatunde Fashola, has forwarded to the Socio-Economic Rights and Accountability Project (SERAP), names of contractors who allegedly failed to execute projects they collected funds for. SERAP Deputy Director Kolawole Oluwadare confirmed this in a statement yesterday. He quoted Fashola’s letter thus: “Pow Technologies Limited, an Abuja-based company, was in 2014 awarded a contract ...

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Housing shortages may worsen as Nigeria’s population hits 201m

real estate

The explosive increase in Nigerian’s population against the non- commensurate increase in housing provision is worsening the already poor standard of living of the greater population. The above is the summation of Mr. Patrick Obi Ekwemozo, a textile dealer in Lagos. Ekwemozor, a starter in the real estate business who has been following the housing problems in the country said, ...

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Teenager docked for allegedly stealing RCCG property

aluminium windows

Badagry – Bamidele Victor,18, was on Thursday docked at a Badagry Chief Magistrates’ Court in Lagos State for allegedly stealing property of the Redeemed Christian Church of God (RCCG). Victor, of no fixed address, is standing trial for stealing. The Prosecutor, Sgt. Ayodele Adeosun told the court that the defendant committed the offence at 8.40 a.m. on April 10, at ...

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Agidingbi residents storm Alausa to protest take over of property threats

Agidingbi

Dozens of community leaders, landlords, and residents of the Agidingbi area of Lagos Thursday staged a peaceful protest to the Lagos State House of Assembly against a court ruling giving them seven days to vacate their properties. The protesters, which included youth, women, and elderly people, chanted songs in Yoruba as they marched towards the Assembly complex. Their placards bore ...

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