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FG approves another N100bn Sukuk for road construction, infrastructure


The federal government has announced approval for the issuance of another tranche of N100 billion Sukuk bond for the construction of roads in Nigeria. This was disclosed at a Two-Day Training on Sukuk Structurisation and Management yesterday in Abuja, organised by the Metropolitan Skills Ltd in collaboration with the Federal Ministry of Finance, and Standing Committee for Economic and Commercial ...

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FCT Minister Solicits Housing Loans For FCTA Staff

FCTA staff

Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, has solicited for housing loans for Federal Capital Territory Administration staff (FCTA staff). Speaking during a courtesy visit to the executive secretary of the Federal Government Staff housing loans Board, Dr. (Mrs.) Hannatu Adamu Fika Bello reiterated his concern and commitment to the welfare of staff of the administration. ...

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Contractors stall infrastructural development by abandoning site projects

site projects

Contractors handling various site projects in the Federal Capital Territory, Abuja, have abandoned the sites, stalling infrastructural development in the nation’s capital. Investigation showed that works had stopped on the major road linking Area One roundabout to Galadima roundabout with motorists facing serious traffic gridlock at the junction in the mornings and evenings. Checks also indicated that works on the ...

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Federal Mortgage Bank commences Construction Of 100 Houses In Nasarawa


LAFIA – The Federal Mortgage Bank on Wednesday started the construction of 100 Housing units in Nasarawa State as part of effort to alleviate the plight of Federal Government workers in the country. Delivery a speech during the flag-off ceremony at Kwamdere in Lafia Local Government Area of the state, the managing director/chief executive officer of the bank, Ahmed Dangiwa, ...

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Man arraigned over alleged receipt of stolen property worth N54,000

stolen property

An 18-year-old man, Safullahi Hassan, was on Tuesday arraigned in a Karshi Grade 1 Area Court, Abuja, over alleged receipt of stolen property worth N54,000. The defendant, a resident of Nyanya Pantaker, Nyanya, Abuja, is facing a charge of dishonestly receiving and purchasing stolen property, an offence he denied committing. The prosecutor, Mahmud Lawal, told the court that the defendant ...

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FG set to harmonise quality of building materials

building materials

The federal government has joined forces with stakeholders in the construction, research, standardisation and building materials sector to harmonise the quality of building materials in order to avert incidences of building collapse. The minister of power, works & housing, Babatunde Raji Fashola, stated this in Abuja yesterday at the 6th national housing summit, organised by Nigerian Institution of Estate Surveyors ...

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Man arraigned for destroying property worth N511,500


The Police on Monday arraigned a 42-year-old man, Adams Dokse, in a Karu Magistrates’ Court, Abuja, for destroying property worth N511,500. Dokse was arraigned on a two-count charge bordering on trespass and mischief, offences he denied committing. The prosecutor, Vincent Osuji, told the court that one Robert Ach-Ugbede of Supreme Court Quarters, Karu, Abuja, reported the matter at the Karu ...

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FMBN disburses N14.7bn housing renovation loan to beneficiaries


The Federal Mortgage Bank of Nigeria (FMBN) on Monday disclosed that it had disbursed the sum of N14.7bn to 17,062 beneficiaries across the country in the last two years under various loan windows. The Executive Director, Business Development and Portfolio Management, FMBN, Umar Abdullahi, confirmed this during the presentation of cheques to staff members of the Federal Medical Centre, Birnin-Kebbi, ...

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Chief justice of Nigeria discusses recovery strategy for AMCON N5.4 trillion debts


The Chief Justice of Nigeria, Walter Onnoghen, and the President of the Court of Appeal, Zainab Bulkachuwa, said the Asset Management Corporation of Nigeria (AMCON) can leverage the alternative dispute resolution (ADR) infrastructure in courts in its debt recovery mandate. The two justices’ spoke on Monday in Abuja at the interactive session between Justices of Supreme Court; Court of Appeal, ...

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