Real Estate

Family Homes Funds, Nigeria’s largest Social Housing Fund has signed a Memorandum of Understanding (MoU) with Africa’s premier Housing Finance Institution, Shelter Afrique towards building more affordable homes in Nigeria. The MoU signed in Abuja by the Managing Director/Chief Executive Officer of Family Homes Funds, Mr. Femi Adewole and Shelter Afrique’s Chief Executive Officer, Mr. Andrew Chimphondah provides a well-suited ...

A contractor, Gbenga Asonibare, lamented the alleged refusal of the Lagos State Government to pay over N196m owed his firm. Asonibare’s company, Efoba Construction, and Engineering Service cleared drainage channels and canals and constructed hydraulic structures to control flood in some parts of Lagos in the 1990s and early 2000s. However, he was not paid for the jobs, which were ...

Ekiti State Governor, Dr. Kayode Fayemi, has disbursed over N584 million as gratuities, car and housing loans to pensioners, civil servants, teachers and local government workers in the state. While distributing the cheques to the beneficiaries at a ceremony held at the Jibowu Hall, Government House, Ado Ekiti, the governor said the gesture was in fulfillment of his vow to ...

Governor of Bauchi State, Senator Bala Mohammed, has declared that he does not owe anybody any apology for allocating land to himself, friends, family members, and even party loyalists during his tenure as Minister of the Federal Capital Territory (FCT). Bala, who is reputed to have made one of the highest number of land allocations as Minister of the FCT, ...

Real estate entrepreneur’s fast track course is an almost free 2-day seminar set to impact knowledge and give valuable information to participants. The convener, Mr. Debo Adejana, MD/CEO of realty pointed limited(the sack your landlord brand) stated that his onus as a real estate enthusiast is to give value back to the sector. The first edition took place at 3, ...

The Federal Government has threatened to terminate the contract awarded to Messrs Munir Industries and Trade Limited for the construction of the Zing-Yakoko-Monkin federal road in Taraba State over the contractor’s alleged slow pace of work, continuous absence from the site and lack of commitment and capacity to execute the project.  The Federal Ministry of Works and Housing, in a ...

Following president Muhammadu Buhari’s approval of the sum of N10 billion Special Intervention Fund for immediate repairs and upgrade of the Akanu Ibiam International Airport, Enugu, the minister of Aviation, Sen Hadi Sirika, yesterday said the airport would be completed in six months time. According to Sirika, adequate provisions have been made to ensure that construction work at the airport ...

The Lagos State government has indicated that work is currently ongoing at the construction site of Ilubirin Foreshore housing scheme while also expressing eagerness to complete the first phase of the scheme within two years. This was the assertion of the Commissioner for Housing, Hon. Moruf Akinderu-Fatai at a meeting with the representatives of Messrs First Investment Property Company (FIDC). ...

Ogun State Governor, Prince Dapo Abiodun, has adopted the plan of the African Finance Corporation (AFC) to partner the state government on the reconstruction of the all-important Attan-Lusada-Agbara in the country’s biggest industrial hub located in Ado-Odo/Ota Local Government Area and Agbara-Igesa Local Council Development Area of the state. Abiodun also declared a state of emergency on flood-ravaged Isheri North ...

A Benin City High Court presided over by Justice D. I. Okungbowa, has restrained the Edo State Government and its agents from demolishing a hotel belonging to a chieftain of the All Progressives Congress (APC) in State, Tony Adun, otherwise known as Tony Kabaka. T. Latifah Hotel and Suites, located at the Ugbor axis of the State capital, is said ...