Real Estate

The Lagos Division of the Federal High Court on Monday has ordered the temporary forfeiture of two properties located in the Ikoyi area of Lagos State belonging to the immediate past senate president, Bukola Saraki, to the Federal Government. Mohammed Liman, the judge, who ordered the temporary forfeiture on Monday, also gave 14 days for anyone with an interest in ...

Estate surveyors and valuers have intensified the fight against quackery in the profession by working to establish mega practices. The Chairman, Estate Agency and Marketing Faculty of the Nigerian Institution of Estate Surveyors and Valuers, Mr Sam Eboigbe, said the society had become very sophisticated and the business of real estate was changing. He said it had become necessary for ...

The Abuja Concerned Facility Managers (ACFM) has called on the FCT Administration to address what it called the gross under-utilization of the Sharia Court building in Gwagwalada. Coordinator of the group, Malam Abdulrasheed Abubakar, stated this in a statement after taking inventories of government property in Gwagwalada Area Council.  He said the group has come to the conclusion that the ...

Indications have emerged that the Federal Government will ‘soon’ put up more public assets for sale. A source in the Bureau of Public Enterprises informed our correspondent on Friday that the Federal Government is about to commence the process for the privatisation of a fresh batch of government-owned properties and enterprises. According to the 2020-2022 Medium Term Expenditure Framework and ...

No fewer than 300 shops and goods worth millions of naira were on Saturday night destroyed by fire that engulfed Santana Market on Sapele Road in Benin, Edo State. Reports show that residents and owners of the shops could not salvage the situation due to the intensity of the fire. A resident around the market, Monday Ogbeide, said the fire ...

Although the Federal Government has been mouthing interests in its efforts to increase housing delivery in the country, actions linked to the central government has not shown any seriousness in the side of government. An estate developer, Mr. Chidi Ifeneme, who has practiced real estate in the US for 15 years said that no budgetary allocation to the sector would make ...

The Abia State Governor, Dr. Okezie Ikpeazu, has commissioned a gully erosion reclamation work and the 2.5km asphalted road and culvert at Umuogele Umuakwu Nsulu in Isialangwa North Local Government Area (LGA) of the state. Gov. Ikpeazu who arrived the community with his entourage after navigating through narrow graded roads leading to the community, directed the state Ministry of Works ...

Residents of Isheri North Government Reserved Area, also known as the Isheri North Residential Scheme, Lagos State, are currently lamenting the flooding of the area, located along the Lagos-Ibadan Expressway. The residents appealed to the state government to come to their aid, stating that since the flooding started in late August, many residents had been forced to leave their homes, ...

Total Group has said it will build a plastics recycling plant in Nigeria to convert waste to useful products as part of its Corporate Social Responsibility agenda. The oil major said it would set up a sustainable pilot plant to recycle 800 tons of polyethylene and polypropylene yearly from dumpsite in the country as a CSR project. The Executive General ...

Again, stakeholders comprising real estate developers, builders, engineers, estate surveyors, and town planners are mounting pressure on the National Assembly to expedite action on the outstanding housing bills before it. The housing bills are yet to be passed by the National Assembly since 20O4. They include the passage of Foreclosure Bill into law to legally resolve default issues in the ...