Real Estate

“Two Turkish construction workers were abducted from their hotel rooms in Nigeria’s oil-rich Akwa Ibom state on Sunday, according to a police spokesman Tuesday. Police officer Chukwu Okechukwu told the country’s official news agency, NAN, the workers were abducted from Eket, an oil-rich town that is dozens of kilometers (miles) away from the Akwa Ibom capital city, Uyo. “The state ...

“Thugs suspected to be agents of an Anambra-born business mogul (names withheld), have been fingered in the wanton destruction of the property belonging to an Onitsha –based company, Bontus Oil and Gas Ltd. Bontus Oil and Gas is currently working out an arrangement with Dangote Group to be its main agent in Onitsha and its environs.”- Vanguard Officials of Dangote Group ...

“For many who have seen Osun as a state where cheap or almost free land is easily available in the urban centers, they may need to have a rethink, as check around various areas in the state reveals the value of land has increased to around 1000% and 2000% in some cases in the past few years.” – Vanguard In ...

According to Business Day, the Pison Housing Company has launched the Roland Igbinoba House Price Index (RI), a statistic designed to capture changes in the movement of residential property prices in major cities in Nigeria. Kehinde Ogundimu, executive director/chief financial officer, Nigeria Mortgage Refinance Company (NMRC), told participants yesterday at the launch of the RI in the main auditorium of ...

” “Daniel Aya, a resident of Otodo Gbame, a riverine community in the Lekki area of Lagos state, was allegedly shot dead during a demolition exercise by men of the state’s task force on Sunday.” According to the Justice and Empowerment Initiatives (JEI), a non-governmental organisation, a stray bullet hit Aya, who was rushed out of the scene, but died ...

“To ensure quality service delivery by professionals in the built environment, builders have been challenged to inculcate best practices on their clients, and ensure sound house keeping records to avoid hazards on projects. Participants at a two-day workshop on Mandatory Continuous Professional Development Programme organized by Nigerian Institute of Building (NIOB gave the advice in a communiqué on the theme: ...

The Guardian reports that a Lagos group, Concerned Citizens Forum, has given a fresh insight into the state’s new environmental law, describing it as not only draconian, unprogressive and anti-people but designed to mortgage it to foreign interests. In a statement issued in Lagos and signed by its convener, Michael Olayiwola, the group called on the State Government to immediately ...

“The Olubadan of Ibadanland, Oba Saliu Akanmu Adetunji, Aje Ogungunniso 1, has declared land and boundary disputes as the most pressing challenge he is facing as a monarch. He went on ahead to warn land grabbers. The first class monarch, who received the Prof. TaoheedAdedoja-led Olubadan Advisory Committee at his Popoyemoja, Ibadan palace over the weekend warned land grabbers to ...

Business Day reports that Nigerian Shippers’ Council, NSC, has secured 50,000 hectares of land at Obollo Afor, Udenu Local Government Area of Enugu State to build multi-million truck transit park. Executive Secretary, NSC, Hassan Bello, represented by Ignatius Nweke, a director in Enugu Zone, who disclosed this in Enugu at the on going Enugu Trade Fair said that the  Enugu ...

“Rattled by reports that the United Kingdom was planning to lift the lid on owners of property in that country, Nigerians, especially politically exposed persons, who own property in the UK  have begun moves to dispose of the property.”- Leadership LEADERSHIP gathered that, following the revelation last week of efforts being made to expose them, many of Nigeria’s elite, including ...