Real Estate

Last week Friday was fun as we conducted an opinion poll titled, “Would you take an opportunity to live as a tenant in Lekki over owning your house in Mushin.” Many people will no matter what want to own a house, anywhere. As long as it is ‘my house’, give it to me! We however have the ‘I would do ...

The Federal Mortgage Bank of Nigeria (FMBN) has disclosed that N1.4 billion have been expended for the development of 379 housing units in Niger State just as the Minister of State for Power, Works and Housing, Alhaji Mustapha Baba Shehuri, said the nation needs 17 million houses to meet up with the challenge of housing deficit. The minister, who stated ...

“INDIGENES of Anambra State residing in Kaduna have dragged the Anambra State government, the state Commissioner of Police and a private developer to court over the state government’s alleged revocation of over 200 plots of land allocated to them by the earstwhile governor of the state, Dr. Chinwoke Mbadinuju in 2000. Hundreds of members of the group, under the aegis ...

“The Lagos State Government has directed owners of properties who have been administered Land Use Charge Demand Notice not to pay for Tenement rate and ground rent in accordance with the law establishing the Land Use charge. This came as the state government said it has  extended the discount window for payment of Land Use Charge to April 14, 2017. ...

“The Lagos State Government wednesday approved 15 per cent discount for all owners of properties in the state, which would pay their land use charge between now and April 14.”- This Day The state government said it would inaugurate Ajah Flyover before May 29, revealing the plan to remove three more roundabouts in Lekki-Ajah corridor to ease vehicular movement. The ...

The Guardian reports that the Asset Management Corporation of Nigeria (AMCON) has taken possession of the properties of J.A Dama & Sons Limited, Warri, Delta State, over an alleged N240 million indebtedness. AMCON’s action was in execution of a court judgement by Justice Muslim Hassan of the Federal High Court, Lagos empowering the claimant to take possession of the properties. ...

According to Business Day, House of Representatives on Wednesday unveiled plans to investigate the N24 billion abandoned dredging and establishment of land ports at Idaho and Jamata areas of Kogi State. The resolution was passed following the adoption of the motion sponsored by Benjamin Okolo, who underscored the importance of the project to Nigerian economic development. He observed that the ...

The Nation reports that the Board of Directors of Afriland Properties Plc has recommended distribution of about 124.9 million ordinary shares of 50 kobo each to shareholders of the company as bonus shares for the immediate past business year. Shareholders in the book of the company as at the close of business on Tuesday, March 7, 2017 will receive one ...

The Niger Delta oil region has been asked by the presidency to instruct contractors to resume delayed development projects in 30 days  or face prosecution. Enca Africa reports that the government has been trying to build new roads and launch other projects to drag the region out of poverty and create jobs, aiming to give local people alternatives to joining ...

“Governor Rochas Okorocha of Imo state, yesterday, said his administration has given approval  for   “farm markets” to be established in the three senatorial zones of the state. Okorocha stated this through a release made available to newsmen in Owerri, by his Chief Press Secretary, Mr. Sam Onwuemeodo. Okorocha made this statement while interacting with a group of traditional rulers from ...