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4 Docked For Destroying Property Worth N3.5M


Four friends on Tuesday appeared in a Magistrates’ Court in Ikorodu, Lagos, for allegedly destroying property worth N3.5million. The police charged Oyenuga Wasiu, 52; Yekinni Fatai, 32; Oteniya Kazeem, 50; and Salau Olayinka, 39; whose addresses were not provided, with conspiracy, felony and wilful damage. The defendants, however, pleaded not guilty to the four-count charge. The Prosecution Counsel, Insp Adegeshin ...

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Ogun to complete five abandoned housing estates and allocate to residents

abandoned estate

 The State Commissioner for Housing, Jagunmolu Akande Omoniyi, made this known on Monday, while chatting with journalists in his office, Oke-Mosan, Abeokuta, the state capital.  Omoniyi said the abandoned estates located at Ayetoro, Ikenne, Ago- Iwoye, Ijebu-Igbo and Ota, had been built over the years, noting the housing estates would be given a face-lift to allow residents have access to ...

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22m Housing Deficit: FG, REDAN To Sign MoU On 774,000 Housing Units


After several consultations with relevant stakeholders in the built sector, the Real Estate Development Association (REDAN)), an umbrella body of all registered real estate developers in Nigeria, is set to sign a memorandum of understanding (MoU) with Family Homes Funds to build 100 housing units in each of the 774 local government in the country.  Family Homes Fund (FMF) is ...

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Oyo demands details as FG faults building approvals along highways


The Federal Government on Monday alleged that the Oyo State Government was granting approvals for the construction of buildings and mining activities on federal roads in the state. It said this had created a huge problem and slowed down the construction work being embarked upon by the Federal Government on the Ibadan-Ilorin Road, Section III (Oyo-Ogbomosho) project. The Director, Highways ...

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Sanwo-Olu flags off reconstruction of Ibeju Lekki-Epe highway


Phase II of project to start next year says Governor. Lagos State Governor, Mr. Babajide Sanwo-Olu, rolled out a major infrastructural overhaul in the Epe Division of the State, flagging off the reconstruction of Eti Osa-Lekki-Epe Expressway 40 years after. The Governor flagged off the first phase of the road project on Sunday at a ceremony held at the Pan ...

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Developers lament stalled housing projects in Abuja

housing projects

Property developers in the Federal Capital Territory, Abuja, have lamented that the COVID-19 locked down stalled their housing projects that would have been completed to boost the nation’s stock. One of the firms affected is Brains and Hammers, a real estate development company. The Project Director, Mr Muktari Musa revealed its projects, which were conceived as self-sustaining and affordable programmes, ...

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COVID-19 Presents Investment Opportunities In Real Estate

real estate

Despite the devastating impact of COVID-19 on all sectors of the economy, experts believe it is not over for real estate, even as they reel out silver linings for investment. Dayo Ayeyemi reports  To conservative individuals, this is not the best time for real estate investment due to COVID-19 crisis, which, within the space of five months, has partially eroded ...

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