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Real Estate

Govt approves Umar Gonto as acting Federal Housing Authority boss

Umar Gonto

The Federal Housing Authority (FHA) has announced Umar Gonto as the new acting Managing Director/Chief. His appointment is following the expiration of the term of Prof. Mohammed Al-Amin-led management on May 6. An official from the Ministry of Power, Works and Housing, who pleaded anonymity, said Gonto was appointed to act in line with the Federal Government guidelines on succession ...

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Deaf students drag Oyo govt to court over seizure of 39-acre land

oyo

An Oyo State High Court sitting in Ibadan, the state capital, under the leadership of Justice Fadeyi on Tuesday summoned officials of the state government to appear before it on May 14, over a land property allegedly belonging to the Association of the Deaf in Ibadan. Newsmen recall that students of Christian Mission for the Deaf, Ibadan, had dragged the ...

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FEC okays N2.5bn for pipeline installation

Pipeline installation

A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5billion. The 30-kilometre pipeline installation project, which is operated by Shell and Seplant, has a dollar component of $32million. It is designed to transport dry gas through the corridors and has ...

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5 Rental Mistakes That Could Make You Lose Your Property

Rental Mistakes

Real estate rental investing seems so easy; passive income, property appreciation, tax benefits and more but people often makes some serious rental mistakes. The reality of life as a landlord isn’t so rosy. It’s hard work. It takes time, research and careful study to understand the business. It’s far easier to lose money on rental property than to make money. ...

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Nigerian Army set to construct Cantonment to be named after Buhari

Landed property

The Nigerian Army is planning to construct a Cantonment to be named after President Buhari – Some indigenous people of Abuja had accused Army of grabbing their land. The Army boss, Buratai, however, urged the aggrieved persons to seek redress in court Lieutenant General Tukur Buratai, the Chief of Army Staff (COAS), has said nothing would stop the Army from ...

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Man arraigned for alleged theft of aluminum windows

aluminium windows

The police on Tuesday, arraigned a 39-year-old man, Daniel Olalekan in a Badagry Chief Magistrates’ Court for allegedly stealing aluminium windows valued at N200,000. The Olalekan, whose address was not given is charged with theft. The prosecutor, ASP. Clement Okoimose, told the court that the defendant committed the offences on May 3, at about 5:30 p.m. at Police Housing Estate, ...

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Experts urge estate agents to leverage on technology

estate agents

Bothered by the disruptive impacts of technology on the built sector, practitioners especially, the Association of Estate Agents in Nigeria (AEAN) have been urged to embark on regular training and re-training of members on new innovations that would enhance their business. Technology roles on preconstruction, construction, and post-construction stages as well as real estate transactions had recently revolutionized the industry, ...

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Experts relay difficulties in creating mortgages

mortgages

From the N18 billion it has raised from the capital market between 2015 and 2019, the Nigerian Mortgage Refinance Company (NMRC) is said to have refinance mortgages originated by its 12-member primary mortgage banks PMBs and three commercial banks, leading to the creation of 900 mortgages. But it remains to be seen where those mortgages so created are being used ...

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