Real Estate

A Lagos Division of the Federal High Court Tuesday approved the forfeiture to the Nigerian government of a plot of land in Port Harcourt, Rivers State. The land allegedly belongs to the former petroleum minister, Diezani Alison-Madueke. Chuka Obiozor, the judge, gave the decision following an application by the Economic and Financial Crimes Commission (EFCC). According to the EFCC, the ...

The Lagos State Government on Tuesday said that due process was followed in the acquisition of 4.882 hectares of land in dispute, located at Bameke, Shasha, in the Alimosho Local Government Area of the state. The News Agency of Nigeria reports that the land is the subject of a suit filed by some members of the Akinlowo Olaife family of ...

The Competition Transition Charge (CTC) is a new rule to make prospective Eligible Customers (EC) and other consumer class, compensate the 11 electricity Distribution Companies (DisCos) for leaving their networks to buy power directly from Generation Companies (GenCos). Newsmen analysed this rule as contained in Section 28 of the Electric Power Sector Reform Act (EPSRA) 2005 and enforceable by the ...

Plans to increase the housing stock have received a boost in Edo State as the government moves to develop a 369-unit estate in Ekpoma, Esan West Local Government Area. The Executive Chairman, Edo Development and Property Agency (EDPA), Isoken Omo, who disclosed this in Benin City, the state capital, said the agency is spearheading the development of the project. Omo ...

The Lagos State Government said on Monday that 10 victims of the July 4 Ijegun pipeline explosion have died due to severe and high degree burns suffered from the inferno. The Permanent Secretary, state Ministry of Health, Dr. Titilayo Goncalves, made this known on Monday in Lagos. Goncalves said that three of the victims died at the Lagos State University ...

The latest data from Nigeria’s National Bureau of Statistics showed that the real estate service sector swung back to positive growth and expected to perform better this year. Senior officials of Global Property Partners (GPP) are also upbeat about Nigerian commercial property sector, despite some analysts’ expectation that the market will remain sluggish. They believe that the current economic climate ...

The Federal Government’s special housing intervention programme, Family Homes Funds, is set to inaugurate an affordable housing project in Asaba, Delta State. The estate, developed by the FHF in partnership with Delta State Government, is made up of 650 housing units for low-income earners and will be inaugurated by the Vice- President, Prof Yemi Osinbajo, alongside the Managing Director of ...

The Board of Directors of Federal Mortgage Bank of Nigeria (FMBN) has engaged KPMG, a leading management consulting and business improvement firm, to provide top-level corporate advisory services for the bank. The MD/CEO of the FMBN, Arc. Ahmed M. Dangiwa revealed the development during the 2019 management and board Annual Retreat, which held recently in Uyo, Akwa Ibom. The move, ...

President Muhammadu Buhari has solicited the support of the Islamic Development Bank to address Nigeria’s infrastructure deficit. The President’s spokesman, Femi Adesina, said this in a statement. Adesina said the President made the call during a bilateral meeting with Dr. Mansur Muhtar, Vice President, Islamic Development Bank on the margins of the AU Summit in Niamey, Niger Republic. According to ...

Ganduje disclosed this on Saturday when he paid a condolence visit to the Emir of Kano, Alhaji Tafida Abubakar, over the death of his son, Alhaji Aliyu Tafida. The governor assured that all the hospitals would be equipped with the state-of-the-art equipment to cater for all the medical needs of the emirates. According to him, such hospitals would take away ...