Real Estate

In our second instalment of the five aside series, we decided to interview one of Nigeria’s most charismatic experts and real estate mogul. From his roots in banking and engineering, Debo Adejana has dominated Nigerian real estate for 15 years. We at Waka Post wanted to know more about him and what has driven his longevity. Question 1 (Who is ...

The management of Federal Mortgage Bank of Nigeria (FMBN), has decried the low capital base of the bank which it says has grossly affected the bank’s performance. The Managing Director of the bank, Mr. Ahmed Dangiwa, who said this during the two-day 2019 Board and Management strategy development retreat of the bank held, in Uyo, Akwa Ibom state, also disclosed ...

Over three hundred residents/families of Victory Park Estate sitting on about thirty-three Hectares of land located in Osapa London along Lekki-Epe Expressway have raised the alarm over move by the Asset Management Corporation of Nigeria (AMCON to forcefully evict them from their properties. Speaking with journalists on behalf of the residents in Lagos, Mr. Benjamin Atebe, a lawyer, urged the ...

The police have arrested a real estate developer, Alabi Idowu, for allegedly defrauding over 200 intending tenants in a newly-constructed building at No. 1 Karimu Street, off Oyebanjo Street, Alapere, Ketu, Lagos State. Report gathered that the developer allegedly also posed as the landlord of the building to defraud the prospective tenants to the tune of N50m. The developer, while ...

The Chairman of the Committee on Recovery of Missing Government Movable Property in Imo State, Chief Jasper Ndubuaku, has disclosed that officials of the administration of former Governor Rochas Okorocha left with the state government’s property worth N50bn. The state governor, Chief Emeka Ihedioha, set up the committee shortly after he was sworn in. Addressing journalists in Owerri, the state ...

Residents of Olunlade Area in Ilorin on Thursday lamented the havoc wrecked by flood on their property as buildings, cars, and shops were destroyed after heavy rainfall. It was reported that the area experienced downpour around 4:00 p.m. on Wednesday and it lasted for about three hours. Some of the victims, who spoke separately with newsmen expressed sadness over the ...

The Lagos State Emergency Management Agency has said that a three storey building at Iju area of the state collapsed. Dr. Olufemi Oke-Osanyintolu, the newly appointed General Manager of LASEMA confirmed the news to journalists. He said, “This is just to inform you that a three-story building collapsed at K Farm, Fagba, Off Iju Road. “It was a building under ...

The Lagos State Government has announced the closure of Akanni Doherty Street, Ashade, from June 28 to June 30, 2019. The state government said this was due to preparation for the ongoing Nigerian Railway Modernisation Project. In a statement on Tuesday signed by the Permanent Secretary, Ministry of Transportation, Dr. Taiwo Salaam, the state government explained that the closure was ...

The panel set up by the Governing Council of the University of Lagos (UNILAG), Akoka, to probe what led to the partial collapse of the institution’s seven-story library under construction, has submitted its report. The 40-page report has recommended termination of the contract with the contractor – Dutum Company Limited (DCL). It also recommended that seven key actors in the transactions who ...

Non-Governmental Organisation, NGO, Mohak Foundation has commenced school and housing projects meant to accommodate the 13.2 million out-of-school children in Nigeria. Hoping to contribute its quota in nation building, the foundation resolved to construct 48 blocks of classrooms for nursery, primary and secondary pupils/students, hostels for male and female students with recreational/religious centres and halls for youth hub. These were ...