Real Estate

An FCT High Court, Maitama has granted an order of interim forfeiture of 29 properties in different locations in Abuja said to be worth about N8.8billion. The Independent and Corrupt Practices and Other Related Commission (ICPC), had applied for the interim forfeiture of the properties through an ex-parte motion. Twenty seven respondents were listed on the motion including Shehu Yaradua ...

After concluding the reclamation of some abandoned properties at the BDPA Housing Estate in Ugbowo, the Edo Development and Property Agency (EDPA) has set modalities for the sale of the properties to interested persons. The Executive Chairman of EDPA, Isoken Omo, in a statement, said the buildings were discovered during the recertification exercise, after which the ownerships of the properties ...

The Nigerian Ports Authority (NPA), has urged the federal ministry of Power, Works and Housing to hand over the uncompleted Tin-Can Island Trailer park to the authority for completion. This plea was made by the managing director of NPA, Hadiza Bala-Usman when she appeared as a guest on Logos Talk FM, 96.1FM in Lagos recently. This was even as truck ...

High cost of securing and registering secure land title; inadequate access to finance, slow administrative procedures, and high cost of land, have been identified as the major factors affecting housing development in the country. President of Real Estate Developers Association of Nigeria (REDAN), Rev. Ugochukwu Chime who stated this in Enugu, said the association was collaborating with other critical stakeholders ...

The Ondo State Government on Thursday flagged off the Ugbonla Solar Mini-grid Power Project in Ilaje Local Government Area, under the Phase 1 of the Ondo State Electricity Improvement and Access Scheme. Mr. Tunji Ariyomo, the Special Adviser to the Governor on Public Utilities, said at the ceremony that construction of the hybrid solar mini-grid power plant was aimed at ...

No fewer than seven persons lost their lives in a road crash involving a truck with registration number BSA 214 XA and a Toyota Hiace bus with registration number BSA 453 XJ at Hawan Kibo on the Hawan–Kibo–Jos road in Riyom local government area of Plateau State. The truck belongs to Dangote company while the bus was from God’s Time ...

An investment banker, Prof. Charles Inyangete has advised the federal government to subsidise mortgage financing in order to enable Nigerians have access to affordable housing as well as bridge the current housing deficit. He said this became necessary given that the current environment does not support single digit interest rate. Speaking in an interview at the recent FM Forum 2019, ...

The Senate on Thursday concurred to the House of Representatives Bill on Recovery of Public Property (Special Provisions)(Repeal) Bill, 2019. This followed the presentation of the bill by Senate Leader, Senator Ahmad Lawan at plenary. The bill seeks to review provisions for investigation of assets of any public officer alleged to have been engaged in corrupt practices, unjust enrichment of ...

The National Industrial Court on Monday fixed July 1 to hear a suit filed by a staff of the China Civil Engineering Construction Corporation Ltd. (CCECC), Godspower Ntaka, for N100 million in damages. The payment for damages is for emotional trauma, psychological anxiety, mental stress, arising from his ordeal at the hands of armed robbers during official duty. Justice Olufunke ...

President Muhammadu Buhari on Monday met behind closed doors with the South-South Monarchs Forum decrying the destruction of oil facilities in the zone. According to a statement by the Special Adviser on Media and Publicity, Femi Adesina, the President said that the destruction of oil facilities by vandals was hurting the host communities, the majority of the people and the ...