Real Estate

A major landslide has occurred in Odi, Kolokuma/Opokuma Local Government Area of Bayelsa State, destroying houses in the community. Community sources said the landslide, believed to have been caused by water erosion, occurred on Sunday and has thrown the community into mourning because of the houses and property that have been destroyed. Investigations revealed that the Chief Whip of the ...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has ordered the immediate suspension of work at the Abuja National Housing project in Gwagwalada, FCT. Fashola gave the order during the inspection of the ongoing Abuja Mass Housing project in Gwagwalada, on Monday. The Federal Capital Development Authority (FCDA) had written “Stop Work Inscriptions’’ on buildings at the construction ...

Mr. Ayuba Akere, Chairman, Nigerian Institute of Quantity Surveyors (NIQS) Lagos Chapter, has urged all tiers of government to engage the services of quantity surveyors in capital projects, housing and road constructions to minimise costs. Akere gave the advice in an interview in Lagos on Friday. According to him, quantity surveyors will help to monitor and evaluate the costs of ...

Officials of the Ogun State Ministry of Housing have allegedly demolished 40 houses in Regal Estate at the Magboro area of the State. The exercise came barely three weeks after a similar exercise was carried out by the state government in collaboration with the state Mission to Rebuild (MISTRO) agency in the area. The state government officials had on April ...

FBNQuest has seen the possibility of growing the real estate sector through bond investment. In a statement, it said infrastructure deficit has remained an impediment to the industrialisation and diversification of the economy. Infrastructure deficit, it added, has further complicated the ease of doing business in the country and is linked to inadequate public sector financing. “By its nature, infrastructure ...

The Jigawa State Universal Basic Education Board (SUBEB,) has opened bid for the various projects for schools in the state. The bids include; the construction of teachers’ quarters, renovation of classrooms, procurement of classroom furniture, construction of toilets and drilling of hand pumps across the state. Alhaji Wasilu Umar, the spokesman of the board, made this known in a statement ...

A Lagos High Court, sitting at Igbosere, Lagos State, has summoned a brother of the Ooni of Ife, Prince Tunji Ogunwusi, and his company, PrimeWaterview Holdings, over a housing scheme, which payments made by over 800 Nigerians remain unaccounted for. Also expected to appear before Justice K. O. Dawodu, on April 10, are the incumbent President of the Nigeria Association ...

The Lagos Chamber of Commerce and Industry (LCCI) has commended President Muhammadu Buhari for declining assent to National Housing Fund (NHF) Bill. The chamber said the bill would have caused more problems for citizens. Mr. Muda Yusuf, the Director-General of LCCI, gave the commendation on Friday in Lagos. President Buhari had on April 2, declined assent to the National Housing ...

Speaking at a summit in Kaduna, the president of Dangote Group said agriculture is the only way to end poverty in the north According to him, 60% of people in Northwest, Northeast Nigeria live in extreme poverty Alhaji Aliko Dangote, the president of Dangote Group, has called on the 19 northern state governors to invest more in the agricultural sector ...

Individuals and corporate bodies found guilty of tax evasion are to henceforth lose their properties to the Federal Government, the Chairman, Federal Inland Revenue Services (FIRS), Babatunde Fowler, has said. This was as he equally disclosed that the tax agency surpassed its target for 2018 by generating a total of N5.32 trillion. Fowler disclosed this on Tuesday at a roundtable ...