Tag Archives: Banana island

Toke Makinwa, a media personality, has come out to speak on the rumour that her mansion in Banana Island, Lagos, was taken over by the Asset Management Company of Nigeria (AMCON). On July 2, the AMCON had seized assets belonging to Festus Fadeyi and the Pan Ocean Group. It said that they were holding on to debt of over N240 billion. On ...

A child never forgets anything. Remi Adeleke, a US Navy SEAL, now 36 years old, goes down memory lane. He is one of the two sons of Adebayo Adeleke, the architect and engineer who was the original owner of Banana Island, Nigeria’s most expensive real estate. He remembers how the island was taken from his father and how the father ...

Do you need to rent a 3-bedroom apartment and you don’t know the price range for different areas? This article is your best bet. It’s a known fact that apartments are valued based on the location, area and easy access to the city. That’s why we decided to carry out an anecdotal survey to guide people who are searching for ...

For a realtor or an individual who wants to venture into property investment, you need to take cognisance of the location. Location is a very crucial aspect of a property investment one needs to do feasibility studies on before venturing into it. Hence, we decided to do a survey in other to hear people’s opinion(s) about locations that interest them ...

“Luxury commercial real estate and hospitality company, Sujimoto Construction; has been recognised by the International Property Awards for value creation in Nigeria’s real estate industry.”- Punch The Chief Executive Officer of the company, Sijibomi Ogundele, said the approach of excellence and attention to detail that went into the firm’s Medici development earned it the award. He added that the same approach would ...

“For reasons bordering on improved infrastructure and the crimpling impact of economic downturn which has compelled some individuals, families and corporate institutions to downgrade and change locations, Landed property prices in Lekki is the fastest rising among the prime island locations in Lagos.”- Business Day But land prices in Banana Island which is the most expensive neighbourhood in Lagos and ...

According to The NATION, Federal High Court in Lagos has ordered the interim forfeiture of a Banana Island property, Lagos bought for $37.5m in 2013 by a former Minister of Petroleum Resources, Diezani Alison-Madueke. Justice Chuka Obiozor, a vacation judge, made the order yesterday following an ex parte application by Economic and Financial Crimes Commission (EFCC) counsel Mr. Anselem Ozioko. The EFCC, in documents filed in ...

The original settlement on the site in which Lagos grew was first inhabited by fishermen and farmers and was called Eko. This settlement was christened in 1492 as Lago de Kuramo by the Portuguese who used it only as a harbour in their attempts at finding a route to the far east. However what we have today is what you ...

Since the purpose for any structure of a building is to satisfy some human needs, there is need for the design of such structure to be at par with the functional objectives of safety, serviceability, and economy.This article delves into the menace of structural failures in Nigeria The tools to enable an engineer realise the functional objectives of safety, serviceability, ...

According to wiki, “A ghetto is a part of a city in which members of a minority group live, especially because of social, legal, or economic pressure. The term was originally used in Venice to describe the part of the city to which Jews were restricted and segregated.” The aforementioned definition does little or no justice to what the word ghetto pictures ...