Tag Archives: developer

A real estate development firm Landshop founder Prince David Omaghomi has called for the amendment of the Land Use Act to recognise ancestral ownership of land and make them bankable. At a briefing, Omaghomi said though he could not challenge the Land Use Act, he could call for its amendment on it as many cases were still pending in the ...

The Managing Director of Cosgrove Investment Limited, Mr. Umar Abdullahi, has been honoured with the award of “Real Estate Developer of the Year” by the Nigeria Institute of Architects (NIA). Cosgrove was also honoured in its corporate capacity for “excellence in smart cities development in the country”   Both honours were conferred by the Institute at its 2019 Conference and Expo ...

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 Capital Territory Administration (FCTA), on Thursday, warned developers in the territory to desist from arbitrary change of land-use or face prosecution and demolition. Director, FCT Department of Development Control (DDC), Muktar Galadima, gave this warning while addressing newsmen during the inspection of a property the department had earlier sealed off. The property, Crystal Oasis Limited, a beverage factory ...

A Dubai-based property developer has commenced $18.5 billion sites and serviced project expected to provide over 140,000 housing units within Centenary City in Abuja. Unveiling the initiative in Abuja, a co-investor/ developer, Alhassan Dantata, explained that government has leased the project, while funding is coming from foreign investors. He stressed that Centenary City was delayed because of controversies, adding that ...

ICT Mall – Lagos State Government on Tuesday denied association with an infrastructural firm, Master Realty International Concept Ltd, supposedly answered to be parading itself as having endorsement to build an ICT specialized shopping center straightforwardly next to the recently assembled Ikeja Bus Terminal. The State’s Commissioner for Physical Planning and Urban Development, Tpl Wasiu Anifowoshe in an announcement said ...

The Lagos State Employment Trust Fund (LSETF) has entered into partnership with Jobberman and American Towers Corporation (ATC), to empower unemployed youths in Lagos State. ATC is one of Nigeria’s leading independent owner, operator and developer of wireless broadcast communication, as well as real estate firm. According to LSETF, the collaboration is in line with its mandate of bridging the ...

An Ebute-Meta Chief Magistrates’ Court, Lagos, has sentenced a property developer, Alhaji Ayobami Oseni, to 2,670 years imprisonment for duping 133 accommodation seekers of N25 million. Chief Magistrate O. O. Olatunji convicted Oseni following his plea of guilty to 267 counts of conspiracy, obtaining under false pretenses and stealing. He sentenced Oseni to 10 years imprisonment with no option of ...

So, you are ready to throw your hard-earned money into a new home project. This is what you should know before investing in a new home. The process of developing new subdivisions as a unified building concept is now more prevalent than ever. In regions all around the country, new home builders are creating entire communities from scratch, building in ...

“Less than a month after a developer at Iponri allegedly defrauded some house seekers of their money, another one, Mali Najeemdeen has been accused of a similar offence.”- The Nation Najeemdeen was alleged to have fleeced about 74 victims of N50million under the guise of providing them accommodation at Ijeshatedo in Surulere. The victims were said to have individually paid ...