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 ...
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FCT commences demolition of structures that fail integrity test
FCT authorities will from next week begin the demolition of structures that violate building plans or fail integrity test. This is part of measures to mitigate building collapse in the Federal Capital Territory, an official said. The exercise will be carried out by The Department of Development Control of the Abuja Metropolitan Management Council (AMMC). The first structure to be ...
Read More »Estate Developers halting construction activities as 2019 Elections draws near
According to an online report, real estate developers in Nigeria have begun halting construction activities as anxiety and uncertainly about the coming 2019 general elections continues to build. Although, the Nigerian real estate market has been less influenced by political-spending but more by the general economic standing of the country and people, the recent incident where an incumbent governor was ...
Read More »How To Access An Estate Developer’s loan
This article tells you what you should know and subsequently do to access an estate developer’s loan in Nigeria. It is a long process in gaining access to funds for that estate development project. Estate developers in Nigeria have one major constraint and that is the cost of acquiring land which is the first stage on a somewhat tumultuous path ...
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