Tag Archives: Lagos

“The Asset Management Corporation of Nigeria (AMCON) yesterday on an order of a Federal High Court seized multi-billion naira properties in Lagos, Ogun and United Kingdom from three property firms and eight others following an alleged N4,680,343,681.47 bank debt.”- All Africa The assets, including land, houses, cars and generating plants, were seized in execution of an order granted by Justice ...

The United Nations projects that Nigeria’s population will cross the 250 million mark by 2030. An estimated 10th of this figure will live and work in Lagos in an estimated area of 356,861 hectares of which 75,755 are wetlands. To the Lekki Free Zone (LFTZ), this presents development opportunities for real estate developers. Through the LFTZ, the host communities are ...

Some students of Obafemi Awolowo University (OAU) through the Campus Alive Initiative Limited  have designed and constructed a hostel facility, diamond luxury hostel, in the institution. This is the first hostel  designed by students and for students.  “According to the Managing Director of Campus Alive Initiative, Oyinwola Don Bababtope students over the years encounter some accommodation challenges while on campus. ...

“Real estate tax figures are not in tune with reality. The government would spend less time chasing people and make more money if the tax rates are reasonable and realistic. All these charges make it expensive to transact in real estate. Prices of real estate properties are high because of all the high tax charges” – Mr Chudi Ubosi, Principal ...

“The Chairman of Chemical and Allied Products, CAP, Plc, Mr. Larry Ettah, has said that the plan by the Federal Government to roll out N1 trillion real estate fund as part of efforts to develop the infrastructure base of the nation will trigger investment opportunities in the industrial goods sector of the economy.”- VANGUARD Ettah who stated this at the ...

Vanguard reports that the children of a Lagos socialite, late Chief Olatunji Ajisomo Alabi, a.k.a, Lord Rumens, have filed a suit against the Bank of Industry Investment and Trust Company Ltd before a Lagos State High Court, over alleged mismanagement of their father’s N5.6billion estate.  The children who are Babatunde, Oladipo, Subuola, Awojuola, Rukayat, Olukemi and Adeola Alabi, had on ...

“THE Nigeria Institution of Estate Surveyors &Valuers (NIESV) has called on the government to include it in its assets valuation programme.”- The Nation NIESV, Lagos chapter Chairman, Mr. Offiong Samuel Ukpong told The Nation that as a professional body with a mandate for asset valuation, their non-inclusion in the  assets valuation renders the process invalid. He said since the law ...

There are vast investment opportunities in real estate for investors searching for proven investment in Nigeria. This article highlights the investment opportunities in real estate. In the real estate industry, opportunities are always in the increase as population increases, consequently many people seeking to own, rent or occupy properties also go on the increase. You won’t lose-out if you invest ...

“CHALLENGES of housing in terms of quality and quantity appear to be the same all over the world, but in Nigeria, it is a complex case. Hardly would any event organised by professional bodies in the built environment pass without touching issue of paucity of housing delivery in Nigerian, yet, not much has been achieved.”-Nigerian Tribune But recently, at different ...

“An Igbosere Chief Magistrates’ Court, Lagos, on Tuesday remanded a property developer, Felix Ezeamama, for attempted murder, armed robbery and unlawful damages. Chief Magistrate Abimbola Komolafe made the order following an application by the Officer in Charge, State Criminal Investigation and Intelligence Departing (SCIID) Panti, Lagos, Effiong Asuquo, a Chief Superintendent of Police (CSP). Asuquo, relying on Section 264 (1) ...