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Tag Archives: mortgage

Don’t miss Nigeria’s largest property and lifestyle on July 18!


The Nigeria Real Estate Summit & Expo (NIRESE), Nigeria’s most exciting property and lifestyle expo holds on the July 18, 2019 at the Eko Atlantic City Waterfront, (Former Bar beach) at the end of Ahmadu Bello Way, Victoria Island-Lagos What to expect at the NIRESE? Property Pavilion Meet over 60 of Nigeria’s top property companies, view the finest houses in ...

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Nigerian govt takes over alleged Diezani property


A Lagos Division of the Federal High Court Tuesday approved the forfeiture to the Nigerian government of a plot of land in Port Harcourt, Rivers State. The land allegedly belongs to the former petroleum minister, Diezani Alison-Madueke. Chuka Obiozor, the judge, gave the decision following an application by the Economic and Financial Crimes Commission (EFCC). According to the EFCC, the ...

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Firm debunks fraudulent mortgage deal allegation


Mortgage The CMB Building Maintenance and Investment Company Limited has disproved the allegations of fraudulently mortgaging homes belonging to Pearl Nuga Park Estate and Pearl Garden Estate situated at Sangotedo Village in Eti-Osa Local Government Area of Lagos. CMB in a statement issued through its counsel, Ifoma Ogoh stated that the said allegations published in Newspapers were false, malicious, and ...

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Real estate experts task FG on practicable housing policy, others

real estate

Operators in the Nigerian real estate development industry, say that there is a need to look at the sources of financing construction of housing to make life meaningful for Nigerians and also make housing affordable for all. Director of Locke Homes Properties Ltd, Idowu Bakare, stated this on Tuesday while presenting the key to a 3-bedroom flat at the Gold ...

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Mortgage rate must be below 10% to spur housing development – Aliyu


The Chairman of a leading property development and management company, Urban Shelter Limited, Malam Ibrahim Aliyu, has said the potential for housing in Nigeria will not be realized until the current mortgage rate is brought down below 10 per cent Malam Aliyu stated this during a courtesy visit on the company in Abuja recently by officials of Media Trust Limited, ...

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What you must know about MORTGAGE in Nigeria Real Estate

National Housing Fund

For most Nigerians that have served the government or being into civil service for donkey years it is almost impossible that they save enough to own a piece of land talk-less having money to build their own houses. Therefore, many Nigerians do require one form of assistance or the other to become landlords. This assistance normally should come in form of mortgage, ...

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Court orders Stanbic IBTC to reverse sale of property

Stanbic IBTC

The Federal High Court in Lagos has ordered Stanbic IBTC Bank to reverse the illegal sale of Mrs. Abosede Folasayo Fagbola’s property situated at 3 Ayoola Adeyefa Street (Plot 4 Block N) Oroki Estate, Osogbo, Osun state. The Osun-based lawyer dragged the bank before a Federal high court in Lagos after her property was sold without her knowledge. Joined as ...

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FHA plans to invest N9 billion in Abuja mass housing


The Federal Housing Authority (FHA) said it would invest N9 billion in the ongoing construction of its Abuja Mass Housing Project of 550 units of houses, located in Zuba, Abuja. Prof. Mohammed Al-Amin, Managing Director of FHA, made this known on Friday while fielding questions from journalists after an inspection of the Zuba pilot scheme construction site, Abuja. The News ...

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FMBN has created over N80b mortgages so far – Ahmed Dangiwa


The Managing Director, Federal Mortgage Bank of Nigeria, Mr. Ahmed Dangiwa, says the lender has created more than N80bn mortgages since inception. Dangiwa stated this during the tour of Sedona Housing Estate in Igbogbo, Ikorodu, Lagos, which was financed by the FMBN and developed by Sedona Business Consults, an Abuja-based firm. The figure shows a 10.4 per cent increase in ...

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