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Tag Archives: Nigeria

Nigeria’s GDP decelerates in Q2 2019 to 1.94% y/y

GDP

Economic activity in Nigeria’s economy slowed down in the second quarter of the year. Data from the National Bureau of Statistics (NBS) revealed that the country’s GDP slowed to 1.94% y/y from a revised growth rate of 2.10% y/y in Q1 2019.  On a half-year basis, real growth in H1 2019 stood at 2.02% y/y, higher than 1.69% for H1 2018. ...

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Court overrules order for forfeiture of senator’s property

court

The Federal High Court on Monday set aside an interim order for the forfeiture of the properties of Peter Nwaoboshi to the Nigerian government. The judge, Taiwo Taiwo, in his ruling on Monday overruled the earlier order by the same court because “due process of law” had not been followed. The court had made an initial order for the confiscation of 14 ...

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Firm’s Ikoyi property C of O gets nullified by court

C of O

The Court of Appeal, Lagos Division has nullified the Certificate of Occupancy (C of O) given by the Federal Government to Sunnyvale Nigeria Limited in respect of a parcel of land situated at Plot 25, Block 6, Ikoyi Foreshore, Lagos. The appellate court, in a lead judgment by Justice Ugochukwu Ogakwu, on March 6, 2019, restrained Sunnyvale Nigeria Limited, its ...

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Alleged Property Seizure: Court annuls Evans’ N1bn suit against police, others

Property

A Federal High Court in Lagos on Monday struck out a fundamental rights enforcement suit filed by alleged kidnap kingpin, Chukwudumeme Onwamadike (a.k.a Evans), against the police over the seizure of his property. Mojisola Olatoregun, the justice, held that the court lacked the jurisdiction to entertain the case. She said that the suit ought to have been filed before a ...

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Litigation: FIABCI Nigeria accused of disobeying court orders

FIABCI

Despite a subsisting order to reinstate Mr. Emmanuel Osita Okoli, placed on the International Real Estate Federation, FIABCI-Nigeria Chapter by a High Court in Nigeria, the professional body has continued to disobey the court order. The order being disobeyed by FIABCI-Nigeria Chapter is the one made by the High Court in Ikeja directing the realtor body to reverse its expulsion ...

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History of Surveying in Africa and Nigeria

Surveying in nigeria

Surveying profession is one of the oldest professions in Africa. In most African countries, it was initially a profession that was connected with the military. This has to do with the colonial history. For instance, countries that have colonial links with Britain had their first set of surveyors trained in British Military Survey Schools. In the past, surveyors were people ...

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Man arraigned over alleged N840,000 land fraud

Land fraud

A 40-year-old man, Abdul Ibrahim, yesterday appeared in a Karshi Grade 1 Area Court, Abuja, for alleged N840,000 land fraud. The defendant, who resides at Nyanya village, Abuja, is standing trial on a three-count charge of criminal breach of trust, cheating and criminal misappropriation. The prosecutor, Mahmud Lawal, told the court that a written petition by the complainant, Eucharia Ogedengbe, ...

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Housing deficit: Expert seeks flexible rent system in Nigeria

Nigeria

A real estate manager, Mr. Tunde Balogun, says complexities and absence of a flexible rent payment system make affordable housing to become an illusion for many low and middle-income earners in Nigeria. Balogun, the Chief Executive Officer, Rentsmallsmall Ltd., Lagos, made this known at a media briefing on Monday in Lagos, saying that the issue had made vacancy rate in ...

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Obiano lauds Buhari for second Niger Bridge construction

second Niger Bridge

Governor Willie Obiano of Anambra State has commended President Muhammadu Buhari for the progress of work on the construction of the Second Niger Bridge. Obiano, who stated this during an inspection visit of the project in Onitsha, Anambra State. added that the President had done well for the South-East and South-South geopolitical zones. He expressed satisfaction with the standard and ...

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