Tag Archives: Properties

A Federal High Court in Lagos has adjourned until February14, a suit seeking final forfeiture of two penthouse structures, allegedly linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. The suit was adjourned to a further date following the absence of Justice Mojisola Olatoregun, who was said to be attending a workshop. Olatoregun had on December 5, 2017, ...

Officials of the Federal Ministry of Finance and the Federal Inland Revenue Service, FIRS, involved in Voluntary Assets and Income Declaration Scheme, VAIDS, said they have been inundated with calls from Nigerians in the United Kingdom seeking to inquire about how the new UK government Unexplained Wealth Orders, UWOs would affect their property in that country. A source close to ...

The federal government declared in Enugu on Thursday that it had compiled data on property, bank accounts, shareholdings and other income sources of individuals and corporate entities, warning that there would be unsavoury consequences for those who failed to regularise their tax status. Minister of Finance, Mrs. Kemi Adeosun, spoke at the commencement of the sensitisation campaign on the Voluntary ...

Two Odua Peoples’ Congress (OPC) factions engaged each other in a supremacy battle yesterday in Oke-Ado area of Ibadan, the Oyo State capital, leaving one person dead, several others injured and valuable properties destroyed. The state police Public Relations Officer, SP Adekunle Ajisebutu, confirmed the incident to Daily Trust on phone that one person died in the fracas, adding that ...

The Edo State Government has served demolition notice to developers in Benin metropolis whose buildings breached the state town planning laws. Speaking to journalists at the weekend in Benin, the Commissioner for Physical Planning and Urban Development, Edorodion Oye Erimona  said the notice serves as a final reminder to those whose properties contravened the state’s laws on urban development. “If ...

Justice Saliu Saidu of a Federal High Court in Lagos, has fixed January 19, 2018 to entertain and rule on a motion filed by EFCC before the final forfeiture to the Federal Government of Flat 7B, Osborne Towers, Ikoyi, Lagos. The anti-graft agency said that the wife of the sacked Director-General of the Nigeria Intelligence Agency, ( NIA )Folashade Oke, as the ...

As part of the measures to defeat the Badoo menace in Ikorodu, the Lagos State Government has frozen the properties of Alhaji Alaka Abayomi Kamal, a man thought to be the Badoo sponsor. The assets which include a Petrol Filling Station, hotel and event centre, were sealed off on Wednesday, January 3, 2017. According to the Linda Ikeji’s Blog (LIB), the valuables ...

Owning properties has become a money spinner in Nigeria lately. Opportunities to make money in real estate abound for a very keen and enthusiastic investor. This is because a lot of people have begun to understand that need for shelter ranks top among human needs, many people are going into real estate. While in years past, young people were found ...

According to Daily Post, the Economic and Financial Crimes Commsion, EFCC, has sealed all the properties belonging to embattled ex-chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina. Maina, who has been accused of complicity in N2bn fraud, has reportedly gone into hiding. The civil servant was declared wanted by the EFCC in November 2015 for alleged fraud. ...

According to Daily Post, a real estate firm, Jetland Properties Limited, has filed a N31m lawsuit against Ecobank Nigeria Limited over alleged breach of contract. The firm, in the suit before the Lagos State High Court in Igbosere, alleged to have been engaged by the commercial bank to find a buyer for its property located at Plot 7, Block 10, ...