Tag Archives: Property

“The Economic and Financial Crimes Commission (EFCC) disclosed on Tuesday how it found a house in Abuja bought at N240million Abuja house and furnished with N134million for his son, Alex Badeh junior.”- The Nation An operative of the EFCC, Abubakar Madaki, told a Federal High Court in Abuja Tuesday that he was the head of a task force that investigated a ...

“Worried by the dearth of accurate data for necessary action plan in the housing sector, the Real Estate Developers Association of Nigeria (REDAN)  is initiating strategy to provide solution to the challenge of housing deficit.”-Nigerian Tribune The moves by REDAN to provide a solution to the challenge of housing data was made known by its President, Rev. Ugochukwu Chime,   at ...

The Guardian reports that Justice T.A.O Oyekan-Abdullahi has ordered Property Mart Real Estate Investment Limited to stop further construction work on its Grenadine Homes project located at Sangotedo, Lagos. Justice Oyekan-Abdullahi gave the restraining order following a motion on notice filed by Complete Leisure Estate Nigeria Ltd alleging that Property Mart Ltd had trespassed on its parcel of land where ...

“Is the valuation of land and properties across the country reflective of economic realities? This was the poser for estate surveyors and valuers at the inauguration of the reconstituted Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON)  in Abuja by the Minister of Power, Works and Housing, Mr. Babatunde Fashola.”- The Nation “For me, I think the most important ...

“As part of measures to curb building collapse, the Lagos State House of Assembly has cautioned property developers to desist from erecting structures without necessary approvals.”- The Guardian The Chairman of the Committee on Physical Planning and Urban Development, Mr. Setonji David gave the warning during an on-the-spot assessment of the complaints of the residents of the over 400 units ...

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 Economic and Financial Crimes Commission has seized a hotel allegedly belonging to Mrs. Patience Jonathan, the wife of former President Goodluck Jonathan.” – Signal The anti-graft agency also seized three other properties in Abuja allegedly belonging to Patience. The five-storey hotel is located near Setraco Construction Company, beside Mabushi Kado Expressway. Although the hotel has not been officially valued ...

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 ...

A new era may soon dawn in the real estate sector, if the Nigerian Institute of Bankers (NIB), and the Nigerian Institution of Estate Surveyors and Valuers (NIESV) accept proposal to establish a joint standard committee on good mortgage valuation practice in the country. The initiative is expected to promote understanding between both professions in financial reporting and particularly secured ...

“The African Property Investment Awards (API Awards), the continent’s premier real estate competition, is set to recognise innovation and outstanding achievement across the entire property industry. It will also provide distinguished developers, suppliers and owners working in Sub-Saharan Africa (excluding South Africa) with a platform to showcase their best projects and services.”- The Nation The award is scheduled to hold ...