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Tag Archives: Property

Property developer charged with defrauding 33 accommodation seekers

Lagos govt agency rejects request to demolish N28m building

“A Yaba Chief Magistrates’ Court in Lagos on Thursday granted N3 million bail to a Property developer, Hassan Lukmon, who allegedly defrauded 33 accommodation seekers of N11.3 million. The Magistrate, Mrs A. F. Adeeyo, also ordered Lukmon to produce two sureties each in like sum. She directed that one of the sureties must own a landed property in Lagos State ...

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Court orders temporary forfeiture of Senator’s 12-storey building

Court orders temporary forfeiture of Senator’s 12-storey building

Premium Times says that a Federal High Court, Lagos, on Monday ordered temporary forfeiture of a 12-storey building belonging to a Peoples Democratic Party (PDP) Senator, Peter Nwaoboshi. The property located at 27 Marine Road, Apapa, is said to belong to Mr. Nwaoboshi who is senator representing Delta North Senatorial District. The court’s order was sequel to an ex-parte application, ...

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Court strikes out Obanikoro’s suit

Court strikes out Obanikoro’s suit

According to The Guardian, a Federal High Court in Lagos has struck out a N100 million suit filed by Senator Musiliu Obanikoro and his family against the Economic and Financial Crimes Commission (EFCC). Obanikoro, his wife, Miroophat and his two sons, Gbolahan, Babajide and Fati, Babajide’s wife had sued the anti-graft agency for breach of their fundamental rights. They urged ...

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Saraki, Justice Ngwuta, others may forfeit ‘undeclared assets’

Saraki, Justice Ngwuta, Others May Forfeit ‘Undeclared Assets’

Signal reports that Senate President Bukola Saraki and Justice Sylvester Ngwuta of the Supreme Court, among other defendants currently being prosecuted before the Code of Conduct Tribunal, CCT may have their properties, which are subject of the charges preferred against them, temporality forfeited pending the final determination of their cases. This is according to the CCT’s new Practice Direction, 2017, ...

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Properties for sale by AMCON

Investors holding back on the Nigerian property market despite opportunities

The Asset Management Corporation of Nigeria (AMCON) in fulfillment of its objectives and exercise of its statutory duty of efficiently resolving eligible bank assets purchased from various eligible financial institutions in Nigeria, offers the following properties for sale to interested members of the public. Further details of the properties available for sale, can be found on the following website: https://www.online.amcon.com.ng or email ...

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Nigerians in frantic move to sell property before UK unveils owners

property in Dubai

“Rattled by reports that the United Kingdom was planning to lift the lid on owners of property in that country, Nigerians, especially politically exposed persons, who own property in the UK  have begun moves to dispose of the property.”- Leadership LEADERSHIP gathered that, following the revelation last week of efforts being made to expose them, many of Nigeria’s elite, including ...

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‘EFCC Did Not Hand Over Alamiyeseigha’s Property To Falana’

‘EFCC Did Not Hand Over Alamiyeseigha’s Property To Falana’

PM News reports that the Economic and Financial Crimes Commission (EFCC) has denied a report circulating in the social media that Lagos lawyer and human rights activist Mr Femi Falana SAN was a beneficiary of some assets seized from a former governor of Bayelsa State, Late Diepreye Alamieyeseigha. The commission in a statement signed by its spokesman, Wilson Uwujaren, described ...

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Woman, Brother, Docked For Selling Step Daughter’s Property

Woman, Brother, Docked For Selling Step Daughter’s Property

According to Leadership, Mrs Elizabeth Ukponarusi,50, and her brother, Mr Benjamin Enogieru, were on Wednesday docked for allegedly selling property belonging to the step daughter of Mrs Ukponarusi. The step daughter, Mrs Izogie Ukponarusi, in continuation of defense on the matter, testified before an Egor magistrate court, how her step mother sold her land with a building structure on it ...

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Lagos issues deadline on Land Use Charge

Agege flyover completion date announced

“Lagos State Government has given landed property owners till April 14 to pay the state Land Use Charge, or risk losing the benefit of enjoying 15 per cent discount for paying the levy. Director, Public Affairs, Ministry of Finance, Mrs. Modupe Ileyemi, said this in a statement on Saturday. The official said the state government was keen on early payment ...

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Ex-MD drags FG to court over coal corporation property

How Ex-Naval Chief, used family company to acquire N600m property

According to Daily Post, a former Managing Director of the Nigeria Coal Corporation, NCC, Sir Evarist Ibe has nursed fears over plans to eject him from his residence. He has therefore, dragged four agencies of the Federal government with its consultant, C.A Chizea & Co to the National Industrial Court Enugu division, for government’s inability to include him in the ...

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