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Tag Archives: Property

Family of Nigeria’s first H.O.S at war over property

There is a current rancor arising from property feud in the home of late Abdul-Azeez Atta, the first Head of Service of the Federation under the then General Yakubu Gowon-led administration. The first-born of the family, Olusegun Atta, has instituted a law suit against his own mother, Mrs. Iyabo Atta, and his other siblings, over an alleged attempt to sell ...

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What you must know about PROPERTY TAX

Property tax can be defined as a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. This is in contrast to a rent ...

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Avatar star puts up properties for sale

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Sam Worthington, the Australian actor best known for his lead role in “Avatar,” is putting his Kauai North Shore properties up for sale for about $6.5 million. The 11 acres of property in Kealia Makai include a three bathroom, three-bedroom 4,352-square-foot home as well as about six acres of an adjacent vacant lot, according to public records. Worthington, who also ...

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Nigerians now prefer to invest in foreign properties

Mr. Godwin Alenkhe, Chairman of the Estate, Rent and Commission Agents Association of Nigeria, Lagos state chapter has expressed that the high cost of land transactions is having a negative impact on the real estate sector as Nigerians now invest in foreign properties. He said this in an interview with MAUREEN IHUA-MADUENYI of PUNCH news. When asked how the devaluation ...

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Developers drop property prices by 20%

A stable supply of choice homes without the commensurate demand in Nigeria’s high end property market is compelling real estate developers in this segment to drop rates by up to 20 percent. Also, operators in this segment, known for demanding rent in foreign currencies (dollars) now accept naira from prospective customers, this is according to a BusinessDay report. The developers ...

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Property destroyed by fire in Balogun market

In the early hours of Monday, January 12, the popular Balogun market in Lagos was said to been engulfed by a raging inferno that destroyed property worth thousands of Naira as the fire razed some shops in the market. Mr Ibramhim Farinloye who is the Spokesperson for the National Emergency Management Agency (NEMA) Southwest said “At 04:36 hours, there was ...

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Politicians sell property to raise funds for elections

In a desperate bid to raise funds ahead of February general elections, politicians seeking or sponsoring candidates for elective posts have started selling their property in major cities of the country such as Lagos, Abuja and Port Harcourt. According to a report by PUNCH, the development had crashed property market value as the politicians reduced the cost of their property ...

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Ogun State distributes 5,000 Cs-of-O to property owners

Ogun State distributes 5000 Cs-of-O

Ogun State government has distributed 5,000 Certificates of Occupancy (C-of-O) and other land title documents to property owners across the state, under its Homeowners’ Charter programme which is aimed at deepening the property market in the state. Governor Ibikunle Amosun said that government initiated the scheme to assist property owners in the state through the regularisation of title document and ...

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HOUSING: FMBN gets 10,596 applications for N48b NHF Loan

IN a fresh move to provide housing for Nigerians, the apex mortgage institution – Federal Mortgage Bank of Nigeria [FMBN] plans to provide National Housing Fund (NHF) loan to 10,596 applicants, worth about N48 billion. FMBN Managing Director, Mr. Gimba Ya’u Kumo, announced the new funding last week during the NDIC year 2014 Sensitization Workshop for operators of Primary Mortgage ...

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66,402 people apply for new FG Mortgage scheme

An indication that Nigerians are in dire need of affordable and live-able homes in any part of the country emerged last week as a total of 66,402 applicants are seeking slots in the 10,000 homes to be constructed by the Federal Government under the Mortgage Refinancing Scheme pilot project. The Federal Government launched the scheme early this year to create ...

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