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Tag Archives: real estate news

Expert suggests establishment of housing corporations as solution to housing deficit

Housing corporations

A stakeholder in the building environment, Mr. Toye Eniola has claimed that the establishment of Housing corporations is the solution to the huge housing deficit bedeviling the country. Nigeria’s housing deficits have been put at 17 million. Eniola, who is the Executive Secretary, Toye Eniola of the Association of Housing Corporations of Nigeria (AHCN), spoke in an interview recently in ...

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AMCON gets ‘takeover’ order on CityScape over nearly N6billion Debt

AMCON gets ‘takeover’ order on CityScape over nearly N6billion Debt

The Asset Management Corporation of Nigeria (AMCON) has been granted interim orders by the The Federal High Court Lagos Division to take over  Cityscape International Limited’s assets over its nearly N6 billion debt. According to The Guardian, the debt-induced take-over profile of the Asset Management Corporation of Nigeria (AMCON), has risen as the Federal High Court Lagos Division granted it an ...

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Government Plans New Housing Initiative, Targets 300,000 New Homes

FG to issue promissory notes to contractors on domestic debts

The Guardian reports that the Minister of Finance, Kemi Adeosun, has announced plans by the Buhari administration to launch a new housing finance initiative. The Federal Government is planning a mortgage system that will catalyse the development of the mortgage market in Nigeria with the provision of single digit interest rate mortgages and longer repayment periods such as 20 years. ...

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Akpabio Denies Ownership of Lekki Gardens

Akpabio denies ownership of Lekki Gardens

The Senate Minority Leader, Godwill Akpabio, has denied ownership of Lekki Gardens, Lagos, where a building collapsed and killed over 30 people last week.​ A statement by Anietie Ekong, Special Assistant to Mr. Akpabio on Tuesday in Abuja, said it was ​​unfair ​link Mr. Akpabio, a former governor of Akwa Ibom, to a property he did not own. ​Mr. Akpabio ...

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Court Orders MD of Lekki Gardens Kept In Prison

Court Orders MD of Lekki Gardens Kept In Prison

An Ebute-Metta Chief Magistrate Court on Friday ordered the remand of the Managing Director of Lekki Gardens, Richard Nyong, for 30 days, as police investigate the deadly collapse of a five-storey structure handled by the firm. The building collapse at Kushenla Road, Ikate Elegushi area of the state, Tuesday, killed 35 people. The court also ordered one of the contractors ...

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Kwara Govt. Commence 1,000 Units Housing Estate

Kwara state housing

Kwara State Governor, Abdulfatah Ahmed, has flagged off the construction of 1,000 housing units in order to provide affordable and quality housing to meet the shelter need of the populace. Speaking after laying the foundation on Monday, Governor Ahmed explained that efforts to meet the housing need of the people have not yielded fruitful result. He stressed that Nigeria housing deficits was about 17 ...

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UN Raises Concern Over Canada’s Persistent Housing Crisis

UN Raises Concern Over Canada’s Persistent Housing Crisis

In a report released Monday, the UN Committee on Economic, Social and Cultural Rights expressed “concern about the persistence of a housing crisis” in Canada and called on Ottawa to bring in a national housing strategy that recognizes the right to housing. The committee also urged Canada to ensure homeless people and other disadvantaged groups have access to the judicial ...

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Real estate mogul owes $73.8m in back taxes

Tim Blixseth

One-time billionaire and Yellowstone Club founder Tim Blixseth owes almost $74 million in back taxes, penalties and interest in Montana, state revenue officials said Tuesday, after a tax board ruled that the real estate mogul diverted huge sums from the luxury resort for personal use. Revenue officials said the Washington state resident and his former wife misappropriated more than $270 ...

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