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Tag Archives: real estate

Property developer predicts boom in housing estates in Imo

property developer

A property developer is predicting that a surge in demand for residential and commercial accommodation in Imo State is expected to trigger heightened activities in housing estate developments, with special attractions for Owerri and its environs, as well as the Southeast in general. Chima Ifekwe, vice president of JLN Builders Nigeria Limited, an affiliate of JLN Construction Services, LLC USA, ...

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EFCC recovered properties to rescue FCTA huge expenses on rents


According to the provision of section 4 (1) (e) of the FCT Act, the FCDA is charged with the responsibility of the coordination of the activities of all ministries, departments, and agencies of the Government of the Federation within the Federal Capital Territory. This provision provides the window for the requests by Federal Ministries, Agencies and Departments, including foreign organizations, ...

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Developer seeks Land Use Act amendment

land use act

A real estate development firm Landshop founder Prince David Omaghomi has called for the amendment of the Land Use Act to recognise ancestral ownership of land and make them bankable. At a briefing, Omaghomi said though he could not challenge the Land Use Act, he could call for its amendment on it as many cases were still pending in the ...

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Lagos State to tackle unauthorised real estate practitioners

property developer

The Lagos State Government says it will tackle the menace of unauthorised real estate practitioners across the state. The Special Adviser (SA) to the Governor on Housing, Mrs. Toke Benson-Awoyinka, said this in a statement in Lagos on Monday. Benson-Awoyinka said that the state government had planned a stakeholders forum for real estate practitioners, aimed at tackling the menace. She ...

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Saraki speaks as EFCC allegedly moves to seize his Ilorin property 


Bukola Saraki, former president of the Senate, has raised alarm over an alleged move by the Economic and Financial Crimes Commission (EFCC) to seize his house in Ilorin, Kwara state.  Saraki claimed that the anti-graft commission had filed a process at a Federal High Court in Lagos on Wednesday, November 27, praying for an interim order for the forfeiture of ...

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AHCN seeks ways to transform housing agencies


The Association of Housing Corporations of Nigeria (AHCN) will be training its agencies on how to achieve productivity and profitability in Uyo. A statement by the Executive Secretary Toye Eniola explained that the objective of the training is to stimulate members to speedily embrace global business changes and equip them with strategies of adopting, adapting and developing positive corporate attitudes ...

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Is Real Estate a Good Investment?

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. You may even use it as a part of your overall strategy to begin building wealth However, you need to make sure you are ready to start investing in real estate. For one, you will ...

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Govt Lacks Plan to Provide Housing for Nigerians, Charges NIESV President


The president, Nigerian Institute of Estate Surveyors and Valuers, NIESV, Rowland Abonta says Nigerians have continued to experience housing deficit because the Government does not have plans to provide housing for majority of its citizens. Abonta was speaking in Enugu at a one day school-based National 50th Anniversary Continuing Professional Development Seminar as part of preparations for the Golden Jubilee ...

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Lagos State Govt. vows to tackle unauthorised real estate practitioners

real estate

Special Adviser to the Lagos State Governor on Housing, Toke Benson-Awoyinka (left); Deputy Governor, Dr. Kadri Obafemi Hamzat; State Commissioner of Housing, Moruf Akinderu- Fatai and Governor Babajide Sanwo-Olu during a one-day stakeholder’s meeting on real estate agency organised by the State’s Real Estate Transaction Department (LASRETRAD). Worried by the influx of charlatans into the real estate sector and its ...

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In the real estate investing business, real estate investors need to be familiar with the term Escrow to make the most out of an investment. If this term is new to you, then keep reading! In this article we would discuss what escrow means, how it works, escrow accounts, their uses in the real estate business, what influences escrows, and ...

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