Tag Archives: real estate

The Lagos State Government has unveiled an electronic real estate litigation system, which it said would help improve Nigeria’s rating on the ease of doing business. The state government added that the platform was equally designed to provide easy access to information to both indigenous and foreign investors with plan to procure real estate or property in the state. The ...

Nigeria Customs Service operatives on Wednesday stormed the home of Sir Olu Okeowo, a real estate billionaire who lives in Ikoyi, Lagos. Okeowo is popularly known in the state for his choice of cars. It was gathered that the real estate billionaire allegedly failed to pay import duties on some of them. Customs officers and men, who were at this ...

Gearing up for a veritable funding source for the sub-sector, mortgage operators (MBAN) have moved to explore the suitability, applicability and the possibility of adopting the non-interest mortgages to unlock the potentials of the Sukuk model. The operators, under the aegis of the Mortgage Banking Association of Nigeria agreed in a seven-page communiqué after its chief executive officers retreat in ...

Lagos-based property development firm, Messrs Tetramanor has announced plans to expand its housing firm in the mainland area, with 40-units of homes in the Ebuta-Metta axis of Lagos. The new project called; TM Meadows, about five-minutes from the Third Mainland Bridge consist of 40 units of two, three and four bedrooms all fully finished and having maid’s rooms. The estate ...

After an initial effort by Buhari administration that eventually turned out to be a ‘false start’, a fresh call has been made by real estate experts for the creation of an infrastructure fund, which will lead to significant private sector investments and economic growth. Figures obtained show that Nigeria is under investing in infrastructure. For instance, during the five years ...

Nigerian underwriters have continued to experience a boom in real estate investment in industry increased by N5 billion from N98.11 billion to N103.51 billion within a period of one year. According to the balance sheets prepared by the regulator, National Insurance Commission (NAICOM), five underwriting firms failed to pick interest in the blossoming real estate sector, while Mutual Benefits Assurance ...

Lagos –  A 38-year-old real estate manager working with a company, Olaitan Faramaiye, who allegedly stole his employer’s N3.1 million, was on Wednesday docked at a Surulere Chief Magistrates’ Court in Lagos. The accused is facing a charge of stealing. He, however, pleaded not guilty. But the Prosecutor, Sgt. Anthonia Osayande, told the court that the accused committed the offence ...

Mr. Emma Okas Wike is currently the second vice president of the Nigerian Institution of Estate Surveyors and Valuers, the founding as well as the principal partner of the firm of Emma Wike & Partners.  In this interview with EMMANUEL BADEJO, he bares his mind on sundry issues that affect real estate in Nigeria and also proposed Ministry of works, power and ...

The Group Staff Multipurpose Cooperative Society Limited has announced how Dangote plans to invest in real estate and microfinance bank and to make available credit facility for entrepreneurs who are its members. The President, DANCOOPS, Mr. Afolabi Kamoru, stated this at the group’s 10th Annual General Meeting in Lagos. Also, the Obajana unit of the group asked for financial autonomy ...

The High Court of Lagos State on December 21, 2017, liberated the Ajiwe community in Ajah in Eti-Osa Local Govt Area of Lagos State, from the Olumegbon Family’s claim of overlord. In a landmark judgment delivered by the Honourable Justice Ronke Harrison, the Court held that there was no basis in law, upon which Chief Olumegbon could claim to be ...