Tag Archives: real estate

Real estate transactions involve the leasing, renting, buying or selling of property and is viewed as a very profitable venture. Unfortunately, scams and frauds are a common feature within the sector. This article identifies red flags in real estate transactions you must watch out for. Scam or fraud is a major obstacle bedeviling real estate transactions in Nigeria, this is ...

Proper financing is all-important to successful property investment and development. In this article we take a critical look at the challenges of financing real estate developments in Nigeria. The term ‘development’ as defined in section 2(1) of the Nigerian Town and Country Planning ordinance 1948, states that “development in relation to any land includes any building or rebuilding operation and ...

A Sokoto Magistrates’ Court on Monday ordered the remand of 48-year-old  estate agent, Lawali Maigara, for alleged land fraud. The defendant was accused of defrauding one Mubarak Bello of Fakon Iddi area of Sokoto of N400,000 on land transaction. The defendant was arraigned on a two-count charge of criminal conspiracy, breach of trust and cheating, offences contrary to Sections, 312 ...

“Members of the Royal Institution of Chartered Surveyors (RICS), Nigeria group have called on the Federal Government to create an enabling environment for real estate sector, which will boost economy.”- The Guardian The real estate experts, who spoke at the Annual General Meeting (AGM) and induction of new members, dwelled on the theme: Funding Real Estate, Requirement from Advisors. The ...

“Nedcomoaks properties boss, Dr Kennedy Okonkwo, has called on the government to look into the real estate industry and consider it for financing.”- Nigerian Tribune The estate developer made the statement during a courtesy visit paid to him by some top executives of the Real Estate Developers Association of Nigeria (REDAN) in Lagos earlier this week. According to Dr Okonkwo ...

The importance of Nigerian cooperatives in real estate investment can not be overemphasized and that is why we decided to gain from the wealth of an expert in this field. Mr Victor Oyegoke who is a cooperative consultant is the Principal Consultant/CEO of Cooperative Support Services Limited based in Lagos. Read the interview we had with him below: NREH: Can we ...

“Stakeholders in the real estate sector yesterday urged government and private sector partnership to drive growth in the area.They made the call at the 2017 yearly Real Estate Unite Summit organised by 3invest in Lagos.”- The Guardian Leading the discussion on the topic “Africa’s Real Estate, What’s New?,” the Chairman/Chief Executive officer of Mixta Africa, SA, Deji Alli, called for the ...

“With infrastructural development being one of the most important factors that influence real estate prices, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) has urged members to shift attention to the development of plant and equipment valuation practice.”- The Guardian NIESV president, Dr. Bolarinde Patunola Ajayi made the call at the Official Handing Over and Award of Honour in ...

“Concern remained high at the weekend that off-plan sales strategies, which have become popular among property developers may be taking its tolls on prospective subscribers as complaints are mounting within the authorities, following the plights of subscribers of Property Mart Real Estate Investment Limited, in Magodo over an alleged ill treatment in the Mainland Garden scheme situated in Papalanto road, ...

“The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has called on Estate Surveyors and Valuers to see their professional calling as strategic in nation building and avoid corruption that could tarnish their reputation.”- World Stage He gave the charge on Thursday, October 12, 2017 during the first joint Mandatory Continuing Professional Development (MCPD), for Nigerian Institute of ...