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Tag Archives: UPDC

Presidency defends EFCC raid on Atiku son’s apartment


The Presidency on Monday defended the Economic and Financial Crimes Commission (EFCC), saying the anti-graft agency did not raidan apartment occupied by the two sons of Atiku Abubakar. Presidential spokesperson Garba Shehu claimed the news of the anti-corruption raid broke on Monday morning and it was spread by the main opposition Peoples Democratic Party. Mr. Shehu’s comments came hours after ...

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Ex UPDC boss targets 5,000 housing units to bridge infrastructural gap

housing units

Concerned about existing deficits in the middle-income segment, the immediate past Managing Director, UACN Property Development Company, Mr. Hakeem Ogunniran has unveiled his new firm- Eximia Realty Company Limited, which plans to bridge the housing gap in the country with 5,000 housing units. To kick-start the vision to build the units in the next five years, two projects in that ...

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‘Policies needed to boost local building materials in the country’

building material

The Nigerian Institute of Quantity Surveyors (NIQS) has called on the government to evolve policies that would boost local building materials in the country. According to NIQS presidents and former Minister of state for Power, Mallam Murtala Aliyu, this is the way to significantly bridge the housing gap in Nigeria. NIQS’ president spoke last week at the sod turning of ...

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Oyo’s Olive court to be delivered in August

Olive court, Ibadan, Oyo state - work in progress

Olive Court, a premium residential estate, is a joint venture between the Oyo state Government and UPDC Plc. It is located on 2.04 hectares of land with beautifully designed, generously spacious houses coupled with excellent leisure services Exactly 18 months from the takeoff time, a frontline real estate firm in Nigeria, UACN Property Development Company, will be delivering the second ...

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Shareholders of UPDC REIT rewarded N2.33 billion

The UPDC REIT has declared a total of N0.87k distribution to unitholders for the 19 months period ended December 31, 2014. Besides, an interim distribution of N0.56k was earlier made to unitholders for the 13-month period ended June 30, 2014 while a final distribution of 0.31k was also paid to unitholders for the 19 months period ended December 31, 2014. ...

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UPDC finally selects winners of 30-storey design competition

After a keen competition to get world-class architectural design for its proposed real estate project, the UACN Property Development Company Plc (UPDC) has eventually selected two firms for its ‘One Prime’ project, to be located within the neighbourhood of Ikoyi, Lagos State. The selection of the duo, James Cubitt and Design Group, emerged after the developer recently organised a pitch ...

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Every developer is a Local Government – UPDC boss

Real estate developers are always confronted with the perennial problem of being responsible for the provision of basic public amenities that should ordinarily be provided by the government in the bid for developers to make the houses they are constructing livable. This was the view of Mr Hakeem Ogunniran, Managing Director of UACN Property Development Company (UPDC) Plc, who in ...

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