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PROPERTY NEWS
Ogun, developer partner on Ibara Renewal Scheme
By Ademola Oni, Abeokuta
Published: Punch, 1st March 2010
The Ogun State Ministry of Housing has signed a Memorandum of Understanding with another private developer to deliver 12 units of two duplexes each in its efforts to fast-track the completion of the Ibara GRA Renewal Scheme project, which the state commenced about 15 months ago....More
Ondo to transform Ore with N5bn Sunshine mega city project
By Akinpelu Dada
Published: Punch, 1st March 2010
Ore is a strategic town not only to Ondo State, but to the country as a whole. If its rustic agrarian mien does not confer on it a sense of importance, its strategic location and contributions to the economy of the state are well recognised....More
How Unskilled Manpower Costs Nigeria N900b Yearly
By Michael Simire, Property & Environment Editor
Published: Independent, 28th February 2010
Nigeria loses a staggering N900 billion yearly in capital flight from foreign skilled labourers, it has been revealed....More
FERMA To Reconstruct Ijora Causeway
By Dada Jackson, Senior Correspondent, Lagos
Published: Independent, 14th February 2010
Managing Director of the Federal Roads Maintenance Agency (FERMA), Mr. Kabiru Abdullahi, has ordered the immediate reconstruction of the Ijora Causeway in Lagos....More
Pollution Threat From Sand, Oil Exploration Looms For Ethiope River
By Michael Simire, Property & Environment Editor
Published: Independent, 14th February 2010
It is one of the few existing unpolluted water bodies in the oil-rich but restive Niger Delta region in Southern Nigeria. The clean, clear water of the Ethiope River has over the decades become the source of drinking water for inhabitants along its course....More
Jubilee-Life Delivers, Plans Seven Housing Estates
By Michael Simire, Property & Environment Editor
Published: Independent, 7th February 2010
Mortgage lending outfit, Messrs. Jubilee-Life Savings and Loans Limited, has disclosed that finishing touches are being put on three out of its seven real estate development schemes that are dotting three states and Abuja, the Federal Capital Territory (FCT)....More
Sierra Leone: Expanding Use Of Clean, Renewable Energy Sources
Published: Independent, 7th February 2010
Sierra Leone like most of the world is experiencing a change in its climate resulting in extreme weather events such as storms, floods and droughts with adverse impacts on the socio-economic fabric of the country....More
Kenya: $25b Green Energy Production Initiative Underway
Published: Independent, 7th February 2010
We are gathered in Copenhagen at a time when a majority of our people is hopeful that we can strike a deal that will save our planet from further adverse effects of climate change....More
Expert Seeks Resident Planner For Every Town
By Dada Jackson, Senior Correspondent, Lagos
Published: Independent, 24th January 2010
To initiate a turn-around in the current state of things and ensure that cities develop in an orderly manner, a Lagos-based settlement development practitioner has said that every semi-urban and urban centre in the country should be assigned a resident planning consultant....More
FERMA Chairman Gives Ultimatum To Contractors
By Emmanuel Badejo
Published: Independent, 24th January 2010
Chairman of the Federal Roads Maintenance Agency (FERMA) Governing Board, Mr. Abdulkhadir Kure, has warned all contractors executing FERMA’s ongoing road maintenance projects nationwide to redouble their efforts to achieve set targets or be prepared to have their contracts terminated....More
ODSG Unveils N1.5b Events Centre
By Dada Jackson, Senior Correspondent, Lagos
Published: Independent, 17th January 2010
In its determined drive to boost tourism and attract more investors to the state, the Ondo State Government last Monday performed the ground breaking ceremony of a N1.5 billion International Cultural and Events Centre (The Dome) at Alagbaka, Akure.The project, which is expected to be completed in five months, sits atop a 34-hectare land space....More
Make Mass Housing Top Priority This Year - Stakeholders
By Dada Jackson , Senior Correspondent, Lagos
Published: Independent, 10th January 2010
One of the cardinal points of President Umaru Yar’Adua’s Seven Point Agenda (SPA) is the provision of housing for the masses at affordable cost....More
Lagos tasks surveyors on professional practice, reform agenda
By Emmanuel Badejo
Published: Guardian, 21st December 2009
AMIDST developmental efforts currently undertaken by the Lagos State Government to rid the metropolis of crises that often attend management of land, the state at the weekend called on members of Nigerian Institution of Surveyors (NIS) to shore up in its responsibility of preventing quackery within the profession....More
Allotees battle Lagos, council over Alaba market property demolition
By Emmanuel Badejo
Published: Guardian, 21st December 2009
ALLEGING foul play, about 120 allotees of lock-up shops at popular Alaba International Market, Ojo Local Government Area, Lagos, are up in arms against Lagos State Government and the council over demolition of their property, without due process....More
Spring Mortgage Unveils Luxury Homes At Beachview Estate
Stories by Dada Jackson , Senior Correspondent, Lagos
Published: Independent, 13th December 2009
In a bid to satisfy the yearnings of Nigerians who are desirous of having luxury homes in serene environment, one of Nigeria’s leading mortgage firms, Spring Mortgage, has unveiled 10-unit semi-detached four-bedroom duplexes at Beachview Estate, Igbo-Efon along Lekki-Epe Expressway.....More
Mega City Project: Works Ministry, LAWMA Chart Way Forward
By Dada Jackson and Bamidele Ogunwusi
Published: Independent, 6th December 2009
The Lagos State Government has once again reiterated its commitment towards ensuring rapid urbanisation of the state through infrastructure upgrade and provision of new ones....More
How Facilities Management Can Address Infrastructure Decay - Adedeji
Published: Independent, 6th December 2009
The managing consultant and chief executive of Afolabi Adedeji & Associates (AA&A), Afolabi Adedeji, takes a broad look at the subject of infrastructure provision and its close link(s) with national development, wealth creation and the enjoyment of quality life by the people....More
Architects, engineers partner firm on project delivery
By Tunde Alao
Published: Guardian, 7th December 2009
PROFESSSIONALS in the building sector have explored ways by which to put pressure on policy makers to facilitate durable project execution by contractors, at a forum held with international consultants last week....More
Govt plans mortgage liquidity firm to support PMIs
From Nkechi Onyedika, Abuja
Published: Guardian, 30th November 2009
UNDER fresh efforts to reform the housing finance sub-sector and revitalize the operations of mortgage institutions in the country, the Federal Government may soon establish a Mortgage Refinance/Liquidity Company (MRC), as a Special Purpose Vehicle (SPV) to serve specialized second-tier institutions and provide both short-term liquidity and long term funding to mortgage originators and housing finance lenders in the country....More
Nigeria Achieves Ozone Phase-out Ahead Deadline
By Michael Simire , Property & Environment Editor
Published: Independent, 28th November 2009
A number of reasons have been attributed to why Nigeria was able to achieve the phase-out (or zero consumption) of ozone depleting substances (ODS) several years ahead of the official deadline....More
FHA Plans 25,000-unit Abuja New Town
By Michael Simire , Property & Environment Editor
Published: Independent, 22nd November 2009
Amid the euphoria that greeted the unveiling of the 240-unit Lugbe Extension Estate by the Works, Housing & Urban Development Minister of State, Mrs. Grace Ekpiwhre, last week in Abuja, the Federal Housing Authority (FHA) has disclosed plans for an even bigger scheme....More
New Home For Professional Bodies
By Michael Simire , Property & Environment Editor
Published: Independent, 15th November 2009
Professional regulatory bodies in the construction industry will soon be accommodated under a single roof, courtesy of a gesture by the Federal Ministry of Works, Housing & Urban Development. But government may be courting trouble as not all are invited....More
Court examines ownership dispute over Lagos industrial scheme
By Michael Simire , Property & Environment Editor
Published: Independent, 8th November 2009
Prospects are indeed bleak for the nation’s mortgage sector, despite a range of sweet-sounding reforms put in place in recent years.....More
Village Excision, Promise Fulfilled - Ogun
By Michael Simire, Property & Environment Editor
Published: Independent, 8th November 2009
Ogun State Government has described its decision to release some landed properties previously acquired from some communities as the fulfillment of promises to return such assets to original owners..
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Supporting Global Agenda Via Land Governance
Published: Independent, 8th November 2009
President of the International Federation of Surveyors (FIG), Prof. Stig Enemark, explores the linkage between land governance, land reform and climate change adaptation.....More
Court examines ownership dispute over Lagos industrial scheme
By Emmanuel Badejo
Published: Guardian, 2nd November 2009
TWENTY-EIGHT years after Lagos State government acquired a vast landed property for industrial purposes within Awori, Ajeromi, Apapa in Badagry, controversies over ownership tussle are yet to be abated as two firms are presently making strenuous claims to convince a state court that a fraction of the property is its own.....More
Ogun adopts GIS, manual land titles to expire next year
By Tunde Alao
Published: Guardian, 2nd November 2009
TO ensure that people in all parts of Ogun State have access to the GIS technology for new certificates of occupancy (C-of-O), title recertification, title registration, title transfer and other forms of land transactions, the state Bureau of Lands and Survey (BLS) has set up community-based structures in each local government to build awareness and facilitate acceptance of GIS-based documents in all land transactions..
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LCC Overhauls Lekki Road Roundabout
By Michael Simire , Houses & Homes Editor
Published: Independent, 1st November 2009
Motorists plying the Lekki-Epe Expressway have been asked to exercise patience in the light of a diversion at the First Roundabout, following ongoing upgrading works in the area. They are now to make use of the Second Roundabout till next February, when the detour would be cancelled....More
Developer picks estate firms for N10b cooperative housing scheme
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 26th October 2009
THREE estate surveying firms are leading the marketing of a major housing initiative, which is to provide 1005 housing units in Abijo government reservation area (GRA), along the Lekki-Epe Expresswa.....More
Lekki allottees get ultimatum over undeveloped plots
By Tunde Alao
Published: Guardian, 26th October 2009
THE Lagos authorities have expressed deep concern over large-scale encroachment and contravention on its landed property after several warnings, saying that such acts have continued to deprive genuine developers the opportunity of getting land in the state..
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MTN Foundation Completes N117m Karu Estate
By Bamidele Ogunwusi, Correspondent
Published: Independent, 25th October 2009
The MTN Foundation (MTNF), the corporate social investment vehicle of telecommunications company, MTN, has handed over 100 housing units built for low income earners in Karu, Nasarawa State, to Habitat for Humanity (HFH) for management....More
Mixed reactions greet Lagos' review of building permits process
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 19th October 2009
FOLLOWING the change in policy thrust by Lagos State authorities that decentralised the issuance of development permits and halted the requirement for mandatory use of Certificate of Occupancy (C-of-O) document for processing building plan approvals, professionals in the building and environment sector have received the decision with mixed feelings....More
Turn to property for revenue, estate surveyors urge govt
From Isa Abdulsalami, Jos
Published: Guardian, 19th October 2009
PRESIDENT of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Chief Emeka Onuorah, has faulted the country's reliance on the oil economy for its survival. He said Nigeria is a nation blessed with many resources but has unfortunately decided to exploit only one..
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EU To Make 15m Buildings Eco-friendly
By Michael Simire , Houses & Homes Editor
Published: Independent, 19th October 2009
The EU Commission is about to launch a European Building Initiative by which it aims to stimulate a major eco-friendly renovation of 15 million buildings during the next decade....More
African Real Estate Society meets in Lagos
Published: Guardian, 12th October 2009
REAL Estate professionals the world over will be joining their colleagues across Africa under the umbrella of the African Real Estate Society at the 9th African Real Estate Society Conference in Lagos. The conference holds from October 24
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Firm Showcases 'Commits To Locally -made Furniture
By Kunle Ajayi Senior Photojournalist
Published: Independent, 12th October 2009
Local furniture maker and interior design expert 'Interior Options (IO) 'has reiterated its commitment to the development and uplift of made -in -Nigeria furniture. The days of going to abroad before getting good home and office furniture and interior designs are over 'assured company Managing Director 'Mrs. Muni Shonibare 'during the company 's 2009 Open Day that held penultimate Saturday in Lagos..
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Housing: FMBN Sources $1.5b HSBC Facility
By Michael Simire Houses & Homes Editor
Published: Independent, 12th October 2009
The Federal Government has given its consent and approval to ongoing negotiations between the Federal Mortgage Bank of Nigeria (FMBN) and HSBC Bank to source one $1.5 billion (about N225 billion) from the International Capital Market through Euro medium to long term issuance facility..
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Lagos developer, others in N2b Alcove Homes project
By Emmanuel Badejo
Published: Guardian, 5th October 2009
A NEW housing project that will comprise 88 housing units - the baby consortium of professionals - has taken-off with preliminary works involving site clearing and sand-filling in the Yaba area of Lagos mainland..
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Lagos to award contract for comprehensive regional plan
By Chinedu Uwaegbulam
Published: Guardian, 5th October 2009
AMID current activities to boost development control efficiency, the Lagos authorities have begun screening of tender documents to pick firms that would pilot the state's premier comprehensive regional plan, which is hoped would usher in orderly physical development in the state..
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Developer unveils N16.3b Churchgate Towers II V.I. office complex
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 5th October 2009
BRUSHING aside the global financial crunch and its impact on the real estate sub-sector, a frontline player in Nigeria's real estate development sector at the weekend announced the partial completion of its multi-billion naira high-rise building on Victoria Island, Lagos..
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Propertymart, Others List Achievements At Mowe -Ofada
By Michael Simire , Houses & Homes Editor
Published: Independent, 28th September 2009
A HANDFUL of developers in the fast -growing Mowe -Ofada -Papalanto neighbourhood in Ogun State appear to be making appreciable strides, even as controversy continues to surround the spate and authenticity of real estate development initiatives in the axis..
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N2b Lekki Green City Estate Unveiled
By Dada Jackson , Senior Correspondent, Lagos
Published: Independent, 28th September 2009
THE FAST developing Mowe/Ofada axis in Ogun State has added another development to its growing list following the unveiling of "Green City Estate," a residential scheme estimated to gulp about N2 billion..
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Apex Mortgage House In N17b Recapitalisation Bid
By Michael Simire , Houses & Homes Editor
Published: Independent, 28th September 2009
THE FEDERAL Mortgage Bank of Nigeria (FMBN) has concluded plans to raise additional N17 billion through the floating of bond to deliver homes to needy Nigerians. The new issue would be overseen by the Security Issuance and Market Development Department, a new unit created in furtherance of restructuring of the organisation..
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FG Demands Speedy Work Completion On Housing Schemes
By Michael Simire , Houses & Homes Editor
Published: Independent, 21st September 2009
THE FEDERAL Government has appealed to contractors handling housing and road projects in the country to ensure timely completion and delivery of their projects..
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CMB, firm sign contract on Pearl Nuga Estate project
Published: Guardian, 21st September 2009
LAGOS-BASED CMB Building Maintenance and Investment Company Limited (CMB) has signed a developer's deed with the firm of R&B Nigeria Limited for the development of a five-hectare parcel of land in Sangotedo, Ajah..
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Govt, UNDP, NGOs seal pact on Nigeria's climate change action plan
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 21st September 2009
A MAJOR stride towards stepping up Nigeria's fight against global climate change was recorded at the weekend in Abuja, with the coming together of four key climate players in the country to endorse a Memorandum of Understanding (MOU) for the development of the nation's National Adaptation Strategy and Plan of Action..
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Jitters hit mortgage operators, depositors over CBN clampdown
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 14th September 2009
MORTGAGE operators and their customers, notably loan defaulters, have been gripped by a state of restlessness over the possible backlash of the recent sweeping changes in the banking sector on Primary Mortgage Institutions (PMIs)..
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Work As A Team, Ovesuor Urges Industry Professionals
By Dada Jackson , Senior Correspondent, Lagos
Published: Independent, 14th September 2009
THE NEED for professionals in the built environment to network has been emphasised, just as a call for their involvement by government in major contracts in the country was canvassed..
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Residents Protest Parkview Estate Contraventions
By Michael Simire , Houses & Homes Editor
Published: Independent, 7th September 2009
ALL is not well in highbrow Parkview Estate in Ikoyi in Lagos, where a spate of unwholesome physical development projects seems to be turning the supposedly exclusive residential scheme on its head..
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Quantity surveyors stall exams as chapters wade into crisis
By Chinedu Uwaegbulam
Published: Guardian, 7th September 2009
IT's not yet uhuru for the quantity surveyors who after their national conference last year have been on dagger drawn among themselves in their quest to correct an alleged anomaly in the election process on one side and adhere to status quo in promoting good leadership on the other hand..
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FG Commended Over Multinational Road Contract Award
Published: Independent, 7th September 2009
Governor of Ebonyi State, Chief Martin N. Elechi, has commended the Federal Government for awarding the contract for the Abakaliki-Mbok (Ogoja Junction) Road as part of the recently awarded Bamenda (Cameroun) to Mamfe-Abakaliki-Enugu Multinational Highway programme..
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Atunrase Carpet, Redeemed Church tango over Federal govt's landed property
By Emmanuel Badejo
Published: Guardian, 7th September 2009
CONTROVERSY has continued to trail a Federal Government's landed property located along Lagos - Ibadan corridor as two groups, laying claim to the property are at the moment in each other's jugular over right of use of the vacant landed property.
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Developer picks five contractors for N10b Lagos lifestyle estate
By Chinedu Uwaegbulam
Published: Guardian, 31st August 2009
PLANS are afloat by a property development firm to begin construction of a N10 billion estate along the Lekki-Epe corridor, which will provide residential accommodation to the upper medium class of the society..
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Landowners seek stakes in Lagos airport project
By Tunde Alao
Published: Guardian, 31st August 2009
AHEAD of the plans to kick-start the proposed Lagos government-owned international airport project, landowners of the affected areas are urging the state authorities to include them as part owners of the entire project to forestall the possibility of diverting the would-be acquired land for private purposes..
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100,000 Homes Underway In Fresh FHA Initiative
By Michael Simire ,Houses & Homes Editor
Published: Independent, 31st August 2009
The Federal Housing Authority (FHA) is to deliver over 100,000 housing units nationwide over the next four years under a renewed mandate given to it by the Federal Government to promote sustainable mass housing in the country.
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LASG Set To Demolish 38 Buildings
By Dada Jackson, Senior Correspondent, Lagos
Published: Independent, 24th August 2009
In a bid to avert the collapse of structurally defective buildings in the Lagos metropolis, the Lagos Sate Government has directed that 38 buildings at the Adeniji Adele Housing Estate, Lagos Island, found to be defective, should be demolished without further delay..
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Federal staff appeal court's verdict over sale of 1004 Estate
By Emmanuel Badejo
Published: Guardian, 24th August 2009
FFORMER residents of one of the nation's premier residential estates, once owned by the Federal Government - the 1004 Estate on Victoria Island, Lagos - have filed an appeal contesting a decision of the Federal High Court, which some months ago, said it lacked jurisdiction to entertain their case against the sale of the property..
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Otedola's firm unveils Lagos headquarters, Zenon Place
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 24th August 2009
DEVELOPERS of the multi-million naira architectural showpiece on Walter Carrington Crescent, Victoria Island, Lagos, christened Zenon Place at the weekend unveiled the edifice to the public at a grand event chaired by the Vice President, Dr. Goodluck Jonathan..
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Property owners protest Orile-Badagry road compensation, relocation plans
By Tunde Alao
Published: Guardian, 17th August 2009
PROPERTY owners affected by the on-going demolition of structures along the route of the Orile Badagry expressway project are up in arms over complaints relating to compensation and their possible relocation to other locations..
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Due process essential to curb quacks, says Lagos NIA
By Tunde Alao
Published: Guardian, 17th August 2009
WORRIED by the persistent problems associated with the activities of quacks in the building and construction industry, the Lagos chapter of the Nigerian Institute of Architects (NIA), has blamed the development on "the lackadaisical attitudes of government officials towards scrutiny of documents submitted to their offices before approval.".
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Courts nullify controversial judgments over Sterling Assurance Lagos property
By Emmanuel Badejo
Published: Guardian, 10th August 2009
FOLLOWING controversy surrounding a Lagos property, allegedly owned by Sterling Assurance Nigeria Limited, which judgments were obtained in error, a Lagos High Court and another Magistrate Court have nullified the two courts' verdicts, which were in favour of the insurance company..
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Business, Residential Complexes Transform Onitsha
By Chukwujekwu Ilozue Reporter, Onitsha
Published: Independent, 10th August 2009
Prior to the inauguration of the Onitsha Business Park (OBP) in February 2008, the town was more of a city of traders, with people coming from all parts of Africa to buy and sell but rarely residing and investing there. The city was also notorious with the prevalence of criminals..
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Developer unveils Ikorodu Spring Estate
By Tunde Alao
Published: Guardian, 10th August 2009
AN indigenous real estate developer, Spring Estate Nigeria Plc, is developing a housing estate in Ikorodu area of Lagos State..
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Africa's Tallest Building Planned For TBS
By Michael Simire, Houses & Homes Editor
Published: Independent, 3rd August 2009
A 65-storey mixed-use edifice touted to be the tallest building on the African continent is set to grace the beleaguered Lagos skyline..
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FCTA opens bid for design of Abuja City Gate
From Terhemba Daka, Abuja
Published: Guardian, 3rd August 2009
THE Federal Capital Territory Administration (FCTA) last week began the process for the relocation and reconstruction of the Abuja City Gate with the opening of bids for the re-design of the gate..
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LASEPA shuts firms, churches over environmental offences
By Tunde Alao
Published: Guardian, 3rd August 2009
LAGOS government officials last week sealed-off two industrial companies, one petrol filling station and two churches for various environmental offences, under a new drive to enforce waste and noise pollution regulations in the city..
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Presidential Mandate On Housing: We Are On Course - Minister
By Dada Jackson ,Senior Correspondent, Lagos
Published: Independent, 27th July 2009
Minister of State in the Federal Ministry of Works, Housing and Urban Development, Mrs. Grace Ekpiwhre, has said that the presidential mandate to her ministry to provide one million housing units before the end of the life of the present administration is very feasible..
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Re-certification: Ogun Issues Securitised C-of-Os
By Michael Simire,Houses & Homes Editor
Published: Independent, 20th July 2009
The Ogun State Government has flagged-off the re-certification of land tittles in the state. The re-certification process, which is being implemented by the state,s Bureau of Lands and Survey (BLS), came into force a week ago. The BLS is in charge of land matters in the state..
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World Bank pledges support to Nigerian climate investors
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 20th July 2009
AGAINST declining investments in he light of the global economic depression, the World Bank is urging Nigerian organised private sector to go green and tap into a new chain of opportunities available in the carbon market and Clean Development Mechanism (CDM)..
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Court orders N500m bank guarantee over Lagos MOD property dispute
By Emmanuel Badejo
Published: Guardian, 20th July 2009
ALAGOS High Court has ordered the Federal Government through the Ministers of Justice and of Environment, Housing and Urban Development to obtain within 21 days a bank guarantee, which would cover a N500 million judgment sum in a renewed tussle over the 12-storey former Ministry of Defence (MOD) building on Lagos Island..
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Court resolves ownership, reverses revocation of Abuja property title
By Emmanuel Badejo
Published: Guardian, 13th July 2009
FAILING to find merit in the argument put up by Federal Capital Development Authority (FCDA) and the Federal Capital Territory Minister, an Abuja High Court has declared null and void the purported revocation of a property located within the neighborhood of Aso Rock Presidential Villa, Abuja..
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Engineers, others urge multi-disciplinary strategies to curb building collapse
By Emmanuel Badejo
Published: Guardian, 13th July 2009
OPERATIVES within and outside the building sector industry who gathered recently in Lagos to review current approaches to curbing structural failures, most of which result into collapse of buildings, loss of lives and properties, have concluded that the dream of stopping the menace will remain a farce unless all stakeholders - private and public institutions and individuals, such as developers and investors - effectively play their roles...
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Nigeria, other Africa property markets, named toast of foreign investors
By Chinedu Uwaegbulam with agency reports
Published: Guardian, 29th June 2009
WITH the global economic meltdown yet to show appreciable signs of abating, the property markets in Nigeria and other African nations are being tipped to be the emerging safe havens for international investors in real estate..
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Developers Offer Serviced Plots At Meadowsville Park
Dada Jackson Senior Correspondent, Lagos
Published: Independent, 29th June 2009
Plots of land in Meadowsville Park Estate located in Akure, Ondo State, are now up for grabs, going by the words of the project promoters..
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Lagos court to unravel 'C-of-O' controversy on Maiyegun Beach land
By Emmanuel Badejo
Published: Guardian, 29th June 2009
AMID continued controversy over a transaction that led to the change of ownership of Maiyegun Beach in Lagos, the state government has finally gone to court with a view to unraveling an emerging controversy over alleged duplication of Certificates of Occupancy (C-of-Os) on the same parcel of land..
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Stakeholders lament sand digging, dredging impact on Lagos environment
By Tunde Alao
Published: Guardian, 22nd June 2009
A GRIM picture of the impacts of sand mining/dredging on the coastal areas of Lagos was painted last week at a workshop organised by the Lagos Environmental Protection Agency (LASEPA), in collaboration with a private firm, Multiple Development Services..
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WEMABOD moves against meltdown, retools for profitability
By Emmanuel Badejo
Published: Guardian, 22nd June 2009
PROPERTY development company, WEMABOD Estates Limited, has fashioned out fresh plans to commence exploring one of the core areas of the firm's original operational goals - property trading, with a view to checking the effects of the global economic meltdown in the country..
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Lagos NITP protests multiple taxation in real estate projects
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 22nd June 2009
New Managing Director/Chief Executive Officer of the Federal Housing Authority (FHA), Mr. Terver Gemade, has assumed office with a pledge to aggressively pursue housing delivery in all parts of the country using the Public-Private Partnership (PPP) platform...
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How Lagos Was Transformed, By Fashola
By Michael Simire Houses & Homes Editor
Published: Independent, 8th June 2009
The implementation of the innovative Bus Rapid Transit (BRT) Lite System that ferries passengers in high-capacity buses on dedicated bus lanes has been a major accomplishment within the past couple of two years, Lagos State Governor, Babatunde Raji Fashola, has said..
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Mortgage sector concerns for Vision 20:2020, new CBN gov, by operators
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 8th June 2009
Faced with the challenge of developing sustainable housing and mortgage finance system, mortgage sector operatives are canvassing for reform that will alleviate some of the burdens of inadequate affordable housing supply and boost mortgage assets..
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Aggressive Housing Delivery Coming, Promises FHA Boss
Published: Independent, 1st June 2009
New Managing Director/Chief Executive Officer of the Federal Housing Authority (FHA), Mr. Terver Gemade, has assumed office with a pledge to aggressively pursue housing delivery in all parts of the country using the Public-Private Partnership (PPP) platform...
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Estate surveyors plan overhaul of consultancy practice
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, 25th May 2009
FOLLOWING the recent change in the ranks of the estate surveyors and valuers leadership, indications emerged at the weekend that the Nigerian Institution of Estate Surveyors and Valuers (NIESV) may overhaul its consultancy practice and set a template that would encourage professional firms to embark on business diversification..
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Investors toast CMB’s housing estates
By Akinpelu Dada
Punch, 25th May 2009
A real estate development firm, CMB Building Maintenance & Investment Company Limited, has unfolded an array of choice property portfolios to the investing public....More
N140bn Contracts: FG Mobilises Firms With N21b
By Michael Simire, Houses & Homes Editor
Published: Independent, 25th May 2009
President Umaru Musa Yar' Adua has approved the release of 15 per cent of the contract sums to each of the 34 contractors as mobilisation fee to build and rehabilitate a handful of federal roads nationwide..
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Engineers seek role in Lagos megacity transport project
By Tunde Alao
Published: Guardian, 25th May 2009
M EMBERS of the Nigerian Academy of Engineers (NAE) have urged the Lagos authorities to involve indigenous professionals in the on-going integrated transport system to enable them acquire new technology....More
Institute, universities partner on environmental database
Published: Guardian, 18th May 2009
THE Institute of Environmental Accountants of Nigeria (IEA) and three Nigerian universities have begun moves to develop an environmental database for the country..
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Lagos to compel landlords to paint structures on highways
By Akinpelu Dada
Punch, 18th May 2009
Property owners whose structures are on major highways in Lagos State are now required to put them in good shape by regularly applying coats of paints on them in order to complement the government‘s environmental beautification programme....More
Lagos Land Use Charge targets N3bn revenue amidst controversy
By Akinpelu Dada
Published: Punch, 18th May 2009
Despite the controversy trailing the introduction and implementation of the Land Use Charge Law by the Lagos State Government, it has contributed over N1bn into the government‘s coffer in the last one year from a target of N500m..
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Nobel Carpets Launches Trendz Rug Collection
By Bamidele Ogunwusi, Correspondent, Lagos
Published: Independent, 18th May 2009
As part of efforts to establish the Nobel brand for carpets and rug requirements in Nigeria, Lucky Fibres Plc has added a new range of products to existing ones....More
New Lagos Model City Law Compounds Federal Secretariat Crisis
By Michael Simire, Houses & Homes Editor
Published: Independent, 11th May 2009
A bill signed into law last week by Governor Raji Babatunde Fashola of Lagos providing for the establishment of the state's Model City Development Authority (MCDA) may have delivered the death knell for the planned transformation of the Federal Secretariat Complex in Ikoyi by private developers..
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Govt ratifies deployment of works, housing controllers
Published: Guardian, 11th May 2009
THE Minister of Works, Housing and Urban Development, Dr. Hassan Muhammad Lawal, has approved the posting of 37 Directorate Level Officers in the Ministry as Federal Controllers of Works, Housing and Urban Development to the 36 States of the Federation and the Federal Capital Territory (FCT).
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FG to resume repair of Third Mainland, Eko bridges
By Dayo Oketola
Punch, 11th May 2009
The Federal Controller of Works, Housing and Urban Development, Lagos, Mr. Tunde Ekunsumi has said that the Federal Government will soon resume another round of repair works on the Third Mainland Bridge, Eko and other bridges in Lagos...More
Experts, following climate study, propose Ogun coastal area authority
By Chinedu Uwaegbulam Assistant Housing & Environment Editor
Published: Guardian, 11th May 2009
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FTER adopting key policy prescriptions to aid adaptation to climate change, a meeting of top-level policy makers in Ogun State has canvassed the establishment of a Coastal Area Development Authority (CADA) to oversee development of tourist potentials and chart a course of action to mitigate the impacts of climate change on the coastal communities..
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Lagos faces threat of more building collapse
By Emeka Ezekiel
Published: Punch, Monday, 11th May 2009
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here are strong indications that Lagos State may record more building collapse following revelations by the Nigerian Institute of Building and the Lagos State Physical Planning and Development that many buildings in the state have structural defects..
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Mimiko seeks partnership with Union Homes on housing
By Akinpelu Dada
Punch, 11th May 2009
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he Ondo State Governor, Dr. Olusegun Mimiko, has invited Union Homes Savings and Loans Plc to partner with the government in the execution of shelter-related projects, which will deliver mass durable and affordable housing stock for the citizens of the state
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Govt to transform Lagos into ‘huge construction site’
By Akinpelu Dada
Published: Punch, 4th MAy 2009
In line with Governor Babatunde Fashola’s avowed commitment to rapid development of infrastructure, the many physical projects going on in Lagos have turned the state into a "huge construction site.".
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Minister inaugurates Amorit Estate, pledges support to developers
By Akinpelu Dada
Published: Punch, 4th May 2009
The Federal Government has pledged support to private estate developers by creating conducive environment for the provision of affordable housing..
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Mende Villas Offers New Vista In Home Ownership At Maryland
By Michael Simire, Houses & Homes Editor
Independent, 4th May 2009
Nigerians seeking quality housing in the bustling Lagos metropolis may have been handed a unique opportunity, courtesy of a scheme sprouting at Mende in Maryland at Ikeja. On a three-acre expanse of land off Olatunde Sanni Crescent, Lagos-based firm of developers, Messrs. Legrande Engineering Services Limited (LESL), is putting up "Mende Villas," where work commenced last September and the first set of houses are scheduled for delivery in July..
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Temporary homes coming for displaced residents under Lagos redevelopment plans
By Tunde Alao
Published: Guardian, 20th April 2009
Apparently anticipating the likely dislocation of people to make way for reconstruction projects, the state authorities have opted to build facilities to accommodate affected persons while the projects are underway, pending the time they would find permanent accommodation or be moved back into the completed schemes as the case may be..
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Valuers Seek Land Reforms To Jump-start Development
By Michael Simire Houses & Homes Editor
Published: Independent, Monday, 20th April 2009
The much-criticised Land Use Act (LUA) will once again be under scrutiny as professional estate surveyors and valuers gather yet again for another round of stocktaking this week in Awka, the Anambra State capital..
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Festac Town loses glory to neglect, degradation
By Akinpelu Dada
Punch, 20th April 2009
When the Federal Government conceived the idea of building a community to accommodate participants at the Festival of Black Arts and Culture in 1977 in Lagos, it had lofty ideas.
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Obstacles Mount Against Lekki Infrastructure Project
By Bamidele Ogunwusi Correspondent, Lagos
Published: Independent, 30th March 2009
Stakeholders in the Lekki-Epe Corridor have expressed displeasure at the inability of Lagos State Government to carry them along with the process of upgrading infrastructure along the corridor under the Lekki Infrastructure Project (LIP), a project being executed by the Lekki Concession Company (LCC).
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Lagos commissions Simpson plant, to get new waste transfer stations
By Tunde Alao
Published: Guardian, Monday, 30th March 2009
THE Lagos State Government has commenced the construction of two additional transfer loading and equipment (TLSE) projects. The projects commenced last week following the commissioning of the Simpson station, in Oke Suna area of Lagos Island on the instruction of the state governor, Mr. Babatunde Fashola. The new stations are to be sited at Oshodi, near the Nigerian Army Resettlement Centre, (NARC), and at the Ogombo area of Lekki peninsular..
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Lagos unveils Ikeja Model City Plan
By Akinpelu Dada
Punch, 30th March 2009
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he Lagos State Government has unfolded plans to prepare Ikeja for the challenges of a mega city by endorsing a development guide for its transformation into an enviable capital city.
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Social Housing: Experts Canvass Robust Housing Schemes, PPP Initiative
By Dada Jackson and Bamidele Ogunwusi
Published: Independent, 16th March 2009
One of the continuing challenges posed by urbanisation in developing countries, including Nigeria, is the provision of adequate and affordable housing. Over the last three decades, Nigeria, like several developing countries, has emphasised public housing schemes, but with little success.
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Home & Office expo: Nigerians urged to look inwards
By Akinpelu Dada
Published: Punch, Monday, 16th March 2009
The global economic crisis ravaging economies of the world presents an opportunity for Nigerian entrepreneurs, especially those in the building construction and furnishing sectors to be creative and embrace locally sourced materials..
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Ogun holds land forum for real estate development
By Akinpelu Dada
Punch, 16th March 2009
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xperts in land management and other stakeholders will have the opportunity to brainstorm with a view to evolving strategies for optimal development of the land resources of Ogun State when they converge on the Valley View Auditorium, Isale Igbehin, Abeokuta, on Thursday, March 26, for the 1st Gateway Lands Forum.
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Guinness offers Ikeja brewery at N6bn reserve price
By Rasheed Bisiriyu
Published: Punch, 2nd March 2009
The Oba Akran industrial site of Guinness Nigeria Plc in Ikeja is being put up for sale more than 40 years after the factory was opened for production.
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2009 Home and Office exhibition
Published: Guardian, Monday, 2nd March 2009
THIS year's edition of the Home and Office Exhibition will hold in Lagos from March 12 to 14, the organisers, Messrs PR Distinction, have announced.
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Stakeholders task FG on housing delivery
By Our correspondent
Punch, 2nd March 2009
Stakeholders in the real estate sector have called on the Federal Government on energise policies that would improve housing delivery in the country.
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Take Cue From Obama's Housing Remedial Plan, Yar' Adua Urged
By Bamidele Ogunwusi Correspondent, Lagos (with agency reports)
Published: Independent, Monday, 23rd Feb 2009
President Umaru Yar' Adua has been asked to take a look at an innovation unveiled last week by the American leadership to save the country's crisis-ridden housing sector.
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FBN Mortgages launches estate projects in three cities
By Chinedu Uwaegbulam Published: Guardian, Monday, 23rd Feb 2009
FBN Mortgages Limited, a subsidiary of First Bank of Nigeria Plc has commenced the development of residential schemes for low and medium income earners in three cities.
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Police commissions N1.1b Ofada housing estate
By Tunde Alao
Guardian, 23rd Feb 2009
A HOUSING estate, exclusively constructed for the officials and men of the Nigerian Police was formally commissioned last week.
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Firms jostle for Nigerian investors, as Dubai property prices crash
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, Monday, 16th Feb 2009
WITH the global financial crisis tightening its grip on diverse sectors of the international economy, the property market in the tiny emirate of Dubai is witnessing a crash of real estate activity with falling housing prices and property shares.
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New Ogun blueprint seeks enhanced regional development
By Tunde Alao Published: Guardian, Monday, 16th Feb 2009
ADEVELOPMENT blueprint to guide the anticipated transformation of Ogun State into "one of the most developed and organised states in the federation" was launched last week, setting out key areas of focus for future projects.
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Developer launches N1.5b OGD/Sparklight Phase II Estate
Guardian, 16th Feb 2009
FOLLOWING the completion of its first phase of OGD/Sparklight Estate on the Lagos-Ibadan corridors, a private developer, Messrs Sparklight Property Development Company Limited has commenced the second set of the project, which is to provide residential accommodation to the high-income earners.
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Govt plans housing scheme for low income, non-salaried group
Published: Guardian, Monday, 9th Feb 2009
THE Federal Government has pledged to partner with state, local governments, Association of Housing Corporations of Nigeria and other agencies to provide affordable houses in decent and befitting neighbourhoods for low income and non-salaried groups.
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Ogun to redevelop expressway, commissions N2b housing estate
By Tunde Alao Published: Guardian, Monday, 9th Feb 2009
NEW plans for the redevelopment of the Lagos-Sagamu Expressway axis have been announced by the Ogun State government, which has confirmed the completion of 250 housing units at its OGD-Sparklight Housing Estate.
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Low-income Housing: FG To Collaborate With Stakeholders
By Michael Simire, Houses & Homes Editor
Independent, 9th Feb 2009
The Federal Government will partner with state and local governments, as well as the Association of Housing Corporations of Nigeria (AHCN) along with other relevant agencies to provide affordable houses in decent and befitting neighbourhoods for the low-income and non-salaried groups.
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Financial meltdown: Property value may fall in highbrow areas
By Rasheed Bisiriyu Published: Punch, Monday, 2nd Feb 2009
As Nigerians gradually come to terms with the realities of the global economic crunch, experts foresee a sharp drop in property prices in highbrow parts of the country.
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50 firms jostle for Lagos estate developers scheme
By Chinedu Uwaegbulam Published: Guardian, Monday, 2nd Feb 2009
Under renewed efforts to beef up the housing stock, the Lagos authorities have sealed a deal with 17 firms to pilot its public-private-partnership scheme. But town planners are cautioning against the cash and carry approach and urging a rethink of the blueprint to allow for low-income housing
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Ogun pays over N200m to land owners as compensation
Punch, 2nd Feb 2009
Over N200m has been paid by the Ogun State Government as compensations to various communities in the state for the lands it acquired for some development projects.
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Global Meltdown Heralds Hiccup In Housing Sector
Daily Independent Newspaper, 2nd Feb 2009
Contrary to earlier expectations, the local housing sector may have begun to show signs of a setback, no thanks to the economic meltdown that is currently ravaging the whole world.....More
EBS launches hybrid 'Panelized Building System' homes in Lagos
By Emmanuel Badejo
Published: Guardian, Monday, 26th Jan 2009
AN alternative construction technology that reduces the use of labour and cuts construction and maintenance costs is being marketed in Lagos, where the first of such buildings have been completed on Admiralty Way at the Lekki Phase 1 scheme......More
Real estate professionals, AfRES, donate books to institutions
By Emmanuel Badejo
Guardian, Monday, 26th Jan 2009
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NON GOVERNMENTAL organisation, African Real Estate Society (AfRES), has moved to uplift real estate education in Nigeria by distributing a total of 195 books to four tertiary institutions.....More
FCT pledges to curb land speculators
From Terhemba Daka, Abuja
Guardian, 26th Jan 2009
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HE Minister of State for the Federal Capital Territory (FCT), Chief Chuka Odom has decried the activities of land speculators in the city and disclosed that the new administration was about to "open our plans for the city."...More
Property boom: Ogun increases land charges
By Akinpelu Dada
Published: Punch, Monday, 19th Jan 2009
This appears to be a boom time for property development in Ogun State, and the government is set to cash in on the development to boost its dwindling internally generated revenue by increasing the cost of acquiring land and other land related charges.....More
Guinness Nigeria offers N6b Ikeja brewery site up for grabs
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Guardian, Monday, 19th Jan 2009
ONE of Nigeria's largest brewing firms, Guinness Nigeria Plc has opened a search for investors to buy its choice site in Ikeja that for close to 35 years was home to its flagship brands....More
Nigerian real estate professionals join AfRES
Punch, 19th Jan 2009
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esirous of tapping into the enormous opportunities that the African Real Estate Society has to offer, a group of practitioners in Nigeria has joined the organisation to promote networking, research and educational among property professionals....More
Delta sells Guinea House in Lagos for N500m
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Guardian, Monday, 19th Jan 2009
MORE than 24 months after it started seeking a new owner for its residential property on Marine Road, Apapa Lagos, the search drew to a close at the weekend for Delta State authorities, who picked a N500 million offer as the best bet for the 12 storey complex....More
Woobs, Army plan turbine facility for Lagos modern market
By Chinedu Uwaegbulam, Assistant Housing & Environment Editor
Published: Guardian, Monday, 12th Jan 2009
AMAJOR shift in the construction of markets in the country is in the offing, following ground breaking initiatives being promoted by investors who 18 months ago snapped an agreement with the Army authorities to redevelop the mammy market in Ikeja, Lagos into a modern complex....More
Developer flags off N6.2b Tulip housing estate
By Tunde Alao
Guardian, Monday, 12th Jan 2009
LAGOS-BASED real estate firm, Messrs. Tulip Health Limited has commenced the development of a housing estate on Lagos-Ogun corridor, worth N6.25 billion....More
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