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Monthly Archives: December 2017

Four states adopt NMRC’s draft mortgage foreclosure law

Hopes of realizing the mortgage-backed housing dream brightened recently, following the adoption of the Nigeria Mortgage Refinance Company (NMRC) pioneered draft model mortgage foreclosure law by four states in the country. The states that have executed the law, memorandum of understanding and technical assistance with

Ex-AMCON Chief, Others, Make Case for the Real Estate Sector

There is bright future and many opportunities through which the nation’s economy can be boosted in the real estate sector, experts have stated. A former Chief Executive Officer and Managing Director of Asset Management Corporation of Nigeria (AMCON), Mustafa Chike-Obi, who was one of those

Lagos Arraigns Property Developer Over Alleged Fraud

Lagos – The Lagos State Government,has arraigned a property developer, David Olumide Aderinokun and a staff of the New Town Development Authority (NTDA), Balogun Adeniyi Abdul-Wakil before an Igbosere Magistrate Court over alleged conspiracy, forgery, stealing and property fraud on parcels of land in Lekki

Police contributes N10bn to national housing fund – IGP Idris

The Nigeria Police Force has revealed that it had contributed over N10 billion in remittances to the National Housing Fund since the inception of the scheme. The Inspector-General of Police, Mr Ibrahim Idris, made the disclosure at the inauguration of the Nigeria Police Mortgage Bank

Association Tells LASG To Decentralise Town Planning

The Association of Town Planning Consultants of Nigeria (ATOPCON), Lagos State Chapter, has called on the state government to decentralise town planning by involving local governments. The ATOPCON President, Mr Olaide Afolabi, made the call in Lagos on Thursday. Afolabi said that it had become

NSIA Plans Massive Investment In Infrastructure

The Nigeria Sovereign Investment Authority on Wednesday said it was planning to invest massively in the Nigerian Infrastructure Debt Fund being managed by Chapel Hill Denham Nigeria. The NSIA said this in a statement issued in Abuja and signed by its Communications Adviser, Mr. Titilope

Lagos-Ibadan road: FG considers increasing scope of work to N300bn

Members of the Federal Executive Council, on Wednesday, embarked on a marathon meeting that saw them approving contracts totalling about N960bn. The contracts cut across different sectors such as road, aviation, education and transport, among others. After many hours, the meeting, which started at 11am,

Abuja mansion: You’re chasing shadows, Mark tells EFCC

Immediate past Senate President, David Mark, has described the allegation by the Economic and Financial Crimes Commission that he purchased his house in Apo Legislative Quarters Abuja illegally as “spurious, contrived and baseless.” Mark, in a statement on Tuesday by his Media Assistant, Mr. Paul

Lagos Moves Against Fraudulent Practices In Real Estate Sector

The Lagos State Government has vowed to prosecute any real estate agent caught indulging in fraudulent practices as government will no longer tolerate sharp and unwholesome practices in the sector. Commissioner for Housing, Prince Gbolahan Lawal made the vow on Tuesday at the second edition

FHA Staff Association Begins 3-Day Warning Strike

The Federal Housing Authority (FHA) staff under Senior Staff Association of Statutory Corporations and Government Owned Companies, on Monday, began a three-day warning strike over FHA’s refusal to conduct promotion interviews since 2011. The General Secretary of the union, Mr Ayo Olorunfemi said in Abuja,

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