News

NewsMar 19, 2014

Regulating "Estate Agents" in Nigeria

The Lagos State Government enacted a Tenancy Law a while ago. Tenants in the State saw this as a step in the right direction. From all indications, it appears the frenzy has fizzled out and it is business as usual again. This made me to pen an article titled, "is the Lagos Tenancy Law a Paper-Tiger?". Nigeria is no doubt awash with laws, we are not lacking in them. We should endeavor to make the laws enforceable.

D Don Okereke 3 min read

NewsMar 17, 2014

Ogun State Homeowners Charter Scheme Highly Subscribed, Ends March 31st

We wrote a while ago that the Ogun State government recently introduced a scheme tagged, "Ogun State Homeowners Charter" which is aimed at regularizing Property Titles in Ogun State. The exercise was initially billed to end on February 28 but has been extended to March 31st, 2014. Reports indicate that quite a good number of property owners in Ogun State availed themselves this rare opportunity to sort out their Property Titles.

D Don Okereke 2 min read

NewsMar 5, 2014

Abuja Court Orders Forfeiture of Property over Pension Scam

The Economic and Financial Crimes Commission (EFCC) on 4/3/2014, secured a court order for the forfeiture of Brifina Hotel located at plot 1106 Cadastral Zone BO2, Durumi District, Abuja. The EFCC was able to establish that the property was bought with stolen pension funds embezzled by an erstwhile Director in the Pension department of the Office of the Head of Service, one Dr. Sani Shuaibu Teidi.

D Don Okereke 2 min read

NewsMar 5, 2014

30 Winners Emerge at Lagos HOMS Maiden Draw

The Lagos state Government is undoubtedly walking the talk with its housing g initiative called Lagos Home Ownership Mortgage Scheme (Lagos HOMS). We told you a while ago in one of our articles that Lagos HOMS will offer Lagos residents an opportunity to own their own homes through mortgage payments spread over 10 years.

D Don Okereke 2 min read

NewsMar 5, 2014

Federal Housing Authority Earmarks 25,000 Housing Units in Abuja

Things are really looking up in the Nigerian Real Estate sector with various Stakeholders churning out programs aimed at providing affordable homes especially for low income earners. The latest in this fray is the Federal Housing Authority (FHA) which is gearing up to commence work in different parts of Nigeria beginning with the New Town Project in Bwari, near the Federal Capital Territory, Abuja.

D Don Okereke 2 min read

NewsMar 4, 2014

Three-Storey Building Collapses in Nsukka, Enugu State

Prompted by a prevalence of building collapse in Nigeria, I penned an article titled - "Stemming The Tide of Building Collapse in Nigeria". I wrote that Piece a couple of days ago not knowing another building collapse was in the offing at Enugu State. In the aforementioned essay, I sought the opinion, input of experts in identifying the causes and proffering solutions to the recurring trend of building collapse in Nigeria.

D Don Okereke 2 min read

NewsFeb 12, 2014

Fraudulent 'Property Developer' Dupes 100 People of ₦52 Million

Some folks don't just get it when we whine about the prevalence of unscrupulous property agents and property scams in Nigeria and the need for one to 'shine his/eyes well well' before parting with his/her hard earned money in the name of renting, buying a property.

D Don Okereke 2 min read

NewsFeb 7, 2014

Governor Fashola Launches Home Ownership Scheme for Lagosians

Citing his governments desire to encourage low income Lagos residents to own homes without much stress, the Lagos State Governor, Mr. Babatunde Raji Fashola on Monday 03/02/2014 flagged off the Lagos Home Ownership Mortgage Scheme (LagosHOMS). Mr. Fashola said LagosHOMS is part of his administration's solution towards reducing the acute housing deficit in Lagos State.

D Don Okereke 3 min read

NewsFeb 7, 2014

Central Bank of Nigeria Unveils Guidelines for Proposed Mortgage Refinance Company

Sequel to the flagging off, of the newly inaugurated Mortgage Refinance Company (MRC), the Central Bank of Nigeria (CBN) has brainstormed a regulatory and supervisory framework that will guide the activities of the Mortgage Refinance Company. Let me quickly point out that the MRC is analogous to the United State's Fannie Mae.

D Don Okereke 3 min read

NewsFeb 7, 2014

Governor Fashola Heralds Issuance of Electronic Certificate of Occupancy

The Lagos State Governor- Mr. Babatunde Raji Fashola has flagged off the issuance of the e-C of O. The ceremony took place at the Land's Bureau in Lagos State a while ago during which the Governor presented the e-C of O to some sporadically selected beneficiaries.

D Don Okereke 3 min read

NewsFeb 5, 2014

Ogun State Government Initiates Program to Standardize Property Documents

With the introduction of its "Homeowners Charter Program", the Ogun State government is poised to assist property owners in the State who hitherto have no valid land documents, to regularize their property/land documents. The Ogun State Ministry of Urban and Physical Planning asserts that this move will help rebuild the State by providing adequate data for the medium-term planning - provision of hospitals, roads, schools and other public infrastructures to the residents of the state.

D Don Okereke 2 min read