Real Estate

Sanctions to defaulters under the reviewed Land Use Charge (LUC) Law of Lagos are too severe and not in tandem with democratic ideals. Mr Babatunde Ruwase, the President of Lagos Chamber of Commerce and Industry (LCCI), made the observation in Lagos on Friday, March 9, 2018 during a stakeholders’ forum on Lagos Land Use Charge Law, 2018. He said that ...

Lawyers, on the platform of the Ikeja Branch of the Nigerian Bar Association (NBA), have fixed Tuesday, March 13, 2018 as protest date against what they term “excessive and arbitrary tax regime” in Lagos State, if after seven days Governor Akinwunmi Ambode failed to reverse new charges under the Land Use Charge Law 2018. Speaking on the planned protest during ...

The Lagos State Government on Wednesday, March 7, 2018 clarified the figures circulating in the media on the rates for the newly reviewed Land Use Charge Law of 2018, saying many of the numbers were based on several years of arrears on the levy not paid by affected property owners. Speaking at a news briefing held at the Bagauda Kaltho ...

Pressure appears to be mounting on the Lagos State Government over its newly introduced Land Use Charge Law, in respect of which charges therein are said to be on the high side and are being contested by certain quarters. State governor, Akinwunmi Ambode, has been defending the charges, saying however that government is ready to dialogue on the matter. On ...

Lagos-based estate surveyor and valuer, Mr Oyebode David Adediji, has emerged president of the Alumni Association of the Faculty of Environmental Design and Management (EDM) of the Obafemi Awolowo University, Ile-Ife, Osun State. The association was formally inaugurated last week at the sidelines of Alumni Reunion of the faculty under the chairmanship of the Vice-Chancellor, Professor Eyitope Ogunbodede, represented by ...

The Minister of Power, Works and Housing, Babatunde Fashola, said that since 2015 to date, the Federal Mortgage Bank of Nigeria (FMBN) had issued 2,724 mortgages to Nigerians. Fashola disclosed this while inaugurating the respective Governing Boards of the Federal Housing Authority (FHA) and FMBN on Thursday, March 1, 2018 in Abuja. The minister noted that the mortgages which were ...

The Lagos State Government on Tuesday, February 20, 2018 said that the ongoing construction of the Ilubirin Housing Scheme would be completed before the end of the year while it would go on sale to members of the public from the first quarter of 2019. The government, in a statement signed by the Commissioner for Housing, Mr. Gbolahan Lawal, said ...

Africa’s richest man and President of Dangote Group, Aliko Dangote, is to play the role of Chief Guest of Honour at the foundation stone laying ceremony for the multi-purpose Editors’ Plaza, a project of the Nigerian Guild of Editors (NGE) scheduled for Thursday, March 1, 2018 in the Guzape District of Abuja. Former Governor of Akwa Ibom State, Senator Godswill ...

The Lagos State Commissioner for Housing, Mr Gbolahan Lawal, on Wednesday, February 14, 2018 reiterated the commitment of the state government to creating an enabling environment for economic growth through massive housing construction across the state. Lawal gave the assurance during an inspection tour of some housing estates in Odo Onasa/Odo Ayandelu and Agbowa, both in Ikorodu division. He said ...

The Lagos State House of Assembly on Tuesday, January 16, 2018 said that religious organisations and cemeteries would only be granted exemption in the. proposed harmonised bill on Land Use Charge if they do not engage in commercial activities. Mr Yinka Ogundimu, the Chairman of the Assembly’s eight-man Ad hoc Committee on Finance, gave the insight at a Public Hearing on ...