Real Estate

The National Conscience Party (NCP) on Sunday, March 25, 2018 said that it would soon sue Lagos State Government for imposing a new Land Use Charge  (LUC). The National Secretary of the party, Mr Ayodele Akele, gave the hint at NCP’s Political Education and Membership Integration Programme in Lagos. Akele said that NCP had established that the new charge was ...

“If a law is unjust, the [citizenry] is not only right to disobey it, they are obligated to do so.” (Thomas Jefferson, US 3rd President 1801-1809). Thomas Jefferson, the 3rd President of the United States was a savant, political thinker,  and a prolific writer on the subject of democracy. He was the proponent of many democratic ideas which endure in the practice ...

The Lagos State Government looks to have buckled under pressure when, on Thursday, March 15, 2018, it announced the reduction of all levies for its new Land Use Charge (LUC) that had attracted public outcry in the state. The reduction came two days after the Ikeja branch of the Nigeria Bar Association (NBA) marched against the new law, with its chairman, ...

The Lagos State Government is targeting 20,000 housing units by the year 2020 as part of its multifaceted approach to confront the three million housing deficit in the state. The state Commissioner for Housing, Mr Gbolahan Lawal, made this known during an inspection tour to Odo-Onosa/Odo Ayandelu Housing project in Agbowa, Ikorodu, Lagos on Sunday, March 11, 2018. The commissioner said ...

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 ...