This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
The Rivers State Government’s collaboration with Masta Services aligns with its broader strategy to expand housing infrastructure and stimulate local investment. By positioning the project close to the Port Harcourt International Airport, the state aims to foster a thriving residential and commercial ecosystem that supports tourism, logistics, and corporate relocation.
LAGOS
Tension has risen in Oworonshoki, Lagos, following the demolition of more than 70 houses at Ajileru, Ososa Extension, and Toluwalase Streets an action that occurred despite an active court injunction restraining the state government from proceeding with demolitions in the area.
ABUJA
Minister Nyesom Wike announces that by 2027, every FCT High Court judge will have official housing, marking a new phase in Nigeria’s judicial welfare and infrastructure reform.
World News
All News
Lagos State Government Warns of Housing Allocation Revocation Over Estate Rule Violations
The Lagos State Government has reiterated its commitment to enforcing compliance within state-owned housing estates, warning that residents who breach estate regulations risk losing their home allocations.
Lagos State Government to Revoke Housing Allocations for Fraudsters, Drug Users, and Rule Violators
The Lagos State Government has announced that it will withdraw housing allocations from residents of government-owned estates who violate occupancy rules, lease properties to individuals involved in illicit activities, or fail to comply with estate management obligations.
Lagos State Government Reaffirms Commitment to Fair Compensation for Owners of Demolished Properties
The Lagos State Government has announced that property owners whose buildings are demolished for being located on the right of way will receive compensation provided the structures were built with valid planning permits.
NIESV Advocates Reforms to Strengthen Ethics and Restore Trust in Nigeria’s Real Estate Sector
Real estate professionals have called for comprehensive reforms to rebuild public confidence, enhance ethical standards, and align Nigeria’s property market with international best practices.
Lagos Secures 4,000 Hectares for Ibeju-Lekki Airport as NCAA Reaffirms Support
The Lagos State Government has secured 4,000 hectares for the Ibeju-Lekki Airport project. The Nigeria Civil Aviation Authority (NCAA) has reaffirmed support, urging compliance with regulatory and safety standards before construction begins.
Lagos State Government Denies Involvement in FESTAC Demolitions, Reaffirms Commitment to Due Process
The Lagos State Government has denied involvement in the recent demolition of properties in FESTAC Town, clarifying that it neither authorised nor supervised the operation, which has drawn public criticism and confusion.
Lagos State Government Demolishes 39 Illegal Buildings in Ikota Estate to Tackle Flooding and Setback Violations
The Lagos State Government has commenced the demolition of 39 buildings in Ikota Estate, Eti-Osa Local Government Area, following the expiration of a quit notice issued to property owners who encroached on drainage setbacks.
Eko Paragon to Deliver 105 Luxury Homes Within a Year, Setting New Standards in Lagos State Real Estate
AceRoyal Estates Homes has announced steady progress on its flagship project, Eko Paragon, a luxury residential development in the Abijo Government Reserved Area (GRA) of Lagos, with 105 premium housing units scheduled for delivery within the next 12 months.
Lagos State Government Demolishes 17 Illegal Building Structures in Lekki to Reclaim Waterways and Curb Flooding
Stop-work and seal orders were issued to developers at Partibons Homes Estate and Bee-Forth Estate Phase II, where illegal reclamation and sand-filling activities were ongoing.
Lagos State Government Issues Two-Week Ultimatum to Regularize Unapproved Structures at Trade Fair Complex
The Lagos State Government has issued a two-week ultimatum to developers and occupants of unapproved structures within the Trade Fair Complex, Ojo, directing them to regularise their buildings with the Ministry of Physical Planning and Urban Development.