This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
Housing Minister Ahmed Dangiwa has urged Nigerian states to adopt and enforce the 1992 Urban and Regional Planning Law to tackle uncoordinated growth and informal settlements.
LAGOS
Human rights lawyer Femi Falana (SAN) has accused the Lagos State Government of defying a court order during recent demolitions in Oworonshoki, raising concerns over due process and property rights.
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
Shelter Afrique Ordered to Pay Over US$1.1 Million in Court Settlement
The Commercial Division of the Accra High Court has ordered pan-African housing finance institution Shelter Afrique to pay over US$1.1 million to Ghanaian property developer Blue Rose Limited after finding that the lender failed to release funds for a housing project despite the developer meeting all contractual conditions.
FCMB, MREIF Join Forces on ₦10 Billion Mortgage Plan to Expand Homeownership
First City Monument Bank (FCMB) has partnered with the Ministry of Finance’s Real Estate Investment Fund (MREIF) to roll out a ₦10 billion mortgage financing scheme designed to help more Nigerians own homes.
Lagos Rolls Out Digital Property Addressing as Minister Flags Land Titling Gap
At an event in Victoria Island, Lagos, Governor Babajide Sanwo-Olu introduced the first phase of the state’s Identifier Project.
Federal Government Secures N70 Billion from Private Investors for Housing Drive
The Federal Government is partnering with state agencies, private developers, and funding stakeholders to close execution gaps. This involves embedding “Housing Reform Champions
MREIF Halves Down Payment to 10%, Expands Access to Homeownership in Nigeria
MREIF Halves Down Payment to 10%, Expands Access to Homeownership in Nigeria
EFCC Boss Urges Real Estate Developers to Prioritize Background Checks
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has issued a strong appeal to real estate developers across Nigeria to take customer verification seriously, as part of a broader effort to tackle money laundering within the sector.
Lagos State Declares 176 Estates Illegal Over Lack of Approvals
Lagos State Government has blacklisted 176 estates across Ibeju-Lekki, Epe, Eti-Osa, and Ajah for operating without layout approvals. See the full list of affected estates.
Nigeria’s House Reps Demand Rapid Infrastructure Reform in Correctional Facilities
Members of the House of Representatives' Committee on Reformatory Institutions have called for an immediate and substantial upgrade of Nigeria’s correctional infrastructure.
Over 2 Million Jobs Targeted as FG Plans 77,400 New Homes Nationwide
In a bold move to tackle unemployment and deepen access to affordable housing, the Federal Government has announced the construction of 77,400 housing units under its Renewed Hope Social Housing Programme.
