By Dennis Isong Nigeria is a country in West Africa that is rich in natural resources and is the most populous country on the continent. With a population of over 200 million people, there is a high demand for housing, which makes real estate a profitable industry to invest in. Let’s explore some of the reasons why Nigeria is a profitable country for real estate investment. RAPID URBANISATION Nigeria is one of the fastest urbanising countries in the world. With a growing population and an expanding economy, there is an increasing need for housing and infrastructure. As more people move…
Author: Funke Busari
Tussle between the Ikumoworo family and Olofin family over Isheri-Oke disputed land has been taken to the Supreme Court of Nigeria. The disputed land situated at Old Olowora Road, Isheri-Oke, Lagos State. The Attorney for the Ikumoworo family, Princess Josephine Momoh has filed an appeal at the apex court over the judgement delivered by the Court of Appeal, Lagos Division which on March 16, 2022 upturned the judgement delivered by Justice Yetunde Idowu in favour of Princess Josephine Momoh. The Ikumoworo Family comprises of the Onikosi, Onikoro and Oshorun Family. Josephine Momoh who is the claimant, is an agent of…
A Lagos State High Court in Ikeja on Monday ordered Woman Inspector Mercy Douglas to appear in the ongoing trial of self acclaimed prophet, Olushola Akinsipe over alledged defilement of a-13-year-old visually-impaired girl. Justice Hakeem Oshodi made the order following non-appearance of the officer attached to the State Criminal Investigation Department, Panti, to give evidence as the last prosecution witness in the matter. The defendant standing trial was said to have committed the act when the minor was taken to him for a spiritual cleansing over witchcraft. The State prosecution counsel, O.O Azeez, at the scheduled continuation of trial informed…
Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc, DSR, will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season. The dividend payout will translate to N1.50 kobo per share held by shareholders. Chairman of the Company, Aliko Dangote said: “The shareholders are very happy with the way we have been running their company and also in re-investing the profit into the Backward Integration Programme, BIP, for the sugar industry. We are going to play our part in ensuring that…
The Socio-Economic Rights and Accountability Project, SERAP, is asking President Muhammadu Buhari to use his “leadership position and role as the African Union Anti-Corruption Champion to widely publish his asset declaration form as he concludes his tenure in office May 2023. The group opined that by doing this the President would leave a legacy of transparency. It added that the President should encourage Vice-President Professor Yemi Osinbajo; Senate President, Dr. Ahmad Lawan; Speaker of House of Representatives, Mr. Femi Gbajabiamila and high-ranking officials of the next administration to also promptly publish their assets to date. The group said that in line…
By Dennis Isong Studies have shown that Nigeria is the most populous country in Africa, with almost 52% of its population in urban areas. This is because most of the country’s population is migrating to the cities. After all, the city is considered a place where you can get a better life and also greener pastures. When people keep migrating to a city, one thing is sure to happen and that is the high demand for accommodation. This positively affects real estate because there will be a boom in the sector. And as the currency loses its value and erodes…
For displaying unprofessional conduct, and misusing firearms, the Nigerian Police Force has dismissed three policemen, Inspector Dahiru Shuaibu, Sergeant Abdullahi Badamasi, and Sergeant Isah Danladi. The officers were attached to Special Protection Unit, SPU, Base 1, Kano. It would be recalled that the officers were caught in a viral video on April 7, 2023 repeatedly firing shots from their official firearms into the air despite police policy against firing in the air, standard operating procedure and relevant Force Orders; and disregarding the possible risk to the crowd at the location which included children, while attached to a musician in Kano…
An Abuja-based businessman, Alhaji Mubarak Musa, the Chairman, Al-Mubee Group, has petitioned the Inspector General of Police, Usman Baba, the Attorney General of the Federation, Abubakar Malami, as well as the Department of State Service over threat to his life and family. According to Musa, it was pertinent to make those petitions because one Achema Stephen Akpa had on two occasions stormed his construction site in Abuja and physically assaulted him, destroyed his properties and made threats to his life. In a series of petitions addressed to the Office of the Attorney General of the Federation and the Inspector General…
The People Democratic Party, PDP, and its candidate for Lagos Governorship Mr. Abdul-Azeez Adediran, also known as Jandor has filed petition against the governor-elect of Lagos State, Babajide Olusola Sanwo-Olu and his deputy, Dr. Obafemi Hamzat Kadiri. He is claiming that the duo are not qualified to contest the election conducted by the National Independent Electoral Commission, INEC. Adediran petition marked EPT/LAG/GOV/01/2023 dated April 7, 2023, was filed against Sanwo-Olu, the All Progressive Congress, APC, Dr. Hamzat, INEC, and Arch. Gbadebo Patrick Rhodes-Vivour and Labour Party, as first to sixth respondent, According to him, the Governor, who is the second respondent was…
Lagos Governor-elect who is the All Progressive Candidate, APC, Babajide Sanwo-Olu and his Deputy, Dr. Obafemi Hamzat are not qualified to contest the election and ought to have been disqualified. This is the thrust of the petition filed by the Labour Party, LP, candidate, Gbadebo Rhodes-Vivour. In his petition dated April 9, 2023 marked EPT/LAG/GOV/04/2023, Gbadebo claimed that the Governor, who is the second respondent was at the time of the election, not qualified to contest the election into the office of the Governor held on Saturday, March 18, 2023 conducted by Independent National Electoral Commission, INEC. He added that the electoral…