EFCC clamps down on real estate investors over money laundering
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EFCC clamps down on real estate investors over money laundering

EFCC has continued to ensure estate surveying and valuation firms subscribe to an alert system and conduct screening before on-boarding customers as part of the ongoing due diligence to curb money laundering. The scrutiny is affecting transactions in the commercial real estate market, CHINEDUM UWAEGBULAM reports. • Prospective investors shy away from investments• Scrutiny dampens…

Firm plans $172bn investment in energy, real estate, others
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Firm plans $172bn investment in energy, real estate, others

Backbone Infrastructure Nigeria Limited (BINL), has announced its intention to invest $172 billion to develop various infrastructures in the country. This investment, utilising alternative financing options, will be allocated to mineral resources, energy, agriculture, housing and transportation sectors for the next 22 years. The administration of President Bola Tinubu has openly reaffirmed its commitment to…

Dennis Isong: How Real Estate Investors Can Help Reduce the Housing Crisis
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Dennis Isong: How Real Estate Investors Can Help Reduce the Housing Crisis

In 2024, many Nigerians are struggling to own homes due to economic instability and systemic issues in the housing market. Key factors contributing to this crisis include income instability, high cost of living, expensive land, limited access to affordable financing, insufficient government support, rising construction costs, uncontrolled population growth, high unemployment and underemployment, inadequate infrastructure,…

Dennis Isong: Understanding Government Allocation in Lagos State Real Estate
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Dennis Isong: Understanding Government Allocation in Lagos State Real Estate

Government allocation in real estate typically refers to the process by which the government grants land or property to individuals, organisations, or developers for various purposes such as residential, commercial, or industrial use. Before I go into what you should know about how allocation works in Lagos State, it is important to understand its significance…