PROHIBITION OF DEMAND FOR FEE IN REGARD TO CONSTRUCTION Section 11 of the Law is by far the most popular provision of the Law. Anybody who has done construction work in Lagos and its environs has one tale or the other to tell about the notorious omo onile. They are basically hoodlums who lurk around construction areas, charge developers for every tipper of sand/cement/gravel brought to site; then, at various stages of building, they throw in more obstacles and demand payment of huge sums...

The African real estate market is beginning to show signs of recovery and stability. In a fast-moving world, the real estate industry needs to adapt itself taking into account geopolitical, economic, societal and technological challenges. The recent economic downturn has caused the real estate sector in Africa to fall below the projected 2.6 percent regional growth. The Economic indicators show that Nigeria is gradually coming out of recession. However, balancing short-term indicators with...

Tired of paying rent weekly, monthly or annually for your home or office? Have you realised that as a bigger boy or girl the time has come to own a property of your own and fast? Do you want to avoid the hassle of buying open land and developing it? Then congratulations! Here’s the low down on how you can ‘step up’ sharply! Decide on your financials: Do you have the cash to buy this house? If you plan to take a loan, where from and how do you intend to repay? You must have a good...