Posts with tag "lagos"

To update our memories and for the interest of those that are not quite conversant with the dictates of the Lagos Tenancy Law 2011, the aforesaid law came into effect in August 2011. It effectively repealed the hitherto Rent Tribunals (Abolition and Transfer of functions) Law 2007. Essentially, this law is aimed at inter-alia, "regulating rights and obligations under tenancy agreements and the relationship between the landlord and the tenant including the procedure for the recovery of premises and for other connected purposes in Lagos state".

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With successful completion of the first phase of land reclamation exercise at the ambitious Eko Atlantic City project, the project promoters have continued to woe investors, the latest visitors are a team of British-based financial and professional service experts led by the Mayor of the City of London, Alderman Michael Bear.

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Controversy last week continued to trail the new Lagos tenancy law after Governor Babatunde Fasola assented to the bill 14 days ago, as the prospects of having an acceptable law and backing of professionals in the estate agency practice loomed large at the weekend.

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Sensing possible community unrest that could lead to disturbance of peace in the state, the Lagos State Government has waded into a land ownership crisis by raising a committee, giving the mandate to bring the warring parties to a roundtable.

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With its target to create an efficient, sustainable facility to meet global health and safety standards, construction formally took off recently on the multi-billion naira Standard Chartered Bank Nigeria (SCBN) headquarters complex in Lagos, already being touted by its promoters as one of Nigeria’s green and energy efficient buildings that optimizes space and up-to- date technology.

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To increase its investment portfolio as well as giving more empowerment to the nation’s citizenry, an insurance firm, Mutual Benefits Assurance Plc, has commenced construction work on a residential estate development valued at ₦3 billion.

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Following concerns by subscribers of the Egan-Igando millennium scheme on the delay in the delivery of the project, fresh efforts are underway to resurrect construction activities in the 1,350-unit Housing Estate in Alimosho area, Lagos State.

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Bracing up for its goal of transforming Lagos metropolis into a megacity, the Lagos authorities have begun moves to construct two new shopping complexes under the Public Private Partnership (PPP) scheme.

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A Lagos based firm, Domart Investments Limited, has launched the phase 2 of its estate project popularly known as Golden Park Estate.

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Save us from land grabbers, Aiyeteju community urges Fashola!

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