L-R: Mr. Ismail Omamegbe, Head, Corporate Responsibility, First Bank of Nigeria Limited (FBN); Barrister Rotimi Aladesanmi, Vice President, Kings College Old Boys Association (KCOBA); Otunba Oladele Olapeju, Principal, Kings College Lagos; Mr. Adeoye Adetuyibi, Sports Secretary, KCOBA; Mr. Sanya Soyannwo, Vice President, KCOBA during the commissioning of the Squash Court built by FBN at Kings College, Lagos. L-R: Mrs Joy Ijeoma Okeye, Vice Principal; Mrs E.M Osime, Principal; Mr. Ismail Omamegbe, Head, Corporate Responsibility, First Bank of Nigeria Limited(FBN); Mrs Olufunmilayo Kayode, Vice Principal during the commissioning of First Bank Sport pavilion built by FBN at Queens College, Lagos. First Bank of Nigeria Ltd. in its bid to st sports development and enhance student health and well-being through physical recreational activities in secondary schools has donated sporting facilities totalling N44 million to Queens and ...
The menace of land grabbing is common in many cities of the country, but with higher propensity in Lagos. However, a new law criminalising such activities is underway as any fraud involving land transaction has been classified as a criminal offence in the state. With an estimated population of over 18 million, and the attendant quest for the available land on which to build houses, many residents fall victim of land grabbers popularly known as Omo Onile , and other miscreants, who take advantage of the desperation of residents to defraud them. Although stakeholders in the built environment as well as other concerned residents of the state have condemned the act in various forms, the perpetrators have not been deterred as they still sell plots of land to multiple buyers and ask for more money when dispute arises, and will most often grab the land through intimidation and assault. Commenting on the new law, the Federal Controller, Federal Ministry of Lands, Housing ...
THE African Union for Housing Finance (AUHF), a member-based association of mortgage banks, building societies, housing corporations and other organisations involved in the mobilisation of funds for shelter and housing on the African continent will hold its conference and annual general meeting in October at the Safari Hotel & Conference Centre, Windhoek, Namibia. AUH is grounded on developing the institutional capacity of its members to enable them to effectively participate in addressing housing finance challenges on the continent; engaging with governments through member institutions; and developing partnerships with other regional and continental bodies on the African continent. There is clearly room for growth. The World Bank estimates that if only the top 3per cent of Africa’s population were to access mortgages, the continent’s mortgage debt to GDP ratio could rise to 18 per cent (12 per cent, excluding South Africa). Thi...
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