Real Estate

EFCC Sounds Alarm: Nigeria’s Real Estate Sector Now Hotbed for Money Laundering

IDNN
The Economic and Financial Crimes Commission (EFCC) has zeroed in on Nigeria’s booming real estate sector, warning that developers risk becoming conduits for illicit funds if they continue to ignore basic due diligence. Chairman Ola Olukoyede says the days of blind deals are over....

Wike Revokes PDP National Secretariat Land Over 20 Years of Unpaid Rent

IDNN
The revocation notice, titled “Notice of right of occupancy with file no: MISC 81346 in respect of plot no: 243 within central area district, Abuja,” was signed by the Director of Land Administration, Chijioke Nwankwoeze. The PDP secretariat land was seized for failing to pay ground rent from January 1, 2006, to January 1, 2025....

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