Investogist
No Result
View All Result
Sunday, October 18, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Court Adjourns El-Rufai’s ₦8.68bn CCTV Fraud Trial to December 8 as New Lawyers Take Over

    Court Adjourns El-Rufai’s ₦8.68bn CCTV Fraud Trial to December 8 as New Lawyers Take Over

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

    Ondo State Governor Orders Fumigation of Igbokoda River Over Stench Odour from NAF Crash Site

    Ondo State Governor Orders Fumigation of Igbokoda River Over Stench Odour from NAF Crash Site

    FG refunds Nassarawa, Kebbi 24BN for airports

    Full List of Tinubu’s Presidential Campaign Council as Soludo, Wike, Adeleke Join

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

    SpaceX launches Dragon cargo mission to ISS

    SpaceX launches Dragon cargo mission to ISS

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery Extends IPO Deadline to Oct 27

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Court Adjourns El-Rufai’s ₦8.68bn CCTV Fraud Trial to December 8 as New Lawyers Take Over

    Court Adjourns El-Rufai’s ₦8.68bn CCTV Fraud Trial to December 8 as New Lawyers Take Over

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

    Ondo State Governor Orders Fumigation of Igbokoda River Over Stench Odour from NAF Crash Site

    Ondo State Governor Orders Fumigation of Igbokoda River Over Stench Odour from NAF Crash Site

    FG refunds Nassarawa, Kebbi 24BN for airports

    Full List of Tinubu’s Presidential Campaign Council as Soludo, Wike, Adeleke Join

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

    SpaceX launches Dragon cargo mission to ISS

    SpaceX launches Dragon cargo mission to ISS

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery Extends IPO Deadline to Oct 27

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

FHA to demolish 677 houses in FESTAC over ‘encroachment and illegal development’

Tuesday, 21 November 2023, 11:34 am
in News, Nigeria
0
FHA to demolish 677 houses in FESTAC over ‘encroachment and illegal development’
Share Share Share Share Send as Email

The Federal Housing Authority (FHA) has revealed plan to demolish 677 houses in Phase 2 Festac Amiwo-Odofin area of Lagos state, while 744 others will be partially demolished.

FHA’s South-West Zonal Manager, Mr. Akintola Olagbemiro, who disclosed this during a visit to the affected area to assess level of disregard to building codes and the environment, said the occupants of the affected houses had violated the rules and erected structures without abiding by order.

He said: “After so many years of trying to get into the property belonging to FHA, which we labelled as Festac Phase 2. There has been encroachment and illegal development and it’s turning the place into a slum. We are trying to see how best we can resolve it and make people live in a more serene environment.

“Unfortunately, there have been cases of illegal developers and land grabbers.”

Deputy General Manager, FHA, Urban and Regional Planning, Southwest, Francisca Michael-James, said: “We have given the residents several notices but to our surprise, works are still going on, without regard to the law.

“Now we have the permission of our management and we will ask for security back up and start enforcement. We will start removing structures from the roads and those on pipelines set back.

“We will also remove the buildings constructed after the stakeholders’ meetings where we agreed that everyone should wait until we are done with our assessment but some of them continued to build and concluded that we will regularise, but regularisation is not automatic. Now, the ones that did not meet regularisation will have to go.”

Speaking on punishment for contravenors, she said: “In the law, if we demolish, we are supposed to penalise the owner of the building and charge for the fees for the cost of carrying out the operation.

“Assuming any of the buildings collapsed, the landlord will be charged for manslaughter but the first point of call will be pointing accusing fingers at the agency so, as to avoid that, that’s why we want to carry out the enforcement. The enforcement will be done soon.

“The first thing we are doing is to clear the road; some of the buildings will be partially demolished for right of way. 677 houses will be demolished and 744 will be demolished partially.”

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Nnamdi Kanu
    Nnamdi Kanu demands public apology, N20bn from…
  • Imo State
    Gunmen burn woman alive in Imo, set houses ablaze
  • Tinubu Report
    Tinubu budgets billions of Naira for Presidential…
  • Ibadan explosion
    77 injured, 20 houses destroyed in Ibadan explosion
Previous Post

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

Next Post

Nigerian artists implore FG to invest in the arts to empower youth and increase GDP

Next Post
Nigerian artists implore FG to invest in the arts to empower youth and increase GDP

Nigerian artists implore FG to invest in the arts to empower youth and increase GDP

Please login to join discussion
  • Trending
  • Comments
  • Latest
Wema Bank Plc to raise N40.00 billion capital by way of rights issue

Wema Bank Plc to raise N40.00 billion capital by way of rights issue

Abia State Govt to recover public schools handed over to individuals, groups

Abia State Govt to recover public schools handed over to individuals, groups

FG declares Monday and Tuesday public holidays

FG declares Monday and Tuesday public holidays

How much is the Business worth: The Income Statement

How much is the Business worth: The Income Statement

Court Adjourns El-Rufai’s ₦8.68bn CCTV Fraud Trial to December 8 as New Lawyers Take Over

Court Adjourns El-Rufai’s ₦8.68bn CCTV Fraud Trial to December 8 as New Lawyers Take Over

Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

Container Ship Sinks in Strait of Hormuz; Cause Unclear

Container Ship Sinks in Strait of Hormuz; Cause Unclear

Dangote ends naira sales, Begins petrol Sales in Dollar

Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved