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Today’s edition turns to the Federal Government’s renewed call for compliance, quality, and professionalism across Nigeria’s real estate sector.
As urban expansion accelerates and housing demand continues to outpace formal supply, regulators are placing stronger emphasis on adherence to building standards, ethical practices, and structured development processes. The message signals a shift toward tightening oversight at a time when concerns around substandard construction, regulatory gaps, and inconsistent enforcement remain part of the national conversation.
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FG Urges Compliance, Quality and Professionalism in Real Estate Development
Nigeria’s Vice President, Senator Kashim Shettima, has called on estate developers to strictly adhere to regulatory standards and maintain professionalism in all aspects of development, including title documentation, construction quality and estate management. The appeal came during the groundbreaking ceremony for the Summit Estate Global housing project in Apo Dutse, Abuja on 14 February 2026.
Lagos Begins Statewide Valuation of Public Assets in IPSAS Reform Drive
The Lagos State Government has initiated a comprehensive statewide valuation of public assets as part of its ongoing fiscal reforms under the International Public Sector Accounting Standards (IPSAS) framework. Coordinated by the Lagos State Valuation Office, seven consultancy firms have been appointed to carry out the exercise, which marks a significant phase in enhancing public financial management and transparency across the state.
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FCTA Signs Strategic Agreement to Transform Jabi Lake into Global Tourism Hub
The Federal Capital Territory Administration (FCTA) has officially signed a strategic agreement aimed at transforming the Jabi Lake district into a world-class tourism and recreational hub. This development, part of a broader urban renewal strategy for the nation’s capital, seeks to harness the untapped economic and aesthetic potential of the waterfront to boost Abuja’s standing as a premier travel destination.
Kano Market Fire: N5bn in Assets Destroyed and Seven Missing at Singer Market
A catastrophic fire at the historic Singer Market in Kano has resulted in the destruction of property and goods valued at over ₦5 billion, with at least seven individuals reported missing. The blaze, which began on Saturday evening, February 14, 2026, and lasted into Sunday morning, decimated more than 1,000 shops and several residential buildings used for commercial purposes.
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CBN Sued by SERAP for Failure to Account for ₦3 Trillion Public Funds
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) following allegations involving the disappearance, diversion, or mismanagement of approximately ₦3 trillion in public funds. The legal action, lodged at the Federal High Court, seeks to compel the apex bank to provide a detailed account of the funds and ensure their recovery to the national treasury.
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Produced by: Amarachi Okeke
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