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Nigeria’s real estate sector is once again in the regulatory spotlight as the Economic and Financial Crimes Commission raises concerns about money laundering vulnerabilities within property transactions.
The warning signals a growing recognition that real estate remains one of the most attractive channels for illicit capital flows, particularly in high value urban markets where cash based deals, opaque ownership structures, and limited reporting frameworks can obscure transaction trails.
Real Estate Sector Under Scrutiny as EFCC Flags Money Laundering Vulnerabilities
The Economic and Financial Crimes Commission (EFCC) has issued a formal caution to real estate and property managers across Nigeria against facilitating or becoming conduits for money laundering through property transactions. The warning comes amid evidence that fraudsters are increasingly exploiting real estate to conceal proceeds of crime, with significant implications for investor confidence and regulatory compliance in the housing and property market.
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Cement Prices Surge Nationwide: Bag Now Retailing at ₦11,000
Prices of cement continue to escalate across Nigeria’s construction markets, with a standard 50-kilogram bag now selling between ₦10,500 and ₦11,000 in many parts of the country. The upward trajectory spans major brands and key urban hubs, raising concerns among builders, block makers and developers about rising project costs and housing affordability.
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Makoko, Shogunle Demolition Halted: Lagos Assembly Sets Two-Week Reconciliation Timeline
The Lagos State House of Assembly has suspended further demolition and construction activities in the Makoko and Shogunle waterfront communities pending the outcome of structured reconciliation talks with affected residents, with a two-week deadline attached to the process.
The resolution is part of a broader approach by lawmakers to address ongoing tensions that have emerged following recent demolition activities in the communities, which sit along critical urban corridors in the city of Lagos.
Lagos CSO Coalition Backs Structured Development Plan for Makoko Waterfront
A coalition of more than 80 civil society organisations (CSOs) in Lagos has urged the Lagos State Government to expedite development interventions in the Makoko waterfront community to safeguard residents’ lives and property. The appeal comes amid ongoing demolition actions and longstanding safety concerns related to unplanned structures under high-tension power lines and other hazardous conditions.
FG Anchors National Development Strategy on Innovation with NEXTGEN 2026 Initiative
The Federal Government of Nigeria has formally positioned innovation as a core driver of national development with the inauguration of the NEXTGEN Innovation Challenge 2026, a strategic platform designed to accelerate technology-led entrepreneurship and attract international investment into the country’s innovation ecosystem.
Quote of the day:
“Clarity creates confidence. When you understand the landscape, you move differently.”
Produced by: Amarachi Okeke
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