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Sanwo-Olu Urges Real Estate Synergy
Lagos State Governor, Mr. Babajide Sanwo-Olu, has called for synergy between the public and private sectors to strengthen the real estate industry in Nigeria.
He said his administration will continue to provide policy direction for the private sector for investments, adding that several measures have been put in place for physical planning and urban development to address the issue of building collapse.
Governor Sanwo-Olu spoke during a courtesy visit by leadership of the International Real Estate Federation – Nigerian Chapter (FIABCI-Nigeria), led by the President of FIABCI Africa and Near East Region, Mr. Adeniji Adele.
He said: “It is not only the government that can do it. It is the private sector that can take the lead. We will provide the policy direction, but the private sector must ensure that they continue to make those investments and organise themselves.
“For us, technology is one of the things that have signposted Lagos as one of the acknowledged technologically driven cities in the world. There is a report that came out about a week and a half ago that says Lagos is the highest receiver of growth in terms of technology.”
Speaking on the proposed 75th FIABCI World Real Estate Congress scheduled for July 9 to 13, Governor Sanwo-Olu expressed Lagos State’s willingness to provide necessary support for the event.
He said the event will provide an opportunity for stakeholders in real estate in Nigeria to further deepen the relationship with their peers in other parts of the world and government.
Speaking earlier, the President of FIABCI Africa and Near East Region, Adeniji Adele, said the 75th FIABCI World Real Estate Congress will be held in Lagos from July 9 to 13, noting that this is the first time the congress will be held in Sub-Saharan Africa.
Adele, who is the President of the Organiser Committee, said the conference will involve over 400 high-level participants from more than 40 countries, including government leaders, ministers, global developers, urban planners, investors and leading thinkers.
He said: “The choice of Lagos was not accidental. It was the result of a compelling case. Lagos represents the future of African cities: dynamic, resilient and rapidly transforming. It is the epicentre of innovation, infrastructure development, real estate investment and policy reform. This city’s ongoing evolution aligns perfectly with the 2025 Congress theme ‘Global Real Estate Renaissance’.
“This theme addresses the urgent need for transformative thinking and innovation in our sector. The congress will focus extensively on emerging trends such as proptech (property technology), which is revolutionalising how we build, manage and finance real estate. Lagos, with its thriving tech ecosystem, is uniquely placed to lead this conversation on the continent.
Thenewsnigeria.com.ng
News
JUST IN: Court Adjourns El-Rufai’s Alleged Corruption Trial [DETAILS]
The trial of former Kaduna State Governor, Nasir El-Rufai, was on Monday stalled after two co-defendants failed to appear before a Federal High Court in Kaduna.
El-Rufai, who is standing trial on charges of alleged abuse of office, fraud, and financial misconduct filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), was present in court for the proceedings.
The former governor arrived at the court alongside officials of the ICPC, operatives of the Department of State Services (DSS), and police personnel.
However, the court could not proceed with the case due to the absence of the two co-defendants, leading to an adjournment.
The matter was subsequently adjourned to June 28, 2026, for continuation of the hearing.
El-Rufai has consistently denied all allegations against him, while prosecutors allege that public funds were improperly released for projects that were either not executed or were irregularly handled during his tenure as governor.
News
BREAKING: Court Orders INEC to Deregister ADC, Four Other Political Parties
The Federal High Court in Abuja has ordered the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC), Accord Party (AP), and three other political parties.
Justice Peter Lifu, who delivered the judgment, also directed that the order apply to the Action Peoples Party (APP), Action Alliance (AA), and Zenith Labour Party (ZLP).
The ruling stemmed from a suit marked FHC/ABJ/CS/2637/2026, filed by the National Forum of Former Legislators.
In the suit, the plaintiffs asked the court to determine whether INEC has a constitutional obligation to deregister political parties that fail to meet the performance thresholds set out in Section 225A of the 1999 Constitution (as amended), the Electoral Act 2022, and INEC regulations.
According to the former legislators, the five political parties had consistently failed to meet the required constitutional benchmarks. These include winning at least 25 percent of votes in a state during a presidential election or securing at least one elective seat at the national, state, or local government level.
They further told the court that the ADC and the four other parties performed poorly in the 2023 general elections and subsequent by-elections, failing to secure seats across key tiers of government. The plaintiffs argued that the continued recognition of the parties is unlawful and undermines the integrity of Nigeria’s electoral system.
On that basis, they urged the court to declare that INEC is duty-bound to deregister such parties and compel the commission to do so before preparations for the 2027 elections progress further. They also sought, and obtained, an order restraining the affected parties from participating in elections or engaging in political activities such as campaigns, rallies, and primaries.
Additionally, the suit sought an injunction barring INEC from recognizing or dealing with the parties in any official capacity.
News
APC-led Government Announces June 16 Public Holiday: Reason Emerges
The Borno State Government has declared Tuesday a public holiday to commorate the first day of the Islamic Calender Year, 1448 after Hijira.
The year 1448 AH (Anno Hegirae) is the current year in the Islamic calendar.
Since the Hijri calendar is based on lunar cycles, it is approximately 11 to 12 days shorter than the Gregorian calendar.
As a result, the year 1448 AH overlaps parts of both the 2026 and 2027 Gregorian calendar years.
In a statement released on Sunday, the state Commissioner for Information and Internal Security, Usman Tar urged residents to use the period to rededicate themselves to peaceful co-existance and service to humanity and development.
The statement reads “This is to inform the general public that His Excellency, the Executive Governor of Borno State, Prof. Babagana Umara Zulum, CON, mni, FNSE, has declared Tuesday 1st Day of Muharram 1448 After Hijira (AH), which is equivalent to Tuesday 16th June 2026 as a Public Holiday to commerate the first day of the Islamic Calender Year 1448 (AH).
“All citizens are therefore enjoined to be faithful and reflect on this important date and rededicate themselves to peaceful co-existance and service to humanity and development of our dear state in particular” he stated.
Tar also enjoined citizens to embrace the virtues of unity, solidarity, togetherness, tolerance, justice, mercy and multiculturalism that are essential to ensuring unity in diversity and unity of mankind.
“The Government and good people of Borno are committed to the unity, prosperity and existence of Nigeria, and to projecting Nigeria’s good image among the comity of nations in a globalised universe” he noted.
The commissioner said Governor Zulum enjoined the people of the state to pray for a peaceful, plural democratic entity, calling on all communities and faith groups to live in harmony and togetherness.
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