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Federal Housing Authority warns against fake Festac land offers, confirms exclusive allocation rights

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Federal Housing Authority warns against fake Festac land offers, confirms exclusive allocation rights

The Federal Housing Authority (FHA) has issued a public warning regarding fraudulent land sale offers in Festac, Lagos, affirming its exclusive authority in allocating land in the area.

The warning follows a purported offer letter from New Festac Property Development Company Ltd., demanding N49,151,645 for a residential plot and claiming a partnership with the FHA to issue title documents.

This announcement was made in a statement released by FHA management on Wednesday, where the authority denied any involvement in the offer, reiterating that it alone has the authority to allocate land in Festac, backed by a global Certificate of Occupancy from the Federal Government.

“The attention of the Management of Federal Housing Authority has been drawn to a provisional Offer Letter for the sale of a plot of land at New Festac Town Phase II District, Lagos, on the New Festac Property Development Company Ltd signed by one Simon Egodigwe, for the company’s Managing Director. The said provisional Offer letter is demanding for the sum of forty nine million, one hundred and fifty one thousand, six hundred and forty five Naira, for a residential plot measuring 651.178 square meters, to be made in favour of New Festac Property Development Company Ltd, into a Wema bank account,” the statement read in part.

It added, “For the records, Federal Housing Authority is the owner of the entire land in Festac Town, Lagos, for which it was issued a global Certificate of Occupancy by the Federal Government. This makes FHA the only authority that can issue a letter of allocation on any land in Festac Town.”

The FHA further emphasized that any legitimate land allocation in Festac would be formally issued and signed by the FHA’s Managing Director and Chief Executive.

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The statement further clarified that while the Federal Housing Authority (FHA) entered into a partnership with New Festac Property Development Company Ltd. for the development of part of Festac Phase II, the project has not been finalized. Currently, only sand filling is ongoing at the site, with no formal agreements in place between the FHA and the company.

In this context, the FHA expressed concern over how New Festac Property Development Company Ltd. arrived at the land price being demanded from the public, as the total project cost is yet to be determined.
The Authority emphasized that it cannot verify the authenticity of the provisional offer letter circulating for the sale of land in Festac, advising the public to disregard the offer and refrain from engaging in any related transactions.
The FHA also reminded the public that it is the sole authority for issuing land allocation letters in its estates, with all such letters signed by its Managing Director and Chief Executive

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FG To Build Bamboo Houses For Low And Medium Income Earners

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FG To Build Bamboo Houses For Low And Medium Income Earners

Federal Government says it is embarking on building affordable and durable smart houses for low and medium-income earners across the country using only bamboo plants.

FG said bamboo, with other proven technologies, can provide a scalable solution to the housing needs of Nigeria’s growing population without exploitation of the environment.

The Permanent Secretary, Federal Ministry of Innovation, Science and Technology, Mrs. Esuabana Nko Asanye, who disclosed this in Abuja on Wednesday added that the Nigerian Building and Road Research Institute (NBRRI) Technologies, an agency under the ministry, is embarking on solving the diverse needs within Nigeria’s housing sector using green technologies, and that’s include using only bamboo plant for smart houses.

Mrs. Esuabana, who was represented by the Director Environmental Science Technology (EST), Mrs. Benadette Oguche, made this statement at a One-Day Capacity Building Workshop on the Relevance of Bamboo for Climate-Smart Housing Construction: Integrating Nigerian Building Road Research Institute (NBRRI) Technologies in Reducing Carbon Footprint, in Abuja.

Esuabana explained that by adopting only bamboo plants for smart houses, Nigeria will not only promote environmental sustainability but also ensure that the construction process aligns with principles of adaptability, comfort, and affordability for both low and medium-income earners in the country.

The Permanent Secretary also stated that she believes that the knowledge gained from the workshop would help overcome the challenges that lie ahead, which include high initial capital cost, unstable supply of raw materials, among others.

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Real Estate Achievers Awards and Exhibition 2025 (REAA)

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Real Estate Achievers Awards and Exhibition 2025 (REAA)

Maiden Edition

Theme: Nigeria Real Estate & Construction Industry: Bridging Nigeria’s Housing & Infrastructural Gap Amidst Rapid Population Growth & Infrastructural Decay

Celebrating and honoring 250 Real Estate & Construction Companies in Nigeria.

Celebrating those worthy of Emulation!.

The Largest Gathering of the creme de la creme of the Real Estate & Construction Industry in Nigeria

We are anticipating over 500 Real Estate and Construction practitioners in attendance

Real Estate Achievers Awards and Exhibition 2025 (REAA) would be the number one and authentic annual real estate awards and event, Celebrating Icons of Nigeria’s Real Estate and Construction Industry, those revolutionizing the Real Estate & Construction Industry in Nigeria

Be part of the Real Estate Achievers Awards and Exhibition 2025 to expand your network, engage with Industry peers from across Nigeria fostering valuable connections.

An opportunity to meet 500+ exhibitors showcasing the latest in building designs, materials, technology, machinery, lands and building sites

Connecting with top developers, suppliers, contractors, and investors, an Opportunity to exhibit latest and affordable homes designs to millions of Nigerians within and outside Nigeria under one roof!.

The Award presentation ceremony would be broadcast and televised live to the world on all our social media channels

You also have an opportunity to exhibit and showcase your latest building designs and sites to the audience on our digital screen at the award presentation ceremony.

Participants would be required to provide a HD short video, not more than one minute or HD pictures in a flash drive of projects, houses, new building designs, materials, technology, machinery, electronics, furniture, land and sites. Et ce tera to be televised to the world and audience on the award presentation day

Date: Saturday, August, 3Oth, 2025|10am.

Venue: Lagos Chambers of Commerce and Industry (LCCI)– Alausa. Ikeja.

For Enquiries – Call – 08060429096, 09121749669

Email:[email protected]

For more update – Visit: →www.realestateachievers.com

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TO APPLY FOR LAND USE CHARGE EXEMPTION AS A PENSIONER LIVING IN LAGOS STATE

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TO APPLY FOR LAND USE CHARGE EXEMPTION AS A PENSIONER LIVING IN LAGOS STATE*

As a pensioner in Lagos State, you can apply for exemption from the Land Use Charge (LUC) by following the procedure outlined below.

Under the Lagos State Land Use Charge Law, owner-occupiers who are pensioners (either under the public or private sector) are eligible for exemption.

The steps to take are below:

1. Write an application letter with the following supporting documents:

a. A letter of retirement or proof of being a pensioner

b. A valid means of identification

c. A Utility Bill (e.g., electricity or water bill) showing proof of residence.

d. A copy of the Title Document of the property (e.g., Certificate of Occupancy, Deed of Assignment, or Registered Conveyance).

e. A Sworn Affidavit confirming that the property is owner-occupied and not used for commercial purposes.

2. Submit the Application

Submit the application letter and supporting documents to the Land Use Charge Assessment Office at the Lagos State Ministry of Finance or any LUC office near you.

Ensure you collect an acknowledgment copy of the letter after submission for ease of follow-up.

3. Verification and Approval

The Lagos State Government will review and verify your application.

If successful, you will receive a response that exempts you from paying the Land Use Charge.

Please Note:
The exemption only applies to pensioners who personally reside in the property. If the property is rented out or used for commercial purposes, the exemption will not apply.

The government conducts periodic reviews to confirm continued eligibility for the exemption. If the property has changed status after the exemption has been granted, the exemption can be revoked.

*If you need further assistance, you can visit the Lagos State Land Use Charge Office* .

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