COURT FIXES JULY 10 FOR JUDGMENT ON MALAMI'S 57 PROPERTIES FORFEITURE SUIT. (PHOTO). #PRESS RELEASE

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 Court Fixes July 10 For Judgment On Malami's 57 Properties Forfeiture Suit A Federal High Court in Abuja has set July 10, 2026 as new date for judgment in the suit filed by the Economic and Financial Crimes Commission (EFCC) seeking the final forfeiture of 57 properties linked to Abubakar Malami, former Attorney-General of the Federation and Minister of Justice.  The presiding judge, Joyce Abdulmalik had earlier fixed Monday, July 6, 2026 for judgment after both parties adopted their final processes and argued the case on May 26.  However, the judge moved her  judgment to Friday, July 10, 2026 The EFCC previously secured an interim forfeiture order for the assets, valued at over N212 billion. The properties are located in Abuja, Kano, Kebbi, and Kaduna. The EFCC had argued that the properties were proceeds of official corruption and abuse of office.  Malami's legal team challenged the move, asserting that the assets were legitimately acquired by the former mini...
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GOV. SANWO-OLU REAFFIRMS COMMITMENT TO HOUSING FINANCE. (PHOTOS). #PRESS RELEASE.

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 GOVERNOR SANWO-OLU REAFFIRMS COMMITMENT TO HOUSING FINANCE


… Commends LBIC’s Resilience, Growth at 21st AGM


The Governor of Lagos State, Mr. Babajide Sanwo-Olu has reaffirmed the State Government's commitment to expanding access to affordable housing finance, describing housing as a critical economic driver for the state’s growth and stability.


This was the principal message in a keynote address delivered during the 21st Annual General Meeting (AGM) of the Lagos Building Investment Company (LBIC) Plc, held on May 5, 2026, at Ikeja, in Lagos. 


The Governor, who was represented by Hon. Moruf Akinderu-Fatai, the Lagos State Commissioner for Housing, lauded the Board, Management, and Shareholders for their stewardship and continued dedication to the Lagos Building Investment Corporation's founding purpose.


The Governor stated that “despite a challenging economic climate marked by shifting market realities, LBIC has shown resilience in its role in fostering an inclusive and irrepressible Lagos through mortgage financing. He emphasised that "Housing is not just a social need; it is an economic driver that creates jobs and supports small businesses across the value chain."


The administration highlighted that the public sector cannot tackle the housing challenge alone, calling for continued strong partnerships with credible institutions like LBIC to deepen access to sustainable housing finance.


Looking ahead, the Lagos State Government encouraged LBIC to leverage technology and innovative product offerings to reach underserved segments of the market. This aligns with the company's 2026 priorities, which include “strengthening digital capabilities and expanding retail lending”.


The Governor expressed confidence that the resolutions from the meeting would further position LBIC for greater impact and continued success in the years ahead.


LBIC is a leading primary mortgage bank in Nigeria, originally established to provide mortgage facilities for low-cost housing schemes in Lagos State. Today, it remains a pivotal institution in the state’s housing value chain, dedicated to democratising homeownership through innovative financial solutions.

More photos below. 






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