The number of vacant properties in the upper class real estate neighbourhoods of Lekki, Victoria Island and Ikoyi has risen by 72 percent over the last 18 months, a report by the Financial Derivatives Company Limited (FDC) has stated. The FDC’s Vacancy Factor Index (VFIX) for 2nd Quarter June 2016 report attributed the rise in the number of vacant properties, based on the housing stock as at January 2015, to a combination of rising inflation, GDP contraction, falling consumer confidence and increasing unemployment rates contrived to lower demand for housing.

CALABAR—OVER three thousand persons in Busi 4, one of the communities at the base of the famous Obudu Ranch Resort in Obanliku Local Government Area of Cross River State, have been displaced following a communal conflict, weekend.

lagos—An ongoing opinion poll has shown Governor Akinwunmi Ambode of Lagos State to be in the lead as Nigeria’s top performing governor.

Three members of the One Million Boys gang terrorising Ajangbadi and Shibiri areas at Oto-Awori Local Development Council Area of Lagos State, have been arrested by the policemen attached to Ilemba Hausa Division.

ABUJA— Comptroller-General of the Nigeria Prisons Service, Ahmed Ja’afaru, has announced the re-arrest of five of the 13 inmates who escaped from Koton-Karfe Medium Prisons in Kogi State, Saturday morning.