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Exit From Recession: Expert Decries Slow Recovery In Real Estate Activities

The Managing Director of Alpha Mead Facilities and Management Services Limited, Femi Akintunde, has stated that despite an improvement in macroeconomic fundamentals in the country, that activities in the real estate sectors was not responding accordingly.

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Akintunde, who stated this during the AMF annual Facility Management Roundtable, hinted that he was optimistic that as facilities managers, they can stimulate the desired growth in the property market by instigating positive experience for facility users.

The FM expert who called for collaboration between private and public-sector players in the real estate sector, indicated that the move was a response to feedbacks from last year’s edition of the event where there were calls to include the public sector in discussions around facilities management and real estate contributions to Nigeria’s GDP.


The theme for the 2018 World FM Day: ‘Enabling Positive Experiences’ which is slated for May 16, highlights how facilities managers across the world are playing integral roles in enabling positive experience for all stakeholders in the real estate value chain.

AMF however, domesticated the global theme to reflect the current realities within the country’s real estate and FM industry. Hence the 2018 FM Roundtable is themed: ‘Enabling Positive Experiences in a Post-Recession Real Estate Market’. He pointed out that the theme is quite apt considering the slow recovery of the real estate sector despite exiting recession few months ago.

Meanwhile, the International Facility Management Association (IFMA), Nigerian chapter will be celebrating the 2018 World Facility Management Day with the students of the Government Technical College, Agidingbi, Ikeja. The theme for the celebration is, ‘Enabling Positive Experiences: Inspiring the Technical Students for a Better Tomorrow’.

Pius Iwendu, president, IFMA Nigeria, explained that the World FM Day has become a veritable platform that promotes the importance of facility managers in the overall growth and preservation of infrastructure and assets in the built environment.

The Nigerian FM Roundtable is an annual Business-to-Business event initiated in 2012 by Alpha Mead Facilities, in commemoration of the World Facilities Management Day. It has played host to close to several top executives in the public and private sectors in Nigeria, Ghana and beyond.

By Nkasiobi Oluikpe

What role can mortgage play when economy is diversifying?

The question frequently asked when the mortgage industry is highlighted as economic growth enabler is what role the industry can play when an economy is diversifying.

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In Nigeria today, diversification is a major economic discourse where agriculture and manufacturing come handy as low hanging fruits. Perhaps, other growth sectors also being considered, but not mortgage, not even real estate which is the fulcrum around which the mortgage system revolves.

This is surprising because mortgage and economic growth are almost synonymous. Giving out mortgage to home seekers means encouraging house suppliers to develop more houses

In advanced economies, the mortgage industry makes significant contribution to economic development. In Nigeria, this is not the case because no consideration is given to its potential. This lack of consideration explains why mortgage as a percentage of Gross Domestic Product (GDP), till date, remains low at 0.5 percent, leaving it several steps behind other emerging markets such as Mexico, Malaysia and South Africa where mortgage contributions to GDP are as high as 10 percent, 25 percent and 29 percent respectively.

Mortgage has all the potential to stimulate the economy, but for it to do that, all the obstacles to its growth have to be tackled. The relative ‘newness’ of the industry, lack of understanding of its dynamics and operational models by many Nigerians, and poor appreciation of the need and the ultimate benefit of keeping money in a mortgage bank are some of the militating factors.

Finance experts are of the view that a flourishing mortgage banking industry is an effective tool in the hands of the government as the industry will help in pushing the economy in the desired direction.

Presently, the Federal Government is talking about diversification of the economy to stir it away from the current challenges, but attention doesn’t seem to be paid to the mortgage sector. If government really wants to stimulate the economy, a reduction in the interest rate on mortgage loan will be a master stroke as, all things being equal, more people will embrace mortgage loan to buy houses, leading to increased activities in the construction sector.

Because of the identified obstacles, many primary mortgage banks (PMBs) are going through very difficult times, such that some are still unable to meet up with the capital requirements in the industry. “If government pays a closer attention to the PMBs by removing some of the obstacles that they have such as the drawbacks of the Land Use Act of 1978 which essentially vests land ownership in the hands of the state governors; the right to easily foreclose on delinquent borrowers, ease of creating a legal mortgage and perfecting titles and the ease of falling back on their collateral to recover bad loan etc, this sector will surely improve tremendously”, a mortgage operator observed recently.

The operator who did not want to be named, insisted that until all these issues are resolved in a way that encourages the provider of capital, in this case the mortgage bank, the sector will not grow as desired and he hopes that when these obstacles are removed, the supplier of mortgage will allocate more funds towards the provision of home loans while home buyers will better appreciate the implication of prompt interest and capital repayments as well as ensure discipline on the part of the people.

A realtor who pleaded anonymity affirms that the capital base of the PMBs is inadequate, dismissing the idea of a fixed capital base for mortgage institutions. “Saying that a mortgage institution should have a fixed base of, say N10 billion, is wrong because that amount is not enough, not even N100 billion, given the size of projects they finance. The federal government needs to come in, look at what is happening in other civilized world and copy”, the realtor advised.

In the civilized world, according to him, there is secondary market for real estate financing where commercial banks or individual brokerage banks lend money to people and thereafter sell the securitized certificate to the secondary market and come back again to lend to individuals.

Given the size of Nigeria as a mortgage market, the growth of this industry is possible if the Federal Mortgage Bank of Nigeria (FMBN) plays the role of a regulator while the federal government, through the Central Bank of Nigeria (CBN), empowers the PMBs more.

The Nigerian mortgage industry needs more well established and well funded PMBs. 10 in each state of the federation is not too much and Meckson Innocent Okoro, an estate manager, explains that this is to discourage the concentration of these institutions in urban centres.

When this is done, access to housing finance will be increased; the PMBs must be positioned to champion the whole issue of affordable or social housing for the low income earners in the country. Anything the country wants to do without a functional mortgage system that can guarantee homeownership for a good number of people will not succeed.

Talking about mortgage is talking about housing which is capital intensive and so must have capable institutions to finance it. Increased homeownership will, one way or another, contribute to the country’s GDP which translates to economic growth that diversification seeks to foster.

Chuka Uroko

Sokoto govt to provide 100 houses for low income earners

The Sokoto state government has approved the sum of N240 million for the construction of 100 houses for low income earners.
This was disclosed by the Commissioner, Land and Housing, Alhaji Bello Gwiwa while briefing newsmen on the outcome of the state executive council meeting presided over by Governor Aminu Waziri Tambuwal on Thursday.

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Gwiwa explained that the contract sum was low because the houses would be constructed through a direct labour by the ministry.
He also revealed that the state government had in response to the calls by prominent Nigerians resolved to include non-indigenes among the beneficiaries of government quarters that were being sold out in the state.


He further announced that the three months’ period for the initial payment of 20 percent for the houses was increased to six months to enable the desired occupants pay at ease.
However, in its effort to checkmate the excesses of fuel marketers in the state, the council had approved the sum of N125.8 million for the upgrading of six fuel dumps (mini fuel stations) owned by the state government and the acquisition of Bulk Purchase Licence from NNPC.


Gwiwa said this would make the commodity available at the government approved price in the state.
Similarly, the state government has approved the sum of N268.8 million for the construction of police outpost, roads and the coppers’ lodge at the newly constructed Government Secondary School, Balle in Gudu local government area and N99.9 million for the expansion of Command Girls Science Secondary School, Sokoto.


The Commissioner for Higher Education, Dr. Muhammad Jabbi Kilgori who stated this added that the sum of N158.4 million was also approved for the construction and automation of e-library at the state University as part of requirements for accreditation by the National University Commission.
The council approves another N143.5 million for the purchase of 10 refuse evacuation trucks and N281.7 million for the procurement of FARO 44 rice seed for dry and wet season farming.

AMCON Has No Legal Right Confiscating Our Property, Says Suru Group Boss

There have been concerted efforts by the Asset Management Corporation of Nigeria (AMCON) to illegally take over Best Western Plus Hotel, located on Allen Avenue Ikeja, Lagos, the Chairman of Suru Group, Mr. Edward Akinlade, owner of the property, has alleged.

Speaking recently, during a press briefing in Lagos, Akinlade said AMCON has no legal right in confiscating his property, noting that even after several court judgements to his favour, AMCON is still bent on frustrating him with allegedly illegal court judgement, which AMCON is seeking at the moment with the aim of taking over and selling his property.

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While calling on the federal government as well as the authority concerned to come to his rescue, the Suru Group boss said, “AMCON is committing fraud and judicial recklessness against our company. So, we are calling on the federal government to intervene and call AMCON to order.

“As we speak, AMCON is making arrangement through a receiver to sell the hotel for about N1.7 billion naira (a property worth over N6 billion) in spite of the judgement. Whereas the court has said it was not AMCON property, AMCON wants to sell the property using a fraudulent legal mortgage,” he lamented further.

Recalling how it all started, Akinlade said official of AMCON had in the morning of September 22, 2017 stormed the venue where his property is located with armed policemen to forcefully eject staff and customers from the hotel building in attempt to seal up the facility over allegations of N13.4 billion the hotel allegedly owed Oceanic Bank Plc (now Ecobank).

Expatiating more on the issue, he said, “Our loan was performing under the old Oceanic Bank Plc (now Ecobank) and then the loan was sold to AMCON illegally. So we sued Oceanic bank. AMCON in return sued us in 2014 still on the case, saying that we owed them N15.3billion but the suit was dismissed in 2015 by Justice M.B Idris and the sum of N50 was awarded as cost in favour of our company but AMCON still went to another court last year again and sued, as counter claim, the IG of Police listing our property without mentioning us as a defendant and because no one showed up to defend the case, AMCON came to our property last year with Mobile policemen, teargas, and bullets to kick us out of the hotel. And also, AMCON has been brandishing various amounts which do not concern us.”

Akinlade said however that judgement was again given by another judge, Justice M.S Hassan on March 22, 2018 in his company’s favour. The judge he said stated that the “counter claim is an abuse of judicial process, it seeks to relegate issues that have been determined by the court, it is an attempt to restore Suit No FHC/L/CS/218/2014, which has been dismissed by this court on 22/6/2015.”

He noted however that even after the last judgement, AMCON has still not given up as it has again appealed the judgement. “Judgement was given on the 22nd of March 2018 and AMCON appealed again in the following day, saying the judgement is wrong. But by the judgement we had in March this year, the court said we do not owe AMCON and therefore it cannot seize our property but as at today, AMCON is still sitting in our property at Allen. They have Mobile Police there every day.”

Akinlade who described AMCON’s activities as illegal and fraudulent, lamented that AMCON is trying to frustrate his company to let go its property adding that AMCON is plotting, to sell his property without due process.

The Suru Group boss who apparently is totally frustrated at the moment, stressed that so far it has been catalogue of fraud upon fraud ever since. “Last March, we won the case against AMCON where the court said we do not owe any money and none of our properties should be seized. But AMCON had appealed that judgement soon after the last ruling. Not satisfied, AMCON came again to sue us for a counter claim of N24 billion but the judge demised it completely on March 22, 2018 and ruled that AMCON cannot touch any of our assets.

“The Judge said AMCON cannot buy a performing loan and so we won the case; the Judge said we do not owe AMCON any money and we also won the case, the second time. So what we are saying is that AMCON should go back to Ecobank and collect its money back,” he added.

Counting the lost his company has incurred so far, Akinlade said, “The hotel makes on average about N900 million every year but right now we are making no money. Secondly, we had a Best Western franchise but right now, Best Western has withdrew its name from the hotel because under the agreement we had, once a hotel is closed for three months, they would remove their name. So there is no more Best Western Plus, Ikeja. We have lost that too.”

He lamented further that hotel, which has been closed since September 22, 2017 has items inside worth billions being ruined in the process. Akinlade revealed further that, “When the hotel was functioning, it was valued at N6.2 billion but now AMCON is saying it is valued it at N1.9 billion. So there has been substantial loses, this also includes the loss of our reputation,” he added.

By Mary Ekah

Ambode seeks World Bank’s partnership to fund critical infrastructure

Lagos State Governor, Akinwunmi Ambode, has called on the World Bank to seriously consider partnering the State Government in funding key projects in transport, energy and water sectors.
Ambode made the call on Thursday while playing host to Executive Directors of the bank led by Mr Patrizio Pagano who were on a courtesy visit.

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He said such collaboration would positively impact the economy of not just the state but the country at large.
Governor Ambode said though the state government in the last three years had hugely invested in provision of infrastructure across all sectors and sections, but collaboration from the Bretton Wood institution in key sectors in the state would go a long way in boosting the economy and making life comfortable for the people.


He said available statistics from the United Nations confirmed the fact that an average of 86 people enter Lagos every one hour which is the highest in the world, while the population of the state is now around 24million, with attendant impact on infrastructure and other social amenities.
He added that the complexity of the state makes the need for support in funding key projects more compelling.
“The significance of Lagos to the overall economy of Nigeria itself is not what we want to toy with and so when I read in the brief that the delegation would be coming to Lagos, I thought it was a very good decision that you would be able to see some of the sectors and some of the impact we have made.
“So, if the World Bank were to generally support the development of the Nigerian economy, beyond the fact that you would be having anything to do with the Federal Government, I think that the greater part of what you should concentrate on should be issues that relate to major sectors that have to do with Lagos because anything that is driven by Lagos more or less has an overall positive impact on the Nigerian economy,” Ambode said.


He further informed the delegation that his administration had commenced the process of implementing major reforms in the transport sector with major bus terminals and laybys springing up in key areas across the state, adding however that major support was also needed in areas of integrated transport system involving road, rail and water transportation.
While alluding to the traffic congestion raised on the Airport Road by the leader of the delegation, the Governor said the development was a signpost of the fact that there was urgent need to invest massively in other modes of transportation.
He said: “Unfortunately, with the huge population of Lagos, we just have some effective operation of one mode of transportation which is road. So, technically, when you are having a whole lot of people coming into the state and you are having so much expansion around the West Coast, it is important that we review the integration of our public transport management system in a manner that we can actually stand to say that we are planning ahead of the kind of urbanization challenges that we are having in our hands as well as some sense of implosion in terms of population coming from other parts of the country into Lagos.
“So, technically there are major reforms going on in the public transport system and because the roads and the infrastructure are the things that are visible right now, it is important that we seek greater support to be able to create new terminals, create new lay-bys, new bus stops and actually even purchase new buses because when you look at the bus system in the city, it cannot actually meet the demand of a globally competitive city that we are trying to make Lagos to become.


“In that regard, I just think that the transport sector is one area that we really need to look at and if we are able to make a good example and a good success of what Lagos should really be in terms of integrated transport system, we would have helped Nigeria to create an example and we would have also been able to replicate it in other parts of the country,” the Governor said.
He said Lagos, being a sub-national was also having challenges in providing energy to adequately power the state, as well as in the area of providing portable water to the huge population due to competing pressure on resources. He noted that other support to augment efforts being made by the State Government would equally be helpful.
Earlier, Pagano said the delegation, which consists of 10 World Bank Executive Directors representing 96 countries, was in Nigeria to study the challenges and expectations of the partners in West Africa from the bank, saying the team was delighted to learn the challenges faced by Lagos, which he described as Nigeria’s most dynamic state.

LAF theme of architectural regeneration complements Lagos efforts on mega city –Ambode

The Lagos State Governor, Mr. Akinwumi Ambode, has assured the Lagos State chapter of the Nigerian Institute of Architects (NIA) that since the year’s LAF theme of “Architectural Regeneration: The Lagos Response” is relevant to the government’s approach towards creating the mega city, the state will give it the required support.

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Speaking while flagging off the NIA Lagos chapter 2018 Lagos Architects Forum (LAF) 9.0 that had in attendance many firms in the built environment sector where most of them are from Austria, the Lagos State Governor said, “we wish to have all that we envy in those built foreign lands in Lagos.”

The Governor who was represented by Mr. Remi Adebo of the state’s Ministry of Housing said the state’s plan for regeneration has led it to embark on various projects in and around the state including some laudable projects such as the Ilubrin Residential Scheme (IRS), Oworonshoki Mega Transport hub, transformation of Epe and revitalisation of Oshodi.

Ambode said the Lagos response is unique because it is a city with a growing population on a steady rise everyday. “It is our goal and vision to provide an environment sustainable and comparable to any around the world. We know we cannot do this alone by ourselves but with the help of professionals such as you to partner with us to achieve this goal. “I am extremely glad and elated to see you architects taking up the challenges and deliberating on solutions at this forum and looking forward to receiving feedback, which we hope to be able to implement for the good of our city. It is our dream that all architects have a place in the Lagos history of today and with the help of government, we pledge to support you and your great initiatives. We hope to be one day like Dubai where architects have found a haven.

“I have been privileged to have insights into what you do and I must say it is an under-appreciated profession. I wish we had more architects in the public service and hope some of you will join us pretty soon.

In his opening remarks, the Chairman of NIA, Lagos State chapter, Mr. Fitzgerald Umah, said the aim of the programme was also to get the government to know the needs of the sector as it relates to the economy. He said, “this is why we have professionals from other climes to witness and make input as to ways of transforming our own environment.”

Umah said that although the sector intends to move ahead, it has great challenges that include but not limited to the increase of quacks and public patronage as a result of poor economy.

How you can start small scale rental estate in Nigeria

Buying and selling of land in Nigeria, especially in the urban and suburban cities, is the most risky aspect of real estate investment. At least, 50 per cent of cases in Nigerian courts are land related. Building house for rent is the most troubling issue in Nigeria as tenants will make your life miserable. And the chances of getting your rent when due is less than 3 per cent.

The most profitable niche in real estate investment anywhere in the world, including Nigeria, is building houses for sale. An instance is, if you invest N100 million to build one house, be sure of selling it for more than N200 million. It may take time to sell but when it finally does, you will be in money. There are countless people looking for houses to buy in Lagos, Abuja, Port Harcourt and other major cities in the country.

Real Estate Agency is another powerful aspect of real estate business that is generating money for the operators without much effort. Sometimes, little or no investment is required to get started. For starters in real estate business in Nigeria, you may not have huge sums of money to get started. This is because a lot of people would prefer to build two-bedroom flat at a time and rent, come again with three or four bedrooms and rent them. As time goes on, and with judicious finance management, he grows to make it an estate. Most people become lethargic when it comes to building estates because those who have deep financial pockets carry the projects in such a way that those venturing into the business with lean purse get frightened.

Those who want to venture into real estate business without huge capital have got some factors to consider to make a smooth dive into it. One of these factors that will make you succeed in this career include your ability to have little knowledge of the real estate terrain in Nigeria. Just as you have to carry out a thorough research on any business you are starting, you need to do so in this sector. How does the sector work? Who are the big players? What exactly do they do? How do they serve their clients? What laws guide operations in the city/state where you want to operate in Nigeria? And so on. Your research may include learning from those whose real estate business is thriving. You can get books on real estate business or follow a mentor in real estate. Getting adequate information will feed you with the preliminary information you need to succeed.

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It is no gainsaying that anyone who wants to start a project, whether a bedroom or three-bedroom flat, is sure to make some spending. If you did your research well, you must have known the minimum amount of money it will require to get you started depending on the scale at which you choose to start. It is advised that you don’t take a loan to start a business because of the uncertainties that may arise when starting a business. Businesses are toxic risks and it will not be advisable to start a toxic business with loaned money. That is capable of sending you to the world beyond. It can also cause high blood pressure and lead to eventual incapacitation. The best bet is to start on a small scale and then rise gradually.

For you to start the project, it is very advisable to draw the plan and remember all the little things that are part of the project. That will give you clue on whether you are good to go or you need little savings to get started. You are not yet in business if you don’t have a written plan. It shows you where you are going and how to get there and if it is viable to go there in the first place. Let your business plan include your business goals, units of the business, stages of growth, source of funds and every other relevant thing that will get you focused on your goal. If your business plan is well written, you may attract investors.

The saying that anything worth doing is worth doing well is a wise saying when it comes to property development. This is because a single mistake that is noticed even after the project is completed could result in demolishing of the entire building. This is why one should secure all authentication for every single document. That will make your real estate business legal and recognised.

Business registration is important, especially in this sector. You must register with Corporate Affairs Commission (CAC) and get a certificate to operate as a business. There are also associations and agencies that regulate real estate operations in Nigeria. For example, Real Estate Developers Association of Nigeria (REDAN). You must align with the authorities that are related to real estate for you to operate well.

Your corporate personality is critical to your business success. The image you project will tell whether your would-be clients can trust their investments into your hands. You cannot be a player in the real estate sector and have your office in a shanty. You must get a good office facility and ensure that it is well furnished. Although this is necessary, you also must be careful where the office is located as paying too much on rent can eat too deep into what profits should have been ploughed back into the business for expansion.

You know that right professionals manage the activities of their profession better so you must also higher the right professionals. This is a business and it is definitely not one you can run alone, even if you are the one with the idea for the business. You will need the service of professionals to carry out daily operations so that things can move seamlessly. Office and field staff, marketers, engineers, architects, electricians, surveyors, and the rest of them. Apart from the office and field staff, others can be hired on a contract basis.

Real estate business is capital intensive and requires huge investment. If you do not have enough, it is imperative that you seek investors who can partner with you. You can look for equity investors or talk to mortgage or commercial banks for long term loans that can give you enough leverage at the start and accelerate growth. There are different ways of playing in this sector. You can be an agent or developer. If you are into development, you need to get landed properties and start actual construction. Some real estate operators re-sell some portions of the land to clients and help them build and build other portions and sell houses outrightly.

How do you intend to do yours? You must decide. It is no longer news that not having a website for your business is digging the grave of that business from the onset. Quite a number of the people you might want to serve are likely to be checking out the internet for credible real estate companies they can do business with.

Hire the service of a website designer and Site Executive Officer (SEO) consultant, to get a good website running. The work of the SEO consultant is to ensure that your site ranks high in search engine searches.

Have a functional and interactive website where prospective clients can make enquiries and see photos of available options of property when you begin to have them or likely ones that would come up later. Also ensure that the site has contact information and someone is available to monitor and respond promptly to enquiries.

There should be days of the week where you (and your staff) will be dressed in branded shirts. Your marketers should often wear the branded shirts for marketing purposes. If you have cars, brand them in the name of your company. You should also have other branded materials as souvenirs to give to prospective clients who come in to make enquiries.

One additional thing you will also have to do is to advertise. You must blow your trumpet and announce to the real estate buying market that you are here and here to stay. Announce your arrival in the real estate market. Use handbills, local/national newspapers, real estate journals, radio, television and as much as your budget can permit to advertise. Bottom line is, don’t wink in darkness. If you do, no one else will notice except you.

According to Mr. Oluwakemi Adeyemo, an enthusiast of real estate, said real estate investment is something very many people are interested in even though they don’t know how to go about it. “It is absolutely important to have investments in real estate. I tell people that it is a fundamental human right backed by Nigeria’s constitution to have real asset anywhere in Nigeria.

A handful of Nigerians, home and abroad, want affordable property to own as homes and also as investment for cash flow. However, we also need to look at the profitability and appreciation of the investment over long, short and mid term periods. Nonetheless, before choosing a location to invest in, one should consider a whole lot of other factors. To invest in real estate, there are some perspectives to this to guide investors on profitable, good titled investments especially in Lagos,” he said.

According to Amos Eguabor, property agent, who is glad that more and more people are beginning to appreciate the industry, “one fact we need to know and accept is that business is like a wheel barrow. Nothing happens until you start pushing. Money loses value over time, particularly in a period when a nation is experiencing or has experienced recession. However, if you invest your money in real estate, your investment will help you save money. It also helps you grow your money.

For Robert Kiyosaki, an American businessman whose large portion of his business empire and wealth is concentrated in real estate investing, the philosophy of the rich and the poor is this: “the rich invest their money and spend what is left. The poor spend their money and invest what is left. To be rich, remain rich or help save your money, please, invest in real estate,” he stated.

For Taiwo Adewale, staff of first Real Estate Network Marketing Company in Africa, “real estate business is the only business today that can assure you of 200 per cent return on investment just because you can never go wrong with it. Mind you, real estate in

Nigeria today requires careful evaluation, so be at your best while searching for which real estate firm to work with. To start, there are a lot of tutorials you can lay hands on for you to be an independent consultant and earn a reasonable amount consistently depending on your level of commitment to the business,” Adewale said.

Day rain storm destroyed cars, buildings, others in Rivers

Storm, on Monday evening, destroyed buildings, cars and other properties in various parts of Rivers State.

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The heavy rain began around 4:00 p.m. Trees, electric and other poles and telecommunication masts, among others were blown down. The storm left in its trail destruction as the polls and trees collapse on buildings; damaging roofs and properties. Roofs on high rise buildings were either completely removed or seriously damaged.

Though unconfirmed reports said some lives were lost, even as the state police command was not sure anyone died in the storm.

The spokesman of the command, Nnamdi Omoni, a Deputy Superintendent of Police (DSP), said: “As we speak now, we have not had any report that anyone died. Let the rumour bearers tell you the location the people were said to have died.”
The worse hit in the storm that lasted barely one hour was “Captain Elechi Amadi Polytechnic (aka) Port Harcourt Polytechnic, established by the Governor Nyesom Wike-led administration three years ago.

Eight of the structures on the campus were severely damaged by the storm, disrupting their ongoing second semester examinations which began the same day.

The building housing the office of the Rector and his Deputy were not spared, the roofing sheet were partly blown off, apparently sacking the duo from their offices. Tables, chairs and documents were reportedly drenched by the rain.

When our reporter visited the scene in the afternoon, officials of the institution were stranded, lurking around their office buildings, with no place to operate from. Some of them were busy sorting the documents and taking them to unknown destinations.

The structure housing Niger Delta Science School (NDSS), established in the institution and operated by the Niger Delta Development Commission (NDDC), was also destroyed by the storm. The roof and ceiling boards of the administrative block were removed, and the offices flooded.

Officials of the state government, including the Commissioners for Special Duties and Education, have visited the scene to ascertain the extent of damage.

FG seeks land to complete 1000 housing units in Kwara

The Federal Government has appealed to Kwara State government to provide land to enable it complete the second phase of the 1000 housing units designed for the state.

This is even as it summoned the contractor handling Michael Imoudu Way, Ilorin to Abuja to explain the delay over the completion of the road project. Minster of State for Power, Works, and Housing, Suleiman Hassan, said this in Ilorin during a courtesy call on Governor Abdulfatah Ahmed in his office after the inspection tour of Federal Government projects in North Central geo-political zone of the country.

He inspected Kabba road, Ilorin road, Offa bye-pass and Ajaseipo-Offa road among others, which he expressed satisfaction except the one opposite Michael Imoudu National Institute for Labour Studies, MINILS, along Ajaseipo Road, Ilorin for which he summoned the contractor to Abuja. His words:

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“We have cluster of houses in Kwara, about 1000 housing units, and we are almost through with the compensation. We are moving to the second phase and we are appealing to the Kwara State government to provide land to enable us complete them in good time.”

By Demola Akinyemi

Bello, FCT Minister Commissions ASO Garden Estate, Karsana

ASO Garden Estate, Karsana, Abuja, multi-billion naira residential apartments financed by ASO Savings & Loans Plc. will be commissioned on Friday May 11th and this is official. In a statement by ASO Savings & Loans Plc., the Honorable Minister of the Federal Capital Territory, FCT, Mohammed Bello is expected as the Chairman of the occasion while the Managing Director of Federal Mortgage Bank of Nigeria, FMBN, Arc. Ahmed Musa Dangiwa will be in attendance as co-chairman.

FCT Minister, Malam Muhammad Musa-Bello The Honorable Minister, FCT, Alhaji Bello who is the Special Guest of Honour in his capacity as the day’s chairman will conduct guests on a tour of the estate and thereafter unveil the plaque.

The Chairman of the Board of Directors of ASO Savings & Loans Plc, Alhaji Ali Magashi will deliver a special address, while the welcome address will be delivered by the Executive Director, Risikatu Ahmed. ASO Garden Estate is a serene community of exquisite homes on a 27 hectare site, located just after Gwarinpa, along the Kubwa Express Road, precisely beside the Papal Ground. The site of the estate is located within the Karsana East District which is part of Abuja Phase IV.

The estate will be developed in phases. The first phase consists of 249 housing units of 2 & 3 bedroom blocks of flat and 3 units of 4 bedroom terraces. It is this first phase that is billed for commission on Friday. To provide the ultimate lifestyle experience, the estate is in a serene environment and displays high quality infrastructures, recreational area and civic facilities.

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