Category: Building & Properties

  • Ogun insists on stopping new filling stations

    The Ogun State Government has said the suspension placed on construction of new filling stations across the state is still in force.

    Commissioner for Urban and Physical Planning, Mr. Gbenga Otenuga, who made the clarification in Abeokuta in a chat, said the ban has not been lifted.

    He warned that thhe government would not hesitate to demolish any filling station under construction in violation of its ban.

    The commissioner explained that the government took the decision when it discovered that some people were flouting its order.

    According to Otenuga, the order will remain in force till when the government comes out with a master plan.

    He said the master plan will, among others, spell out in clear terms the requirements for establishing fuel stations in accordance with the state’s town planning laws.

    “The master plan will help in determining conducive locations, development and spatial distribution of filling stations in the state so that it can fall in line with the Ogun State standard,” Otenuga said.

    The commissioner said regardless of the desire of the government to enhance socio-economic development and encourage development, extant laws on physical development should not be trampled upon to prevent haphazardous growth that might lead to slums later.

    He urged members of the public interested in physical development to always follow due process by visiting the nearest town planning office to ascertain the status of the land on which they want to build and obtain necessary documents as demanded by the law.

    “We are appealing to developers to follow the laws and regulations and ensure that they obtain building plan approval for whatever development they want to carry out in the state, this is imperative to prevent demolition, much as we want development, government will not condone lawlessness,” Otenuga said

  • Lagos hands over Oshodi market

    Lagos Sate government has inaugurated and handed over to traders, the popular Oshodi Market, Isopakodowo, located within the Oshodi suburb. The market was reconstructed by the government.

    The contract for the reconstruction of the market was awarded in 2009 with 571 shops, including stalls for saw millers and electronics shops rebuilt.

    Speaking during the ceremony, Lagos State Governor, Babatunde Fashola (SAN) said his administration will continue to make lives of the people better, adding that trading has been a foremost activity of the people and over 50 per cent of the economy of Lagos comes from it.

    While urging the people to support the government by utilising the facilities in a manner that will justify the goals of re-constructing the market, Fashola said appropriate facility managers will be appointed to ensure that the market is in top shape.

    He disclosed that traders displaced from the railway lines and road median would have a first offer, adding that 374 of them had been given shops in the new market.

    While assuring the traders of adequate security with the installation of close circuit television (CCTv) cameras in the modern market, Fashola urged them to be watchdogs over those fond of not taking appropriate trade permits.

    He urged the people to desist from erecting klee klamp inside the market. He also urged local government areas to assist the state in ensuring that people get the necessary permit before erecting structures.

    While stating the commitment of his administration to undertake reconstruction of some roads, he said the rehabilitation contract of main Oshodi Road had been awarded and the contractor would soon move to site. He said the government would consider inner roads in the local government when it plans new road contracts.

    Earlier in his address, Commissioner for Works and Infrastructure, Dr. Obafemi Hamzat said the re-construction of the market was important for the economy and the social development of the people of the state.

    He said the market is equipped with firefighting equipment, 22 toilets, CCTv cameras, two standby generators and a borehole, adding that the market is another demonstration of the government to develop every sphere of the state.

  • Will the housing gap be bridged in 2014?

    Will the housing gap be bridged in 2014?

    By midnight, it will be bye-bye 2013 and welcome 2014. In the construction and built environment sector, the year was full of activities, but little was achieved. Seyi Odewale reports that much needs to be done in 2014.

    We recognise that Nigeria’s infrastructure deficit remains one of the binding constraints to growth in the economy. Therefore, our strategy is to prioritise infrastructure investments in the budget, and also to leverage additional external financing for infrastructure investments in the country.”

    These were the words of the Coordinating Minister for the Economy and Finance Minister, Dr Ngozi Okonjo-Iweala, while addressing the National Assembly on the 2013 appropriation budget.

    With those words, the 2013 fiscal year took off on a promising note, particularly, for the Works and Housing ministries, which deal more on infrastructure and provision of houses. With about 20 per cent of the N4.987 trillion budgeted for the year being allocated to works and its sister ministry, the completion of capital projects and housing delivery were expected to be the priorities of these ministries.

    Then, Dr Okonjo-Iweala told the National Assembly that there would be reforms in the housing sector. The reforms, she said, would be accelerated with the planned increase in access to mortgage finance through the establishment of a mortgage refinance company (MRC), promising that the supporting fiscal measures of the last two years would be sustained to support the growth of the real sector.

    The former Minister of Lands, Housing and Urban Development, Ms Amal Pepple, said the ministry was constructing six Federal Secretariats in different parts of the country for N15. 28 billion.

    With the ministry’s mandate of formulating policies and setting standards; coordinating activities and providing oversight; monitoring the implementation of policies and enforcing compliance with codes, regulations and standards; providing, upgrading and maintaining infrastructure for the house stock, including public buildings of Federal Ministries; promoting sustainable development of liveable, functional and productive towns and cities, the nation expected a substantially successful story about the activities of the ministry in the year under review.

    The ministry, with its parastatals, also has the duty of supporting state governments in the realisation of the national strategic goals in the housing and urban development sector; and forging partnerships with key stakeholders, including the organised private sector and development partners, to advance the national agenda on effective land administration and management, affordable housing delivery and sustainable urban development. An assessment of these key roles would let us into how the ministry fared in these regards.

    Housing delivery

    The 17 million-gap has been a major concern for all. The World Bank has estimated that the cost of bridging the nation’s 17 million housing deficit is N59.5 trillion. This is not too far from the estimated figure of the Federal Mortgage Bank of Nigeria (FMBN) which had put it at about N56 trillion to be able to adequately meet the housing needs of Nigerians.

    Its Managing Director, Mr. Gimba Ya’u Kumo, said the figure is based on a conservative cost of construction at N3.5million per unit.

    “Fundamentally, the nation needs 16 million housing units to bridge the housing deficits in the country, and providing these houses will cost N56 trillion at a conservative cost of N3.5million per unit. This is a colossal amount which cannot be funded only through the NHF, but requires urgent injection of funds from both the government and the private sector. That is why we are as well exploring offshore funding to boost financing for mass housing which the nation urgently needs,” he said.

    But experts have identified the Land Use Act of 1978, which vests ownership of land in state governors, and a cumbersome property registration process as barriers to housing development and home-ownership.

    With the little efforts of Amal Pepple, ‘considerable achievements’ were made in housing delivery, although still far from dwarfing the challenges. Before she was relieved of her duties, she said her ministry delivered 8,069 houses and 256 housing units under its prototype housing scheme in 2012, hoping to improve on the figure in the year under review.

    She also said about 626 housing units under the ministry’s public private partnership scheme, 850 under the Federal Housing Authority (FHA) and 3, 529 housing units had been developed through loans obtained from the Federal Mortgage Bank (FMBN).

    And with the bank’s large scale automation to eliminate inefficiencies of the previous manual mode of operations, there is an expansion in coverage in terms of mortgage services to the informal sector, which constitutes about 85 per cent of the country’s working population.

    The Ministry, in collaboration with the ASO Savings and Loans Plc and the FMBN, according to her, was developing144 mixed housing units of 1-3 bedroom apartments at Lugbe, Abuja. The project was, however stalled because of the resolution of some outstanding issues with the Federal Capital Territory Authority and Federal Capital Development Agency.

    Real estate sector

    Real estate and financial experts, who agreed with the World Bank’s submission, said the real estate sector remained a viable option for investors seeking guaranteed returns on investments.

    In the estimation of the World Bank, some of the numerous opportunities available in the sector include private equity partnerships capable of making big investments; financial institutions which can float real estate funds; pension regulators who can build a robust framework for real estate funds investment; adaptive re-use of properties by banks in the form of converting properties and taking stakes in new deals; opportunities for hotels, events and recreational centres, shopping malls, estates, among others.

    However, the real estate industry accounts for between four and five per cent of total Gross Domestic Product (GDP), while the mortgage industry, in the estimation of the World Bank, remained underdeveloped with interest rates on mortgage funds unbearably higher. This has made the business unattractive. Not helping the situation is the National Housing Fund (NHF) scheme, which in the past contributed to the deficit.

    Established by Act 3 of 1992, the NHF was for a long time almost moribund, but with the present administration efforts at reviving it, it is hoped it will help in the provision of affordable housing for all. However, a proper management and administration of the contributory savings scheme should be enforced.

    However, it has been reported that the NHF collection has geometrically risen to almost 300 per cent from the average monthly collection of N730 million to over N2.1 billion. And within 30 months, the NHF has posted over 53 per cent of cumulative collections of N110.79 billion since 1992. Reports also said there has been an unprecedented improvement in NHF refund of contributions, which grew by 196 per cent from N990 million to N1.94billion within 30 months. However, much still needs to be done Nigerians say.

    Land Administration

    On land administration, about 2,667 applicants were granted Certificates of Occupancy (C of O), 1,651 given consent for transfer of land titles and 3,787 benefitted from the serviced plots created by the ministry. The ministry, it was gathered, was working in partnership with the Presidential Technical Committee on Land Reform, and other stakeholders, to address the plethora of issues in land administration and management. The aim is to ensure that land owners have secured titles and bankable assets.

    National Building Code

    On National Building Code, a new code was presented to the National Assembly just before the minister was relieved of her duties. She had said: “We are going to present the new code to the public on August 22, and after that, we will go to Federal Executive Council.”

    The Building Code, which was published in 2006, was reviewed and updated by the Ministry, in collaboration with the National Building Code Advisory Committee. On approval by the Federal Executive Council, the Ministry would champion the process of ensuring compliance with its provisions through proper enforcement by the three tiers of government, professional and regulatory bodies, and other relevant stakeholders.

    The House of Representatives commenced the process of enacting a law to enforce the provisions of the Building Code in the Federal Capital Territory, Abuja and in consonance with Sections 1, 2 and 3 of the Code, all the states of the Federation are expected to domesticate the proposed Act of the National Assembly in their respective states to ensure effective implementation of the Code nationwide. But this regrettably, has not been achieved.

    Alternative housing technologies

    The ministry made a significant development in the adoption of alternative building technologies in some of the project sites. The light gauge steel construction technology, plasswall and plassmolite technology, hydraform technology, and burnt bricks were some of the ones that helped in housing delivery

    The housing units at Kuje, the ministry said, were delivered using the light gauge steel technology, which was facilitated by the establishment of a factory for the production of steel profiles. The factory, according to the ministry, has the capacity to produce the components for two housing units in a day. “During housing construction, 15 people work on a twin block of three-bedroom and built it in 10 days after foundation,” the ministry said.

    The loss of the ministry, however, became the gain of the private developers and real estate players. Although they too were not happy with the tempo in the industry, they are still in business especially in major cities where accommodation pose serious problems.

    Building collapse

    There were instances of building collapse across the nation, which claimed many lives. Some occurred in parts of the Federal Capital Territory (FCT), Abuja while others occured in Kano, Ibadan and many other states across the country killing several people and damaging properties worth millions of naira.

    Lagos State had a larger percentage of building collapse involving two-storey, three-storey, four-floor, two-floor and basement, seven-floor cause-level buildings. Several lives were lost to the disaster.

    This development has made the state to take stringent measures on owners and developers of collapsed buildings. The measures include ensuring that intending builder or owner of any building should before the erection of any building, secure development permit and approval from the relevant authority in the state before commencing construction work and engage the service of qualified professionals in construction sector such as architects, civil engineers, builders, town planners, surveyors, quantity surveyors and electrical engineers. They must also be registered members of their various professional bodies in the execution of the project.

    Premium has also been placed on the usage of standard and quality building materials in the construction work and where the development is above a bungalow, insurance policy should be taken to cover the risk against loss of life, bodily harm and damage to surrounding the property.

    With the enforcement of the proposed revived building code, Nigerians believe that sanity would be brought to the construction industry and the built environment across the nation. But sadly, the nation’s National Assembly is yet to pass the bill into law.

     

  • Recapitalisation: Mortgage firms know fate Jan 2

    AS deadline for recapilisation of 90 Primary Mortage Banks (PMBs) in the housing finance sub-sector expires today, the Central Bank of Nigeria (CBN) may release the list of successful operators on January 2, 2014.

    Last March, CBN extended the deadline from April 30 to today following the PMBs’ request for more time.

    Under the revised guidelines for PMBs, those operating nationally are to raise their capitals to N15billion and state operators, N2.5billion.

    In a circular, the apex bank said the shift in date was meant, “ to afford all affected PMBs sufficient time to exercise any of the options for capital raising, business combination and downscaling.

    “All PMBs are once again strongly advised to conduct due diligence and seek professional advice in exercising any of the options and to conclude the processes before the new deadline in order to allow sufficient time for capital verification and necessary regulatory approvals.’’

    The circular added: “All directors, particularly the Managing Directors/ CEOs of all PMBs, are again reminded that prior approval of the CBN is required before the disposal of assets of the bank, as they will be held jointly and severally liable for any asset stripping.”

    Under the fresh guidelines, mortgage firms were categorised into national and state mortgage firms, while the national PMIs are allowed to operate in any or all parts of the federation after the payment of a new N5 billion minimum paid up capital, the state’s PMIs are restricted to only one state at the payment of N2.5 billion.

    But it is not clear yet those who have complied so far. Mortgage Banking Association of Nigeria (MBAN) President, Femi Johnson could not ascertain the number of those that have met the requirement.

    He said: ‘‘I don’t know the numbers of mortgage banks that have met the deadline, but I know some will not meet it. CBN has all the figures. It is impossible for all to meet the deadline, though a lot of people will meet it. It is the CBN that will audit the account of the mortgage banks to know if they meet the consolidation deadline.

    “Not all will meet it, people will tell you stories and some that are not able to meet it will definitely become Micro-Finance Companies (MFCs). It is the CBN that will determine that.”

    MBAN Executive Secretary, Mr. Kayode Omotosho would also not hazard any guess. According to him, all operators would be willing to comply. “It is when the deadline elapses that we will know those who meet it and those who fail to meet the deadline. They are all prepared and it is CBN that will determine that.”

    The total assets base of the mortgage banking industry stood at N357.1 billion as at December 2011, while the four largest PMBs listed on the nation’s capital market accounted for 39 per cent of industry’s total asset and 54 per cent of loans.

    As at press time, it could not be ascertained how many PMBs have met the requirements. The apex bank spokesperson, Mr.Ugochukwu Okoroafor, who was on Christmas break, spoke with The Nation on phone and promised to give an update later. Some officials of MBAN, who spoke on condition of anonymity said they are at a loss about those who have met the requirements.

    “No one knows those who have recapitalised. CBN may make the list known by January 2,” said one of them.

    According to experts, there are many factors why the mortgage market is not thriving well. These include underwriting standards, high cost of property transaction, lack of a secondary mortgage market, housing supply deficit, weak capital, poor legal framework, titling challenges, high cost of funds, absence of MRC and dearth of long term funds.

    To mitigate these, government is planning to increase the number of mortgage loans from the current 20,000 loans to over 200,000 loans within the next five years.

    One of the new initiatives to facilitate this is the establishment of the Nigeria Mortgage Refinancing Company (NMRC), which is set up to be a secondary mortgage bank to refinance mortgages originated by mortgage banks and commercial banks.

    The World Bank has already put down $300 million as a 40-year loan with a low interest rate to the company. The company is primarily owned by Mortgage Banks and Commercial banks, with a startup capital of N6 billion and it will be private sector owned and operated.

  • More surveyors registered

    No fewer than 2,190 quantity surveyors and 167 firms have been registered by the Quantity Surveyors Registration Board (QSRBN) since it was founded in 1989. Also, about 903 quantity surveyors and 113 practising firms were registered between 2010 and 2013, representing 41.23 per cent for individuals and 67.66 per cent for firms.

    QSRBN President Mallam Husaini Dikko, who gave the statistics in Abuja during the induction of 275 individuals and 18 practising firms, urged them to strive to uphold the ethics of the profession by giving value for money in all their undertakings.

    Established in 1986 by Act No.31, the board is empowered to determine what standards of knowledge and skill are to be attained by persons seeking to be registered as quantity surveyors and raising those standards from time to time as circumstances dictate.

    “Quantity Surveying is a profession which is founded on achieving value for money as well as financial probity and accountability at all stages of construction project development. Simply put, value for money means obtaining a high value at a low cost where possible obtaining the highest value at the lowest cost thus reducing cognitive dissonance to the barest minimum,” he said.

    He said in the face of limited resources and competing needs, value for money should form the cardinal feature of public expenditure. He added that this was the only way surveyors could use the limited resources available to government to maximum effect.

    He admonished the newly registered surveyors and firms to continue to respect the oath of allegiance to the profession. It is in doing so according to him, that the frontier of the profession could be effectively expanded and deployed for the growth of the nation.

    “I need to remind the inductees and indeed all registered quantity surveyors of the need to keep faith with their oath of allegiance to the profession and always project the profession in positive light at all times. All registered quantity surveyors must operate within the ethics of the profession.

    “You must not present a bad image of the profession to the society. The board’s disciplinary hammer has already fallen on two registered quantity surveyors for conducts unbecoming of a registered quantity surveyor and professional negligence,” he said.

     

  • Waiting for justice

    Waiting for justice

    Some months ago, The Nation broke the story on the property scam at the Lagos Building Investment Company (LBIC). Consequently, the House of Assembly found that all is not well with the firm. But there is no reprieve for the victims yet, reports Eric Ikhilae.

    Hundreds of subscribers allegedly defrauded by agents of the Lagos Building Investment Company (LBIC) are worried over the delay in getting justice.

    Many of them who spoke with The Nation, cited what they call the reluctance of the government in taking a definite step on the issue despite establishing that LBIC’s management and officials allegedly acted illegally.

    They referred to last month’s adoption of the report by the Committee set up by the House of Assembly to investigate the company.

    The Committee, headed by Hon. Adefunmilayo Tejuoso, accused LBIC officials of fraud, resulting in some subscribers losing their investments.

    The victims noted that beyond the lawmakers’ investigation, Governor Babatunde Fashola earlier this year, directed the Attorney-General and Commissioner for Justice, Ade Ipaye to also investigate the case.

    On March 12, The Nation exclusively reported how LBIC officials and agents were fleecing subscribers.

    The report, which highlighted the plights of Johnson Olawale Atoyebi, Adeniyi Olanrewaju, Alhaji Ajani Adedibu and Alhaji Jimoh Akewusure, said subscribers lost their investments through a contrived scheme where people were encouraged to subscribe to non-available houses. Through such subscriptions, their funds, running into millions of naira, were either tied down for years or lost.

    The investigations revealed that there were instances where allocations were deliberately delayed after full payments had been made. In some other cases, subscribers were allocated houses years after payment, and necessary documents were withheld. Also, subscribers’ funds were deliberately held down without any explanation, and in cases where part-payments were made, no official receipts were issued.

    Shortly after the story, the House raised a three-man Committee headed by Tejuosho, to investigate the case. The committee, whose other members included O. Ogundimu and Remi Olowo, invited some of the victims and members of LBIC’s management, including its Managing Director, Mr Tunde Jinadu.

    The report contained details of fraud, extortions and sharp practices by LBIC officials, thus confirming the story.

    In its report, the Committee discovered that LBIC’s officials and agents conspired to defraud members of the public of millions of naira, including disabled woman who parted with N3.5million.

    Uncovered also, were instances where the company’s officials unlawfully withheld LBIC’s funds, deprived or withdrew apartments from applicants whose allocations were earlier made, among other sharp practices.

    The House Committee on Finance was said to have recommended that the company’s management team be sacked and its board disbanded.

    It also recommended improved supervision of LBIC’s activities by the Ministry of Finance and related departments. The committee ordered that the company should make some refunds to the affected victims.

    The House adopted the report, but refrained from deciding the fate of the company based on the recommendations of the investigating Committee.

    The lawmakers, it was learnt, chose to defer to the Executive, which by then had also conducted its investigation on the activities of the company and later announced its injection of N1.2billion into the company to address its funding challenges. Lagos State government owns 80.6 per cent equity in the company.

    The Nation learnt that the investigation ordered by Fashola was influenced by a petition dated May 21 and a reminder dated June 14, written by a lawyer, Wahab Shittu.

    The Governor, on receiving the letters, sent them to the Attorney-General for investigation.

    It was gathered that although Jinadu had been due to retire, Fashola insisted that he stayed till the end of the probe before leaving.

    The Attorney-General consequently assigned the Directorate of Advisory Services and Judiciary Liaison (DASJL), an office within the state’s Justice Ministry, to investigate the matter and advise the ministry on the appropriate step to take.

    An Assistant Chief Counsel with the DASJL, Mrs I. I. Isinjola confirmed the directive by the Governor in a letter to Shittu, dated June 19 this year.

    The letter reads: “I am directed to acknowledge the receipt of your letter addressed to the Executive Governor of Lagos State, a copy of which was forwarded to the office of the Attorney-General.

    “I am further directed to inform you that the letter is receiving the necessary attention.”

    It was learnt that the DASJL had since completed its assignment and handed its report to the Attorney-General. But rather than move against the management and officials of LBIC found to have acted unethically, the state government appeared unwilling.

    “We have since completed our investigation. The management and officials of LBIC were very uncooperative. But that confirmed the allegations against them. I can hardly imagine that such things are happening in this state and nobody seems to be willing to take drastic actions against state officials involved in such unethical and criminal conduct,” an official of the state’s Justice Ministry said.

    Rather than working with the information it has, including the report of the House of Assembly, The Nation gathered that the Attorney-General has again written to Shittu to furnish it with more information on the case. Specifically, the AG was said to have asked Shittu to provide his office with, among others, documentary evidence; a request the lawyer had since acceded to.

    Since that episode, nothing has been heard from the government, thus fueling the victims’ doubt about the state’s commitment to ensuring justice in the case.

     

  • Many landlords’ve no documents of ownership, says Amosun

    Many landlords’ve no documents of ownership, says Amosun

    Many property owners in Ogun State have no legal titles to affirm their ownership, Governor Ibikunle Amosun has said. Amosun, who made this known at the launch of the State’s Home Owners Charter last week, said: “Such property, no matter how valuable, cannot be offered as security for even the smallest loan.”

    He said: “In terms of valuation in sales transactions, most properties are relatively undervalued compared to similar ones in neighbouring states. This is a direct consequence of the absence of documentation.  In addition, our courts are regularly inundated with cases relating to property disputes that would be avoided if standard documentation were widely available.”

    He said property ownership is more than serving the basic needs of shelter; it is the single most important and valuable investments a person can make.

    He said: “Property across the world is prized and cherished, it is passed from generations to generations through wills, selling and exchanging. It also supports many financial transactions. A vibrant property market must be orderly, easy to understand and the standards of proof of ownership must be widely understood and adhered to. That is the standard set for Ogun State. All over the developed world, property is a convertible commodity that is used as collateral and for raising funds.”

    Amosun said as part of his administration’s commitment to the provision of affordable housing and urban renewal, an ambitious Geographical Information System (GIS) project to “automate our land processing systems and land records” was embarked upon.

    “This GIS project involved satellite imaging of the entire state which was undertaken remotely over a period of 12 months. The resulting data provided detailed images of the entire state, showing each individual building,” he said.

    The GIS finding, he noted, revealed that the “level of development in certain Local Government Areas was significantly in excess of that suggested by official records.

    “Indeed, some areas which, on official records were villages or even farmlands, were actually densely populated urban settlements. Other areas which were recorded as government owned lands had been extensively encroached and were fully developed. These included lands belonging to Housing Corporation and OPIC as well as the land bank of Ogun State Government,” he said.

    Further analysis, according to him, “showed that in some key areas, the vast majority of residential properties in Ogun State did not have legally recognised documentation in the form of Building Plan Approval, or Certificates of Occupancy.”

    “In the past 10-12 years, the culture of building without approval had become rampant and well-orchestrated. Property owners often resorted to constructing at night and over weekends to evade the officials of the Ministry of Urban and Physical Planning who were unable to monitor the sheer volume of the development. The consensus view that prevailed among the people was that once the property had been constructed “Government cannot and will not do anything about it,” he said.

    The consequences of this action, he noted, are “extremely serious for the people affected as well as Government and many homeowners are now regretting their false economy. Not only are the properties so constructed, illegal but the uncontrolled development of properties create unplanned areas devoid of essential infrastructure such as  water, schools, health facilities and road services”. Owners of such illegal property, he added, have now found themselves between the proverbial “devil and the deep blue sea”.

    “They are unable to process ownership documents such as Certificates of Occupancy (C of O) since Building Plan Approval is a pre-requisite for such. The fines payable for building without approval make the process unaffordable for many who now wish to regularise. In addition, those who have built on government owned lands live with the uncertainty about government intentions and, therefore, have no means of regularising their status,” he said.

    These problems, in the words of the governor, have hampered both the medium and long term planning for the state, especially in areas of getting data on residents and their needs. “Indeed, one common characteristic of our unplanned areas is shortage of public services. The huge and unrecorded growth in population renders planning a difficult, if not an impossible task.”

  • Firm introduces affordable houses

    Firm introduces affordable houses

    To ease problems associated with house ownership in the country, a firm has introduced options to Nigerians both at home and in the Diaspora. The firm, Common Sense Group, which recently inaugurated its 100 housing unit estate tagged: “Signature Estate” in Ikorodu, a Lagos suburb, said it is out to make house ownership easy for people. The estate is within Dream City Estate, which sits on 70 acres of land at Abule Imagbon, Ita Oluwo off Ikorodu/Sagamu road, Ikorodu.

    The firm’s Chief Executive Officer (CEO), Mr Olumide Emmanuel said the vision is to make genuine and affordable lands and houses available to interested subscribers for both residential and commercial purposes.

    Emmanuel, who spoke at the commissioning of the first set of ready houses, said houses at the estate comprise of one, two and three-bedroom bungalows in detached, semi-detached and terraced plans.

    To make the scheme easy for prospective owners, he said the firm has highlighted four options. One of such options, he said, is outright payment either for an already built house or one to be built. This option attracts a 10 per cent discount. The second option is what he called a 30:20:20:30 option; where prospective house owners can make an initial payment of 30 per cent of the cost of the house and will be allocated a plot to start his building.

    “At the second payment of 20 per cent of the cost of the house, the work progresses and at the third payment of another 20 per cent, the work is completed and he takes possession, but all these stages have to be within 12 months,” he said, adding that the fourth and final payment of 30 per cent could be negotiated with the firm.

    The third option, according to him, is to make use of the mortgage or National Housing Fund (NHF) while the fourth option is any proposed payment plan customised as payment arrangement. “The individual is free to discuss with management any payment plan suitable to him,” he said.

    Emmanuel said The DreamCity is a 500-plot mega estate where 300 plots for both residential and commercial purposes have already been sold to individuals and groups.

    On the cost of the different categories he said each of the available houses from one to three-bedroom bungalows is available in detached, semi-detached and terraces. “The one bedroom goes for N3 million as a minimum entry level, registration form goes for N25,000 while Value Added Tax (VAT), documentation, administration and processing are charged at five per cent,” he said.

    The two and three-bedroom apartments go for N4.5 million and N5.5 million respectively with the same conditions as those of one-bedroom apartment.

     

  • Lawmaker seeks protection of Niger Delta Environment

    A member of the House of Representatives and Chairman, House Committee on Petroleum Resources (Downstream), Hon. Dakuku Peterside has called for wide-ranging policies to address the environmental degradation in the Niger Delta due to crude Oil exploration.

    Peterside said there was an urgent need for the government to pay particular attention to the issue of the environment to ensure that it continues to support life and livelihood of the Niger Delta people “even after the  oil wells  had dried up.”

    The lawmaker, while speaking in Abuja at the public presentation  of two books: “Niger Delta Environmental Roundtable- A Book of Readings” and  “African Women Can Lead,”  published by the Development and Leadership Institute(DLI), a non-governmental organisation, said there is need to enhance the preservation of  the environment of the oil rich communities in Nigeria.

    According to him, crude oil has  brought a lot of negative  consequences on the environment and people of the oil rich region, in spite of the fact that oil has sustained the Nigerian economy for several decades,

    The lawmaker while drawing an analogy between  the impact of oil exploration and exploitation in Nigeria and other climes, said contrary to the practice in other countries, Nigeria over the years has not paid enough attention to the issue of safeguarding its environment.

    His words: “The nation of America stood still because of an oil spill in the Gulf of Mexico. The President of the country, Barak Obama visited  the site of the spill and  British Petroleum(BP), the company accused of being  responsible for the spill,  deployed  several of its directors to the spill site and kept them there for 30 days.  That is the level of seriousness attached to the issue of environment  in a country like the United States. But that is not exactly so in our country.”

    He said the Development and Leadership Institute (DLI)  was trying to raise the consciousness of the government and people on the issue of the environment.

    “As you already know, we didn’t create the environment; we inherited it and we have a duty to pass it on to the generations to come. But we treat our environment with disdain as if it does not matter. We don’t care about the environment, yet none of us can survive without the support from the environment.”

    In his review of the “Niger Delta Environmental Roundtable- A Book of Readings,” Peterside  said the book showcases a plethora of contributions by several authors on the need to protect the environment and preserve it for future.

    Peterside said the 1958 oil discovery in the Niger Delta was both a blessing and curse on Nigeria, adding that the blessing of crude oil came with some consequences such as the continuous exposure and degradation of the environment.

    He said: “As at today,  the Niger Delta environment is endangered  but nobody cares to know. We have done a lot of window dressing; sometimes we set up one commission or the other, but none of these have shown commitment to preserving the Niger Delta environment.”

  • Trouble in the house of Rhodes

    Trouble in the house of Rhodes

    •Family divided over late lawyer’s estate

    In the Lagos social circle, the Rhodes family stands out. The late Chief Babasola Rhodes (SAN) was an eminent member of the family. Nine years after his death, his family is squabbling over his multi-billion naira property, SEYI ODEWALE reports.

    Nine years after the death of prominent Lagos lawyer and former Chairman of the National Sports Commission (NSC) Chief Babalola Rhodes (SAN), his children and relatives are locked in legal battles over his estate. In two separate suits before the Lagos High Court and the Federal High Court, the parties are laying claim to the estate of Rhodes, who died on October 8, 2004.

    Novojo Farms and fisheries Company Ltd., Mrs Clara Oye Otoki and Olayinka Rhodes (Jnr) are plaintiffs in both suits in which Mrs Biola Babalola and Miss Mojisola Rhodes are defendants.

    In a 45-paragraph statement of claim deposed to after filing a writ of summons at the Federal High in Lagos on July 23, last year, the plaintiffs said the defendants were no longer directors of the estate and farm.

    They are seeking these reliefs: “An order that the defendants (ie Mrs Biola Babalola and Miss Mojisola Rhodes) ceased to be directors of NOVOJO Farms (the 1st plaintiff herein) pursuant to the instruction of the late Rhodes and the abandonment of their responsibilities to the 1st plaintiff for over 20 years;

    “An order mandating the 2nd plaintiff to notify forthwith the documentation of the 1st plaintiff (NOVOJO Farms) with the Corporate Affairs Commission (the shareholding inclusive);

    “An order mandating the defendants to return forthwith all documents taken pertaining to 1st plaintiff (NOVOJO Farms and Fisheries Company Limited);

    “An order restraining the defendants or their agents from further hounding, threatening and using state security apparatus against the plaintiffs and

    “An order restraining the defendants or their agents, from further parading themselves as directors of the 1st Plaintiff.”

    The deponent to the document of claim, Mrs. Otoki (the 2nd plaintiff), who claimed to be of the same mother with the late Rhodes, averred that to keep the memory of their mother alive, they named Novojo Farms after her.

    “The 2nd plaintiff avers that the late Rhodes and her were both of the same mother, who bears the name Novojo. Amongst the siblings of four to wit: i. Yinka Rhodes (Snr), ii. Babasola Rhodes (SAN), iii. Mrs Clara Oye Otoki (Nee Eweka) iv. Steven Osayande Eweka: she and the late Chief Babasola Rhodes (SAN) were the closest. In order to keep the memory of their late mother alive, the project was named after their late mother. Hence, the name Novojo Farms and Fisheries Company Ltd,” paragraph seven of the claim said.

    The 2nd plaintiff avers that after the incorporation, the 1st plaintiff (NOVOJO Farms) applied to the Lagos State government for the allocation of land for the purpose of its objects. The government graciously granted the 1st plaintiff 38,496 hectares of land at Oko-Ado in Eti-Osa Local Government Area. The land was delineated on Survey Plan no LS/D/LA371. Certificate of Occupancy with registration no: Ag/23/23/1991 was effectively issued to the 1st plaintiff. The Certificate of Occupancy (C of O) is pleaded and shall be relied upon.”

    Unable to secure long term loan for the farm, the late Rhodes, the deponent averred, sold a considerable number of plots to start the project.

    “The late Rhodes sold considerable numbers of plots. Part of the money realised from the sale, the chief used in the development of the residential part of the land, i.e. the building of the farm house, gymnasium and recreation centre”, she said.

    Mrs Oye Otoki went on: “The 2nd plaintiff avers that sometimes in late 1991 and in early 1992, she and the late Chief Babasola Rhodes (SAN) sat down to fully discuss the issue of the shareholding of the 1st plaintiff and who should be part of its directors, and whether they should mortgage their mother’s estate to raise fund.

    In the process of the meeting, “the 2nd plaintiff avers that she and the late Chief Babasola Rhodes (SAN) agreed that the grand-children be intermittently brought in as directors to manage the project. Vide a registered resolution of the Board dated 14/4/1992; the 3rd plaintiff and the defendants were made directors. The resolution dated 14/4/1992 is pleaded and shall be relied upon.” The statement went further in paragraphs 17, 18, 20, 21 and 22.

    “The 2nd plaintiff avers that sometimes in the mid/late 90s the late Chief Babasola Rhodes (SAN) had serious challenges with his two daughters-the defendants herein, and insisted that they should be stripped of his personal interests.”

    Sometimes in 2000, the defendants deserted their father. Upon insistence of the late Chief Babasola Rhodes (SAN), it was agreed that the names of Miss Biola Rhodes (Mrs Biola Babalola) and Miss Mojisola Rhodes (the 1st and 2nd defendants) be removed as directors and same to be replaced with Dr Bolaji Bamboye owing to his experience. The name of Mrs Clara Oritsejafor, the 2nd plaintiff herein, was amended to reflect her current marital status i.e. Mrs Clara Oye Otoki.”

    She added: “That shortly afterwards, the late Chief Babasola Rhodes (SAN) began to have health issues and his health challenges stalled the drive to raise the needed fund to put 1st plaintiff into business. Money raised through sales of some plots was expended by Chief Babasola Rhodes for his health challenges.”

    Chief Rhodes’ health challenges also stalled the steps taken to effect the changes in the particulars of directors at the Corporate Affairs Commission.

    On the 25/10/2002, vide a letter with reference no ALHA/AGRIC/2635, the Lagos State revoked the grant of the Certificate of Occupancy for non-usage for the purpose it was granted. The Lagos State government however ceded 5.124 hectares of the revoked land not meant for agricultural purposes to the 1st plaintiff (NOVOJO Farms and Fisheries Company Ltd).”

    Following the revocation, Mrs Otoki said she refunded some affected buyers whose Certificate of Occupancy (C of O) was revoked. She said in her efforts to carry out her brother’s wish in perfecting the documentation of the 1st plaintiff, Dr Bolaji Bamboye, the 3rd plaintiff and herself “agreed that the records of the 1st plaintiff be perfected with the Corporate Affairs Commission. And that the wishes of the late Chief Rhodes should be effected. “That the defendants’ names be formally removed as directors. The agreed shares of the late Chief Rhodes be allotted to Oladeji Rhodes, being the eldest son and also Oladeji Rhodes be made a director.”

    She claimed that when the defendants heard about the steps being taken concerning the farm, they ‘vowed’ to use ‘Alausa power’ against everybody in NOVOJO Farms.

    She said she received a letter from the chambers of Simmons Cooper Partners, acting as solicitors to the defendants that she should hand over the Will of the late Rhodes.

    But the defendants in their 38-paragraph Statement of Defence denied almost all the paragraphs of the plaintiffs’ claim. In their statement of defence they denied paragraphs 2, 4, 6 7, 8, 9, 10, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 23, 24, 25, 27, 28, 29, 30 and 31. They also rejected the claims in paragraphs 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 44 and 45.

    They admitted paragraphs 1, 3, 5 and 11.

    “Save and except as is hereafter expressly and specifically referred to as the defendants deny each and every allegation contained in the Statement of Claim as if the same were hereinafter set out and traversed seriatim,” they said in their defence.

    They said: “The insinuations contained in the statement of claim suggesting that the 2nd plaintiff is the Managing Director of the 1st plaintiff whilst the defendants are ex-directors of the plaintiffs.

    “The defendant shall contend that sequel to the demise of their late father, Chief Babasola Rhodes no meeting of the Board of Directors or shareholders of the 1st plaintiff has been called to appoint any of the Directors as Managing Director or to remove any existing Director of the plaintiff.”

    Contrary to paragraph 6 of the statement of claim that the sole promoter of the 1st plaintiff was their father, Chief Babasola Rhodes and the 2nd plaintiff was only invited to the company as a nominal director out of their father’s goodwill.

    Pursuant to paragraph 9 above, the defendants averred that the second subscriber/shareholder in the first plaintiff named Mrs Olatowun Candide-Johnson (Nee Martins) on the 22nd of June 2012, transferred her one share in the 1st plaintiff to Mrs Abiola Babalola (Nee Rhodes), the 1st defendant.

    The defendants aver that further to the facts averred in paragraph 14 above, the estate of the late Chief Babasola Rhodes and the 1st defendants are the only shareholders of the 1st plaintiff.”

    They also averred that “the 2nd plaintiff scared away the defendants after their father’s death and surreptituosly tried to assert control over their father’s properties, including the 1st plaintiff. The 2nd plaintiff never made any attempts to contact the defendants as her intention was to keep them away from their father’s properties and convert them to herself.”

    When The Nation visited the disputed estate at Farm bus stop on Lekki/Epe expressway, nothing depicted the place as a farm. The main gate has been pulled down while the once beautiful farm house comprising a swimming pool, a gymnasium and recreation centre is no more. Save for the relics of the swimming pool, the land is bare with two or more buildings belonging to those that bought land from the late Rhodes, still standing.

    A man, who pleaded not to be named, and lives in one of the quarters in the estate, described how the place was demolished last year when bulldozer pulled down the expensive farm house built by the late chief.

    “My brother, if you were here when the house was pulled down you will weep for the family and wondered why they could not settle whatever quarrel they have among themselves. Although the family has money, but the wastage here last year was serious, he said.

    Pointing to the relics of the swimming pool, he said: “This swimming pool is the only thing to show that there was once a house here. The bulldozer could not remove it.”

    He said some portions of the land were being offered for sale, adding that people are buying them, oblivious that the said land is a subject of litigation.

    “A plot of land is being sold for N20 million and people are buying them; only a few are left,” he said.

    When told of the status of the land, he said: “That won’t be a problem it will be ratified after the case has been decided.”