Tag: Shopping complex

  • Ogba shopping complex: Firm sure of prompt delivery

    Ogba shopping complex: Firm sure of prompt delivery

    Following the flag off of the new Ogba Shopping Complex, initiated by Ojodu Local Council Development Area (LCDA) Chairman Olumuyiwa Julius Oloro, property developer in-charge of the project Kehinde Fajana has assured shoppers and traders of the prompt delivery of the complex.

    Fajana is the chief executive officer of Eliezer Investments Limited, the firm supervising the project.

    Financed by Jubilee Life Mortgage Bank, Fajana said Eliezer intended to project the shopping complex as a conventional market.

    Promising 18 months as the deadline for the project, Fajana said there was a mild  setback because of some residents around the site.

    “Most of the shop owners were relocated to a site closer to the retail market. Those who refused to go to the relocation site, were given money to look for shops elsewhere,” he revealed.

    The foundation of the complex, he said, was carefully done to guarantee the building’s durability, adding that the building’s architectural plan will definitely attract people to buy and sell in the multipurpose shopping complex.

    “The price for each shop is very affordable and the mode of payment is convenient and at ease for interested business men and women. Presently, over 50 per cent of people have already subscribed to the shops under construction. Majority of those at the relocated site are waiting to get the shop. They are all monitoring and checking the progress at the site in anticipation. In Eliezer we are poised to change the face of market development in Lagos State to encourage the confidence of the existing or displaced market men and women who are competent,” Fajana added.

    Eliezer and Ojodu LCDA, he said, are working hand-in-hand to deliver the project in a grand style.

    Fajana has embarked on many projects that have reflected his firm’s ability to construct projects such as private property development, student hostels and markets among others.

  • Demolished shopping complex: Traders threaten to drag Benin chief to EFCC

    Demolished shopping complex: Traders threaten to drag Benin chief to EFCC

    When Chief Osamede Adun, the Aiyobahan of Benin kingdom, began construction of a shopping complex comprising 218 stores on Mission Road in Benin City, there was mad rush by traders to occupy the shops. Before the complex was completed, many traders had paid for more than three shops. The reason for the rush was because Mission Road where the shopping complex was located is a commercial area.

    The traders in a bid to outsmart one another  paid between N300,000 and N400,000 annually for a shop and an additional N100,000 as ‘bribe’ even when the building was yet to be completed

    Things turned around for  Adun and the traders when Governor Godwin Obaseki paid a working visit to the area and visited the complex to confirm several reports he received on the shopping complex. Obaseki was said to have ordered the building to be pulled down since it was erected against town planning rules and not in line with what was approved.

    Checks showed that  Adun got approval to build 30 shops with space for car park  but rather erected a building with 218 stores without any provision for car park. Several ‘stop work’ notices were served on Adun but they were not heeded. After the complex was roofed, some of the traders moved in to secure the shops they paid for.

    However, on a Wednesday night in May, officials of the state government demolished the complex. The action shocked Adun. He did not believed that his building would be demolished being a chieftain of the ruling All Progressive Congress (APC).

    Sources said the order to demolish the complex was given after it was discovered that Adun filed processes at the court to restrain the state government from demolishing the building.

    Adun sent emissaries to beg Obaseki but the governor insisted that the building must go in public interest.

    According to the source, “We consider the general interest of the people before we carry out the exercise. If we allowed that building to stand, it will affect traffic in the whole of Ring Road.

    “This government is out to sanitise the state and this is to send a message to anybody that contravene our Town Planning rules and regulations that the era of impunity is over.”

    Adun, in a letter dated May 22, said he was prepared to destroy a large part of the building to comply with Town Planning regulations. He sought the state government’s approval for him to commence restructuring of the building.

    Adun said he bought the property from three families and later sold a part of the land to the state government for N135m.

    He wondered why the state government singled his building out for demolition when other buildings that contravened the laws on the road were left alone.

    His words: “The building was approved. Do you do demolition at night? My son who went there to remove some things was arrested.

    “I am leader of APC in this state. The land was not acquired illegally. I borrowed N750,000, 000 to build that house. I also sold my house in the U.S. to build the house.

    “Government should tell me how they want me to build it and not for them to take the land.”

    The shopping complex has been completely pulled down and the land acquired by the state government for public use but the traders are yet to be refunded the money they paid.

    Last Tuesday, the over 120 traders affected by the demolition  protested, demanding for refund of their money or drag Chief Adun to the Economic and Financial Crimes Commission (EFCC) if he fails to refund their money. The traders said they protested because they were yet to be told when their money would be refunded.

    One of the traders, who gave his name as Celestine Okoro, said: “In December last year (2016), we made an advance payment for 2017. I have two stores there. Depending on the size of the store, some persons paid N200,000, some paid N150,000. The least amount is for those paying for attachments, which cost N70,000.

    “All of us have paid for 2017. In January, we were informed by the landlord that he wants to demolish the building and replace it with a standard one. When the building got to the lintel level, he demanded another payment, called ‘kola money,’or consultation fee.

    “The old tenants paid N100,000 while the new ones paid N120,000. We also paid an extra N175,000 or N400,000 for seven monthsý, depending on the size.

    One of the traders, who gave his name as Chinedu, said he borrowed the money he used to pay for the shop.

    Another trader, Isaac,  said he was told that a new shop would be provided for him but was yet to get the shop.

    When contacted for comments, Chief Adun said he was yet to be paid compensation by the Edo State Government.

    He denied collecting such money from the traders adding that he was waiting for the government to pay him.

    Commissioner for Communication and Orientation Paul Ohonbamu said he was not aware of any compensation owed Adun.

    But a top government official, who pleaded anonymity, said the state government acquired the property for public interest.

    The official urged Adun to refund the money to the traders.

    According to the source, “The government acquired that place and pulled  it down for being an illegal structure. An advertisement was placed inviting anybody that has interest in the place to come forward.

    “Somebody has written us stating that he owned the land and was in court with Chief Adun over ownership of the land. Chief Adun should not be talking about compensation when he is yet to proof ownership of the place.”

     

     

  • Traders protest closure of Agbowo shopping complex

    Hundreds of occupants of the popular Agbowo Shopping Complex, Ibadan, the Oyo State capital, yesterday protested the prolonged closure of their shops by the government.

    The government closed the complex after it signed a Memorandum of Understanding (MoU) with a property developer to rehabilitate it.

    The traders alleged that some Nigeria Security and Civil Defence Corps officials assigned to prevent them from entering the complex assaulted them and stole their wares.

    Carrying placards such as “We are tax payers, bring investors not civil defence to terrorise us”; “Gov Ajimobi end this needless shutdown”; “Save our soul and businesses”; “We are dying of hunger”, among others.

    One of the traders, Tunji Olagboye, said: “We’re the legal owners of this place but it is unfortunate that the government kicked us out without providing an alternative place for us.

    “Over 3000 tenants are here and it means that 3000 families do not have means of livelihood again.”

    Another trader, Mrs Foluke Olufawoye, said: “We have turned to beggars. The yuletide season is here now and we do not have anything to celebrate.

    “We are shop owners but we have been chased out and our shops locked.”

    But the State Secretary to the State Government, Olalekan Ali, said the government has no power to reopen the complex because of the MoU.

    According to him, the government gave the occupants two to three years to quit and did not receive any rent from them.

    “This complex is due already for rehabilitation and remodelling. We must not breach the agreement we have with the developer.”

    Ali appealed for the understanding and cooperation of the traders, adding that it was done in their interest.

  • Fire guts shopping complex

    Fire guts shopping complex

    Two persons were yesterday injured when fire gutted Odo Eran Shopping Complex Agege.

    Eleven shops were razed.

    The fire was said to have started from one of the shops around 2:30pm.

    Sources said improperly stored chemicals used for paint manufacturing caused the fire.

    Ten shops were saved by officials of Lagos State Fire Service and Wahum Industries Limited.

    The injured were treated by Lagos State Ambulance Service (LASAMBUS) workers.

    Lagos State Emergency Management Agency (LASEMA) General Manager Adesina Tiamiyu urged shop owners and companies that use chemicals and other highly inflammable materials to take extra care in their storage to avoid the fire.

  • Lagos offers Falomo Shopping Complex, others to investors

    Lagos offers Falomo Shopping Complex, others to investors

    he Lagos State government yesterday said it would partner with suitable entities on a Public-Private-Partnership (PPP) basis to develop and deliver wide-range of facilities in the state.

    The Commissioner for Information and Strategy, Steve Ayorinde, said in a statement in Lagos that it was in continuation of the government’s commitment to urban development and expansion of business opportunities.

    The statement said the facilities included residential apartments, shopping and business malls, recreation parks, hotels, theme parks, zoos, car parks and other facilities that would add to modern city lifestyle.

    It said the idea was conceived to provide Lagos with world-class residential, business, recreational and other facilities that would measure up to what was obtainable in other mega cities of the world.

    The statement disclosed that the facilities include the former Falomo Complex.

    “The government is seeking proposals under PPP on how the site can be redeveloped into a world-class residential condominium complex with the full complement of lifestyle-enhancing facilities and complete communities’ direction strategy.

    “The site is to be developed as a low density, mixed use residential facility that would include the integration of the multi-use nature of the area.

    “Also, under the PPP redevelopment programme, the government has made available lands in various locations across the state on which it intends that malls, hotels and other lifestyle facilities would be established.

    “The areas include Epe, Ibeju-Lekki, Badagry, Ikorodu, Ojokoro, Gbagada, Oshodi and Amuwo-Odofin,’’ it quoted Ayorinde as saying.

    It added that the government was also interested in having a complete make-over of the CMS Marina axis to bring it up to standard comparable to similar choice locations in the world.

    It said with the planned inauguration of the Blue Line of the Lagos light rail project in December, the government intended to redevelop the entire stretch of the Marina starting from the Apongbon end to the NECOM House end of the Marina.

  • HFP, Eastline to inaugurate shopping complex

    HFP Engineering (Nigeria) Limited, in conjunction with Eastline Investment Limited (EIL), is set to inaugurate the Eastline shopping complex, this weekend. The complex is a joint venture development between HFP and EIL, and consists of 3, 098 lock up shops of 24 square meters each, built on 18 hectares of land and located opposite the Abraham Adesanya Housing Estate, along Lekki-Epe Expressway, Lagos.

    According to the Senior Sales and Marketing Manager of HFP, Mr. Osas Ogbeide, HFP Eastline Shopping Complex, was designed to create an environment that serves as a hub for economic activity along the Lekki-Epe axis, as well as a  one stop shopping venue with a traditional African ambience that enhances the customer’s shopping experience.

    The complex has an array of modern day conveniences that are standard features in international shopping complexes of such magnitude. Facilities such as a generous Car Parking Space that can accommodate up to 2, 000 cars simultaneously; back-up standby generators; an electricity sub-station; water and sewage treatment plants; street lights; Covered Concrete Drainages, a Network of Alleys and Walkways made of Interlocking Paving Stones and and Open Green Areas.

  • Lagos terminates N50m shopping complex lease

    Lagos terminates N50m shopping complex lease

    Lagos State Governor Akinwunmi Ambode yesterday terminated the concession granted by the Lagos State Development and Property Corporation (LSDPC) to Afriland Properties for the redevelopment of the Falomo Shopping Centre in Ikoyi.

    The Governor said the decision was carried out based on a recent discovery that the concession was grossly detrimental to the interests of the people.

    According to him, only N50 million was paid by the concessionaire, Afriland Properties, for a 50-year lease of the property belonging to the government.

    He said government as custodian of the interests of Lagosians is committed to the restructuring of the LSDPC to ensure it begins to provide positive capital returns for the ultimate benefit of Lagosians.

    Governor Ambode two months ago, relieved former Managing Director of the LSDPC, Mr Biodun Oki of his appointment, just as he appointed Mr Jacob Agosu in acting capacity.

    The move, he said, was aimed at stemming the tide of negative capital returns of the corporation.

    Afriland Properties Plc is a property management, investment and development company, offering end-to-end services along the real estate value chain, from management to joint-venture investments.

    On its website, it says it has a portfolio size of over N10 billion and one of the largest land banks in Nigeria.

    In April, Afriland Properties announced a profit before tax of N1.74billion for the year ended December 31, 2014.

    The company is run by the Managing Director and Chief Executive Officer Mrs. Uzo Oshogwe, who is said to have joined the company when it was still known as UBA Properties.

    Also on the management team is Mutiu Bakare, who is the Chief Financial Officer.

    The company is chaired by Angela Adebayo, was quoted as saying that the upturn in company’s net earnings “is attributable to improved operational efficiency and focus on value creation.”

  • Shopping complex coming

    AN ultra-modern shopping complex will open soon in Magboro, Ogun State as part of efforts to change its face from an agrarian to a commercial one.

    Situated in Magboro few kilometres from Lagos, the complex is an initiative of 14 trader’s associations operating in Lagos Island.

    It is expected to boost commercial activities in the Mowe-Ibafo axis of the state, as well as contribute to its transformation.

    Its boasts of 3,800 shop units, online shopping, offices, car parks, banking halls, and assurance of maximum security network. It would have controlled sewage, waste management, a fire station, 24 hour electricity power , as well as water supply.

    Other features include spacious space and a flexible and affordable mode of payment to make it more appealing to people.