Tuesday, July 23, 2013

3invest set for Real Estate Unite

The Chief Executive Officer, 3invest Limited, Ms. Ruth Obih, has disclosed the firm’s readiness to unite professionals in the built environment at this year’s edition of Real Estate Unite, an annual event aimed at redefining business and investment in the Nigerian real estate sector.

Obih said this year’s edition, which is the second in the series, would seek to answer questions on land use; how to advance real estate for economic growth in the country; the state of airports and railways as well as facility maintenance and the place of tourism and hospitality in the country’s real estate sector.
She said, “Having highlighted the major issues barring our nation’s real estate from reaching its economic potential, we realised that infrastructure and urbanisation is a major driver of emerging markets. Reformation of our laws is the key to unlocking our housing finance sector.

“In order to develop strategies to tackle these issues, we have lined up speakers from key sectors, who are key decision makers and leading opinion shapers.
“We have chosen infrastructure because the potential of real estate, especially commercial hospitality and residential, cannot be harnessed without it.”
According to Obih, the theme of the event holding between October 17 and 18, ‘Advancing Nigeria’s real estate for economic growth’, is designed to expose the prospects of the country’s real estate sector.
She said the award segment of the programme was conceived to elevate standards; while the conference would offer practical solutions through experience speakers; and the international perspective would be projected through the exhibition.

“Last year, we highlighted some major issues at our conference, and our research shows increased activities in the real estate industry since the inception of Real Estate Unite in 2012.
“It may sound coincidental, but the government is recognising and putting real estate at the forefront of the nation’s activities and recognising that unlocking potential in the real estate industry is integral to economic development of the country,” Obih said.

A representative of Diamond Bank Plc, Mr. Anya Duroha, said the bank was focused on mortgage financing in the real estate sector, hence the need to partner with 3invest on the forthcoming conference and exhibition.
“We realised that people need long term financing for housing and we are incorporating that. Our core competence is retail banking and we focus on mortgage with a tenure range of about 20 to 25 years,” he said.

Monday, July 22, 2013

Nigeria: Boosting Food Security Through Mechanisation, the Way Forward for Nigeria

The present administration has come up with the Agricultural Transformation Agenda (ATA) in a bid to earn foreign exchange from agriculture and make the nation self-sufficient in food production. But, with the continual drift of the young population of young Nigerians moving away from the rural areas to the urban in search of white collar jobs and away from the drudgery of manual farm labour, self sufficiency in food production is becoming a herculean task.

Seasonal shortage of food is becoming apparent as a result despite the fact that many labourers lack the incentive or tools to perform the high quality work needed to improve productivity. So, feeding the increasing population cannot be done with the cutlass and hoe or an agricultural system that relies on human muscles. In developed countries, mechanisation has taken over from the use of raw human power as is still the case in Nigeria.

The policy challenges of mechanisation, or lack of it, are of far reaching significance. The use of poorly-yielding varieties of planting materials even compound the problem further as crops yields across the nation have remained relatively stagnant and low over time, posing serious policy challenges that require urgent intervention. Agricultural mechanisation, embracing the use of tools, implements, and machines for a wide range of farm operations such as land preparation, planting, harvesting, on-farm processing among others, therefore becomes desirable.

There is an added dimension of soil, water and forest conservation practices that need to be built into the larger framework of environmental impact of agriculture, climate change and food security. The constraint posed by the prevailing land tenure system on mechanisation is such that agricultural lands in many parts of Nigeria are not easily made available for farming because of extant influences such as ownership structure and the stiff competition for estate development today, which is exerting dangerous influence on agriculture and the prospect of feeding the nation.

The International Food Policy Research Institute (IFPRI) reckons that Nigeria is still at the early stage of agricultural mechanisation; even at that, it notes that the mechanisation of power-intensive operations has been slow. A significantly higher proportion of farming area is still cultivated by hand tools in Nigeria and West Africa compared to other developing countries

Statistics had it that, last year, a total of 3,012,360 ha of land was expected to be put under cultivation in the Nigeria with a tractor population of about 40,000 with a tractorisation density of 0.1 hp/ha. The tractorisation density of the country fell short of the recommended 1.5hp/ha by the United Nations' Food and Agriculture Organisation (FAO). For Nigeria to be able to feed its growing population, therefore, there is a need for investment in mechanisation both on the part of the private and public sectors.

Source

Dry & Firm Land at Abraham Adesanya Estate, Ajah, Lagos

NGN 8,500,000  

Abraham Adesanya Estate   View MapSize (m2) : 600
- AvailableLot (meters) : 18 X 33
Description
FOR SALE: LAND FOR SALE AT ABRAHAM ADESANYA ESTATE, AJAH, LEKKI PENINSULA, LAGOS

FEATURES:
- Dry and firm land
- Ready for immediate development
- Can occupy two (2) units of bungalows
- Located in the gated estate of Abraham Adesanya Estate

Price: N15million

For further enquiries/ arrangement for inspection, please contact:

BLUEHEDGE REALTORS
+234-1-7605148, 08023224585, 08032065685, 08051956996
info@bluehedgerealtors.com
www.bluehedgerealtors.com
BB PIN: 2ABEDE1B

Senior Technical Officer - Nigeria - Civil/Construction/Real Estate/ Infrastructure/ Pharma - Projects

Ripe4 is currently representing a large energy conglomerate that has great interest within the African Region. One of their latest ventures is focused heavily around identifying, developing and managing investment opportunities in the areas of Infrastructure and development which spans across various industries that include: O&G, Real estate, Hospitality, Healthcare infrastructure, etc.

With this in mind, they are seeking to identify and attract a SENIOR TECHNICAL OFFICER to be based in Lagos, Nigeria who will have ultimate responsibility for:
- Leading field supervision, prepare and submit standardized progress reports using dashboard views.
- Leading infrastructure project development and management; schedule, quality and cost control.
- Liaising with procurement and contracts department to ensure timely procurement of project/technical materials.
- Responsibility for ensuring best value is obtained for the project including supplier base, use of internal and external resources.

We are seeking a professional with:
- Minimum 7 years of experience post bachelors within multiple companies and sectors across various geographical regions that include Sub-Saharan Africa coupled with additional 3-4 years of full cradle to grave project management experience
- PMP, PMI, Prince or Prince2
- Proven experience of dealing with contractors.
- Degree in Mechanical or Civil Engineering
This is a tremendous opportunity to fast-track your career, join a new division of an already established reputable organisation that could see you rising to the next level in 2 � 4 years.

This is a permanent role offered on a residential status in Lagos, Nigeria with full expatriate benefits.
Please get in touch for more information and for a confidential discussion.

Status: Staff
Required Skills/Experience: - technical background in Civil/ Mechanical or a related discipline
- extensive experience working across various industries: Downstream Oil and Gas, Infrastructure, Commercial Real Estate, etc.
- previous exposure to work in Sub-Saharan Africa with a particular focus on West Africa
Minimum Experience: 15 years
Location: Lagos, NIGERIA
Onshore:  
Offshore:  
Remuneration: 100000 - 200000 US Dollars/year
Advert Published: 18 Jul 2013
Expiry date: 16 Sep 2013
OilCareers Ref. No.: J1002031

Click here to Apply

Sunday, July 21, 2013

The Menace of OmoOnile in Lagos


 A house under construction
The extortion of innocent property owners by touts and  street urchins known as OmoOnile or Agajungbale in different parts of Lagos State has brought to the fore the nuisance which the group, which calls itself the “sons of the soil “ and “children of original land owners,” is constituting to the people. But their days appear to be numbered as a Bill seeking to criminalise their activities is currently making headway at the Lagos State House of Assembly. Olaolu Olusina reports

The day of reckoning is definitely drawing nearer for touts and street urchins known as OmoOnile orAgajungbale in different parts of Lagos State. The inglorious era of shameless extortion of innocent property owners by the group, which calls itself the “sons of the soil” and “children of original land owners,” is about to come to an end.

A Bill seeking to criminalise their activities is currently making headway at the Lagos State House of Assembly as it had actually scaled the second reading and report on it is being expected back in the Assembly.

Modus Operandi
Like the Lords of the Manor, the OmoOnileorganise themselves into armies of occupation, wielding dangerous weapons,  as they storm their targets to demand for ‘settlement’ at almost every stage of development of a property. From the foundation stage to the lintel and through the decking stage of a building, these OmoOnilewould demand ridiculous amount of money before work could start, and in most cases, they are always ready to seize the working tools of any property owner not willing to accede to their demands.

Powerful as they have become over the years, they have succeeded in grabbing land from original buyers, selling same to others, leaving tears, blood and sorrow on their trail. Frustrating genuine investors through multiple demands of ‘settlement fees,’ many property owners have even lost their lives to the activities of these hoodlums, who, in some cases, have godfathers, to whom they make returns.

A  Victim’s Experience
But BabatundeAyoolaFajimi, a Cameroon-based Nigerian entrepreneur and management consultant, did not bargain for what he experienced in the hands of these OmoOnile. Having heard so much about the atrocities being committed daily by the so-called sons of the soil and children of the original land owners, Fajimi was determined not to fall into their trap.

And way back in 2005, while serving in Accra, the Ghanaian capital, he had made a move to acquire a property in the Ogijo area of Ikorodu, a sprawling community on the outskirts of Lagos.  The property located in the Onafowokan Estate, Ikorodu  was bought without any problem from the real owners, the Onafowokan family.

Frivolous Demands
However, trouble soon started when he made the move to develop the property. A group  ofOmoOnile  in the area led by one Fadeyi appeared from nowhere to start making frivolous demands from Fajimi as a condition for starting work on the property.
And for close to a decade, the touts made the family their cash cow as they successfully ‘feasted’ on the Fajimis who had to dole out good money to them each time they tried to do anything on the property. But things got to a head recently when Fajimi’s wife, Ebunoluwa, who owns and manages a school, Living Legacy Private School, on the property, tried to carry out further development projects in the school premises.

Exploitation Galore
Fadeyi,  who had  been extorting money from the family  each time  development works were being carried out on the property since 2005  simply came again to allegedly demand N300,000 before the decking work could  be done . Threatening to wreak havoc and cause confusion if his demands were not met, he thought the Fajimis would concede to his demands this time again. But he was wrong as his ‘preys’ are now wiser now.
Fajimi would have nothing of the threat again, having paid huge sums of money to Fadeyi, who, in fact, has no relationship whatsoever with the Onafowokan family, which sold the land to him.

Saying No to Further Demands
Moving swiftly, Fajimi was determined to end the extortion once and for all. And from his base in Cameroon, he made moves to contact some of his friends who could be of assistance. In one of the mails sent to one of his friends, copy of which was made available to THISDAY, Fajimi stated: ”There is this Omo-onile called Fadeyi … whom I didn’t buy land from his father but has been extorting money from me. He has come with his threats again. I have declined and started talking to my friends in (the) security services. I do my business in Cameroon but my wife owns a school at Ogijo/Ikorodu.

“We are decking coming Saturday and he threatens to disrupt and constitute threats to lives and property. I have written electronically to Nigeria Police and SSS … I am also trying to reach out to my other friends … so that the atrocities of illegal extortion of the guy called Fadeyi can be known to the world. You will get more details that you can verify.”

Petition to SSS, Police
Apparently determined to end the years of extortion by the so-called Omo-onile, Fajimi also sent a letter dated July 1 to the Nigeria Police and the State Security Services (SSS) in which he stated:  “I am BabatundeAyoolaFajimi, Nigerian, Entrepreneur and Management Consultant resident at…Off SagamuIkorodu Road with contact telephone number …. I currently work for my client in Limbe, Cameroon ...

“My wife, Mrs. EbunoluwaFajimi…owns and manages her school, Living Legacy Private School  .  We are currently carrying out development projects in the school premises, and one OmoOnile named Fadeyi with telephone number … who has been extorting money from me each time we carry out development works since 2005 has come again to demand N300,000 before I can do the decking work. There is no basis for demanding this money. It is a clear case of extortion and criminality.
“ I have declined his illegal demands and he has threatened to stop the work and unleash mayhem in the school premises thereby constituting threats to my life, the lives of my family members, the lives of the teachers and pupils in the school numbering 200 innocent Nigerians.

‘’ For the records, I didn’t buy land from his fathers. I bought land from the Onafowokan Estate family in Ikorodu, a reputable family which has  not,   to date, to the best of my knowledge,  use Omo-onilenor indulge this Fadeyi man.
“I plan to do the decking work on Saturday, July 6, 2013 and I foresee that this  Fadeyi would mobilise touts and area boys to cause disturbance of public peace and lawlessness.   I am a law-abiding Nigerian who goes about my business peaceful and contributing to the economic development of the country by employing over 25 other Nigerians through the School and my consultancy firm, Kairos Business Services Limited. The intent and action of this Fadeyi constitute a threat to my peaceful existence as a Nigerian and the lives of other Nigerian citizens and pupils numbering over 200.

“I am using this medium to appeal for intervention, please. I will also appreciate if I can get a contact number to further discuss the details. I intend to come to Nigeria from Douala on Thursday this week to ensure that justice is done, and this Fadeyi man is called to order by the appropriate institution of government. “

We are not Trouble Maker, Says Fadeyi
When THISDAY called Fadeyi for his reaction on all the allegations made against him, he said  he was not a trouble maker. “The issue has been resolved amicably. Though they didn’t buy the land directly from us, the person who sold the land to them asked them to give us something (money).

The grandmother called to plead with us. We all have our property here too. The man (Fajimi) is not a trouble maker, but the wife is always misunderstanding us,” Fadeyi told this reporter.
But Fajimi said Fadeyi was only lying. “We have decided to stop this extortion which has been going on since 2005. I was in Ghana , Sierra Leone and now Cameroon but this man won’t stop his frivolous demands . The last time, we paid him N300,000 and now he’s threatening again to cause trouble if we don’t bulge this time around,” he said.

Police to the Rescue
But the signal had been given to Fadeyi and his group as they appeared to have realised that the game was over for them. In the face of the determination to end the years of exploitation, the OmoOniles seemed to have read the handwriting on the wall that they have lost their cash cow.

And with the Police responding promptly to the petition sent to them, THISDAY gathered that a police patrol team was permanently stationed at the project site penultimate Saturday to enable the Fajimis carry out development work on their property without hinderance.

Highly elated by the relief, Fajimi told THISDAY that the Police really did a good job by responding promptly to his call. “I’m indeed grateful to the Police and all those who responded promptly to our call. The Police came and stationed a team to keep watch over the area.  “The boys may have been deterred by this as none of them showed up to disturb us as they had threatened, though some of them could be seen passing and spying at what was going,” Fajimi told this reporter.

Lagos Mulls Stiffer Law
Though Fajimi is currently savouring the joy of his ‘liberation’ from the OmoOnile, hundreds and thousands of other residents of the state are still being terrorised by these street urchins. But succour seems to be on the way as the Lagos State House of Assembly is currently working on a private member Bill that will criminalise the activities of the so-called OmoOnile in the state if passed into law. Already, progress had been made on it as the Bill had already scaled the second reading at the Assembly.

Appropriately tagged the State Properties Protection Bill  2013, the Bill, which seeks to slam  a three-year jail term on anyone found guilty, makes it an offence for any person or group of persons  to forcibly enter and occupy any landed  property in the state.
Providing for the establishment of a special court and stipulating a fine of N300,000 or three years imprisonment for any person found guilty, the Bill, when passed into law, seeks to commit anyone found with fire arm, weapon or chemical material or in company or any person so armed  to a death sentence.    

The report on the Bill, which had already been committed to the Committee on Lands and Housing, as well as Judiciary, Human Rights and Public Petitions, is expected back  in the Assembly any time from now.

Fashola Determined to End Menace
The state governor, Mr. Babatunde Fashola, had,  in April, expressed the determination of his administration to tackle the menace headlong.   Speaking at the second Corporate Assembly at the Lekki Free Trade Zone (LFTZ), Lekki, Lagos, he had lamented what he described as the unwholesome activities of the group.

Disclosing that a Bill had been sent to the Lagos State House of Assembly to criminalise illegal land grabbing which has assumed a frightening dimension in Lagos, Fashola said   the Bill, when eventually passed into law, would completely phase the OmoOnile  out of the state.

The Bill, which is already receiving the support of most members of the State Assembly, according to  the chairman, Committee on Lands and Housing, Hon. BayoOsinowo,   would end the  havocs being wreaked by the street urchins.
“In Lagos State, land is our major resource.  It is our petrol compared to oil producing states in the country,” he said, stressing that nothing would be too much to protect its sanctity.

In his own submission, the chairman, Committee on Judiciary, Human Rights and Public Petition, Hon. SanaiAgunbiade, expressed the hope that  the Bill would also take care of land agents, who, according to him, parade themselves and seize the opportunity to take landed property forcefully, saying  “The bill would protect potential buyer(s) from OmoOnilebefore or during construction work.”       

Source

FG Loses Control Of Tourism, Hotel Regulation To States

A PANEL of the Supreme Court of Nigeria has unanimously declared that it is only a state house of assembly that can make laws on tourism or exercise control in the licensing or grading of hotels, restaurants and fast food outlets.

   Dismissing a case filed by Attorney General of the Federation and upholding the contention of that of Lagos State, the Court on Friday held that the Constitution empowers only the National Assembly to regulate tourist traffic, a term which does not extend to hotel registration or licensing.
   The Court also ruled in favour of Lagos State in another case filed on the same subject, which was consolidated with the first one for hearing. In the latter case, the Court declared valid both the Hotel Licensing Law of Lagos State and the Hotel Occupancy and Restaurant Consumption Law of Lagos State. The offending sections of the Nigerian Tourism Development Corporation  (NTDC) Act were, however, declared null and void.

   Represented by the Attorney General, Mr. Ade Ipaye, Lagos State Government had argued during the hearing that the only power reserved to the National Assembly on the Exclusive Legislative List in Schedule 2 to the Constitution was the regulation of tourist traffic, which only pertained to immigrations and the issuance of visas, but Mr. Tunde Busari, representing the Attorney General of the Federation, contended that the phrase was enough to cover all tourism subjects and that the NTDC Act had therefore covered the field. On those grounds, Mr. Busari called on the court to invalidate the Hotel Licensing Law and Hotel Consumption Tax Law of Lagos State. This was rejected by Galadima JSC who read the lead judgment and all other justices in both cases.

   It would be recalled that the Lagos Sate Government and the Federal Government had been embroiled in controversy over the question of proper authority to license and grade hospitality establishments. This had resulted in the NTDC and the State Government setting up parallel registration and regulation structures to the annoyance of businessmen in the industry.  By dismissing the case of the Federal Government, the apex court has put paid to this controversy and paved way for State Governments to take full charge of tourism regulation and development within their respective jurisdictions.

Commenting on the judgment, Mr. Disun Holloway who is the Lagos State Commissioner for Tourism and Intergovernmental Relations, declared it as a landmark and commended the Supreme Court for upholding the tenets of Federalism. He also stated his expectation that this judgment will eradicate multiplicity of taxation and regulation, thereby enabling States to take charge and properly plan for the hospitality industry in their respective territories.

Source

Thursday, July 18, 2013

Local News: Real estate lawyers applaud Jonathan around Land Use Behave

Real Property Lawyers Association of Nigeria, RELAN, Thursday, commen-ded President Goodluck Jonathan for contacting for the removal of Land Use Behave from the 1999 Constitution.

RELAN, in a statement by its Vice-President, Procedures, Mr. Adekunle Omotola, observed that Federal Government's commitment was in line with the view of his association during its first national summit on Land Use Behave in Abuja in 2009 and the recent one in Lagos on June 20,2013.

He explained: “RELAN is not ignorant that to eliminate the Land Use Behave, it must evolve with Part 9 of the 1999 Constitution as amended.

“We're also aware that the plenary procedure of the Senate and the House of Representatives are discussing the report of Senator Ike Ekeremadu and Mr. Emeka Ihedioha-led Committees on the amendment of the constitution.

“We're satisfied that President Jonathan freely declared that the Land Use Behave is likely to be removed. It is a proper step in the right direction.

“Certainly, President Jonathan's commitment is an extension of the cement stage taken by his quick predecessor in office, late President Umaru Yar'Adua, who forwarded a bill to the National Assembly for amendment of some chapters of the Behave in 2009.

“It is our view that the realistic strategy by the government to eliminate the Behave is to ensure the it wears a human face and to be consistence with democratic norms and ideals.”

Wednesday, July 17, 2013

Full Storry: The Urgent Need For Agricultural Development

The annals of agriculture dates back once again to 1000s of years and its development has been driven and defined by greatly different climates, cultures, and technologies. However, all farming generally count on techniques to expand and maintain the land which are suited to raising domesticated species. For plant, this usually requires some irrigation, although, you will find types of dry land farming, pastoral, herding on rangeland which remain the most common methods to raise lives stock. Agriculture in Nigeria falls into two main groups, food crops produced for home consumption and cash crops for export. Cocoa may be the leading non- oil foreign exchange earner but the dominance of smallholders and not enough farm labour as a result of urbanization restrain production.



In 1999 Nigeria produced 145,000 tons cocoa beans but Nigeria has the capability to produce 300,000 per year. Rubber is the second largest non-oil earning foreign exchange earner. Farming in Nigeria suffers plenty of neglect and abandonment from investors who rather devote their finance into oil and other sectors. Majority of people who farm in the country is suffering from not enough finance and man power to understand a large harvest while only a few rich can spend money on commercial farming that may be conveniently useful for export trading.


Agriculture, accounts for 23 percent of Nigeria's GDP and engages 3 percent of the economically active population. Agriculture contributed significantly more than 75 percent of export earnings before 1970. Since then, however, agriculture has deteriorated, partly as a result of government neglect and poor investment, and partly as a result of ecological factors such as for instance drought, disease, and reduction in soil fertility. Agriculture contributed 32% to GDP in 2001. Recently, agriculture's share of exports had declined to less than 10 percent. Once an exporter of food to nearby countries,



Nigeria now must import food to meet up domestic demand. Today's government of Nigeria has made endless promises to revitalize the agricultural sector of the economic which had once fed this nation and nations far and wide with her palms (used to produce palm oil, sesame, cocoa, rubber, cotton, soya beans, plantain, gum Arabic, kola nut, melon sorghum, millet, maize (corn), yams, and cassava which were once exported but are now actually sold mostly locally. Farming is one major aspect that Nigeria can boast of if properly utilised.


The lack of development in agriculture which has been relinquished to the poor has greatly affect, the country's economical progress. Most of our graduates even those specialized in the field of agriculture will rather work in a company than work in a farmland. The thought of “white collar” jobs has eaten deep in to the logical reasoning of Nigerians that farming is regarded as stressful and sometimes dirty. They'd preferred to get money to get food as opposed to produce the meals themselves. The total outcome of this is that, if every Nigerian is in a company and paid huge sums of amount, then you will have not enough food and importation of food stuffs will increase.


Lagos Assembly Approved N7b loan bid

LAGOS State House of Assembly has approved the state government's request of N7 billion loan to address challenges of housing deficit in the state. 
    The Assembly at its'plenary yesterday, adopted recommendations of the House Committee on Economic Planning and Budget on 2013 Appropriation Law with housing budget reviewed upward from N10 billion to N17 billion. 
    The Commissioner for Economic Planning and Budget, Ben Akabueze had, in a letter read on the floor of the House a week ago, requested that the budget deficit be risen to the tune of N7 billion to address the problem of “considerable housing deficit” in the state.

    Akabueze had also noted that the proposed amendment would not lead to increase in the budget estimate but the increment will be sourced through loan to construct 600 units of houses.    
  Before the approval of the request, the lawmakers had debated the rationale for the loan and recommendations of the committee.

Tuesday, July 16, 2013

Lagos actions to guard investors in property market

Plans are underway by the Lagos State government to protect the interest of real-estate investors and everyone through sanitisation and regulation of the actual estate market, Kehinde Abayomi, director of estate in the state ministry of housing, has said.

Abayomi, who represented Bosun Jeje, the state commissioner for housing, at the opening ceremony of the ninth edition of the Luxury Living Africa Property Exhibition, said the move was necessary to help curb the excesses of dubious real-estate agents who defraud investors in the sector.

“Real-estate agents must register with the state before they could be licensed as the sanitisation process may also involve screening and training of accredited estate agents within the metropolis,” he said.

Organised by Campaign Hype, the exhibition created a platform for trade promotions, exploring of investment opportunities, networking and market development for all stakeholders in the actual estate sector.

The expo also afforded property developers opportunity to showcase their recent products to prospective customers. “The aim of the exhibition is to display innovative real-estate products as Nigerians now see real-estate as new hub for investment after the crash of the stock market,” said Ike Steve, head, organising team.

“The growth of Africa's real-estate industry within the last six years has been impressive, signalling that the entranceway for opportunity and innovation has opened right in Africa; the need for a platform where new real-estate products could be showcased is important,” he explained.

The event also provided a platform for stakeholders to go over and chart the way in which forward on what investors can benefit from the mini property boom on the continent at present.

A number of the exhibitors at the expo include Rainbow Town Development Limited, developer of Rainbow Town, Port Harcourt; Vava Furniture, Howard Roark Multi Dynamics Limited, developer of Lakeview Park; Beaufort Properties, developer of Beaufort Ridge, Accra, and Kano Emirate Council, developer of Ado Bayero Royal City, Kano, etc.

Monday, July 15, 2013

CCESSA lauds govt for alliance with investors in infrastructure

Construction & Civil Engineering Senior Team Association (CCESSA) lauds government initiatives to partner with places which can be ready to buy Nigeria, support the infrastructural progress and donate to the development of the economy.

The National Leader of the association, Comrade (Dr.) Augustine Etafo, while commending the Government and the Asian version for the bilateral agreement  and the Memorandum of understanding reached with the China Civil Engineering Construction Firm (CCECC), claimed it's heartwarming to see that the business, as said in one of the Nigerian national dailies, by China's Vice Minister of Foreign Affairs, Mr. U Yucheng, that CCECC is going to be investing enormously in Nigeria, with planned investment in Actual House, concrete manufacturing, Beach Slots, railways, highways progress and the steel market among others.  Mr. Li also added that the Asian Construction big CCECC conducting business in Nigeria has used about 20,000 Nigerians with about 1,000 Expatriates.

CCESSA but note that the Asian construction big unsuccessful to inform people that against 1000 expatriates on history, there are only 35 elderly team in almost all their development in Nigeria. This is certainly indefensible. That is also in comparison variance to the extant law on expatriate quota; and even the labour laws. It's incredible that one of the 20,000 Nigerians used in the entire operations in Nigeria only 35 are elderly staff. It's significant complication for Nigerian graduates.

This indicates very convenient for the Asian multinational organization to utilize 1000 expatriates, and only 35 Nigerians. What goes on to the Nigerian professionals who are likely to perform in the establishments? It indicates the professional like Engineers, accountants, individual resource workers aren't required by the business or what? That leads to motion without development. How do we transfer technology between expatriates and junior team? That trend has identified Asian company in Nigeria. 

If this continues we might be left with no alternative than to end that China doesn't intend to transfer technology to Nigerians. You might have expected that in line with expatriate quota, the type of employees should be such that it may improve transfer of technology to the area populace. That brings us to the 2nd aspect of our fear, which can be; in a desperate effort to have hold on our government they compromise quality, common and choose the best cadre of labour, therefore causing a great space between quality and price.

That 1000 Asian is working wherever only 35 Nigerian graduates are used only leads to conclusion: Nigeria is sinking in to deeper graduate unemployment while Asian is solving their unemployment problems in Nigeria. Again, what is the qualification of the so-called expatriates? A cursory stop by at the internet sites of the corporation display, that individuals have expatriates cooks, expatriate home keepers and expatriate clerks, in the end what they contact expatriates are those who couldn't discover employment in China and are brought to Nigeria.

That brings to problem the type of employment relations such establishment.  Whereas the junior team is wholly Nigerians, and is numerous, the elderly cadre employment is said to be discussed involving the expatriates and the Nigerians.  Expatriates such as the title implies are said to be used wherever the area employees lack capacity however the reverse may be the case.
The Government should take cognizance of the truth that it's inadequate to signal agreements, but that Nigerian personnel interest should also be factored in.  Our trust and need is that Nigerians are experienced to dominate the jobs of expatriates after they have understudied them. 

CCESSA is not advocating that most expatriates should be delivered providing nor is he expressing that Nigerians can handle most of the complexities mixed up in construction industry.  But the idea is that, honestly there are places wherever the presence of experts is imperative.  In many other places, regional team has the capability to control affairs.  Such regional team must get the opportunity to perform, initially beneath the direction of the relevant experts. 
In this market, we have Engineers, Architects, Surveyors, Workers Officers, Accountants e.t.c and we believe if many of these are acknowledged and effectively put, then CCECC Company can not be speaking of less than 2000 elderly team as against the 1000 expatriates they have rightly or wrongly established.
Finally, we but welcome Asian investors in Nigeria, but it should be built to benefit Nigerians and much less a ploy to fix their particular unemployment crisis.

Labour Praises MoU with China

LAGOS - The Construction and Civil Engineering Senior Team Association yesterday recommended the Federal Government's effort to partner with countries prepared to buy Nigeria.

The association built the commendation in a record released in Lagos by their Leader, Mr. Augustine Etafo.
Based on it, the effort may facilitate progress of infrastructure and donate to the growth of the country's economy.

The association hailed the bilateral contract between the Nigerian and Asian governments and the Memorandum of Understanding (MoU) with the China Civil Engineering Construction Business (CCECC).

It expressed pleasure that CCECC might purchase property, concrete production, beach ports, railways and steel market, among others.

It noted that presently CCECC's entry in to Nigeria had triggered the employment of about 20,000 Nigerians.

The association, however, regretted that there were just 35 Nigerian people of their senior staff in the entire Nigeria as against 1000 expatriates.

Based on the body, this really is contrary to the extant law on expatriate quota.

‘' What are the results to Nigerian specialists that are designed to function in the establishment?

“If this remains, we may be left without choice than to end that China does not intend to transfer engineering to Nigerians,” the association said.

It told that the interest of Nigerian employees should be secured in the MOU.

The association expected that Nigerians might dominate the jobs of expatriates in Nigeria after understudying them.

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Sunday, July 14, 2013

Part 3: update:$27Million Saga: Senate Never Approved OBJ,GEJ To Purchase And Disburse Nigerian Real Property Qualities In U.S.--Reports

 Part 1, Part 2

Learn more on the $27Million missing Real Estate properties in United States beneath:   New York[RR] ABUJA--Update: Missing $27M: Adefuye, Ashiru, Ogwu And Cronies Sweating Over Looted $27Million Real-Estate Funds, As Senate Investigates, Republic Reporters has learnt. In accordance with Vanguard, investigation to the alleged misappropriation of $27 million realized from the sale of prime properties belonging to the Nigerian Embassy in Washington DC and Maryland in the United States of America (USA), is Onn.  It said: "The probe is being handled by Senate Committee on Foreign Affairs chaired by James Manager (PDP Delta South). The funds were said to be proceeds that accrued from the properties sold between 2004 and 2007.

"Almost immediately, the embassy also allegedly began another sale of a fifth property located in San Francisco, California also in the USA. The embezzlement allegation was found in a three-page petition to Senate President, David Mark, and dated January 21 by an anti-corruption body located in Nigeria – Transform Nigeria Movement. Embattled Nigerian Ambassador to the United States Ade Adefuye, said hours ago: "I have no turn in the missing $23.5Million, I met only $10Million in in account", he said. He said alleged missing $27Million accrued from Real Estate property sales in the United States between 2004 and 2007, is false, "I met $23.5Million..",

when i resumed office, President Jonathan authorized us to utilize the $10Million left for necessary restructuring at the Embassy, in the U.S, without explaining what restructuring took place at Nigerian Embassy in the United States..", he told reporters.

Meanwhile, Nigerian Permanent Ambassador to the United Nations (UN) Professor Joy Ogwu, has disassociated herself from the looted Real Estate funds, that went missing between 2007 to 2012, when it absolutely was revealed the funds placed into special account at Manufacturing And Trading Bank (M & T Bank) in Washington,DC was drawn down with less than 400,000.00 dollars left in the account when it absolutely was closed down by United States banking industry as a result of "money laundering", by Nigerian diplomatic officials at the Nigerian Embassy in Washington, DC, United States.  Ms. Ogwu told reporters, She: "Had to clarify the situation to douse what she called “malicious misinformation” making the rounds in the media.She spoke against the background of  her invitation by the Senate Committee on Foreign Affairs investigating the alleged embezzlement of 23.5 million dollars from the Nigerian embassy in Washington D.C. The funds were considered arises from the sale of three Federal Government houses in Washington D.C. between 2004-2007.

She however, acknowledged that the Senate Committee on Foreign Affairs invited her in link with a petition concerning misappropriation and embezzlement of funds by the Nigerian ambassador to the U.S. and others. Based on the former envoy, she appeared prior to the senate on June 27 and categorically emphasised that she neither received any request nor granted authorisation to any ambassador concerning the sale of Nigerian properties in Washington D.C.“Indeed, projects of such enormity are traditionally for the consideration of the Federal Executive Council.“It's very instructive to note that I was not invited to the Senate within my present capacity as Nigeria's Permanent Representative to the UN, because I'm not under trial.

“I was invited within my capacity as former Minister of Foreign Affairs of Nigeria and the  property and the attendant proceeds come in Washington D.C and I've absolutely nothing regarding it.”She observed that she have been erroneously portrayed as having appeared prior to the Senate in her capacity as Nigeria's Permanent Representative at the UN.Ms. Ogwu fumed that: “Some reports have even labelled me as a former Nigeria ambassador to the U.S., who succeeded Prof.

George Obiozor.“That's wrong because I haven't been Nigerian Ambassador to the U.S,” she stressed. "In a letter dated June 10, I was invited by the Senate Committee on Foreign Affairs on a petition concerning misappropriation and embezzlement of funds by the Nigerian ambassador to the U.S. and others. "Paragraph two of the letter states that I'm invited to the meeting within my capacity as former foreign affairs minister 2006-2007. "In my testimony prior to the senate committee on June 27, it absolutely was categorically emphasised that I neither received any request nor granted authorisation to any ambassador concerning the sale of Nigerian properties in Washington D.C.

"Indeed, projects of such enormity are traditionally for the consideration of the Federal Executive Council." "It is very instructive to see that I wasn't invited to the Senate in my own present capacity as Nigeria's Permanent Representative to the UN, because I'm not under trial. "I was invited in my own capacity as former Minister of Foreign Affairs of Nigeria and the  property and the attendant proceeds are in Washington D.C and I have absolutely nothing regarding it." The former minister noted that the clarification became pertinent following what she called "malicious misinformation" making the rounds in the media. She observed that she have been erroneously portrayed as having appeared prior to the Senate in her capacity as Nigeria's Permanent Representative at the UN. 

"Some reports have even labelled me as a former Nigeria ambassador to the U.S., who succeeded Prof. George Obiozor. "That's wrong because I haven't been Nigerian Ambassador to the U.S," she stressed. -  In another front, the Minister of Foreign Affairs, Amb. Olugbenga Ashiru, curiously stated that $27 Million or $23.5million wasn't missing at the Nigerian Embassy in the United States, without giving details. Ashiru, who had been visibly sweating in Abuja heat told reporters in FCT-Abuja. said the sale of Federal "Government property in Washington DC was duly authorised by ex-President Olusegun Obasanjo, but may not explain how the funds were interested in significantly less than $400,000.00 as M & T Bank closes the Special accounts on allegations of fraud and multiple money laundries. In the statement he explained: “The eye of the Ministry of Foreign Affairs has been interested in the above-mentioned allegation as carried in most national newspapers of Friday, June 28, 2013.

 “The newspapers reported a public hearing conducted by the Senate Committee on Foreign Relations, where Nigeria's former Ambassador to the United States, Prof. George Obiozor, Nigeria's current Ambassador to the same Mission, Prof. Ade Adefuye, and Nigeria's current Permanent Representative to the United Nations in New York, Prof. Joy Ogwu appeared. “The Committee was meeting to investigate allegations of the embezzlement of $27 million, being arises from the sale of Federal Government properties in Washington DC. The Ministry, however, wishes to share with the general public as follows:That monies involved in the sale of Federal Government properties were duly and completely accounted for..

." he said, but by who? Embattled Ambassador Adefuye was reportedly left his Ambassadorial post in Washington,DC, and was "virtually sleeping at EFCC's office FCT-Abuja", anonymous FCT-Abuja eyewitnesses told Republic Reporters. Ashiru added: ""The human body requested the Senate to probe how the said funds disappeared between 2004 and 2007."During the sale of the properties, the Nigerian government, through the embassy in Washington, engaged the services of ECULAW Law firm which handled the sales and lodged the proceeds with respect to the embassy in to a special account with the Washington DC based M & T Bank. The bank was speculated to be holding deposits of huge proceeds from the property sales until George Obiozor who was then Nigeria's Ambassador to the U.S. returned to Nigeria after completing his service in Washington.

The funds which allegedly yielded substantial monthly curiosity about the M & T Bank remained in the special accounts throughout the tenure of Obiozor's successor, Oluwole Rotimi. Daily Independent newspaper reported that the petitioners said: the funds “mysteriously disappeared” once the incumbent envoy, Adebowale Adefuye, took over from Rotimi, who was fired by late Yar'Adua for insubordination to then Foreign Affairs Minister Ojo Maduekwe, whom he called "Biafran Ragtag, he defeated during Biafran-Nigerian hostilities between 1967 to 1970.

 The disappearance of the funds, based on the petition, became evident when M & T Bank was forced to turn off the accounts of the embassy and subsequently terminated all banking relations with the embassy in early 2012. According to the petition, all the three accounts owned by the Nigerian Embassy in the custody of M & T Bank, like the $27 million proceeds from property sales were allegedly drawn right down to barely $400,000 at the time the accounts were closed. Since March 2012, there has not been any explanation of the whereabouts of the money that was alleged to stay the lender at the time Adefuye assumed office as Nigeria's envoy.

In 2009, about $3 million realised from a similar transaction was directly used on the purchase of a house in Russia. The National Assembly reportedly held a public hearing about the misapplied funds. "The petitioners are worried that the Federal Government hasn't done anything to trace the funds before anti-corruption body allegedly petitioned the Senate. Even Adefuye who is thought to will be in Abuja for quite a long time before time for Washington recently, was allegedly not quizzed by government or the Foreign Affairs Ministry.

The group, therefore, urged the Senate to investigate the case with a view to recovering the missing funds. Senate also at plenary on Thursday approved the nomination of Emmanuel Adegboyega Aremo as new Secretary of the Economic and Financial Crimes Commission (EFCC). Meanwhile, key witness to the sales of the Real Estate property Ephraim Emeka Ugwuonye a US-based lawyer during whose tenure since the Emassy's attorney the said $27 million was realized from property sales, is scheduled to testify prior to the Nigerian Senate Committee investigating the looted funds tomorrow, Monday, July 1, 2013, prior to the Senate Foreign Affairs Committee tomorrow in an in depth door exercise.  Ugwuonye said: "

“I look forward to it, really. But everbody knows, it is quite a serious business. I wish to also add that I would be busy staying alive and unharmed till that moment,” Ugwuonye, who is currently in fee dispute with the Embassy, said today on his Facebook wall. He also alleged that he was trailed by possibly attackers. "“Well, I don't want to panic anybody, but yesterday evening, my car was followed. It had been too obvious my car had been followed. I won't discuss the important points without exposing how and why there was no incident in the end. But when I get the ability to right a memoir, I will disclose the drama of yesterday's evening. Because of this incident, I'd either not step out today or I'd follow a different route if I do.” More update later...

Part 2: update:$27Million Saga: Senate Never Approved OBJ,GEJ To Purchase And Disburse Nigerian Real Property Qualities In U.S.--Reports

 Part 1, Part 3

"he explained, but by who? Embattled Ambassador Adefuye was reportedly left his Ambassadorial post in Washington,DC, and was "virtually sleeping at EFCC's office FCT-Abuja", anonymous FCT-Abuja eyewitnesses told Republic Reporters. Ashiru added: ""The body requested the Senate to probe how the said funds disappeared between 2004 and 2007."Through the sale of the properties, the Nigerian government, through the embassy in Washington, engaged the services of ECULAW Law firm which handled the sales and lodged the proceeds on behalf of the embassy right into a special account with the Washington DC based M & T Bank. The lender was speculated to be holding deposits of huge arises from the property sales until George Obiozor who was then Nigeria's Ambassador to the U.S. returned to Nigeria after completing his service in Washington.

The funds which allegedly yielded substantial monthly curiosity about the M & T Bank remained in the special accounts through the entire tenure of Obiozor's successor, Oluwole Rotimi. Daily Independent newspaper reported that the petitioners said: the funds “mysteriously disappeared” when the incumbent envoy, Adebowale Adefuye, took over from Rotimi, who was fired by late Yar'Adua for insubordination to then Foreign Affairs Minister Ojo Maduekwe, whom he called "Biafran Ragtag, he defeated during Biafran-Nigerian hostilities between 1967 to 1970.

The disappearance of the funds, according to the petition, became evident when M & T Bank was forced to power down the accounts of the embassy and subsequently terminated all banking relations with the embassy in early 2012. According to the petition, all of the three accounts belonging to the Nigerian Embassy in the custody of M & T Bank, such as the $27 million arises from property sales were allegedly drawn down to barely $400,000 during the time the accounts were closed. Since March 2012, there's not been any explanation of the whereabouts of the amount of money which was alleged to be in the bank during the time Adefuye assumed office as Nigeria's envoy. In 2009, about $3 million realized from the same transaction was directly spent on the purchase of a property in Russia. The National Assembly reportedly held a public hearing regarding the misapplied funds. Reports say:"

The petitioners are involved that the Federal Government hasn't done anything to trace the funds before anti-corruption body allegedly petitioned the Senate. Even Adefuye who's believed to have been in Abuja for quite a long time before time for Washington recently, was allegedly not quizzed by government or the Foreign Affairs Ministry. The group, therefore, urged the Senate to investigate the case with a view to recovering the missing funds. Nebukadineze Adiele reacting to Rotimi Osunsanya remarks beneath: "n addition we must demand the source of the Authority to offer and dispose the property of the Government! By my experience, the President does not have the statutory responsibility to procure, sell and dispose any Government property at will. That's against the law and it's an impeachable criminality..", Mr. Rotimi Osunsanya said. Has this to express:

"Whenever I curse out many people on these forums, its is mainly because I haven't any tolerance for falsehood peddling, especially senseless ones. Whenever such senseless falsehoods are peddle by supposedly educated adult Nigerians, nothing short of cursing them out suffices as the peddlers of falsehood are shameless liars and annoyingly impervious to correction or reason.   "What could be more despicable and inviting of a cursing out compared to the brainless falsity peddled by Rotimi Osunsanya, as excerpted above? He shamelessly claims that the president of Nigeria does not have the authority the dispose of property owned by the government of Nigeria.   "But section 130(2) of the constitution of the Federal Republic of Nigeria, 1999 says this:   

The President shall be the Head of State, the Chief Executive of the Federation and Commander-in-Chief of the Armed Forces of the Federation.   He added: "How could a Chief Executive of the Federation not have authority to direct the selling from property belonging to the government, especially ones on this kind of low level scale? How can a leader run a government if he's so statutorily incapacitated? If the president couldn't direct the selling from government property or the procurement of new ones for the government, then who has that authority, the legislature? No, you idiot, these are functions statutorily assigned to the executive branch of the government headed by the president. 

"I agree with Ojo Maduekwe that the legislature was overreaching with your investigations (the Senate has authorization to investigate any allegation of missing money belonging to the government, however the House's prior investigation, as to who authorized the sell of the property, was extra constitutional).   "Rotimi Osunsanya, if I recall correctly, was the fellow who lost his ward and deposit as a PDP candidate for a seat at the House of Representatives from Lagos state. Fellow Nigerians, just imagine this for a second. A person who not even know the functions constitutionally assigned to the president of Nigeria was almost certainly one of your law makers. Can there be any longer wondering as to the reasons Nigeria is a big for nothing country?..", he fumed.

Part 1: update:$27Million Saga: Senate Never Approved OBJ,GEJ To Purchase And Disburse Nigerian Real Property Qualities In U.S.--Reports

Part 2, Part 3

New York[RR] New York--Update:$27Million Tale: Senate Never Licensed OBJ,GEJ To Sale And Disburse Nigerian Real Property Houses In U.S.--Reports. Following constant analysis by Nigerian Senate Committee on International Affairs on $27Million accruing from Real Property Houses revenue in the United Claims, sitting at the Federal Capital Place (FCT) Abuja, indicate clinically distinct that Nigerian National Assembly/and the Nigerian Senate never whenever approved the former Leader Obasanjo (1999 to 2007) to get the sale of the Real Property properties, neither achieved it authorize recent administration led by Leader Goodluck Jonathan to issue presidential authorization to Nigerian Ambassador Ade Adefuye, Nigerian International Affairs Minister, Olugbenga Ashiru to disburse now lacking $27Million gathered from illegal revenue of Nigerian Real Property Houses in the United States.

Republic Reporters investigations revealed. Signs display that the $27Million which, has curiously disappeared from the unique banking account at Manufacturing And Trading Bank (M&T Bank) in Washington,DC, and attracted down seriously to less than $400,000 was misappropriated, clearly makes Senate investigations really necessary. Curiously experts and international political analysts are questioning employing techniques of Nigerian Embassy legal Counsel whether it following principle of law. Rotimi Osunsan in Massanutten Hills Resort,Virginia, wondered: "I when requested but never got an answer: were the employing of the Embassy lawyers, including Emeka Ugwuonye and the young Aluko in submission with the established fair, competitive, process?

 Was the Embassy clear with the employing techniques of the lawyers and any one of their team for instance?\ Enormous recurring allegations of financial improprieties at the Nigerian Embassy in Washington,DC, and corruption by Nigerian diplomatic officials all over the world is heart-breaking. The embattled Nigerian Ambassador to the United Claims Ade Adefuye feeling the warmth from Senate Committee on International Affairs, said: "I have no submit the lacking $27Million accruing from revenue of Nigerian Real Property properties in the United States. He said: "The claim that I used $23.5Million was high since what I met in the bill of the embassy when I resumed whilst the Ambassador of Nigeria to the United Claims was only $10Million...", he said. Adding that:"Operations at the embassy in Washington,DC was poorly financed since it was getting only $200,000 of their monthly entitlement of their $600,000... to meet up financial obligations, I obtained presidential authorizations to make up for the shortfall from the $10million in their account..",

he informed reporters in Washington,DC, Republic Reporters communication in Washington,DC confirmed. Curiously, Minister of International Affairs, Olugbenga Ashiru, stated that $27 Million or $23.5million was not lacking at the Nigerian Embassy in the United Claims, without providing details. Ashiru, who was simply clearly sweating in Abuja heat informed reporters in FCT-Abuja. said the sale of Federal "Government house in Washington DC was properly authorised by ex-President Olusegun Obasanjo, but could not explain how the funds were attracted to less than $400,000.00 as M & T Bank closes the Particular records on allegations of fraud and multiple income laundries. In the record he said: “The eye of the Ministry of International Affairs has been attracted to the above-mentioned allegation as moved in many national magazines of Friday, August 28, 2013.

“The magazines reported a public hearing done by the Senate Committee on International Relations, at which Nigeria's former Ambassador to the United Claims, Prof. George Obiozor, Nigeria's recent Ambassador to the same Goal, Prof. Ade Adefuye, and Nigeria's recent Permanent Representative to the United Countries in New York, Prof. Delight Ogwu appeared. “The Committee was meeting to examine allegations of the embezzlement of $27 million, being proceeds from the sale of Federal Government properties in Washington DC. The Ministry, however, wishes to share with most people the following:That all charges active in the sale of Federal Government properties were properly and completely accounted for..."

Saturday, July 13, 2013

Nigeria: N5 Billion Pension Fraud - Ex-Director Protects N500m Bail


Having spent thirty nine days at Kuje Maximum prison, a Federal High Court in Abuja, yesterday, granted bail to the former Director of Pension Accounts in the Office of the Head of Civil Service of the Federation, OHCSF, Dr Sani Teidi Shaibu, to the tune of N500 million.

Justice Adeniyi Ademola further directed the ex-pension boss who was simply said to own connived with a former manager with the defunct Oceanic Bank Plc, Mr Udusegbe Omoefe Eric, and diverted about N5 billion designed for pensioners across the federation, to make two sureties in like sum..
Likewise, the court also released his alleged accomplice, Eric, on a single bail terms, stressing that the sureties should be owners of landed property with the jurisdiction of the court. Besides, the sureties are to deposit the title deeds of the property with the Deputy Chief Registrar of the court.

Based on the judge, "The accused persons should equally deposit their travelling documents with the court registrar and mustn't travel without the permission of the court. If the travelling passports already are with the court, they must be used in the registrar with this court."
Before adjourning hearing on the substantive case against them till October 23, Justice Adeniyi directed that in the case the accused persons fail to meet up the conditions upon which these were granted bail yesterday, they must be returned to Kuje prison.

It is going to be recalled that the court had earlier suspended ruling on the bail application indefinitely sequel to a petition the ex-pension boss wrote from the presiding judge.  Teidi, who was simply said to own acted without the consent of his lawyer, wrote the Chief Judge of the High Court, Justice Ibrahim Auta, accusing the trial judge of deliberately allowing him to stay in prison custody despite he had filed his application for bail.

It had been the contention of the accused individual that the judge had on several occasions thwarted efforts by his legal team to secure his release.
Consequent upon the petition, Justice Adeniyi adjourned the case in order to answer to react to the petition as he was directed to do by the CJ.

Part 2 Nigeria: N5 Billion Pension Fraud - Ex-Director Protects N500m Bail

 Part 1
The duo who are answering to a 22-count criminal charge bordering on conspiracy, fraud, breach of public trust and obtaining by false pretense, were on June 7, arraigned before the high court by the Economic and Financial Crimes Commission, EFCC. EFCC had maintained that the accused persons used nine companies and siphoned pension funds.

It gave names of the businesses accused of complicity in the pension scam as Gozinda Enterprises, Bashinta Nigeria Ltd, Haleath Enterprises, Uthatak Nigeria Ltd, Krasiva Nig Ltd, Badawulu Ventures Limited, Ebunu Attah Investment, Muha Millennium Motors Limited, Ribaile Petroleum Ltd.
EFCC had earlier revealed before the court how the accused persons used seven Bureau De Change operators and stole pension funds, adding that throughout the investigation process, one Mohammed Muhamud, owner of Muha Motors, who it said volunteered statements on 16/2/2011 and 31/5/2011, confessed that Dr Shaibu, at various times, used his bank accounts to transfer huge sums of money to another account operated by one Chief Anthony Azewaputa, who EFCC said facilitated the purchase of "Brifina Hotel", for the 1staccused person.

The agency told the court that the offence which it said ran unlike sections 1(1) (a), 7(1) (b) (i), 8(a) of the Advance Fee Fraud and Other Related Offences Act, 2006 and punishable under sections 1(3), 7(2) (b) (i) of the exact same Act, was committed between 2009 and 15 March 2010.
Much more, EFCC, alleged that the remanded pension boss, siphoned money from the pensions department and purchased plot B59 Dawaki Extension Layout in Abuja in one Stanley Obioma Iwu, with the intent to disguise the ownership of the proceeds of the illegal transaction, along with, looted monies and purchased 100 units of Lifetime 32-LCD Television, 100 units of Samsung Refrigerators, 70 units of Samsung 1.5 HP Air-Conditioners, 30 units of Samsung Split unit 1.5 HP Air Conditioners, 15 units of 3HP Package unit Air-Conditioners from Iwu, Chikwado Ezenwoye and Essential Gadgets Ventures

Lagos flags-off certification of house agents


AS section of its decision to wash up the rot in the estate organization area, the Lagos State through its True House Purchase Regulatory Power, a week ago revealed that it had started issuance of validation permits to customers of Lagos State part of House Rent and Commission Agents Association of Nigeria (ERCAAN).

The shift came almost a year following the team began procedures to checkmate the activities of some estate brokers who often gather income from simple customers beneath the guise of having accommodation for them.

  Talking at the unveiling of a taskforce group and one year anniversary of the ERCAAN professionals, the agency's Assistant Common Manager and Mind, Control Tracking and Administration, Mrs. Linda Patunola-Ajayi, disclosed that the organization has already began supplying permits to brokers even while it would soon start enforcement.

Patunola-Ajayi further stated that ministries and agencies in Lagos had recently been given directives never to patronize unregistered brokers putting that the human body would start enforcing the laws with special help from enforcement officers drafted to the agency.

According to her, high property demand in their state has created the field vunerable to punishment by people who take part in a number of un-salutary practices to the detriment of the citizens.

  A source hinted that the enforcement group would move into the area in September.

Earlier in the day, Chairman of ECRAAN Lagos section, Mr. Godwin Alenkne, said the association is a key supporter for regulation of the real estate profession in Lagos State even while the association had received the highest amount of forms.

Alenkne also referred to as on the Lagos state organization to speed up the process of certification to ensure that enforcement can start immediately. 

He explained that the create of the taskforce was to spot fake real estate brokers and enforce standards.

He explained, “For people discipline must begin within and our customers must attain the highest level of discipline before the typical public. The marshals are to coordinate and pronounce our signal of perform as within the structure of the association at all times&rdquo ;.

 According to Alenkhe, ERCAAN customers across their state have initiated subscription in 42 areas in 52 Local Council Growth Region and happen to be obtaining LASRETRAD subscription forms.

The procedure of pinpointing people suitable to be licensed as estate brokers involves creating a repository that may metamorphose in to a special House Representative identification quantity (EAIN) in the State.

The Database Administration may ultimately result in issuance of permits to apply as House Agents in the State through an automation process.

A compendium of principles and regulations has been created to guide the practice of True House in Lagos State, while preliminary information regarding practicing estate brokers, licensees and different applicable companies can be tested on the Office internet website which is start soon. 

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