Business
Pearl Estate Opens At Ilupeju
The Afribank Estate Company Limited, a subsidiary of Afribank Nigeria Plc has finally commissioned its Pearl Estate at Ilupeju in Lagos, after several months of construction work.
Nebolisa Arah, the group Managing Director, Afribank Nigeria Plc, at the commissioning ceremony disclosed that each member of the group contributed to the success of the property outfit.
According to him “while Afribank Estate Company Limited packaged, promoted and developed the estate, the parent bank provided the funds, while the insurance company insured the development against risks.”
In his speech earlier, the Afribank Estate Managing Director, Mr. Charles Njoku who also is an engineer by training, stated that residents of the estate would enjoy amenities such as standby generators, mini-mart, fitted gymnasium, borehole and water treatment, swimming pool, intercom as well as telephone system.
The Pearl Estate is located on a premises that has housed Afribank Estate Company Limited for several years at Adekunle Odunlami Street within the Ilupeju axis of Lagos.
The Pearl Estate is made up of 12 units of exquisite residential accommodation, comprising of four units of four bedroom town houses each with a maid’s room and eight units of four bedroom semi-detached houses each with a room for domestic servants.
Also, each unit of the town houses carries a price tag of N60 million, while each unit of the semi-detached houses goes for N70 million as the case may be.
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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