The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has pressed on its demand for the review of the Land Use Act in Nigeria.
National President, NISEV, Esv.Rowland Abonta, made this demand at the NIESV Mandatory Continuing Professional Seminar which doubled as the 50th Anniversary celebration of the association in Abuja.
Abonta stated that the institution planned to set up an advocacy bridge to the government towards the review of the Land Use Act in the country.
He said NIESV has, over the years, made series of presentations to various Assemblies nationwide, on the matter with the recommendation that the land act be withdrawn from the nation’s constitution for proper amendment in conformity with the current economic realities of the country.
According to him, Land law is a proactive and dynamic law which cannot be embedded in the constitution without review since 1978 till date with the skyrocketing rate of economic development, population increase and other needs of the nation.
“Land affects everything because it is a major source of production that determines where all activities take place.
“So, such a vital issue cannot be entrenched when it fosters possible dynamic changes that would bring economic development for the nation and also affect the destiny of the people, businesses and organisations,” he said.
He noted that only about 10 percent of Nigerians have access to allocation of land across the country while the other 90 per cent purchase lands.
He explained that when the lands are taken from land owners by government or wealthy individuals, the land owners are only paid the rate of rent for the current year of forceful acquisition by authorities, without adequate compensation for the previous rents and other sundry expenses incurred by the land owners.
According to him, It is an abuse of fundamental human rights perpetrated by the government which is an institution that is supposed to both promote and protect such rights.
Abonta criticised the evaluation of the same value of land rate across the six geo-political zones of the country, noting that such evaluation should be done according to the development of areas which is the determinant of land value.
He lamented the non-chalant attitude of the federal legislators concerning the matter, which he said, have been tendered several times at the floor of the House of Representatives and urged them to be responsive to the land use act.
In his presentation, Professor Victor Akujuru of the Department of Estate Management, Rivers State University, said that Land Use Act only specifies the compensation for economic plants and trees without accurate value for land.
“The law needs to be amended so that people will be properly compensated for the land which a building is standing on and market value should also be used in determining the compensation rate for buildings,” he said.
The university don said Nigeria’s economy and property market were distinct from any other society and should determine the value of both natural and market forces.
Check-Off Dues: NULGE Issues AKULGA Seven-Day Ultimatum
The Rivers State Council of the Nigeria Union of Local Government Employees (NULGE) has issued a seven-day ultimatum to Akuku-Toru Local Government Council to remit funds owed the union or face strike action.
The union said the funds, amounting to N3,840, 000, were check-off dues deducted from its members and should be remitted to the union.
NULGE came up with this position after rising from its state executive council meeting, yesterday.
The union said it decided to issue the ultimatum based on the consistent disobedience of the council to court orders on the matter.
State secretary of NULGE, Comrade A.C. Okoro, who spoke on behalf of the union, said the union had notified security agencies on the matter.
Okoro stressed that from March 3, 2020, Akuku-Toru Council would be shut down if the leadership of the council refuses to implement the court orders to remit its members check-off dues to the union.
He also said employees in other 22 LGAs in Rivers State would also shut down operations in their councils in solidarity with the union.
Okoro said the union has forwarded memos to the Association of Local Governments of Nigeria (ALGON), Local Government Service Commission, Rivers State House of Assembly Committee on Local Government, Nigerian Labour Congress, the Commissioner of Police and the Director, State Security Services (DSS), in the state.
He expressed hope that the face-off would not result to shutdown if the council does the needful.
Dangote Invests N63bn In Enugu-Based Automaker …Buys 3,500 Trucks
Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services Limited, for the supply of Shacman trucks being assembled at the Anambra Motor Manufacturing Company Limited’s factory in Emene, Enugu.
Already, the group has purchased 3,500 trucks from the automaker worth N63bn, according to the Managing Director of the Transit Support Services, Mr Frank Nneji.
Nneji, who spoke with journalists recently after a facility tour of the truck assembly line at the ANAMMCO plant, said the supplies amounted to over 90 per cent of all Shackman trucks assembled at the factory since the revival of the plant after a long period of abandonment.
“About 90 per cent of trucks produced here are for Dangote. Right now at the dump, we have about 300 units. Since last year, we have done 800 units. Dangote Group since inception has bought about 3,500 units from us. It also patronises the Shackman trucks for its refinery currently being built in Lagos,” he said.
He said the project had also kept busy the Onne port, which was dormant for many years.
According to him, the port is used for the delivery of vehicle components supplied to the ANAMMCO plant by its partner from China, Shaanxi Heavy Duty Automobile Import & Export Company.
Nneji, who is also the Managing Director of ABC Transport Plc, the franchise holder of the Shacman Nigeria said the Dangote/Shacman truck deal had benefited the people in the area immensely through job creation and training of young school leavers.
He said, “This has been of tremendous benefit for the people in the South-East. For more than seven years, this place was shut down.
“There was no activity until Shackman came and we made an agreement with the Shacman Group and we started skeletally.”
He added, “We were only able to start full production of trucks when we offered logistics solutions to the Dangote Group. That was in 2016 when we started the first agreement for 500 trucks.
“With this, many workers of ANAMMCO who had been at home had to come back to work; some local suppliers of lubricants, electrolyte and the rest had to return to business.”
Nneji noted that the resuscitation of the ANAMMCO plant was made possible through the establishment of the auto policy which encouraged local production of automobiles
The General Manager, Corporate Communications, Dangote Group, Mr Sunday Esan said Dangote was satisfied with the quality of Shacman trucks and assured of continued patronage.
Domiciliary Accounts: Experts Hail CBN’s Clarification
Business experts in Port Harcourt have commended the Central Bank of Nigeria (CBN) for clarifying issues concerning the ban of domiciliary accounts by the apex bank.
The CBN had said on recently that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs).
The CBN Director, Corporate Communications, Mr. Isaac Okorafor made the clarification while speaking to newsmen in Abuja.
He explained that a domiciliary account is a type of current account that allows customer to fund it with foreign currencies such as dollars, pounds or euros and enables them to do foreign transactions.
The account, according to report, could be used to transfer money to another country or receive foreign currency from another country.
Okorafor also said that only electronic fund transfers into Domiciliary accounts could also be transferred from such accounts while cash deposits into such accounts could as well be allowed to be withdrawn in cash.
He said the clarification was necessary due to misrepresentation of facts and uncertainties surrounding the operations of domiciliary accounts in the country.
Reacting to the statement by CBN, the Director of I-Contact Connect, Dr. Larry Goodwill Ajiola said in a telephone interview with our correspondent that the move by the apex bank was a step in the right direction to help the business community, especially those that do electronic transaction with foreign currency.
He noted the need for electronic business men and women to always evaluate the market before venturing into it, saying that “Nigerians do not make sacrifice to learn through research but prefer to learn through experience”
Also, the Manager Abna Travels, a travelling agency in Port Harcourt, Mrs. Kate Emenike told The Tide that the rumour was really spreading before the apex bank came out with the clarifications.
She said the action of CBN was commendable and would lay to rest the effect of the rumour on business owners.
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