Business
Rivers Co-operative To Embark On Property Renovation
The Rivers Co-operative Federation (RCF) is to embark on the renovation of all its landed properties within Port Harcourt and its environs.
Disclosing this to The Tide in his office in Port Harcourt, the president of the RCF, Mr Victor Alasia said that the Federation is taking up such challenge because all the properties handed over to the present board are dilapidated.
According to Mr Alasia “All properties we inherited were in general state of decay and disrepair. To arrest the ugly situation, the first step we took was to enter into agreement with some of the tenants to repair the precarious areas to arrest the decay and thereafter capitalise the cost of such repairs as rent.”
The co-operative president further disclosed that the properties, the present board formally took off with are 34 Ikwerre Road in the Mile One Diobu, Port Harcourt, 24 Obidianso Street in Mile two area of Diobu, 13 Aggrey Road in Port Harcourt township, and 6A Elechi Beach in Mile One Diobu axis.
The rest of the properties so inherited by the present board, according to the co-operative president, are plot 128 Trans- Amadi Industrial Layout which sometime ago was in controversy among the co-operators, and the Federal Feed Mill at Rumuodoumaya.
He also said that the cooperative federation almost lost the four plots of land bought by the former board, but that they were able to salvage about 2.8 plot, which was sold and the proceeds used prudently to take care of the immediate needs of the federation.
On when the formal renovation plan will fully commence, Mr Alasia stated that every arrangement have been made, and necessary documentations plot in place, which is to receive the blessing of cooperators.
Alasia also disclosed that the co-operative federation will vigorously pursue to acquire its certificate of occupancy (CofO) for the properties at Elechi Beach, Obidianso and that of the Federal Feed Mill at Rumuodamaya, pointing out that the only source of income that the board inherited was the house rents that were seldom paid by the tenants.
The co-operative boss however urged all cooperators in the federation to uphold the tenants of cooperative and support the present board members so as to enable them take the movement to greater heights, while they on their own part will continue to strive to give the necessary co-operative leadership.
Corlins Walter
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