Business
NIESV Tasks Public On Property Agreement
The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Rivers State branch has urged members of the public, particularly those resident in Port Harcourt to ensure that they have a written agreement which must be prepared by a lawyer, in any issue of property purchase or lease, so as to avoid future disappointments.
This advice follows some reported issues of disappointment incurred by some people who had mere verbal agreement on the property they leased.
Chairman of NIESV, Rivers State Chapter, Mr. Emma Wike, who was reacting to the matter in an interview with The Tide in Port Harcourt recently, said that any transaction on property matter which does not have a proper written agreement prepared by a lawyer can not be tenable in a law court.
According to the NIESV chairman, “I do not advise people to go into agreement without a written contract prepared by a professional, especially a lawyer. For any agreement to be legal in property matters, it must be signed by a lawyer”.
Further more, he said, “my advise on this issue is that people should put their agreements in writing when it comes to property, so as to avoid unnecessary disappointment from any of the parties.
On Governor Amaechi’s promise to build 1,000 housing units for the low-income earners, Wike posited that the idea may not be realizable, given the level of income of the low-income earners and the amount which the house will cost, except there is a good mortgage system that is put in place that can gurantee availability of funds to the tune of about N3 million for the low-income earners.
He said that government should work out a mortgage system where the low-income earners can have access to funds to be able to pay for the houses if such programme must be functional else, it might be hijacked by higher and middle income earners.
Corlins Walter
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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