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NASS Promises To Support Stakeholders Reduce Housing Deficit

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The National Assembly says it will give necessary support to stakeholders in housing sector towards reducing Nigeria’s housing deficit.
Chairman, Senate Committee on Housing, Sen. Sam Egwu, made the pledge at the opening of a workshop, with a theme “Emerging Trends in Real Estate Development in Nigeria’ organised by the Real Estate Developers Association of Nigeria (REDAN), in Abuja, recently..
He said the committee would give priority to bills seeking to address challenges in the housing sector so as to make suitable, adequate and affordable housing available to all Nigerians.
He urged the association to recommend necessary bills for consideration and advised it to redirect housing investment to low income earners.
“For real estate developers to effectively play their role in delivering affordable housing to citizens, they must understand the emerging trends in real estate development globally.
“Unfortunately, the organised private sector seems to have catered only for the middle and upper classes with little or nothing to meet the housing needs of low income earners.
“I urge you to look in the direction of low income earners to reduce the current overwhelming housing deficit and provide affordable housing to majority of Nigerians at that level.
“You are encouraged to explore the advantages of using locally sourced building materials to develop cost effective houses that majority of the country’s low income earners can afford.
“As against the conventional very costly building materials that has made housing unaffordable to majority of Nigerians,” he said.
President, REDAN, Rev. Ugochukwu Chime, said the training, was to give participants insight into the realms of how best to do business with less stress, risk and impact positively the development of the economy.
He said the association was involved in capacity building for all practitioners in the sector which included artisans and other direct home construction personnel need be trained and retrained to increase their competencies in constructing durable homes.
“The training is part of the process of dimension and de-risking the real estate value chain and operating environment. We must support government in fighting criminality and our members must comply with extant laws.
“That is why our Code of Conduct is tailored towards ensuring compliance with Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) rules.
“The rating of the real estate sector as a medium high risk area for money laundering and terrorism financing is very dangerous and worrisome.
“The support and collaboration of all well-meaning Nigerians is urgently needed to curb this menace,’’ Chime said.
He said the association was partnering with the Economic and Financial Crimes Commission (EFCC) to stem the element of fraud and terrorism financing and money laundering to weed out fraudsters from the sector.
He said he was optimistic that the programme which was the first of its kind by the association would move the real estate sector to another sphere of integrity.
The Managing Director, Family Homes Funds, Mr Femi Adewole, whose organisation recently commissioned close to 11,300 homes targeted at low income earners said the training was apt and well thought out.
He said it would go a long way to build the capacity and skills of those in the sector and at the same time create awareness to refocus attention to the housing needs of the common citizens even those in the Internally Displaced Persons (IDPs) camps.
Group Head, Analytic, Projects and Special Examination, Central Bank of Nigeria (CBN), Mr Adesemoye Adedeji, said the organisation was making efforts to ensure that monetary policies that would encourage mortgage was put in place.
He added that though inflation had a role to play in the rate of interest being charged by banks, the CBN was doing all that was possible to ensure that loans for housing come to a single digit rate.
The training was the first to be organised by the association and it would be followed by another in Lagos on Nov. 20 and Nov. 22 in Owerri, Imo State.

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Housing/Property

50-Year-Old Man Docked For N8.5m Land Fraud

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A 50-year-old man, Tunde Alabi, has appeared before a Yaba Chief Magistrates’ Court in Lagos over alleged N8.5 million land fraud.
Alabi of no fixed address, is facing a four-count charge of conspiracy, obtaining under false pretences, entry by violence and stealing.
He however, pleaded not guilty to the charge.
The prosecutor, SP Idowu Osungbure, told the court that the defendant committed the offences sometime in 2020, at Ibeju-Lekki area of Lagos.
Osungbure said the complainant, Mr Nnona Ejiofor, bought two plots of land valued at N8.5 million located at Ibeju-Lekki from the defendant who claimed it was a family land.
She said that the defendant issued a receipt of the sale to Ejiofor and he started constructing a building on the land.
The prosecutor stated that the defendant unlawfully entered the land and destroyed building materials worth N5 million belonging to the complainant.
Osungbure said that it was later discovered that the defendant was not the real owner of the land.
The offences contravened sections 411, 314 and 287 of the Criminal Laws of Lagos State, 2015 (revised) and Section 3 of the Properties Protection Law of Lagos State, 2016.
The Tide source reports that Section 314 is punishable by 15 years imprisonment for obtaining under false pretences, while 287 stipulates three years imprisonment for the offence of stealing.
The Tide source further reports that Section 3(4) of the Properties Protection Law of Lagos State, 2016 provides for 10 years imprisonment for the offence of entry by violence.
Chief Magistrate Olatunbosun Adeola admitted the defendant to bail in the sum of N500,000 with two sureties in like sum.
Adeola held that the sureties must submit copies of their National Identification Number (NIN), six months bank statements and Lagos State Residents Registration Agency (LASRRA) card.
She further directed that the sureties must reside within the court’s jurisdiction, be gainfully employed with an affidavit of means and evidence of three years tax payment to the Lagos State Government.
Adeola adjourned the case until Aug. 3 for mention.

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Domestic Servant Docked For Stealing Employer’s Property

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A 26-year-old domestic servant, Sharon Francis, was docked on Thursday at a Kaduna Chief Magistrates’ Court for allegedly stealing her employer’s jewellery and other items valued N700,000.
The defendant, who resides at Ali Akilu area of Kaduna, is facing a two-count charge of conspiracy and theft.
The prosecutor, Insp. Chidi Leo, told the court that the defendant and two others, still at large, committed the offences on May 15 at Malali, Kaduna.
He alleged that the defendant and her accomplices stole clothes, jewellery, three pieces of watches and two television sets, all worth N700,000.
According to Leo, the items belong to Mrs Esther Paul.
He said that the defendant absconded after stealing the items but was later arrested in Niger.
The alleged offences are punishable under Sections 285 and 271 of the Penal Code of Kaduna State, 2017.
The defendant, however, pleaded not guilty.
The Magistrate, Ibrahim Emmanuel, granted him bail in the sum of N200,000 with two sureties in like sum.
Emmanuel also ordered that the sureties should be blood relation of the defendant and have means of livelihood.
He added that the sureties should reside within Kaduna and show evidence of tax payment to the state government.
The magistrate adjourned the case until August 20 for hearing.

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Ground Rents: Asokoro, Maitama Property Owners Highest Debtors, Says FCTA

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The FCT Administration Debt Recovery Committee on Thursday said property owners in Asokoro, Industrial Area II and Maitama Districts are the highest ground rent debtors.
Mr Muhammad Sule, the Chairman, Media and Publicity sub-Committee Director, Information and Communication, disclosed this in a statement, he signed and made available to newsmen in Abuja.
According to him, property owners in Asokoro and Maitama are owing 10.67 per cent, 9.43 per cent and 9.29 per cent out of the total sum owed.
Sule said the committee was already fine-tuning legal documentations to take all property owners who had failed to pay, despite repeated warnings, to court for prosecution, revocation or outright forfeiture.
He also said that committee in the process of doing its work had discovered that many of the debtors were title holders in Asokoro, Industrial Area II and Maitama Districts, considered to be highbrow areas in the nation’s capital city, Abuja.
According to him, property owners in Asokoro District alone constitute 10.67 per cent of the ground rents defaulters.
“While the title holders in Industrial Area II and Maitama Districts comprise 9.43 per cent and 9.29 per cent, respectively.
“As the work of the Coordinating Committee on the Recovery of Outstanding Ground Rents of N29,506,643,943.98 owed the FCT Administration gathers momentum.
“Findings by the administration revealed that property owners in the highbrow areas of Asokoro, Industrial Area II and Maitama Districts are the highest debtors owing 10.67, 9.43 and 9.29 percent out of the total sum owed.
Also, property owners in other districts, such as Central Business Districts, Industrial Area I and Extension, as well as Wuse I and II are owing the Administration the tune of 8.21 per cent, 5.18 per cent, 5.1 per cent, and 4.81 per cent, respectively.”
He explained that title holders in Garki I and II, Katampe and Jabi Districts are in default of 3.4 per cent, 3 per cent, 2.21 per cent, and 2.15 per cent, respectively.
Similarly, he said property owners in other districts like Kukwaba, Gwarinpa I, Gudu, Kado, Karmo, Katampe Extention, Utako, Mabushi, Durumi, Daki-Biyu, Guzape, Jahi, Dutse Wuye, and Institutions and Research are owing various degrees of percentages.
“Thus, the committee is committed to carrying out its assignment as mandated by the FCT Administration whilst all title holders must honour their obligation to clear the debts.
“It is more honourable and responsible for property owners to rush to clear their outstanding debts because it is not going to be business as usual as the government needs these funds to fast-track the infrastructural development of the FCT.
The Tide source reports that the FCT Permanent Secretary, Mr Adesola Olusad, recently inaugurated a debt recovery committee with the mandate to recover N29 billion outstanding debts owed the FCT Administration.
The committee was directed to focus interest on ground rents and other sundry fees in the Land Administration Department as well as other stakeholder’s departments.
Meanwhile, the committee has since dissolved into sub-committees of Publicity, Administration, Legal and Finance, respectively, for effective and diligent execution of its mandate.

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