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PINCOOP Boss Seeks Equal Opportunities For Real Estate Investors
Founder, Paradise Investment Network Cooperative (PINCOOP), Mrs Christy Kanu, yesterday advocated equal opporunities for real estate investors,irrespective of status or income level.
She made the call in Lagos during the inauguration of Paradise Investment Network Cooperative (PINCOOP), a real estate cooperative society.
Kanu, who is also General Managing Director of Paradise International Holdings, said PINCOOP would impact lives as it was set to change the narrative in the real estate sector.
She said the inauguration was borne out of her inability to invest in developed properties at choice areas, years back, as that was almost impossible to afford for a low income earner.
“It’s like a situation whereby the rich gets richer and the poor gets just the crumbs, because I had my money and I went into the real estate market and I found out that I couldn’t invest in some developed property in prime locations.
“I was just left with properties in the outskirts of the city, but i wanted to own a property through which I could generate cash flow, through which I could at least get rental returns yearly,
“But it was not possible because the rates were very high.I wanted developed property that would give good rental income and capital appreciation. It was almost impossible and I thought that wasn’t fair.
“The cost was high because of inflation and rising cost of building materials. So basically, I thought about it and I said no, this market does not offer a level playground for the all networks.” she said.
The GMD added that she wondered how medium and low-income earners would be able to benefit from real estate investment with high prices of properties.
According to her, one needs huge capital to own a property in Nigeria, especially in Lagos and some other major cities.
She said she conceived the idea of the cooperative society and co-ownership of properties to enable the ordinary man i benefit from the real estate sector.
“I want a situation whereby both the rich and the poor benefit equally based on their share in a property without a situation where only the rich get richer and the poor gets the crumbs.
“I just want a situation whereby the market is fair. So we’re just basically disrupting the real estate market place so that everybody will get their own share of interest regardless of your income.” She said.
Mrs Kanu said with a minimum of N50,000 ,low income earners like the market woman , could key into the cooperative, to invest and co-own property in prime locations.
“We are looking at bringing out different real estate products for co-ownership, bringing properties that would bring high yoeld to the co-owner or co-investors as we call them.
“Most property in Nigeria has a 99 years lifeline, so you earn rental income for life. So what we are fostering is to ensure that everybody will be able to partake in this real estate co-ownership platform.” she said.
The real estate boss assured investors that it was not an investment scam as assets could be verified including documents backing the existence of PINCOOP.
Mr Azeez Sadiq and Mrs Olorunkemi Salau, both Community Development Officers at Eti Osa Local Government,presented present PINCOOP with certificate of registration and recognition at the inauguration.
Mr Sadiq said the certificate was to recognise the operation of PINCOOP within Eti-Osa Local Government, and most importantly in Lagos State. (NAN)
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I’m Committed To Community Dev – Ajinwo
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RSG Tasks Rural Dwellers On RAAMP …As Sensitization Team Visits Akulga, Degema, Three Others

Rivers State Head of Service, Dr (Mrs) Inyingi Brown, has called on rural communities in the State to embrace the Rural Access and Agricultural marketing project (RAAMP) with a view to improving their living conditions.
This follows the ongoing sensitization campaign by the State Project Implementation Unit (SPIU) visits to Degema, Abonnema, Afam headquarters of Degema, Akuku Toru and Oyigbo Etche and Omuma local government areas respectively.
Dr Brown who was represented by the Deputy Director, Special Duties in her office, Mrs Dein Akpanah, said RAAMP was initiated by the Federal Government and World Bank to economically empower rural dwellers.s
She said the World Bank understands the plights of rural farmers and traders in the State, and therefore came up with the programme to address them.
According to her, RAAMP will improve the conditions of farmers, traders and fishermen, and therefore, behoves on every rural communities in the State to embrace the programme.
The Head of Service also said the programme would support the youths to be gainfully employed while bridges and roads will be built to link farms and fishing settlements.
Also speaking, the State project coordinator, Mr Joshua Kpakol, said the programme has the potential of creating millionaires among farmers and fishermen in the State.
Kpakol who was represented by Engr. Sam Tombari, said RAAMP would help farmers and fishermen to preserve their produce.
According to him, the project will build cold rooms and Silos for preservation of crops and fishes while access roads will also be created to link farmers and fishermen to the market.
He, however, warned them against any act that will lead to the suspension of the projects by the World Bank.
Kpakol particularly warned against acts such as kidnapping, marching ground, gender based violence and child labour, adding that such acts if they occur may lead to the cancellation of the project by the World Bank.
During the visit to Oyigbo local government area, Mr Joshua Kpakol, said the team was there to let them know how they will benefit from the Raamp.
The coordinator who was personally at Oyigbo said the World Bank introduced the project to check food insecurity in the State.
He said already 19 states in Nigeria are already benefitting from the project and called on them to embrace the project.
Meanwhile, stakeholders in the three local government areas have commended the World Bank for including their areas in the project.
They, however, complained over the incessant attacks by pirates on their waterways.
At Degema, King Agolia of Ke kingdom said land was a major problem in the kingdom.
King Agolia represented by High Chief Alpheus Damiebi said many indigenes of the kingdom are willing to go into farming but are handicapped by lack of land.
Also at Degema, the representative of the Omu Onyam Ekeim of Usokun Degema kingdom, Osoabo Isaac, said Degema has embraced the programme but needed more information on the implementation of the programme.
Similarly, while High Chief Precious Abadi advised that the project should not be narrowed to only crop farming, a community women leader, Mrs Orikinge Eremabo Otto, called for the construction of cold rooms in all fishing settlements in the area.
At Abonnema, Mr Diamond Kio linked the problem of the area to incessant piracy along waterways.
He also expressed fears over the possibility of the project being hijacked by politicians.
Also at Abonnema, a stakeholder, Ikiriko Kelvin, called on the World Bank to design an agricultural project that will suit the riverine environment, while at Oyigbo, HRH Eze Boniface Akawo expressed satisfaction with the project.
John Bibor
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Senate Replaces Natasha As Committee Chairman

The political mudslinging between the Senate leadership and Senator Natasha Akpoti-Uduaghan continued yesterday as the Senate named Senator Aniekan Bassey as the new Chairman of the Committee on Diaspora and Non-Governmental Organisations.
Senate President, Godswill Akpabio, announced the appointment during yesterday’s plenary, confirming Bassey’s replacement of Senator Natasha Akpoti-Uduaghan, who is currently on suspension.
Akpoti-Uduaghan was reassigned to the Diaspora and NGOs Committee in February after she was removed as Chair of the Senate Committee on Local Content during a minor reshuffle.
Bassey is the senator representing Akwa Ibom North-East Senatorial District.
Although no reason was given for her removal yesterday, the change is believed to be connected to her unresolved suspension.
In May, Justice Binta Nyako of the Federal High Court ordered her reinstatement and directed her to tender an apology to the Senate.
However, the Senate has insisted it has not received a certified true copy of the court judgment.
Akpoti-Uduaghan who represents Kogi Central, has yet to resume her legislative duties despite a recent court ruling that voided her suspension.
In a televised interview on Tuesday, Akpoti-Uduaghan said she was awaiting the Certified True Copy of the judgment before officially returning to plenary, citing legal advice and respect for institutional process.
Although the Federal High Court described her suspension as “excessive and unconstitutional”, a legal opinion dated July 5 and attributed to the Senate’s counsel, Paul Daudu (SAN), argued that the ruling lacked any binding directive to enforce her reinstatement.
Akpoti-Uduaghan, one of only three female senators in the current assembly, said the continued delay in allowing her return was not only a denial of her mandate but also a blow to democratic representation.
“By keeping me out of the chambers, the Senate is not just silencing Kogi Central, it’s denying Nigerian women and children representation. We are only three female senators now, down from eight,” she said.