₦airaland Forum

Hello Nairalanders once again,
You still have the chance to key into this mega project.

Check the Guardiannewspaper , Wednesday, June 2nd page 55. It is a MEMCOS advert regarding the Yello estate.

I am asking for a premium of 600k on the N1.4m that I have already paid for a 2 bedrm (block of flats)

Hurry now

call 080 99 444 099 or write cojese@yahoo.com

Hi Gani1,
Nice to hear from you. How is life.

What was the outcome of your findings on the land.
I am asking this because a prospective buyer returned with a -ve feedback as per the status of the land.

There are so many land owners in the location that have conducted their searches with +ve results (even bringing alausa surveyors). some bought up to an acre space then.

In the past, I have done confirmation through someone in Lagos State New Town Development Agency (NTDA) . Someone who works with NTDA has 2 plts there and even told me he introduced his in-law or so to get a plot there. Granted NTDA might not have the whole Lagos GSI MAP but they did have the one for Abule Oluwa

Prior background checks done on this property all came out clean.

In any case, I am not in a hurry to dispose of the property since I have sorted myself out in my new location.
I will accept N2.2m from you but if we are still not agreeing on a price, I will rather keep the property for the future.


Thanks for your interest but please reply with the result search you conducted and probably how it was done.
If not on this thread, we can talk on the phone

Hi RealKola,

Where and how do u get N45,000 on N500,000 monthly? A real bank or one of those 'investment' houses?

Anybody in the house with this info?
I was told that I need a Post graduate to do an MBA there or any other masters since my first degree is in engineering. This is very strange. can someone confirm?

Any info will be useful

Work is ongoing here.
The premium is negotiable.

MTN MEMCOS will issue another allocation letter in the buyer's name

Still selling

still available

Work is already ongoing.
see the details on the previous post.

be part of the Yello Estate and live in a fine neighbourhood.

wont you buy this property?
It is a very good buy

Hello Nairalanders,
A correction here. I just found the allocation letter where I dumped it and the below are some of the information u might need.

Location: Road 36 Lekki Scheme II,Lekki Peninsula, Eti Osa
Description: 2 Bedroom Flat in a block of 6
Use:Residential
Purchase:7 million
Infrastructure: 2million

I have paid 20% of 7Million=1.4 Million ( I am selling this offer for a 600k premium (total cost to transfer offer is N2.0mil)

Payment schedule (as on the allocation paper)
Equity Payment---July 31 2008-----1.4m
2nd installment ----nov 1st-30th 08 ----1.4m
3nd installment ----march1st-31th 09 ----1.4m
4nd installment ----july 1st-31th 09 ----1.4m
5nd installment ----oct 1st-dec 31th 09 ----1.4m

one-off infrastructure levy --anytime before handover--2m

Total payable---9m.

The above targets were missed  (for good reasons) but work is now ongoing.

call 08099444099/08034315898

still going

@chaircover and felllow Nlders,
this is a general problem.
I saw hell in Abuja trying to resettle. Not until I went back to Hakir ( also knew him via nairaland. Have since become friends).

The whole thing is time wasting and if you think you can steal sometime out of the office (maybe your break time) just to check out a property with one of these ''agents'', you may find yourself in deep trouble with your boss.

This space will not be enough to tell you what I went through is getting a place in Abuja.
On a particular trip, one of the agents took me to prince and princes estate to see a 2 bed/r. After driving to the estate from my office,I waited in the car for up to 30 minutes to get the key from the 'sub agent' who didnt have the time to go with us. She just described the property to this other agent I was dealing with. DO you know we spent another 40 minutes looking for the property in the estate?
Well at last we got there and instead of a beautiful 2bed flat, it turned out to be a self contained with a store converted to a second room. BUUUUUUT the gate was locked and we couldnt get into the compound. we only looked into the compound and asked a neighbour who saw us looking into the compound. whaaaa!!!!!!!
Anoder one took me to Kabusa estate, abeg the story long.make I forget these things.
I got a very nice place via Hakir at Dawaki.

SHine ur eyes everybody

still available

by the way, there is supposed to be a layout diagram attached. I didnt scan that and bear with me fot the horizontal orientation of the doc.I have also given photocopies of the survey plan to interested parties so they know the cordinates on it.

Hi all,
I have received so many calls wrt this property.
I have been repeatedly asked about CofO,Gazzette,excision etc.
I mentioned in my first post that the village has 'excision' and is still awaiting the Gazzette that will follow. You can not proceed with CofO/Consent without gazzette but excision is enough assurance that the land is not under govt acquisition.

(Ask your landlord if they have CofO/consent probably only 50% of then will answer in the affirmative but they will get there).

Anyway, I have attached a scanned copy of the excision paper to aid your search. With it, you can understand exactly the status of the land and also take physical cordinates to confirm that the plot falls within the excised area.

I know this is a rare I have taken but it is just so that I wont have to spend a lot of time on the phone explaining CofO/consent/gazzette and excision.

I worked with MTN before but I bought into the scheme as an outsider.

Yes it can be bought into by outsiders.

I think the payment is quarterly ( I will crosscheck but for sure it should be quarterly or evry 3 months.

Still available

you can still grab this

Just a little more info

Initial cost cos t of the 2 B/R was 7m and one was required to pay 20% downpayment ( I paid (N1.4)
added cost of 2.5m for infrastructure(?)
Total should be 9.5M

Outstanding payment due 9.5-1.4=8.1Million (the balance is not expected to be paid once. There is an installmental payment plan spelt out in the offere letter)

What I am selling is my allocation (N1.4 mi + Premium) Premium is negotiable.

The houses are not already built. Construction starts this quarter, according to information I have.
Clearing,access road and gates are already done.

write cojese at yahoo dot com or call 08099444099/08034315898

Still available
@megastu
hope u were the one i sent the scanned docs to? have u looked at it yet

No wahala ganny1.

If this one doesnt work out this time then we would hope that we can do some other deals in the future.

I wont be happy selling the property for 2M.

Hi my brother.Lets leave it for 2.2m
Its not a matter of Igbo or yoruba.
Its my property and it is not easy for me selling it. I would have kept it till maturity.

Anyway, I have slashed it down to the above amount to show u that I want to sell it and you have been persistent. I am not ungrateful.

I hope your search on the property is complete by now

still going,

this offer is still available

Hi Nairalanders,

Same poster: https://www.nairaland.com/nigeria/topic-367827.0.html

I want to dispose of my allocation in the above estate

House Type: 2 Bedroom house in a block of flats

Price: please call

Location: The MTN staff Corporative (MEMCOS) Yello Estate is located somewhere close to Buena Vista Estate. You can access it via the road by the side of Total Filling station, opposite Okoya Thomas Estate, Lekki Epe expressway (after Chevron roundabout).

Title: Letter of Allocation

Any interested person should call me. I can tell you the total cost of the unit, how much paid so far and outstanding.

The sale will ultimately involve MTN MEMCOS issuing another letter of allocation in the new buyer's name.

write cojese at yahoo dot com or call 08099444099/08034315898

This propertry is still available.
No deal struck yet but up to 4 interested parties.

Waiting for the first to pay for it.

Make that call

Thanks to all those that have shown a strong interest in this property

Thanks to all that have contacted me on this.

The property is still available as you read

Still going.

Call Jimoh on 08029046700 for inspection or you can call me on 08034315898

check your mail

Hi Neighbour,

Abijo is between Crown estate and Greenspring school in Awoyaya.
Its up to 7-10 mins from Abraham Adesanya all along Lekki-Ajah Expressway.

Sincerely, I started that project  with the hope of living there but  developement wasnt following my need. I started another thing somewhere else and now I have been transfered. I cant keep both projects from afar.
That said, you cant beat the potential of the property being squeezed between Eko Akete,Abijo Govt GRA, Zenith  and Skye Bank planned estates. UNILAG school of medicine  (Aparapaja) are just across the road.
Land alone is around 1.5million in the area.

Upon the fact that you  are buying an offically 'excised' land
Note that there are already buildings around the area and the GRA is presently being developed.

I assure you its a good buy. I still think about not selling some times but the need for the money wont go away.

dont miss this property