₦airaland Forum

That's the guy!

You can not eat your cake and have it. Saraki tick! tock! tick! tock! .........Gbam*@#*@# It's all over one way or the other.

Impeachment may be a tall order that may not be achieved, however focus should be on securing one APC house to produce the next Senate President after Saraki leaves the Senate for prison

Corrupt Judges promoting corruption and disrupting the anti-corruption war must be shown the way out.

This post is too long .

Well to the issues raised, if there is enough basis to suspect corruption anywhere in the public sphere, no argument of witch hunt can douse the necessity to bring the indicted part(y)ies to trial and justice. So in this case Saraki has pleaded not guilty to the charges, and he better be not guilty, or maximum punishment awaits him.

Secondly, the OPs position that the possibility of trial of public officials long after they have left service may prevent well meaning people from wanting to serve is baseless. You will only be afraid if you intend to do wrong or be corrupt ab-initio.

Finally, why would we be funding the defence of an alledged criminal, where is it done anywhere in the world. If truly such an official is so poor, then the legal aid council is at their disposal.

The excesses of these Fulani cattle rearers/ rustlers is getting unbearable. One they are robbing on the high way, the next they are attacking a community, after that they are destroying farm crops, then they are kidnapping elder statesmen. When is the police and DSS going to put an end to this? Where do they get their AK47s? When will government restrict their movement to defined grazing reserves. Something better be done very fast or ............

This is a good development. Governance with responsibility and sound judgment.

carzola:
Is the VP of any relevance to the governace of this country?
NO!!!!!!! SW you guys need to shut dafuck up....

The vice President as the chairman of the national economic council, the Bureau of Public Enterprise (BPE), the National Emergency Management Agency (NEMA) amongst other functions is not relevant? What crass display of ignorance. Well keep at it, it takes nothing away from the personality and powers of the vice President.

Encouraging but its high time we started producing our own weapons. DICON should not be synonymous to salt but to military hardware.

Unfortunately, this comment is coming very late, but anyway what do you objectively expect from a responsible administration? Is it to continue in the irresponsible way of the past PDP administrations of overlooking the excesses and corruption of previous administrations because they plan to tow the same line, or to lose himself in the past by embarking on a probe of all past administrations from Tafawa Balewa because their successors (with the exclusion of PMB during his 1st stint in the Presidency) failed to probe their predecessor? Well thank God PMB is wiser than that, and with new insider insight into the excesses of the last administration, also in line with his promise to bring to book anyone found to have helped himself to our public funds, he is embarking on this probe. Wait till the revelations come out before passing your judgement. Abi are you involved in anyway with the looting of our treasury?

Nigerians and rumour mongering, what kind of useless media house would not ascertain their information before going to the press. Credible information has it that he was on self imposed hunger strike, fainted, hospitalised, recovered, and has since been returned back to custody until he cooperates with ongoing interrogation.

In politics, the best victory is a win-win situation. Dogara already has his way with the speakership against the desire of his party and majority of the legislators from his party. Let him savour his victory and allow the others have their way concerning the remaining offices before things begin to fall apart under him. Ditto for Saraki. A word is enough for the wise.

I have known that there must have been some sinister motives when the former NSA was fighting with the former minister of defence over who should control and disburse funds meant for purchase of military hard ware. Please PMB order a full probe and prosecution. Enough of stealing and impunity by PDP since 1999.

atlwireles:
You remember the Constitution now? Ask your ediot Ameachi if the Constitution mattered during his 3 years of terror. Wike will lecture fake democrats like you and your gang, about the processes of a democratic state.

Let's get one thing straight here I am not a politician or a political lackey, and I am not concerned which party wins and governs as long as there is good governance, and rule of law is observed. You and those who like your comment appear to be either partisan or ignorant of the process of Democratic development or both. If Ameachi's government ruled with impunity, must impunity continue in Rivers or elsewhere because your preferred candidate is in power? Legislators have been defecting and retaining their seats since 1999, but no one will try it again and go Scott free just because PDP challenged and almost got the last set of defectors to lose their seats in the last national assembly. Now since you appear to have PDP sentiments, was it right for them to take the defectors to court or not, considering that PDP had received the bulk of defectors in the past? Because some people defected without tangible reason and went unchallenged, does it mean our democracy must proceed in that wrong direction? Go and think about that.

kipesco:
And the APC in Adams Oshomole Edo state suspended elected council chairmen what did APC do, did they go to court.
Man its illegal that conduct of chairmanship election in Rivers State.

Ordinarily I would not want to join issues with you because you sound partisan. I am neither APC nor PDP, but an informed Nigerian who yearns for true Democratic development. Because one party has done something wrong and was not challenged/ brought to order does not mean that impunity must continue. For instance, since 2009 legislators have cross carpeted with the mandate they hold on behalf of their parties and constituencies in contravention of the constitution mostly in favour of PDP,and non of the parties challenged this legally until it was done against PDP, who pursued the case at the courts, but for the short time left, they would have gotten the defecting legislators to vacate their seats in the 7th national assembly. This happened despite PDP benefitting from defections in the past. Since you seem to be against doing the right thing because someone got away with wrong doing, so was it right or wrong for PDP to go to the courts. Think over that, and even over what your expectations are concerning Nigerian Democratic development if you have any.

If this is true, I think the first opportunity under this new political era to legally test the rights of governors to hire and fire LGA chairmen at their whim has just presented itself. If the election of these council officials is actually in accordance to the law, then APC should do the needful by challenging the governor's action in court.

Bola Tinubu's politics of greed that characterises Lagos politics has apparently failed at the national level, if he does not check himself on time he would be heading for political irrelevance.

God bless Nigeria!
Down with godfatherism!!
Hurray for democracy!!!

It is time to do a proper reorientation of the Nigerian armed forces and the police. They still behave like a Colonial occupation force that must utilise oppression and rights abuses to tame citizens. This surely is a major defect in their training that must be revisited, if not we would continue to have accidents like the boko haram crisis that is a result of police mishandling of a ragtag religious sect excesses.

God help us.

This is absolute nonsense. It was done to allow some religiously perverted citizens to continue abusing and destroying children the age of their grand children in the name of marriage. God deliver us from these self serving cabals, and the weak civil society we have in this country.

35

Mogidi:
How come this guru of economics refused to share his expertise with APC governors?
Some haven't paid salaries for 7 months.

When you decide to be eternally partisan and antagonistic, you will find it difficult to draw out logic and properly respond to arguments. If you have any knowledge of the Nigerian constitution, you will know that monetary policy such as is advocated in the write up by Asiwaju can only be handled by the Federal government. Now that APC is in power, I hope they would explore this as a policy.

Long live Nigeria as we march on to positive change!

QuotaSystem:
So what would constitute a non-witchhunt would be to ignore the rot in the petroleum ministry and rely on the lame PWC report? You can play victim from here to Pluto, nothing will save you corrupt lot from prosecution under competent courts.

I have followed Aribisala's arguments on several issues concerning the outgoing govt, and I am wondering why he criticises GMB at all opportunities he finds, but turns a blind eye on the excesses and impunity of GEJ's PDP led administration. Is he paid to defend PDP & GEJ? or is he just naturally tolerant of corruption and. impunity in governance. I am waiting to see what this controversial pastor's reaction will be, when action commences to check all these rot.

Dharniel:
typographical error, but notwithstanding sai_buhari
#change

Can't u Apple actually recognise a badly manipulated poster, interposing Osinbajo's picture on a roughly folded poster. una no try, try anoda 1. Sai Buhari, Sai Nigeria!

A fully fenced 4 bedroom bungalow on a 1,200 sqm ground with a 2bedroom boys quarters and a 2 compartment fish pond for sale at Ajangboju Street, Bashorun Estate, Ibadan.

Title: C of O

Asking Price: N20Million only

Interested buyers should contact Lhanre on 08023533384.

A Fenced 1500 sqm residential plot for sale at Kurudu Army housing Scheme

Title: Offer Letter

Price: N2Million (Asking)

Interested buyers should contact Lhanre on 08023533384.

I'm interested is it still available? send pix to capricornx2k2@yahoo.com

A newly registered Honda 2008 with 1 month Nigerian Use for sale.

Present Location: Ekpoma, Edo State. (Will be moved to any location if there is a serious buyer)

Asking Price: N3,500,000 only.

ABUJA:

(i) 2 fully detached 5 bedroom duplex at Lake Chad cresent, Maitama.

Asking Price: N200M/duplex.

(ii) A semi completed fully detached 3 bedroom bungalow (construction beyond lintel level)

Location:- Lokogoma district Abuja.

Asking Price:- N20,000,000.

LAGOS:

(i) A fenced 3 bedroom bungalow, within a fully developed residential private estate, with borehole and overhead
tank for sale.


Location:- Igando

Asking Price:- N12,000,000.

IBADAN:

(i) A 3 bedroom fully detached bungalow, with a 2 room B/Q, and a concrete fish pond of 18 X 18 ft, on a 1,200 sqm
ground.


Location:- Bashorun Estate, Ibadan.

Title:- Oyo State Certificate of Occupancy.

Asking Price:- N20,000,000.



ABEOKUTA:

(i) Acres of land in Abeokuta (Access road expansion currently on going by the Ogun state)
government)

Location: UNAB axis

Current Price: N150k/Acre + 10% agency fee.

(ii) Plots of Land in a federal low cost Housing estate.

Location: Owode-Egba off Abeokuta-Sagamu road. (10mins drive from Abeokuta and Sagamu, and 35mins drive from
Ojodu-Berger)


For more information, contact Lhanre on 08023533384, lanre.sobola@yahoo.com

Introduction

It is expedient that any responsible person who has a source of income through which he sustains himself; should equally have a plan for the future when he may no longer be able to work and earn income the way he does now. This can be done by regularly setting apart a certain percentage of one’s income for investment purpose.

Investing a part of earned income is not a new idea in Nigeria. In fact, within the last decade; Nigerians have developed a strong and growing culture of savings and investment especially in stocks. This culture was boosted by the banking reforms that took place earlier in the decade and its resultant influence on the stock market which led to the recording of an unprecedented skyrocketing of the prices of stocks. Unfortunately, this period was followed by another global recession which saw the prices of stocks crashing drastically.

The stock market is a good place to invest for anyone who plans to invest towards the future. This is so because despite the periodic rising and falling, values of stocks eventually rise in the long run. However when there is a crash in the market; those who invested in the market at a period when it was at the mid to peak of the previous rise, may have to wait for a long time to see their stocks rise to the value it was when it was bought and eventually rise above that level. This may be undesirable and discouraging. The above factor has led to a skepticism amongst would be investors as well as already existing investors who are afraid to lose their hard earned incomes on unpredictable stocks.
Real estate is a more secure alternative for investors as it has an advantage over stocks in that unlike stocks which are artificially created, real estate is a natural resource which is in limited supply, hence its value continues to rise as its supply becomes more limited due to development.

What Is Real Estate?

The term real estate simply refers to Landed properties which include both undeveloped land and partially or fully developed lands. Real estate could cover agricultural land, residential lands, recreational parks as well as industrial areas. It can also be used to refer to the manmade structures erected on these lands.

Why Invest In Real Estates?

Real estate is a viable and probably better option of investment because unlike stocks it does not depreciate in value; rather it appreciates gradually or rapidly and continuously over the years.
Using the Abuja real estate sector as a point of reference; in the last five (5) years, the value of real estate across the territory has appreciated by an average of 300% therefore a property that went for N5 million five years ago, will now go for approximately N20 million. As mentioned earlier, the prices of real estate does not depreciate rather it appreciates continuously, therefore in comparism with the stock market; real estate is a better investment option.

What It Takes To Invest In Real Estate

Real estate investment is in various categories, an investor may choose to invest in fully developed properties, semi-developed properties or un-developed properties. To invest successfully in real estate, one should be well informed about the availability of land or properties for sale, the title on the land/property, and the proposed development plan for the particular area where such land or property is situated. With this information at hand; the next thing to consider is the source of funds to invest in the properties.
At present in Abuja, estate developers fund their operations with any of the following arrangements; which includes sole finance by the estate developers especially for estates built for the sole purpose of tenement. Another finance option is a joint arrangement between the estate developer and a finance institution where the estate developer uses his money to secure the choice land(s) and secure a financial facility to cover part of the funds for developing the property from either bank(s) or mortgage institution(s). This arrangement is suitable for an estate intended to be built and sold out. A third finance option is to utilise a tripartite finance arrangement where the estate developer uses his money to acquire land in promising and choice areas, then secures finance facilities from bank(s) or mortgage institution(s) that would be used to finance part of the project, while the third part of the arrangement would come from part payment for the semi-developed houses by prospective buyers.

Real Estate Investment Options

As mentioned in the above section, real estate investment is in various categories, which are:
Investing in fully developed properties,
Investing in partially developed properties, and
Investing in un-developed properties.

• Investing In Fully Developed Properties
Investors who are interested in investing in properties in fully built up areas would likely adopt this method. This is so because it will be easier to buy an already built property and modify it to taste; than to get a virgin land in the midst of a built up area and building from scratch. This kind of investment has its advantages and disadvantages, therefore investors should weigh the pros and cons before venturing into it. In brief the advantages of this option are that it saves time, and one already knows the kind of facilities available in the neighborhood. However, one may not be able to fully determine the quality of materials used in developing the property, and it would be more expensive than buying land and building from scratch.

• Investing in Partially Developed Properties
Investing in partially developed properties is another option open to real estate investors. This involves buying buildings in various stages of development (carcasses) and completing them to desired taste. This option is a faster way of developing property especially in built up areas and still be sure of the quality of materials used to a large extent. It has the advantage of being faster than building from scratch, knowing and determining the quality of materials to a large extent as well as knowing the general outlook of the neighborhood beforehand. However, it could be more expensive than building from scratch, and the quality of materials cannot be fully determined as is the case when building from scratch.

• Investing in Un-Developed Properties
This type of investment involves sourcing for virgin plots of land, designing and developing the property to the desired quality and design. While it takes a longer time to achieve, it is cheaper and more cost effective than the previously highlighted options. Undeveloped properties can be utilised in different ways; value can be added to it by developing the necessary infrastructures such as road net work, power supply, drainage system etc. and partitioning it in to serviced plots to be sold to individuals. It could also be developed into tenement blocks of flats and apartments, or even into commercial blocks for lease or sale.

Benefits of Real Estate Investment:

•It is as a better alternative to stocks as investment in the sector appreciates faster than most stocks can ever appreciate (at least a 25% appreciation in value every year).

•Real estate is a more secure investment option because unlike stocks it does not depreciate in value; rather it appreciates gradually or rapidly and continuously over the years.

•It offers the option of making considerable income from leases or rentals while allowing the property to increase in value for possible future sales.

•A well utilised and managed property would generate the principal invested on it as lease or rentals within 7 years, while the value of the property would have increased geometrically.

•It can be used as collateral for raising funds for other investments in real estate or any other sector.

If this write up has gingered an interest in real estate investment in you, you can contact LS Properties® concerning project consultancy, development, and management.

Lanre Sobola
08023533384
lanre.sobola@yahoo.com, lsconsultingnigeria@yahoo.com
(Property Consultant/CEO LS Properties

Hello, ur mini flat @ surulere, does it have water, how many toilets etc. Interested.