₦airaland Forum

Hello, what is your experience working in lagos?
we have a requirement for deep borehole in lagos and would first like to know if you have serviced the area before being considered.
thanks

i need to plan for a deep borehole in a waterlogged lekki location, any borehole drilling company recommendations?
thanks

Again you have it all mixed up.
Heat transfer and sound transfer are two different things. To even think of sound in terms of conductivity is wrong. you should reference sound as acoustics, sonic, ultrasound waves etc.

Back to the point: a hollow block cannot give you a better sound barrier than a solid block,given both are same size and material.

Tap a hollow block and you can hear back some resonance because of low attenuation. tap a block with the middle section completely filled up solid and you will get less sound feedback (or passed thru) due to high attenuation (i.e. most of the sound absorbed by the solid barrier)

Rubbiish:
But from my understanding of conductivity, i don't think so sir.
A solid will transfer heat, sound etc more than a hollow section, same way monolothic form are better conductors than detached.

It’s the other way round.

The cavity present is exactly the reason why sound will resonate more in a hollow space while the solid block on the other hand will attenuate the sound greatly thereby reducing the amplitude of sound signals that passes through to the other side or bounces back towards the direction of source.

Rubbiish:
Because of the cavity sir, which isn't in solid

how will hollow block create greater sound barrier than solid?

Rubbiish:
Thank you sir!
Apart from the sound barrier because of the hollow, i see no need for using 6inches hollow.
Look too fragile to me, unless one is using 9inches hollow.

You probably had good intentions but now you're just equally guilty by throwing shades along with your refutation. BTW & FYI there are many people running bills over 300k monthly back home, no need to compare so it doesn't sound like you're belittling the hustle.

FastShipping:
Enough of this mocking oga. It is one thing to be throwing shades and it's another thing if what you're doing is fair or accurate. Let me tell you one thing that the person you're throwing shades at is not a poor man who can't necessarily complete his project. Living in the US and building a big house is not an easy endeavor. That person you're throwing shades at pays bills here running between $5000-$7000 per month. How many people back home living in an expansive duplex located in horrible neighborhood with zero amenities can actually afford to pay 300,000 naira a month in bills?

This leads me to ask a question i have been meaning to ask before.... if i were to purchase from secondary market during the week which a primary auction is billed to hold, when is the more strategic time to buy - the days before or after the pry market auction?

TONY56:
That's exactly what will bring the stop rates down.
We shall see the outcome on the next 1hr

awesomeJ:
May just be higher sir. Yesterday's OMO were not bought at all, investors ditched one, and the other was under subscribed, and eventually unsold.

Stock market this morning is witnessed a huge growth in transaction volumes. So let's see what happens.

Can anyone here share their experience operating MMF with AXA Mansard? Thanks

can you both please expatiate on this point you made pls. i'm trying to validate some method i've been told before.
Thanks guys.

Rubbiish:
1st bold Me too
2nd Bold the one i saw was filled before the raft & foundation walls was done.
Guess to construct your walls & foundation is the proper thing to do after excavation & not filling before construction?

EgunMogaji:
I do remember that but I opted not to do it because I had a different plan. I slowly filled the foundation and let it naturally sink/settle for over a year.

Over here it’s normal to do proper groundwork first before foundation and on future build is exactly what I would do. Keyword is proper.

Whats the clearing cost for;
- 2010 Toyota Venza
- 2011 Toyota Venza

Thanks.
They've actually responded to my email this morning, i think after they cleared the inbox. Looks pretty simple and straightforward process so far.

rationalmind:
You can also try Ikoedem.Ekong@axamansard.com

... and a lot more rewarding too in most cases if you're in the right location and know how to operate.
Its down to your perspective (a lot riskier vs a lot more ROI), and of cause your tolerance level.

His made a good call going by his example in Uyo since no much difference in ROI between both investments but I'm sure if it were Lagos the story will be different. In fact he wont be selling, at least not at cost price because the returns from the safe Tbills will never come close to what the "risky" property will bring.

TONY56:
The main question is: "are all things always equal"?
Real Estate business is a lot riskier than Treasury Bills which is 99.99 risk free

no attachment.

KolaShangOne:
Yes it is.

I just think you should have added wire mesh to your foundation since the span is quite much and you're doing a storey building. Would have cost you less than 150,000. It's very good to prevent cracking.

Somnething like this..

Also, your starter columns are too too short. It should have Minimum of 600mm lap length.

Oh i see... Uyo. Ok thanks.

GODAKPAN:
Am fine here, the site is in uyo
I did the drawings in lagos and its a practice the engrs at the office frown at. they prefer you domesticate everything with them. I waited for about 16 months. had a plan of building within 24 months, so when they wasted 16 months, they were taking too much. I have set my retirement so cant afford delays. on profitability: I started tbills when it was above 18%, I needed 50m to finish a 53 rooms self content, at max, I will be making a yearly return of 5.3m but if I invested the 50m in tbills at the 18%, I was looking at 9m without quarrel with site engr, uyo capital city authority, tenants and the property must be maintained while I don't need to maintain my tbills. even at 10% I will be making equivalent of the building rent. tbills also hides the source of your income, making you live a normal low life without criminal elements courting you. unfortunately nobody is willing to buy the properties at even their cost price.

Thanks, but both email accounts cant receive message becasue the mailbox if full. i got the bellow message, will speak to them tommorow.

"The recipient's mailbox is full and can't accept messages now. Please try resending your message later, or contact the recipient directly.
The following organization rejected your message: AXA-EX1.axamansard.com."

rationalmind:
Send a mail to Folashade.Odunlami@axamansard.com and cc: ccare@axamansard.com....

You can also visit https://www.axamansard.com/myaxa/products-list.aspx?tag=investment

interesting that you would give up your real estate project for TBill. i still think the returns don't compare, all things being equal.

if you don't mind, i would like to discuss this your building approval experience with you a little. assuming it's in Lagos, which LGA did this happen? how long did it take before you gave up? how much extra were they demanding?
Also i may be interested in discussing your planned sale. we can take all these offline if you prefer.

GODAKPAN:
started last year after waiting for over a year for building authority to approve my next building but as usual they insisted on bribes, during the period I learnt about tbills and diverted every thing to tbills, today am planning to sell the site and invest in tbills. last week the lady called and I informed her that am not interested and am selling site , I have decided to build in my village. she was shocked.

How do you go about setting up MMF with Mansard?

rationalmind:
Then Mansard it is.... Thanks

I think s/he can rollover maturing primary market TBill at prevailing rate. It is clearly indicated as one of the options on the TCB form. How the rollover rates are computed is what i don't know, but i guess they will use the latest bid rate if the bank is successful.

Fynebouy:
Thanks so much for this info. So how do I roll over or do I just let the funds sit in my account for almost 2 weeks before I get involved again. Please what options are available for me?

NL1960:
You cannot rollover because TBs are from FG and not from banks. The banks are just facilitators between you and FG. The CBN represents the FG while the banks represent you. You cannot go straight to the FG. That is why you go through the banks that go through the CBN to FG.

As to the options available to you, you either wait for the next primary auction bid in 2 weeks time or you buy from secondary market or you place the funds on a call deposit for the 2 weeks.

Hmmm...

Is the N59,835.17 then not supposed to replace the N39,890.11 as the amount to be refunded/deducted from the original 120k upfront payment, leaving him with N60,164.83 balance as the net interest earned?

Does summing both up not amount to double penalty?

Just wondering.

TONY56:
Assuming there's no penal charges like that of Union Bank, the answer to your question is that you are very likely to lose substantial part of the upfront interest paid to you.

Assuming you bought N1,000,000 TB on 1st Jan at 12% for 364days, your upfront interest before the usual deductions is N120,000.

Also, assuming you terminate on 30th August, the actual interest you will be entitled to for the 243days= 243/364 × N120,000 = N80,109.89.

That means you are to refund N39,890.11 as excess interest received.

Now, the 1m is now to be sold at 18% for the remaining 121days>> the upfront interest payable to the new buyer is 121/364 × N1,000,000 x 18/100 = N59,835.17. That amount (N59,835.17) will equally be charged on you i.e your total refund or deduction from your 1m is now N99,725.28[i][/i] since you have been paid N120,000 upfront. This is the amount you would lose excluding other normal charges which are very unlikely to be up to the N20,274.72 left out of the N120,000 you received as upfront interest.

So, in a nut shell, you will be losing almost but not all the upfront interest you collected without affecting your principal (assuming there is no penal charge of 25% as it's charged by Union Bank). Otherwise, the penal charge will eat into your Principal amount

This is interesting.

Sorry about your experience and loss, unfortunately it comes with the terrain. Thank goodness you were even following up closely after handing your car over to them. Imagine if you've gone to sleep for 2wks waiting for your first payment after using your week 1 revenue to pay the outstanding, then it could have been worse.
However, perhaps you should have (1)been part of the driver selection process (2) held on to your car until a driver is assigned to you.

And to the protagonists...I am not surprised at all.

If you understand how the e-hailing (from uber/taxify/other models) and fleet management in general works, lay that side by side with the operations these ALMIGHTY guys are running then you know something is amiss.

Also look critically into their trial on this thread only and read between the lines, you will see the pointers. Wonder how many more people are out there suffering in silence, expect to hear more "stories that touch".

With insurance available and an understanding car owner/investing partner & complainant that are willing to settle the case, there must be a reason that dude still refuses to show up at the police station multiple times.
If you don't have any criminal record and/or something to hide then you will normally not have a problem showing up at the station under the circumstances involved.

So what genuine options are investors left with?

prodigyx1:
My anger right now can't be fully understood.

This guy called Ogunvic (Ogunleye Kayode) is the most foolishly proud, arrogant and irresponsible person I have ever met.

I'LL TRY TO EXPLAIN IN DETAILS


Towards the end of last year December I was fortunate to meet the Mech Specialist Mr Gazzuzz who sold me a faultless Tokunbo Toyota Corolla. After negotiations and all documents handed over I decided to meet Ogunvic and try out his over exaggerated Fleet Management.

We scheduled a couple of meetings and a few calls and in all he was very boastful about the system he runs and kept guaranteeing its 'foolproof'. Here's a summary of his terms and conditions:

Partner to handle all maintenance and mechanical faults.
Repairs to be handled by the insurance company will be treated "DULY".
FleetXpert agrees to "Notify" partner of any mechanical problems with the vehicle.
Partner provides "N30, 000 worth of Fuel + Total Card"
Partner to provide driver with
A Brand New Phone
Spectranet 4G Modem
Car Charger

In the event of unfortunate events Fleetexpert pays Partner 60% of whatever driver makes after fuel cost deduction "before the unfortunate event".

After he then added an eye sore that Partner to pay N20,000 Driver Registration Fee which was not included in the contract. I specifically told him that's not possible cuz I see no reason for such from the partner.

As at the time I had no cash on me for all he listed and I asked him to handle the 15k Spectranet, 30k fuel, 1k total card and getting fire extinguisher, car wash and floor carpets and car charger (estimated around 10k) totaling approximately 56k. I told him to deduct 20k off the weekly agreed till its fully paid off and he reluctantly agreed. I went ahead and got his specified phone.

Being concerned about my car and its usage plus stories I read here on Nairaland about car theft and vandalism since most drivers don't have gated parking space. I asked him to search for a driver living around the mainland (preferably any in and around Surulere, Akoka, Anthony, Maryland, Isolo) and for security I asked the car be parked in my office complex which was by the bus stop expressway so it's easy for the driver to come out and pick up. With this I can also keep an eye on the conditions of my car. This offer was obviously turned down. He gave his reasons so I agreed.

I further asked if whenever I needed to use the car for work delivery or outing the driver could assist with discounted payment for service rendered and he agreed.

All doubts crosschecked I made up my mind to entrust him with the car regardless. On Friday 5th of January I handed over the car. He agreed to get a driver and do all necessary arrangements for the car to begin work as soon as possible.

Next day I checked my tracker and saw series of movements between Magboro in ogun state, lekki, ilupeju and ikeja. I called him to ask if he got a driver and didn't let me know but he wasn't picking so I asked Mr reliable Gazzuzz and he explained to me that he lives in magboro, works around ilupeju and has an office in lekki. So I relaxed even with sadness about the car gaining so much miles and no money to show. Kayode later called and with a tone said he wasn't going to continue with me. I called back apologized and explained my concern and we resolved the matter. He said he'll try to get a driver soon.

On Monday 8th he informed me he got a driver (Emmanuel Offikwu) staying at Agege and he's concluding discussions. So with hope work will start. According to the driver he started work on Thursday even though tracker shows lekki movements Wednesday and overnight. I found out later from Driver that the day he collected the car he took it to a mechanic to fix the silencer cuz it was damaged by Ogunvic and he kept it from me (remember the agreement signed). Now I kept silent.

By Tuesday 16th I called Ogunvic Kayode and asked for an update on my pay. He said driver made around 57k and he would make calculations and give me a breakdown. I said ok and waited. 2 days later nothing sent. I called and he said busy and I should remember I owed him. I still said no problem let me just know the breakdown so I know whats left or not. But by weekend kayode still didn't send anything.

Now according to kayode, driver remits monday evenings, he makes calculations and sends money to partners on Tuesdays. So by Tuesday I was hopeful I'll get a call this time.

In the evening around 6pm, I got a call from the driver and the news was he had an accident. While reversing he bashed into another car at lekki. Matters escalated and the car was in the police station. I asked since when he said on Sunday 21st. I asked if kayode was informed he said yes, on Monday. He said he was trying to handle the matter quietly but since it'll involve the insurance company to fix he decided to call me. He also told me he made 80k+ and gave Kayode 60,000 and he bought 7k full tank and 4k extra in keg. After his call I called Kayode and without blaming him for not telling me as per the contract I asked what he was doing to resolve it. He said he would call the other car owner and negotiate for car to leave station for repairs. I said ok no problem. I immediately called the insurance company (Axa Mansard) and with no hesitation the very nice lady (Taiwo who I also got from Mr Reliable Gazzuzz) said no problems, I should provide pictures of both cars, police report and repair estimates and that in a few days it'll be done. I smiled and thanked God for insurance.

Next morning Wednesday around 10am I called Kayode to ask how far, he said he had stuffs to do and will find time later in the afternoon to see the third party and apologize and issue a post dated check and avoid the police. This is a matter already at the Police Station.

He said he just got to know on Tuesday and I told him I didn't care and all I wanted was the car out ASAP. (All this while I was speaking calmly and he's the type that when he's speaking he wants you to take his opinion but when you speak he'll keep interrupting and press his opinion whenever there's a problem.)

He said I was blaming him and he got angry and told me if I don't want to "LISTEN" to him I should go and get the car out myself. I ended the call.

For a car that's been at the police station going to 4 days Kayode still has stuffs to do and my car was not important enough.

I called the driver and asked for the third party number. I called and he said we could meet at the station since he was close and that the police were even asking for the car owner to confirm insurance. I left my office immediately, went home to get all original papers and insurance certificate, I called the driver and asked him to join us so we resolved everything. I took an UBER and after 30mins on trip I called the driver only for him to tell me Kayode asked him not to come. I tried everything to explain to him the importance of him being there to witness any discussion but still he was adamant about coming.

Now my fire was burning very bad.


I got to the Lekki station where the car was and the police woman in charge told me the other guy had waited almost 2 hrs but left minutes before I arrived. The police further asked for the driver and I said he was on his way that we should start processing any thing.

She clearly refused and said all parties involved must be present to confirm who is who. So I was stuck. I tried to call the driver and after very many tries he didn't pick. The police also called and he didn't pick up. I called the third party and he said once the driver comes I should let him know and he'll return.

At this point I had to narrate this story to the police lady who asked for Kayode's number and called him. In my presence she asked kayode to come over so everything can be resolved amicably. Kayode bluntly refused and said whenever he has chance he'll come. According to the police lady she said Kayode was arrogant and rude and I noticed her say kayode should chill since she was the one calling with her own credit he had no right to shout at her or refuse her talking. Kayode kept saying if he's to come it'll be later in the evening that he was busy. The lady was shocked and said is he expecting the 2 car owners to wait all day till evening when he has chance.

She referred me to the case section and the DCO asked an officer to follow us to the Kayode's office there in Lekki. We got there in pretence as clients for the secretary and as expected Kayode wasn't there. I was told by the police to file a different case against him at the ilupeju station close to Kayode's usually location for defrauding. So I left.

On my way I called Mr Reliable Gazzuzz and narrated my situation he asked me to calm down and give him chance to speak to kayode.

Few minutes later Kayode called me and stupidly said the reason he asked the driver to wait was because driver didn't have transport fare and he was to send him money but was busy. That he'll send soon. I said no problem so I faced home. By the time I got home around 5pm the driver called and was apologizing that he didn't have cash and also went to the hospital for treatment and that's why he didn't pick. I said no problem, call the other party and schedule a meeting time and inform me so we all settle the matter.

Next day Thursday I called the driver and he said the other guy agreed to Friday.

Friday morning around 9am I called the driver and he said he was on his way to the station and the other guy said to meet by 11am. I quickly got dressed and called Kayode and he said the driver told him the night before and he'll be leaving home soon that he'll pick me up at my office so we can go together. I told him driver was on his way there so I'll wait. By 10:30, kayode said he's almost at my place. I called the driver and to my surprise he said Kayode asked him to wait at his ilupeju location so we could all go together.

11am I called Kayode and he said he's close. Called driver and he said no sign of kayode. I called the other guy and acted like I didn't know there was a fixed time. He said he was at the station and waiting for the driver who he agreed to meet. So to buy time I said I was coming and he should please wait.

11:30am no sign of kayode so I called an UBER and left. I called the driver and told him to inform kayode I will go ahead amd they should meet me there. Getting close to the station I called Kayode and he said he had to handle certain things but will be leaving soon. When I got to the station I met the Gentleman waiting in the heat. He obviously wasn't happy and asked for the driver. I said they were coming. After a few minutes I called Kayode and he said they were coming, further said he didn't want anything to do with police and I said not a problem. We can speak with the guy outside and the driver and I can go in resolve the issue and be gone. For him coming is just to assist the driver incase he needs to pay money to the police or make negotiations or stand as his guarantor.

After 1 hour no sign of kayode nor the driver and the other guy vexing and me consoling. Driver stopped picking his calls.

I decided to plead with the police and ask if anything else can be done, I wrote a statement and she sent to the DPO. The DPO gave the condition that I first fix the other guys car and mine remains till its done.

Till now, kayode hasn't called, driver hasn't called.

This is someone who claims to run a Fleet Management Company. No regard for Partner, No remorse whatsoever.

My car still seats at the Police Station pending the quote from the other guy who says his car was bought brand new and as it's still under warranty can't give it to any mechanic except the car manufacturer. Who he says will get repair quote out by Monday.

That's the current situation and he's here still advertising for more cars to collect and damage while ripping off partners and favoring drivers.

Note I have call records on the Wednesday and yesterday Friday between kayode and I. I have tried attaching but doesn't seem to load.

Hello gents,

What's the cost to clear LEXUS ES350 2007, '08, and '09?

Thanks

Rates definitely look better than TBills at the moment. how do we invest in FGN bonds?

yinka2011:
RESULTS FROM TODAYS FGN BONDS PRIMARY MARKET AUCTION from easykobo website.

LINK IS HERE https://www.easykobo.com/News.aspx?id=19907

Guys can anyone recommend any Toyota mech/tech to me on the island.

Not the Rasaki roadside guys and not the cut throat Germain / Elizades, i am looking for a competent hand somewhere in between.
Just an average but standard workshop. vehicle is toyota camry, no major issues but just need to get it checked out.

Thanks

I messaged you as well. got some loose funds from a recently matured TBill that i could divest to NSE. will appreciate some guidance. i don't expect to be spoon-fed and fully understand how risks matrix vs rewards, i will also be doing some of my own info digging in the background.

Investnow2017:
NSE. Its going to rock in early 2018. The signals are looking good. Do your due diligence.

Kemade2007:
Pls Oga investnow2017, I need your advice on how to trade on stock. I have been following the stock market forum on nairaland but I couldn't understand how its been trade. I ve sent a pm to u. Though I don't have much to start bt just to know the entering and exit

Hello,
Are these pictures directly from items displayed in your showroom or they are just renderings?

Ralphdan:
Hapi new year people

Wao!
In that case, that's some great utilization of land.
Cheers.

skimanski:
No I mean 4 units of 2 bedroom flats. 2 units on ground floor and 2 units on upper floor. With the duplex in front.

Hello,
Is that 4 Units or you mean to say 2 units(1 each above & below) of 2 bedroom flats attached behind the duplex?
Pls clarify and confirm.

Thanks

skimanski:
Proposed 4 Bedroom Duplex with Attached 4 Units of 2Bedroom Flat.
Building Area 354 Sq.m
Land Size, 743 Sq.m

GROUND FLOOR
Guest w/c
Main Living Room
Dinning
Kitchen
Store
Guest Bedroom

Attached Behind
Living Room
Dinning
Kitchen
Guest W.C
2 Bedrooms Ensuite

FIRST FLOOR
Family Lounge
Boy's Room
Girl's Room
Master's Bedroom
All rooms En suite

Attached Behind
Living Room
Dinning
Kitchen
Guest W.C
2 Bedrooms Ensuite

I just wonder why we often have significant cost variation when different agents quote for the same service here.
It is normal to have some difference but not expected to be as much as we see sometimes.

I want to believe that most of the cost component (duties,govt levies etc) should be standard rates fixed by the govt, and just the agent's service fee should vary depending on profit margin. Perhaps I may be wrong.

This is just an observation that I believe will help instill confidence in the quotes shared here...from a customer perspective.

Happy New Year guys, keep it up!

Hello, if you don’t mind can you please share Biodun’s contact details for consideration. Thanks

mufutau55:
I am glad to hear that about Biodun made windows. I am glad we can help each others out when needed. Thank you Sir.

Hajji M.

1/ I know for certain that as par car parking you are required to show provision of minimum 2 cars per apartment. So for this 10units, your plan should indicate minimum of 20 car park slots.
For this size of land (if it’s 1 plot as mentioned) and number of units,the common practice is to leave the whole ground floor for parking.

2/ As per evelator requirement, I’m not quite sure what the cut-off point is but I think anything above 5 floors ( GF inclusive)

3/ other requirements are minimum 6m set back in front, 3m set back in rear, 1.5m or so to the sides etc.

There are lot more but these are some of the key min requirements for approval as applicable to this kind of development, whether you now follow those on site is a different thing entirely.

Fhemmmy:
Thanks for your great comment . . . . .Can you tell us what will fly in Lagos, just for us all to learn and widen our scope of knowledge sir

spyder880:
Thank you. I want to learn how it is in Lagos, planning a similar project in Lagos soon.

Perhaps the planning permit approval agency in Onitsha is not as strict as Lagos.
As can be seen in the neighborhood, high rise seem to be the norm w/out provision for adequate parking and elevator.
Not sure this will fly in Lagos for such 5-6 story buildings with 8-10 or more dwelling units.

At the end of the day,if the plan is approved then the builder goes ahead to execute.
This seems like a big project, the speed and accuracy is commendable. cheers!

spyder880:
Yes Sir.

Fhemmmy:
That is just one standard plot of land na . . . .

spyder880:
All the houses on this neighbourhood are all 5 - 6 floors high and none of them uses a lift. But I think lifts are the next big boom in these areas if there will be steady power. People are ready to raise higher buildings if only there will be lifts commonly used in Nigeria.

hello, how much to clear RoRo;

1/ 2006 Ford F150
2/ 2009 Acura MDX
3/ 2010 Acura MDX
4/ 2010 Mercedes Benz S550

thanks