toba1909:

Moves,

Sure the antecedent is there!
I think Dapo has being able prove his worth to some extent,
which i think didn't go down well with a lot of members here.
Like Dapo has said in some of his replies,
no one is a saint.
If Dapo being an ex-governor son is not worth an identity,
what is an identity then?
Dapo never use his father's achievement while in office,
to campaign here.
We shouldn't throw the baby out with the water.

WISHING YOU ALL MERRY XMAS & A PROSPEROUS NEW YEAR AHEAD
MAKE A RESOLUTION!!!

@ Toba1909, the question was directly meant for Dapo, but u took upon urself to answer which is within ur right, but u failed to answer the question poised, I had asked him to speak about himself, as we can argue the actions or inactions of his dad, also willing to discount the numerous allegations as per his behavior when his dad was the gov.
We are simply asking since he graduated in 2006 - till now(2yrs), what has he done (works, experience, trainings etc) that he feels qualifys or makes him the best suited person to contest for the seat of federal house of Rep,
Also as nigerians are fast to jump on fads, he has since gotten on the Obama' bandwagon, I sincerely doubt if he has taken time to read the autobiography of his newly chosen role model to draw a correlation between them, we tend to want the success of others but dont want to put in the the hardwork or suffering they had to done to achieve their success,

Based on my own observation we need our own Obama who should meet the following profile,

1. A man born of a mixture of IGBO and Hausa parents--As Nigerians tend to vote across ethic and religious lines; this will put him in good stead, becos these 2 tribes account for the highest level of mistrust and tribal intolerance.
2.A man with Ribadu passion and Akunyili zeal and tact to deal with corruption,

My believe is with the above we can have our own Obama; as the present generation of nigerians are not liberated enough from the clutches or religious and ethnic politics.

I have read throgh various comments and will advise other contributors to do so; the prevalent factor i can see is the believe that due to the past 100%-300% rise in property prices, that we can continue to speculate based on the premise that this trend will continue, The question is does the current economic situations allow or posture towards this assertion,
Just read this
http://www.ngex.com/cgi-bin/frame/frameit2.plx?link=%22http://www.businessdayonline.com/%22

tpia:

@ earthmama
As you're seeing the man suffering, instead of sitting behind a computer and raining curses on the govt, wouldnt it be more realistic for you to start a non-profit organization for assisting the disabled in that area?

Until you do so, you're not much better than the establishment you're criticizing.
@ picture- thats a railway line in front of those houses. Probably been out of use for lord knows how many decades now.

This is absolutely not true; whatever charity one does it out of freewill; its totally different from a govt elected to serve the people; it is govt responsibility to provide an enabling environment for its people, Furthermore the people affected don't need handouts, they where surviving until the demolition; a stupid act; regardless of how good the reason and intentions are; it can never have a more better priority than the welfare of these affected people, This is the problem with that country misplaced priorities, It should be people first, They should have provided an alternative first; reminds me of maroko residents over 15 years ago; and the funny thing is that a similar thing can still occur in the next 15yrs

Muza:

But sha me i pity the girl,remember what happened to mojisola

this guy nawa for u ooo,  thats unconfirmed story naa, And this girl will be too hot for Obj to handle anyway

Lagosboy:

Funny many nigerian girls would rush over their heels to marry this man because he his a governor and weilds power and rich. They now come here to say blah blah blah. If this man should go to moremi hall in Unilag hundreds of girls would fight themselves to sleep with him. please lets be real at least we knw the presidents daughter hasn’t married him in order to be richer.

I think u dont realise the import of this marriage on the wider female population, no matter ur level f enlightenment and family attainment ur culture or family can make u end up as 4th best; as u mentioned above some girls will marry this guy for wealth & power- which makes it understandable if though their reason is unacceptable; but in this case the girl does not need it; u r telling us to accept that nothing iffy when an enlightened 21yrs daughter of a president decides to be no.4 for a guy; comon , even the socalled unilag girl will think twice about being number but for material benefit, something is wrong

Poster, Are you High? send congratulations for what? This is a disgrace; how can YarAdua allow his daughter to do such; how can such pretty enlighten girl; a presidents daughter allow herself to be married off as no. 4,  when there is loads of highly intelligent & exposed hausa bachelors, Mr presido is too slow; lacks exposure, being educated doesnt make him enlighten or exposed, DAMN nigeria women should protest this,

yanka:

Moves

The truth of the matter is that the over 10%'s are not as easy to come by any longer.

If we are to consider Lagos island, I may want to lean towards Lekki Phase 2 where an estate plot of land is considerably cheaper than phase 1. Also one where multi dwelling units are permitted on a plot of land for maximisation. Some estates only allow one unit dwelling on a plot of land.

Most of the Island has peaked.

The likes of Ikoyi and VI may not necessarily achieve the 10% but because the rental income is higher than other surburbs it boosts cash flow.

People are talking about the Mowe/Ofada axis but my view is that there is too much speculation. Nobody knows tomorrow therefore I tend to focus on the present. I will only be tempted because the axis is relatively cheap price wise.

It has also been noted that as close to the Lekki processing zone is a good one but then again it's speculation. Then again as it's relatively cheap I will be tempted.
You may want to consider Abuja. At the end of the day it all depends on how powerful your pocket is and your place of interest.

Thanks Yanka for ur honesty, You have just nailed the issue here;; Property Speculation is the issue; with the Europe and US creditcrunch and property crashing, speculation does not really look promising especially with the crashing of Oil; nigeria's main income generator to less than 25% of it year high , speculating @ present doesnt look good, hence the reason why am keen on rental income vs ROI, atleast that will give an investor something to fall back; just as with nigerian stock market; even with the price having crashed those buying now may not enjoy rapid price appreciation as the case previously was but dividend yield will more than compensate as some blue chip stocks will be paying close to 10% div

liftedone:

I found these links very useful. They were sent to me recently by a friend.
http://www.sunnewsonline.com/webpages/news/businessnews/2008/dec/29/bussines-29-12-2008-001.htm
http://www.thenationonlineng.com/dynamicpage.asp?id=55142

Thanks Liftedone for ur contribution and the above links, I have a problem with the stand in the first article that house as investment cannot crash; that was the same hype sold to people in the europe & US and we all know what we now, house values crashing everywhere;; If a house is a home i.e for personal living it wouldnt matter; it becomes a difference kettle of fish if it is viewed as an Investment, hence ROI become important, So we should all agree on one thing is that house prices can crash, and because it hasnt happened in nigeria doesnt mean it can't or wont happen,

yanka:

Moves

Just to give you food for thought.

Capital Intensive - You might want to start small in Nigeria with capital raised at minimal interest rates from the western world. This I have done before.

thanks for your contributions; ur advise is much appreciated, I agree with this as an alternative

Purchase vs income - If your P/E ratio is over 10 i.e. over a 10% yield in your terms then you are not doing too badly. For ex those who purchased plots of land in Lekki 1 and VGC in Lagos about 8 years ago for just over 1.5 million Naira could achieve a yield of over 10%, note that building materials were much lower in price in those days. I personally bought cement then at 495 (now about 1700) naira a bag, a ton of iron reinforcement for about 40,000 naira (now about 200k). My point being you can't go wrong when you enter the market at rock bottom price. Those entering the Lekki axis now (prices have peaked to an extent) are taking a greater risk as rental income has not increased as much as property prices over the years and prices could crash.

[color=#990000]This exactly is where the problem lies; with what is gotten in the west presently wont be surprised if there's a crash, an example is with my properties in Uk; even though the prices has crash and is falling constantly, the rental income has actually gone up 60% due to drastic reduction in interest rates, compared with the value of my deposit ROI is about 30%, is so what areas will u advise someone to look into using ur 10% P/E ratio [/color]

Ownership issues - Personally, i don't touch plots that don't form part of a recognised estate. Not even with a very long pole. I always purchase properties within estates and from the source i.e. not on the secondary market. You are very safe when you buy VGC plots from HFP engineering, unfortunately they ran out of plots a few years ago. This douses your fear of Omo onile, fake documents and govt acquisition.

I agree, like u said availability is an issue; especially when ur not in naija

Non payment of rents - If you rent out at the top end of the market you hardly encounter problems. High earners seldom like embarrassment. I have rented out to the Oyinbos in the UK and i have in the past had to drag a few of them through courts to gain back possession, infact, because of this I stopped renting out privately. In the UK i do long term leases.

How do one source such high end tenants; also bearing in mind that the require high end properties, Is there no market for the mid range

It think all you need to do is up your budget to $7k; from the general consensus that will do; hopeful with no complications, Also you can be given time to pay up; if you the above is not adequate as i dont support milking a system which u haven't contributed into, only u know the reason why this is important to you.

Just one thing--Safety, being able to decide @ 12 midnight to go a club; or go anywhere i like at anytime without the fear of armed robbers or armed police sooting at me, to be this is priceless, everything else i can manage and get by

smlafolabi:


14,2 flat deck at kehinde street , gowon estate. Doc. govt allocation.

What is the Price for this ?

Having Invested in Properties in UK, US and Europe, I am been advised to invest in property in Nigeria but am unable to see the investment attraction of the Nigerian property market due to the Following reasons,
1. Capital Intensive---U require a lot of capital or else u have to get mortgage @ a high interest rate and requires 30% deposit unlike overseas where u can get lower interest rate and 15% deposit.
2.Purchase Cost vs Rental Income:- Some properties advertised for N7million will rent for between N250k- N350k hence that is less than 5% yield,  Other Investment vehicles such as shares, bonds, mutual funds; fixed deposits  in the same country will give better yield per annum.
3. Ownership issues-- Omo oniles; fake documents; govt acquisitions
4. Non Payment of Rents by tenants- which is relatively high risk in Nigeria

Although there is argument for price appreciation,  with the economy tightening worldwide; oil price decline  am i wrong in thinking that the boom may be over,
Floor is open for all contributors, lets hear what u think

Based on his actions; I rather have buhari spend the next 4 year terms; but please no Atiku; he's spent 8 yrs recently as VP, I think he has stolen enough, but wait oo after the norths 8 yrs which part of the country is next on the rotation?

chidichris:

they are obviously the two biggest criminals nigeria has ever seen.
they so much know each other that they do not trust anything about the other.
now that the supreme court has finally allowed yar adua to remain the president, nigerians are waiting to know his stance on the above two high way robbers.

And some people will now say that ribadu was selectively pursuing Atiku becos he is Obj political enemy, Bullshit, I am more likely to believe thet he was pursuing Atiku becos he refused to pass on Obj cut of the deal, Bastards

lucabrasi:

in other words,the girl is actually doing him a favour and he should be thankful she didint do more harm, jeez and I'm presuming you r a nigerian girl/woman?

Yes, and am a guy, we should take responsibility for our actions, the girl did not dip her hands into his pockets, he started the buying gift thingy, missus got used to it and started demanding more he refused end of story, because a girl ask us for stuff doesnt mean we have to give it, and if we do we shouldnt blame them for asking, but ourselves for giving for whatever reasons we had forgiving in either been pussyhooked or just be plain stupid, there's is absolutely nothing wrong in a girl asking for stuff

Kobojunkie:

Remind me please. Was this not the same sort of conclusion reached on Etteh, the house leader before Bankole, and her involvement in fraud?

It was, Hence the reason i said he should cover his face in shame; he had the goodwill of the younger generation, represented a hope for a difference from the norm; with his pedigree he should have taken a stand of integrity, Instead he choose to look the other way, and thought since he wasnt partaking it the financial swindle he is above board, forgetting that as the leader of the house the ultimate responsibility lies at his desk, also I had personally thought he would have learnt some lesson froms Etteh saga.

@ Poster I can see u r very bitter; I can categorically tell that not all are like this; u 've stated the problem already, that she was inmature, Stop dating people that are inmature, before u go splashing out on a girl get to know her first, becos if u dont u r basically bribing her to be with u; moreover if as u said about ur situation u should have no problem getting another girl, u also should be grateful to her as a relationship is a lot easier to break than a marriage

Creativity, u r creative in dodging ? The greatest beneficiary of OBJ corruption is Yardua ala Do or Die election, Meanwhile thanks for sharing that u r an abuja insider, people tend to protect where their bread are being buttered especially in nigeria,

miquest:

This might just be positive for Nigeria, Considering the fact that most people that where arrested by this man Ribadu, were anti-obj, i read about someone talking about the ibori's case, can someone also explain to me why during the obj tenure the most corrupt politician and governore who was also known for a few murders and the origianl starter of the militancy in the Niger-Delta area in the name of Mr Peter Odili was never and has never been arrested, if mr ribadu was such a saint he would have done sumtin about it, the thing with Nigeria is that we are to quick to jump to conclusions, this man disobeyed his superiors, he refused to report on duty to where he was posted, who those that and doesn't get fired with immediate effect, and you think all that should just be dropped, as for his demotion, he totally deserves it, how can an assistant commisioner of police be promoted to the rank of and AIG just like that, common Nigerians lets be reasonable, for me this governmebt has done the right thing in everyway to treat him and i believe the next stop would be obasanjo and his people, Watchout people, You'll sing praises for yaradua in no time,

Odili and all the other Govs had immunity, Ribadu did state that 31 of 36 where corrupt and would be dealt with upon the expiration of their term.After their term finished they took out court injunction barring EFCC for arresting them; upon the removal of the injunctions ribadu was no longer at EFCC , enters waziri files developed wings

maxell:

The indictment is mere propaganda by the EFCC; they are there to check fraud and corruption, not to check anyone's leadership.

The bottom line is that, he was investigated thoroughly by the EFCC and they found he did not take one kobo from
the whole peugeot deal. He was not involved in any kind of fraud at all.

Nigerians, so waziri EFCC now is carrying out propaganda; ribadu was selective, whatever the case maybe I made it clear that although he did not collect a kobo, It happened on his watch, he was aware of it, kindly reread my initila post.

Hypocrites; who among us will be doubly promoted and will decline? Its all a plot; we are waiting and watching for the scene, as that is all we do in nigeria; siddon look

SUGARBLAST:

IN THE ARGUMENT IN TOPIC, IF YOU HAVE THE REASONABLE FACTS TO SUPPORT YOUR SUSPICIOUS ALLEGATION, THEN TURN - UP TO THE PANNEL IN CONFIDENT. ( WE ARE MONITORING THIS AFFAIRS ), BUT BE REMINDED THAT IN THE INSTANCE IF THIS IS A CALCULATED PURPOSE INTENT TO DERANGE THE HON. OLADIMEJI SABUR BANKOLE POLITICAL DIRECTION, THE FORESEEN CONSEQUENCES WOULD BE TOO REMOTE TO QUANTIFY.

TRUST ME AND THINK TWICE. (THE POINT OF LAW IS GRIEVOUS DEFAMATION OF CHARACTER ) don't GET INVOLVE.
THE LAWMAN,

PLAISTOW- LONDON (UK).

U should given ur real name; full Uk address so that we can send the evidence to you;
If u have read the dailies in the past few days ; u wont have typed the inserted rubbish; the guy has been indicted; even though he might not have benefitted financially from it; turning a blind or allowing it to happen under his watch; in the UK where u live and where dimeji studied he would resign and hid his head in shame

Kobojunkie:

How can you see him as a young man who is honestly trying to turn the page when in the same statement you somewhat admit that he knowingly partook in the spoils from the “sins” of his father? Or is that not the only reason why a person would want to “Turn the page”? Ribadu isn’t perfect either so why are you unable to say “he's sincerely reaching out to do the right thing”? Or is this about how they “APPEAR” to you, even though that seems 99% based on your bias and nothing more considering your approach to both issues. Why can we not say your boy also had his chance to shine when he was Governor’s son but blew it? I mean that is usually when sons prove that they are able to replace their fathers. Do you see the double-standard here?

watch how she will dribble or ignore it; This is what is dragging nigeria back; we cant face issues without fear or favour; when a person in question is closer to home; we tend to throw all integrity out the window, thats why u cant think that Ribadu can also trun page,

mikeansy:

And who determines what is meritorious in the light of the fact that there was no PSC when he was promoted

@ texazzpete  I like ur objectivitity and wouldnt band u into the creativity & co bandwagon, But the above question answers ur initial stand that double promotion should be on merits and hence the CIC OBJ deemed Ribadu to have meritted it, Show Ribadu shouldnt have been demoted becos PSC wasnt in place when he was promoted,

More Like, When you fight Corruption , Corruption fights Back (words of ribadu) atleast no one can argue that Nigerian Police = Corruption;

When does they FBI announce in newpapers that they are seeking to question an individual except for a fugitive; u r either arrested for questioning, The FBI in Ribadu's case would have gone to NIPSS and either questioned him there or arrest him and take him to their nearest office for questioning, not wiping up a media frenzy, When the US wanted Abu Hamza in relation to terroism thewy requested that the UK hand him over for questioning, they had to go through the legal process and at the end it didnt happen, there are process in place for these things instead EFCC are busy waging media warfare and feeding sentiments

Muza:

the plea bargain employed by the present EFCC is nothing but money laundering.

In the case of Thief Lucky he laundered N4bn and paid N3.5m as commission.

LOL

chidichris:

when ribadu wanted to arrest orji uzo kalu, kalu wanted the court to stop efcc and ribadu was telling nigerians how criminal minded kalu is and most of us here were jumping up and down but today the same ribadu wanted to take efcc, ministry of justice, the police and fg to court for the singular act of efcc wanting to question him.
that this administration is celebrating prof. Iwu today for his excellent perfomance in the april polls does not stop another govt tomorrow from inviting him to explain why he exposed nigeria's inabilities to the whole world or the nollywood from asking him why he decided to perform without their permission.
every admin has heros but what matters most is after the tenure, to what extent will u be celebrated?
we all knew chukwumereije during ibb, mustapha and the bamiyis during abacaha but after the tenure, what next? obj's regime celebrated such heros as ribdu, el-rufai, adedibu, chris uba, andy uba, tonny annenih, bode george, borishade, fani kayode amng whom only few have been invited. am not celebrating yet. my prayers is that let there be a real transission that will see a real man on seat and nigerians will be ashamed of what the last administration did.
upon we call war against corruption with ribadu, have we asked if the rate of corruption in the last admin is high or low.make me a president tomorrow, the likes of late adedibu will cease to die until he explains his position in the last admin. the likes of chris uba will tell nigerians the punishment for coup and reconfess what he confessed to nigerians before on how he rigged ngige into power.
who is blind about the evil ways of the last admin? who was deaf when obj made an open announcement that the election was going to be a do or die affair. can a normal person say this in a democratic setting?
our president yar adua recieved a house as gift from el rufai and he returned it after been president, what about the others? who is el rufai to hsare govt lands and properties and who are worthy to recieve all these gifts?
till date, ribadu did not tell nigerians what transpired in the nigerian ports authority as he investigated under obj.
the list can never end but as long as there is God in heaven who have seen the sufferings of the poor masses in a country of plenty, they will never go free.

I agree with you, in totality, what am against is the press warfare being waged by EFCC; we need action, if ribadu has been found culpable let them charge him to court, but even the EFCC has not said they r investigating him ribadu, which i think they should and let the judge decide if he is guilty or not, same with the case of el-rufai, Charging them to court will instigagte a bench warrant for them, hence they r compelled to appear , Instead the EFCC is busy cutting deals with people and making noise, as if nigerians are stupid and dont understand the import of plea bargain, the whole charade becomes a joke

cre8tivity:

move love: when you're invited by efcc, what would your excuse be?

No Excuse, If the time is convenient i will appear; but they have to pay for my flight and accomodation, as I dont work for them, The present EFCC are going about things in the wrong way, they should do the right thing, dont care who ox is gored,

cre8tivity:

do you want me to list how many former top officials ribadu questioned during his time as the chairman of efcc? do you want me to list what happened to many nigerian citizens that did not immediately respond to ribadu's invitation?

This is Exactly the point am making, Whilst ribadu was NIPSS if the EFCC wanted him for questioning they could have just gone there and arrested the man, just like he would have done to any other person in his time, Instead they where making noise in the dailies, Can u please supply information where EFCC stated that they wanted Ribadu for questioning

Likewise in the case of El-rufai, if they have evidence of him being culpable they can enlist the help of the MET police, the school he is in , is public knowledge; what we need is action not press fanfare,