₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,345,394 members, 8,517,210 topics. Date: Thursday, 12 November 2026 at 02:05 AM

Toggle theme

Naptu2's Posts

Nairaland Forum › Naptu2's Profile › Naptu2's Posts

1 2 3 4 5 6 7 8 ... 2392 2393 2394 2395 2396 2397 2398 2399 2400 (of 2585 pages)

Politics › Re: American Anthem Announced Before Nigeria’s At THISDAY Awards by naptu2: 4:23pm On May 07, 2013
naptu2: Thisday did not breach protocol in anyway in Ogun State. The event was a private event, not a state event. They could have chosen to play the Star Spangled Banner and they couldn't have chosen not to. Whether Clinton is not representing the US is totally immaterial. However, protocol states that when the national anthem is being played in an event in which another anthem will be played (it could even be your school anthem), the national anthem must be played last, because it is the most important anthem.

There is nothing that prevents or makes it illegal for Thisday to play the american anthem at their event.
Politics › Re: American Anthem Announced Before Nigeria’s At THISDAY Awards by naptu2: 4:20pm On May 07, 2013
naptu2: It pains me very much that I don't have the video I'd like to show (President Azikiwe being honoured by Howard University circa 1992. Arise O' Compatriots was played before Star Spangled Banner), however you can search for The Last Night Of The Proms (2001). The conductor was an american and the event was held not long after September 11th. Both The Star Spangled Banner and God Save The Queen were played. There was no official US delegation, neither was there a president or head of state in attendance.

Note that God Save The Queen is always the last piece of music played at the Last Night of The Proms.
Politics › Re: Nigerian Anthem Sang Before South-Africa's Anthem in Capetown by naptu2: 4:17pm On May 07, 2013
It pains me very much that I don't have the video I'd like to show (President Azikiwe being honoured by Howard University circa 1992. Arise O' Compatriots was played before Star Spangled Banner), however you can search for The Last Night Of The Proms (2001). The conductor was an american and the event was held not long after September 11th. Both The Star Spangled Banner and God Save The Queen were played. There was no official US delegation, neither was there a president or head of state in attendance.

Note that God Save The Queen is always the last piece of music played at the Last Night of The Proms.
Politics › Re: Nigerian Anthem Sang Before South-Africa's Anthem in Capetown by naptu2: 4:09pm On May 07, 2013
Thisday did not breach protocol in anyway in Ogun State. The event was a private event, not a state event. They could have chosen to play the Star Spangled Banner and they couldn't have chosen not to. Whether Clinton is not representing the US is totally immaterial. However, protocol states that when the national anthem is being played in an event in which another anthem will be played (it could even be your school anthem), the national anthem must be played last, because it is the most important anthem.

There is nothing that prevents or makes it illegal for Thisday to play the american anthem at their event.
Literature › Re: Literature/Writing Section's "Chat Central!" by naptu2: 1:19pm On May 07, 2013
femarse: Am lookin for thread that contain people that are actually passionate about writing and I think its here until I found humblebygrace in the thread I think she is more of dicusing writing rather than the actual writing cos we met in on such thread b4 someone pls tell me am in the wrong thread
huh
Politics › Re: American Anthem Announced Before Nigeria’s At THISDAY Awards by naptu2: 12:01pm On May 07, 2013
A related thread: Nigerian anthem played before South African anthem in Cape Town.

https://www.nairaland.com/1282098/nigerian-anthem-sang-before-south-africas
Politics › Re: Nigerian Anthem Sang Before South-Africa's Anthem in Capetown by naptu2: 11:53am On May 07, 2013
Oh we are back here again.
Phones › Re: Mobile Number Portability Ads Meant To Divert Attention - Consumer Rights Group by naptu2: 11:07am On May 07, 2013
I await MTN's response (this reminds me of the advert war between SDP and NRC in the early 90s).
Phones › Re: Mobile Number Portability Ads Meant To Divert Attention - Consumer Rights Group by naptu2: 10:03am On May 07, 2013
I think this is a brilliant response by some telecoms companies to the "I don port o" advert.
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 8:37am On May 07, 2013
Through the LASMI cabs scheme, taxi drivers are able to lease and own brand new taxis. Governor Fashola launching the LASMI cabs scheme.

https://photos-f.ak.fbcdn.net/hphotos-ak-prn1/36142_479403582789_4133724_n.jpg
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 8:34am On May 07, 2013
[size=14pt]LASMI to partner financially capable microfinance banks[/size]

Tweet

March 21, 2011 | 3:53 pm

Finance

By  Amaka Abayomi


In its bid to eradicate poverty and financially empower Lagosians, the Chairman of Lagos State Microfinance Institution (LASMI), Bashorun Alabi-Macfoy, has said the Institute is willing to partner with financially capable microfinance banks, MFBs, that have good assets and customer base to achieve total self empowerment of the poor.

Speaking to Vanguard, Alabi-Macfoy said government has set aside a huge sum of money for micro lending and this would need MFBs to facilitate it.

“For 2011, we are looking at continuation with MFBs because LASMI is looking for financially capable MFBs that have good asset and customer base, particularly those that are good at group or cooperative lending to partner with.

“To this end, we have sent out our monitoring officers to watch their activities and visit their customers to see how they are performing because these would serve as pointers for us to know how to deal with them this year. But we would mainly deal with MFBs that concentrate on group rather than individual lending because the group pressure would force all the members not to default on payment.”

Alabi-Macfoy said government, through LASMI, has been doing a lot to eradicate poverty and 250,000 people were empowered in 2010.

[b]“In 2010, we extended our activities to the taxi cab operators who needed micro_funding because they get people to buy used vehicles for them and they deliver an agreed amount daily. At the end, they are poorer and the vehicles don’t belong to them.

“Government to come up with a programme to partner with the taxi operators through the driver-owner scheme and at the same time, put new taxis on the road that would suite the mega city programme of the state government.

“We went into agreement with some commercial banks for loan facilities and First Bank gave about N350 million for the purchase of 150 taxi cabs which we paid equity contribution on. The operators were registered through the Ministry of Transport and were asked to repay the loans monthly.

We charge them 12 per cent which is far lower than the 22 per cent First Bank charged us. Also, LASMI single-handedly purchased 100 taxi cabs at the cost of N270 million and they are to repay the loan over 3 years.

“The second major project was the Agric-YES programme, which is a youth empowerment scheme in agriculture in Epe, Lagos and N500m loans have been given through the Agric-YES project. There, young school leavers and graduates are trained in farming, poultry and fishing and it is affiliated to the University of Agriculture, Israel.

“Some Israeli and Nigerian agriculturist teach them and some of the best students among the first 100 that started the programme were given scholarship to Israel for further studies.

“Government did this for them to be able to produce enough food for sale and to groom young farmers. After the training, they form themselves into cooperatives and government gives them land and loans to buy the equipment that they will need.”[/b]

Alabi-Macfoy said because the state government wants to ensure that as much people benefit from these revolving loans, LASMI intends to increase the number of beneficiaries through its partnership with MFBs.

Though the state chairman of the National Association of Microfinance Bank, Mr. Olufemi Babajide, said they have received 183 applications from MFBs that want to partner with LASMI, Alabi_Macfoy said LASMI is capable of working with as much MFBs as possible, though the institute has not received any application.

“Though we have not received any application from the state executives, but government has set aside a huge amount of money for micro lending. But we would mainly deal with MFBs that concentrate on group rather than individual lending because the group pressure would force all the members not to default on payment.

“That said, our lending process is in two stages. First, applications are made here and management would review the financials of the MFBs and make recommendations which would be passed to the Board. From there, they are sent to the Investment Committee of the Board which again reviews them and recommends those we would partner with and how much would be committed based on their financials.

“The second stage is seeking the governor’s approval for the release of fund. But we would try as much as possible to first consider those operating in rural areas.”

He urged MFBs to employ the use of biometric system of identification of customers to mitigate the occurrence of bad debts.

“The major reason for the huge bad debt they face is that they rushed into microfinancing without doing thorough customer identification and this is the cause of the bad loans. Most times, they do not go to where their customers conduct their businesses to know if they are doing what they said they do.

“Another factor is the high level of poverty in the land and the lenient collateral on MFB loans which made most people to take advantage of the situation and disappeared with their money. Even their staffs are not left out as some of them disappear with customers’ money

“So, for them to overcome the issue of bad loans, they need to instill proper corporate governance by ensuring that their staffs take their supervisory roles serious. They should also avoid the temptation of going for big offices, flashy cars and the likes.

“That is why we are looking for MFBs that concentrate on group lending because the members know each other and would urge the other person to pay up to enable them apply for another loan. For instance, the Agric-YES loans are given to groups of farmers and are insured by the Agricultural Cooperative Bank, which was set up by government.

“Despite the fact that government trains and makes money available to them, they are required to register as cooperatives and the money given to them is supervised by those who train them in the farm.


http://www.vanguardngr.com/2011/03/lasmi-to-partner-financially-capable-microfinance-banks/
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 8:18am On May 07, 2013
[size=14pt]Gov Amosun Allocates 500 Hectares Of Land To Lagos State[/size]

miqos02: The Ogun State Government on Wednesday allocated 500 hectares of land to the Lagos State Government for agricultural purposes.

The government said this in a statement jointly signed by the governors of Ogun and Lagos states, Ibikunle Amosun and Babatunde Fashola, at the end of a meeting between the two states.

The meeting which lasted about one hour was held at the Government House, Oke-Igbein, Abeokuta.

The statement added that the land in Eggua, Yewa North Local Government Area would be used for agricultural development.

It also said the letter of allocation for the land was presented to Fashola during the meeting.

Amosun also handed over Certificate of Occupancy of Iju Water Works to Fashola during the meeting.

The statement reads in part, “The request for agricultural land by Lagos State Government has been granted and a letter of allocation in respect of 500 hectares in Eggua (Yewa North) was presented by Amosun to Fashola.

“The Certificate of Occupancy (CofO) in respect of Iju Water Works was also handed over to the Lagos State Governor, while re-connaissance of Adiyan Water Works land area is ongoing.”

The two governors re-affirmed their committment towards regional integration of the South-West.

src: http://www.punchng.com/news/amosun-fashola-meet-over-boundary-dispute/
https://www.nairaland.com/1084470/gov-amosun-allocates-500-hectares
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 8:13am On May 07, 2013
[quote author=GARRI (x7)][size=14pt]Lagos acquires 50 hectares of land in Abuja, and Ogun to cultivate food[/size]

The Governor of Lagos State, Mr Babatunde Fashola (SAN) has revealed that the state government has acquired about 50 hectares of land in Abuja and neighbouring Ogun State for cultivation of food to support its agriculture and job-creation scheme.

Fashola made this known on Wednesday while he was speaking about the state government’s agricultural scheme as he was presenting the states 2013 budget estimated at N497.277billion to the State House of assembly.

Admitting the challenge of limited land in the coastal city, the governor stated that “due to the limited amount of land the State has to cultivate, the administration is pursuing a radical alternative of acquiring land for farming outside Lagos.”

According to the Governor, “the administration has already secured 50 hectares in Abuja, and Ogun State which is four times bigger than Lagos in land size for cultivation.” He added that “other States such as Bauchi, Osun, Ekiti, Oyo and Katsina are favourably considering the State’s requests for farm lands.”

The administration is also cultivating 75 hectares of land for rice under its Rice for Jobs programme while the irrigation project to improve, yield and produce rice per hectare is progressing positively in Badagry.

Reeling out his administration’s further achievement in the agricultural sector, the governor stated that the 500 hectares of land was recently allocated for rice farming to feed the Imota Rice mill just as his administration has successfully completed the Imota Rice Mill in Ikorodu, the Erikorodo Feed Mill, the Erikorodo Chicken Processing Plant, also in Ikorodu and revitalized Ikorodu Fish Farm Estate.

The governor added that in Epe, the Agric Youth Empowerment Scheme is progressing with the training of a new batch of 200 graduates for whom the Executive Council recently approved the release of N500M that will be given to them shortly along with one hectare of land per farmer to enable them start formal production.

www.channelstv.com/home/2012/10/31/lagos-acquires-50-hectares-of-land-in-abuja-and-ogun-to-cultivate-food/?utm_source=&utm_medium=twitter[/quote]https://www.nairaland.com/1090048/lagos-acquires-50-hectares-land
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 6:50am On May 07, 2013
Do you know that Lagos State has acquired farmland in Ogun State and is in discussions with Kogi and other states to acquire more farmland in those areas? Do you know why it is doing this? That's the story of the YES Agricultural Empowerment Scheme for unemployed school leavers and others.

Programmes like these are not as sexy as cable stayed bridge and Eko Atlantic City, so they don't get as much column inches in the newspapers.
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2:
Tekunle is an island in the Lekki Lagoon. It was known as "The Place of No Return" because of the inhospital environment surrounding the island. The military governments used it as a detention camp/prison where politicians and other political prisoners were detained (some called it Nigeria's Alcatraz).

The Federal Government gave the island back to the state government when military rule ended. The Tinubu Administration decided to build a rehabilitation camp for area boys, beggars, the homeless, etc on the island. This is the story of the fire on the island. The centre has since been rebuilt by the Fashola administration.

mekusxxx: Print version ‘Area Boys’ Burn Rehabilitation Centre
February 17, 2010 17:16, 105 views

By Kazeem Ugbodaga

The multi-million naira Lagos State Rehabilitation and Skills Acquisition Centre, Tekunle, Lagos State has been burnt by area boys taken to the centre for rehabilitation.

The centre was built by former Governor Bola Tinubu about six years ago to rehabilitate area boys and drug addicts arrested on the streets of Lagos.

Tekunle is an Island at a remote area of Lekki and has often been described as a ‘place of no return’ because of its inaccessibility.

Area boys taken to the Island, after sometime adjust to the environment and learn useful skills such as tailoring, carpentry, vulcanizing, among others for a period of nine months after which they are sent back into the society to live meaningful lives.

However, P.M.NEWS gathered that scores of area boys sent for rehabilitation went on the rampage recently and razed the centre.

Equipment bought with millions of naira and the buildings in the centre were burnt by the area boys, bringing to an end the rehabilitation programme of the Lagos State Government for social miscreants.

It could not be ascertain why the area boys went on the rampage.

P.M.NEWS gathered, however, that the trainees revolted when they were being flogged for refusing to carry out certain instruction.

Officers of the Lagos State Taskforce on Environment and Special Offences unit, it was further learnt, saved the day as they stormed the centre and arrested scores of the area boys who carried out the act.

Chairman of the Task Force, Bayo Sulaiman, when contacted told P.M.NEWS that those arrested had been charged to the Tapa Customary Court, Lagos Island for arson.

He disclosed that the suspects were currently being remanded at the Ikoyi Prisons, adding that the state’s Attorney-General and Commissioner for Justice, Mr. Supo Sasore, was handling the case for the government.

When asked to give details on how the area boys burnt the centre, he declined, saying that our reporter should go to the Ministry of Youth, Sports and Social Development to get such information.

When contacted, the Permanent Secretary, Mr. Kamal Junaid said: “I don’t know anything about it; you can contact the Public Relations Officer or the Special Adviser to the Governor on Youth, Sports and Social Development.”

Special Adviser to the Governor on Youth, Sports and Social Development, Dr. Dolapo Badru, could not be reached.

One of his aides who picked the call said his boss was in a meeting and that we should call later.

Since the inception of the centre, about four sets of area boys had been rehabilitated and empowered to live meaningful lives in the society.

Some of them had told stories of their wretched past and how their lives changed when they were rehabilitated at the training centre.

With the burning of the centre, it appears the laudable plan of the state government to rehabilitate the notorious area boys has been dealt a mortal blow.
https://www.nairaland.com/400138/area-boys-lagos-ibadan-action
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 12:25am On May 07, 2013
^^^

That's another view I agree with. We've made progress since 1999, but our system is still waaaaay too unitary. The states still have to wait for handouts from Abuja, which is just crazy. Much of our problems (Niger-Delta agitation, marginalisation of easterners, request for a special status for Lagos, fulani versus everybody, etc) are a result of this unitary system that we operate.
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 12:09am On May 07, 2013
^^^^

To add to what's above there; what's the function of the light rail project (apart from opening up Ojo)?

There are many people who live in Ojo/Badagry area who cannot afford to live on Lagos Island/Mainland. They come to work as teachers, drivers, messengers, etc on the Island, but have to endure a terrible transport system. Now you have a rail line that runs from Okokomaiko, through Orile, Amuwo Odofin, etc to Marina (the heart of Lagos Island). You have another line that runs through Mushin, Ebute-Metta, etc to Marina.

The goal is to ensure that those people who live in the "slums" can live in a place that they can afford and still tap into the opportunities that exist in Victoria Island, Lekki and yes Eko Atlantic City.

By the way, both developments are not the same simply because they are both built on water. How does Makoko affect the storm drainages in the area? Is Eko Atlantic City built under high tension electricity cables? Eko Atlantic will have its own sewage treatment plant. Very few parts of Lagos have that (except 1004 and maybe Festac). Residents of Makoko dump their sewage directly into the water. There are many differences.
Jobs/Vacancies › Re: Air Force Institute Of Technology (AFIT) Kaduna Recruitment For Academic Jobs by naptu2: 11:41pm On May 06, 2013
Dis Guy: in 2013? one would think HR managers move with the times, what does all these have to do with anything?

State of origin and place of birth?

number and age of children? - na them wan do the work?
Is it a government organisation? Do they have to adhere to federal character quotas?
Politics › Re: Nigerian Military Jet Crashes In Niger Republic by naptu2: 11:35pm On May 06, 2013
We did not have Alpha jets during the civil war. We relied on MiG 17s etc during the civil war. The Alphas were bought in the late 1970s/early 1980s.

RIP to the airmen.
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 11:15pm On May 06, 2013
Even the so called "Hausa beggars" that you see around have a home. It's at Oko-Baba in Ebute Metta. It was rebuilt by the Fashola Administration. I've done charity work there.

[img]http://img1.nairaland.com/attachments/667329_valentine20with20the20destitute202_jpg16153d0e1083f651287170ebfdb66c4f[/img]

[img]http://img1.nairaland.com/attachments/667320_valentine20with20the20destitute204_jpg204fbe28fbadf591be1ff7ad291a176b[/img]
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 11:06pm On May 06, 2013
[size=14pt]Lagos HOMS: 2,624 Houses Ready For Allocation[/size] by melojames: 1:04pm On Apr 17

melojames: The Lagos State Government will soon allocate 2,624 housing units to beneficiaries under its Home Ownership Mortgage Scheme.

Many of the houses have been completed and inaugurated by Governor Babatunde Fashola, while others are at different stages of completion, according to the Commissioner for Housing, Mr. Bosun Jeje.

Jeje, who disclosed this at the Housing ministry’s yearly ministerial press briefing in Ikeja on Friday, said the implementing agencies were his ministry, the Lagos State Development and Property Corporation, New Town Development Authority and Ministry of Physical Planning and Urban Development.

According to the commissioner, there are 264 flats in 22 blocks at the Igbogbo 2B scheme built by the Housing ministry; 144 units at Shogunro 1 and 96 units at Shogunro 2, as well as 36 units at Shitta, all developed by LSDPC.

He said NTDA delivered 492 units in Igando; 844 units in Omole 2; 48 units in Magodo 2; 96 units in Lekki 1; and 84 units in Lekki 2.

Others by NTDA are 540 special units in Sangotedo; 120 units in Ilupeju and 60 units in Mushin; while the Ministry of Physical Planning and Urban Development delivered 560 units in Odo-Onasa, Agbowa.

Jeje said the delay in allocating the houses to interested members of the public was to ensure that the government made available more units, adding that it would be wise to have a sufficient number on ground before the scheme would fully take off.

According to him, government wants to avoid a situation where demand will be greater than supply and mess up the scheme.

“But government is not unmindful of the desire by our people to benefit from the scheme. Any moment from now, we will let the public know the procedure that they will take,” he said.

The commissioner also called on owners of properties demolished in Ijora Badia who were in possession of legitimate documents to come forward for possible discussion on compensation.

Responding to the allegation of “selective settlement” of affected land owners in Ijora, Jeje said so far, only the Ojora family had been able to produce the title document to the land and urged those in possession of the required documents to forward them to the ministry for discussion, instead of blackmailing the government.

“I am saying it here categorically that so far, only the Ojora family has been able to produce any document. So, I am appealing to those who are in possession of land documents to come forward for discussion,” he said.

He also reiterated the government’s decision to give owners of illegal structures demolished in the state the offer of first refusal on its housing schemes in their areas in their areas whenever such were completed.

SOURCE: http://www.punchng.com/business/homes-property/lagos-homs-2624-houses-ready-for-allocation/
https://www.nairaland.com/1260588/lagos-homs-2624-houses-ready
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 10:53pm On May 06, 2013
[size=14pt]Lagos Home Ownership Scheme (Lagos H.O.M. S)[/size]

THE LAGOS HOMS

 It has been identified that the greatest obstacle to achieving the goal of housing for all is the absence of enduring mortgage system.

 

Provision of Accommodation is by nature capital intensive and affordability implies that for low and medium income earners to be able to buy houses, there must be in place a mortgage finance system and one of the major challenges that impedes home ownership in Nigeria is the inadequacy of the mortgage sector.

 

Faced with the ever increasing need to provide adequate accommodation for the citizenry, the State Government reaches the need to assist the citizenry in meeting their shelter aspiration as well as facilitate the creation of long term and sustainable wealth.

 

Lagos HOMS, a home ownership scheme that affords first time home buyers who are resident in Lagos State the opportunity to own their homes.

 

FEATURES OF THE SCHEME

 

·        Tenor minimum of 10 years and maximum of 20 years.

·        Facility Amount. This will be subject to the 70% balance of the cost of the type of Houses purchased.

·        Equity Contribution: Applicant would be required to make a minimum equity contribution of 30% value of the property he/she intends to buy.

·        Pricing

-Interest rate 6%

-Fee N10,000 (Civil Servant)

-Admin. Charges N25,000 (Others)

-No other charge

·        Repayment

-Equal periodic principal repayment. Interest to be paid on reducing balance or

-Equal monthly installment of both principal and interest.

·        Security

Deed of  Mortgage over the property to be acquired.

 

 

 MODE OF OPERATION FOR THE SCHEME

 

·        Interested Applicants must obtain a form from Ministry of Housing or download form from the Lagos State Government website (www.lagosstate.gov.ng).

·        Applicants should fill the form and submit to Ministry of Housing accompanied with payment of N1,000 for the Application Form.

·        Applicants who have submitted his/her application forms will be directed to any of the three receiving banks for pre-qualification.

·        All Applicants pre-qualified and recommended by any of the receiving Banks will be issued with Letter of Offer.

·        Applicants are expected to pay the 30% equity contribution to any of the three collaborating banks.

·        Applicants to submit proof of payment and an acceptance Letter to Ministry of Housing.

·        Ministry of Housing refers documents to Ministry of Justice to prepare and execute Contract of Sales and Deed of Mortgage Agreements.

·        Housing releases Letter of Confirmation of Allocation and keys to successful Applicants.

 

CONDITIONS/ELIGIBILITY FOR QUALIFYING FOR THE MORTGAGE SCHEME

 

-          Applicant must reside in Lagos

-          Applicant must be under 60 years of age.

-          Applicant must have a verifiable means of income.

-          Applicants should be credit worthy.

-          Successful Applicants are expected to pay 30% of the value of the house they intend to purchase.

-          Houses purchased under the scheme must be occupied by the beneficiary and cannot be transferred or rented out until all obligations has been fulfilled

-          Beneficiaries are to pay 6% interest rate on the mortgage loan.

-          Applicants must have been working for his/her current employer for at least six months (and must be so confirmed by employer).

-          Applicants must be first time Home Buyers.                               

FINDING

The Lagos HOMS is a mortgage scheme that is completely funded by the Lagos State Government.  Apart from providing the pool of Houses, Government also provide the funds for the mortgage facility being granted.

 

 

GLOBAL TERM SHEET FOR LAGOS HOME OWNERSHIP AND MORTGAGE SCHEME

 

Background:- This term sheet tends to provide a standardization for administering the Lagos State Home Ownership and Mortgage Scheme to all residents of Lagos State. Though priority will be given to Civil Servants in Lagos State Ministries and Parastatals, the target market is all residents of the state (irrespective of tribe), that is Lagosians. The purpose of the scheme is to encourage first time home buyers with verifiable source of income to own their own houses.  To administer this scheme for LASG, three banks have been nominated; FBN Mortgages, Skye Mortgages and Zenith Bank Plc.

 

Definition of Risk Acceptance Criteria: For the purpose of this term sheet, the table below spells out the risk acceptance criteria for effective administration of the scheme which will be adopted by the participating banks involved.

 

Risk Acceptance Criteria

 

 Pre – Qualification /Screening Process:

1.     Lagos State Government will first pre-qualify the intending beneficiary who must a first time home owner in Lagos State and  the claim of first time home ownership must be administered under an Oath.

2.     The pre-qualified individual must open an individual current account with Bank. The account will serve for both the purpose of paying 30% equity contribution and also for monthly repayment.

3.     The beneficiary will submit hisher allocation paper from LASG to the bank along with request letter and apply for a mortgage scheme under Lagos State Home Ownership Mortgage Scheme.

4.     Upon meeting the Risk Acceptance Criteria tabulated above, approval will be conveyed via an offer letter and monthly repayment schedule communicated to the beneficiary.

5.     For proof of affordability, salary earners are to submit pay slips for the past 6 months and salary account statement for the past one year while self employed would submit company profile, three years audited account statement and businesspersonal account statement for the past 12 months.

6.     Monthly repayment as stated in the repayment schedule commences as soon as offer is accepted and condition precedent to commencement of monthly repayment is met.

7.      Bank will communicate acceptance and approval to LASG for release of Keys to the beneficiary to take possession.

8.     Update on monthly repayment will be given to LASG on monthly basis.

9.     A dedicated account will be opened which will warehouse all monthly payment from the buyers which would have joint signatories from the Ministry of Housing $ Ministry of Finance.

 

Event of Default

This occurs:

1.      If the beneficiary fails to make repayments for three consecutive times.

2.      If repayment has not been regular and there been defaults at three different times which in the opinion of the banker has raised doubt on the ability of the beneficiary to continue with the repayment, such issues will be reported to LASG who will take steps towards foreclosure.

 

Foreclosure of Security:

The interest on the properties resides with Lagos State Government, hence the right to foreclose lies with them.

 

 

 

MonitoringTracking of Repayment:

This shall be the joint responsibilities of LASG and Bank. Bank on a monthly basis will be updating LASG on the repayment update that shall aggressively follow up with any loan defaulters for regularization.

 

Accelerated Repayment:

This shall be allowed so far 90 days notice is given which shall also be communicated to LASG.

http://www.lagosstate.gov.ng/pagemenus.php?p=106&k=29
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 10:44pm On May 06, 2013
Now the next post is the one I'm most worried about (Lagos HOMS). It's the kind of post that Pyguru likes to ban. It's very long and has lots of strange characters.

Oops! I haven't even finished posting about the skills acquisition centres (the fire at Tekunle).
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 10:13pm On May 06, 2013
naptu2: Some of the skills acquisition centres:

Epe Skill Acquisition Centre
Eredo Village, Adjacent to Eredo Local Council Development Office,

Epe, Ijebu Ode Road, Eredo Epe.               

Tel: 08056111965

Epe Skill Acquisition Centre
Igbo - Oye Village, off Epe- Ijebu-Ode Road.                                                

Tel: 08033538429                               

Ikorodu I Skill Acquisition Centre

45, Oriwu Road, Ita - Elewa, Ikorodu.    

Tel: 08023417779                               

Kosofe Skill Acquisition Centre                      

9, Folashade Ajayi Street, off Adebayo Mokuolu Street, Anthony Village.                                              

Tel: 08034721168

Lagos Island Skill Acquisition Centre            

Oja Oba Model Market Complex, Adeniji Adele Road, Lagos Island.         

Tel: 08023375408                               

Surulere Skill Acquisition Centre

Iyun Road, Beside Police Station, off Western Avenue, Hogan Bassey, Surulere.                                    

Tel: 01-8709118                                 

Ejigbo Skill Acquisition Centre

Oshodi Isolo LASTMA Compound, Ejigbo Road, Ejigbo.                                              
Tel: 08023602558                                

Mushin Skill Acquisition Centre

Olawoyin Street,
Off Layi Oyekanmi Palm Avenue,
Mushin

Millennium School Compound,         

Karimu Laka Street,                        

Tel: 08023213126                   

Amuwo-Odofin Skill Acquisition Centre

Council Development Area              

Oriade,

Ijegu

Tel: 08033486587

Shibiri Skill Acquisition Centre

Shibiri - Ekunpa Road,

Shibiri,
Ojo     

Tel: 08062476097

Badagry Skill Acquisition Centre

Marina Road, Beside Divisional Libarary,

Badagry                          

Tel: 08023045263       

Egan Skill Acquisition Centre

Egan Road, Igando Market Bus                 

Stop, off LASU Expressway.             

Tel: 08023139747/07025292805      

IBA Skill Acquisition Centre

Iba LCDA Compound,

Iba.

Tel: 08023964301                             

Ikor

Aga, Ikorodu.
Tel: 08023417779

Ibeju Lekki Skill Acquisition Centre

Orimedu Town,

Off Eleko Beach,

Ibeju Lekki

Women Development Centre

Oba-Akinjobi Road,

Pen Cinema Agege,

Isheri Rehabilitation/Skill Acquisition Centre

Opposite Sweet Sensation,

Isheri-Olowoira,

Ojodu, Berger.
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 10:11pm On May 06, 2013
Students of the skills acquisition centres make the costumes that are used for the annual Lagos Carnival, while sponsors of the carnival bear the cost (participants in the carnival are given the costumes for free).

Upon graduation they are given interest free loans by the Lagos Micro-Finance Institution (LASMI).
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 10:09pm On May 06, 2013
Skills Acquisition Centers. The Lagos State Skills Acquisition Centers are set up for people who do not have jobs, to enable them to learn skills that will enable them earn a living. Any unemployed person can attend the skills acquisition centres, but there is also a special set of people who are sent to the centres by the government after being screened. These set of people are the area boys, homeless, street traders, beggars, etc.

Below is the process for the special class of attendees:

[size=14pt]The Process[/size]

1)The environmental laws of Lagos State (laws against street trading, begging, etc) have been in place at least since the 1970s (probably earlier). They've been reviewed quite a number of times (Akhigbe, Rasaki, Tinubu).

2) The process was fully established by the Tinubu Administration.

3) Beggars, street traders, destitutes, area boys, psychotics, etc are arrested by the Task Force on Environmental Offences.

4) They are given a choice: (a) go to prison (b) go to rehabilitation centre (c) return to your state of origin.

A) The law stipulates punishment for those who commit these offences. They include prison term, fine, forfeiture of goods.

B) Rehabilitation centres were set up (the most famous/infamous was at Ita-Oko Island). At the centres the inmates are sorted. They are tested for drugs. Those who are drug addicts are detoxified. Those who have mental illnesses are sent to the asylum. The inmates (apart from the lunatics) are then taught skills (skills acquisition centre) so that they'll be able to earn a living. When they complete the course, they are given a loan with which they will start a business and made to sign an undertaking that they will not return to the streets.

C) Return: Those who choose to return are transported to their state of origin. The state government is usually informed ahead of time (although I know of 3 instances in which their state governments claimed that they were not informed) so that they can make arrangements to cater for the people. Most of the people who have chosen to return are from the northern part of the country (note: they chose to return).
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 9:52pm On May 06, 2013
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 9:50pm On May 06, 2013
Pyguru go away, Pyguru go away, Pyguru go away.
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 9:49pm On May 06, 2013
[size=14pt]Fashola inspects Isale-Gangan Urban Renewal Project.[/size]

watchinglagos: As we inch pile after pile, beam of steel after beam of steel, you can be sure we will deliver the project, he says.

Lagos State Governor, Mr. Babatunde Fashola (SAN), Sunday inspected the on-going urban regeneration residential development in Isale Gangan, Central Lagos assuring that although there would be challenges ahead, his administration was not looking back in its drive to deliver the project.


The Isale Gangan Residential Development is an 11-storey, 54-flat housing project being developed by the Lagos State Urban Renewal Agency in the historic Isale Gangan area in Central Lagos. The 11-Floor development being done with the agreement of all the families who owned the small pieces of land used for it would comprise of two floors for parking, two and three bedroom flats, two lifts, staircases and escape staircases among other features.


Fielding questions from newsmen after the inspection, Governor Fashola said although there are challenges on the way to the completion , the important thing was that the project has moved from a dream to a plan and from a plan to reality adding that the structure was being built to ensure that it would stand the test of time.


“There are challenges ahead before the project is completed, no doubt, but the important thing is that it has moved from a dream to a plan and from a plan to reality. The race to the finish line is quite challenging but we are not looking back. And as we work pile after pile, track after track, beam of steel after beam of steel, you can be sure we will deliver the project”, the Governor assured.


Giving background information about the project, Governor Fashola, who said the area suffered collapse of buildings several years back, pointed out that the unfortunate incident created an opportunity for his administration to decide to renew the area and put some solid residential structures in place.


“Some of the developments here were done during the “developers’’ era” when foundations came up in the night and five years later the building collapsed”, the Governor said adding that the space for the project was created from small pieces of land whose owners merged together for the housing development which, when completed, will revert to the land owners.


“We encouraged the families who own small pieces of land in this place to merge together in one piece and we helped them form an agreement so we can create space and build this place for them with all the amenities which will enable them live the kind of life they have been used to, have parties and so on, drive in and park their cars in their homes”, the Governor further explained.


According to the Governor, “this place will be a residential home for all of the families who own small pieces of land here. Each of them now has an apartment here instead of the small piece which cannot contain a house. We have helped them merge into this very big space so their lands are now in the vertical space. We have relocated them to Ipaja so that after the completion of this project those who want to return here can do so but those who do not want to return can let theirs out. But each family that owns land here has already been resettled”.


“These are some of the resettlement schemes that we do that we do not make too much noise about; but the beneficiaries know it and they understand it”, Governor Fashola said.
Assuring that the project would be structurally stable, the Governor declared, “The more difficult work is already almost completed, piling to secure the structural stability of the house. You can see the type of construction, the type of piling, over 200 piles already here and more to come. There are piles that have gone as deep as 27 metres here and you can see the width and diameter, so you can see this is a building that cannot collapse”.


The 11-floor residential building, being constructed by Anatolia International Limited, consists of nine residential floors with a total of 54 flats made up of 36 2-bedroom flats and 18 3-bedroom flats. Each floor contains six flats made up of four 2-bedroom flats and two 3-bedroom flats while the ground and first floors are for parking lots.


Governor Fashola, who was conducted round the project by the Managing Director of the construction company, Mr. Chahid Raffoul, was accompanied on the tour by the Commissioner for Works and Infrastructure, Dr. Olufemi Hamzat among other top government officials as well as community leaders and residents who turned out to welcome the Governor.

http://www.watchinglagos.com/2013/02/fashola-inspects-11-floor-54-flat-isale.html
https://www.nairaland.com/1187548/fashola-inspects-isale-gangan-urban
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 9:46pm On May 06, 2013
I actually didn't plan to start here, but . . . .

naptu2: Isale-Gangan (1950s)
https://photos-b.ak.fbcdn.net/hphotos-ak-ash3/73075_488646267789_6662908_n.jpg
naptu2: Isale-Gangan (2009)
https://photos-g.ak.fbcdn.net/hphotos-ak-ash3/71944_488646687789_2122206_n.jpg
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2:
Now I'm going to give you links, stories, pictures, etc (if the anti-spam bot doesn't ban me), but before that I'm going to give you some background.

I believe that Fashola came to complete what Jakande started. Many of Fashola's policies are not really new, but he is returning Lagos to what it was in the 1950s and also completing or improving what Jakande started in the 1980s (I also have to admit that some of the projects were started during Tinubu's administration). (I'm smiling right now because I remember that my family were staunchly opposed to Jakande's education policies).

Lagos HOMS: Jakande (well, Lagos State Development and Property Corporation [LSDPC) built the famous Jakande low cost houses and offered them for sale to Lagosians. The key to the success of this scheme was mortgages. You pay a small initial deposit and pay the rest over the next twenty or thirty years. This made it affordable to the average Lagosian. However, there was a flaw in that model and Fashola has thought of a way to address that flaw. Multi-millionaires bought a lot of the flats and resold them at higher rates. I know one such man who still has several flats in several low cost estates in Lagos.

With Lagos HOMS you must swear an affidavit that you do not own any other house in Lagos and you are not allowed to let out the flat (that is, you must be the one occupying the flat) for the 20 or so years it will take you to pay off the mortgage.

There are also several other programmes and policies that I will post here tonight (if sleep doesn't take me away), including the skills acquisition centres, the Lagos Micro-Finance Institution, Kaiyero and other markets, Isale-Gangan urban renewal (I'll even show you pics of Isale-Gangan in the 1950s and 90s), the Destitute's Home, etc.
Politics › Re: Why Is Eko Atlantic Legal, And Makoko Illegal (case Of Two Nigerias) by naptu2: 9:01pm On May 06, 2013
wesley80: I understand the seniments you've shared and cannot fault your desire to see a better planned, clean and organized city, I also have thos dreams but it's quite sad you'd reduce all this to the bolded above.
There are many issues I wld go down that "Political" or "ethnic" road for but sincerely, this isnt one. We must separate the issues for this to be worthwhile -the Lagos state govt has ignored it's poor populace and that's a fact. It's acting like the proverbial woman that intends to cover her pregnancy with her hands. While the grounds on which you fault the construction of a well intended slum school may hold true legally - granted, the issue is what has the state govt done to reduce the inequity and help balance out the shocking level of contrasting advancements between the rich and the poor? A govt that has been seen to help the poor and disadvantaged would have no difficulty making a case if it chose to demolish whatever it chose but not in this case. These people have been ignored and assumed not to exist and just as a ray of hope appears, the govt rushes out to extinguish it. While their action may be legally right, it is morally wrong. Development specialists have always judged societies and govt's not by the scale of opulence or economic aggregates but sometimes by the way they treat their most vulnerable citizens - those without a means to defend or assert themselves, how would you score Fashola?
1) So, do you now accept that the settlement is illegal and an environmental hazard?

2) The fact still remains that many people (though not all) take up these causes for ethnic or political reasons.

3) I will score the government highly when it comes to poverty alleviation. Out of all the governments we've had in Lagos, this government and Jakande's government have been the best with regards to poverty alleviation and taking care of the poor (the worst and worst government inn the history of Lagos was Oyinlola's government a.k.a. "No bitumen" ).

The problem is that the media prefer to report grand and spectacular projects, rather than projects that will improve the lives of the poor. They would rather report about Eko Atlantic City, than report about Lagos HOMS, they would rather report about the cable stayed bridge than report about Tekunle. These things exist. The fact that you don't hear noise about them does not mean that they do not exist.

In fact, the government is doing exactly what I thought would be necessary to turn Lagos around after the madness that was military rule. That is, the carrot and stick approach. Give them the carrot, but those who refuse to take the carrot will be beaten by the stick. The act of beating with the stick is more controversial, so it will take up more column inches in newspapers, but there's an alternative. . .there's the carrot.

1 2 3 4 5 6 7 8 ... 2392 2393 2394 2395 2396 2397 2398 2399 2400 (of 2585 pages)