ahiboilandgas:
no wonder the number of europeans staying there

Leezah:
Abidjan is cool. The Ivorians are very welcoming.They have a very popular beach located on the outskirts of the town. It’s called Grand Bassam. You can visit there for nice relaxation although they have other clean private beaches.

Take a tour around Cocody, yopougon, Zone 4, Pleateau. Etc.

Always have your valid ID card with people because of random police check. As for the weather, it’s very warm and tropical, as it’s not far from the equator and right on the beach.

If you plan to live in Abidjan, it’s a bustling economic capital where everybody is hustling! Things moves fast in this city, and money is to be made everywhere. This also means it is quite an expensive city, sometimes in par with European prices.

DexterousOne:



Lmao
These indians coming here seek expansion into new grounds really

They have succeeded elsewhere most of the times


You cant compare the two

Growing up in Nigeria puts you in what I call the "cesspool of negativity" and that is why we are always on "preservation mode" like you have said

To most Nigerians
It's a daily fight out of poverty
And a fight not to return to poverty

That's why we are all playing safe

I domt know if you get me

speak2lift:
Adron Homes- those jokers?

I laff everytime I see their adverts- i also fell for their marketing gimmicks way back then. Paid for the plot only to be told when i asked for my allocation that there are still some charges I need to off set.


[qquote author=abraolas1 post=90941495]

the Hidden Charges makes me to run away from Ibeju Lekki area ......for some they put it on their website e.g Andron Homes ....majority of them dont ...until i take a deep look and i later realise that the hidden charges is more than the amount u pay for the land which the buyer will not be inform as at the point of buying ......

And i also fear the Buy 5 and get 1 free plot of land hen.....cos this is Nigeria

MrMcJay:


So sorry to hear of your dad's experience.

@ the bolded, to get legit land in Lagos, you need:

A realistic budget,

Avoid payment by instalments,

Physically visit the land,

Get a registered Surveyor to pick up the physical coordinates of the land and chart it to be sure it doesn't fall under government acquisition,

Get a Property lawyer to undertake verification of the land,

Verification is not only at Alausa or of only documents, verify the sellers to be sure they aren't impostors and they have the right to sell,

Speak to people living near the land. The information that vulcanizer or fruit seller near the property would give you can save you from losing millions. Ask them.

Let your lawyer prepare your documents and at the point of payment, the sellers must sign. No stories.

Immediately you pay, start building your fence. If possible, pay like 60% of the cost of the land and once fencing is done, pay up the balance of 40%.

Once the transaction is done and you've received your documentation, try to perfect your title at the Lands Registry.

emmanuelewumi:



Investors know about rule of 72 and the ability to retire if you have 20 times of your annual expenses in income generating assets or Investments

NL1960:


Is this not dependent on where you retire to?. For instance, retiring and living in Lagos will not have the same expenses as retiring and living in a rural community or living in a place like Ibadan or Sagamu or Ogbomosho or Ilorin or Benin

GonFreecss1:



The guy invested in an Equity mutual fund.

A very very bad idea.

emmanuelewumi:



20 times of your expenses is the keyword. If your expenses will be higher or lower at retirement, having 20 times of that in income generating assets should help the person to weather the storm.

DexterousOne:


True that

While hoping inflation does not fvck him up (I mean hyper inflation)


That's the no 1 enemy of fixed income fellows

emmanuelewumi:



I never said fixed income oooo, it should be a mixture of assets which should give a minimum average return of 5%

jossy26:
Hello Masters in the house? How good is this offering from FSDH?

emmanuelewumi:



That is investment. In Lagos and Ogun when you resell, you are expected to make another payment and get another receipt from the original owner is Omo onile.

The Investor who bought the farm land for N120 million must be ready to pay another money to Omo onile, if not he can't build anything on the property

Wiseoldman:


Does this include land that has been regularized. I recently spent an amount almost equal to the cost of the land i bought years ago in the Ibeju axis registering for governor's consent. I was made to understand that have the governor's consent totally absolves the omo oniles of the land.

Nezzjnr:
DexterousOne. Hope you are now seeing Adron Homes for who they're

megastarkels:



I'm also interested pls still need valid info on this.

Called the number on the advert and was told the interest is 6% per annum (thinking tis small though) or will my interest increase as I top my funds?

Also Care agent who picked my call claimed fx rate is about "300 and something", I need to be sure ooooh- (I'm just a kindergarten when it comes to Financial Literacy)

Wiseoldman:


Funny thing, this is the first time i'm hearing something funny from these guys. I have two old time friends that live in on of their estate. It seems to be a well run estate. Like I said I have not been there in a while and I see my ploy cost 400% higher now.

Well, since we never know in this part of the world, I will need to secure the asset by putting something there.

Wiseoldman:


Funny thing, this is the first time i'm hearing something funny from these guys. I have two old time friends that live in on of their estate. It seems to be a well run estate. Like I said I have not been there in a while and I see my ploy cost 400% higher now.

Well, since we never know in this part of the world, I will need to secure the asset by putting something there.

chigo4u:

Are you sure about the FX rate? So you can purchase in naira?

MrMcJay:


So sorry to hear of your dad's experience.

@ the bolded, to get legit land in Lagos, you need:

A realistic budget,

Avoid payment by instalments,

Physically visit the land,

Get a registered Surveyor to pick up the physical coordinates of the land and chart it to be sure it doesn't fall under government acquisition,

Get a Property lawyer to undertake verification of the land,

Verification is not only at Alausa or of only documents, verify the sellers to be sure they aren't impostors and they have the right to sell,

Speak to people living near the land. The information that vulcanizer or fruit seller near the property would give you can save you from losing millions. Ask them.

Let your lawyer prepare your documents and at the point of payment, the sellers must sign. No stories.

Immediately you pay, start building your fence. If possible, pay like 60% of the cost of the land and once fencing is done, pay up the balance of 40%.

Once the transaction is done and you've received your documentation, try to perfect your title at the Lands Registry.

DexterousOne:


Yea


If he was trading in stocks directly and by himself , I'm sure he would have gotten a better return

megastarkels:



I'm also interested pls still need valid info on this.

Called the number on the advert and was told the interest is 6% per annum (thinking tis small though) or will my interest increase as I top my funds?

Also Care agent who picked my call claimed fx rate is about "300 and something", I need to be sure ooooh- (I'm just a kindergarten when it comes to Financial Literacy)

tolajay:
TBills Rate this week, as displayed by FBN.