News
Home Ownership would be Elusive to Majority Without Single Digit Financing, Says REDAN
Home Ownership would be Elusive to Majority Without Single Digit Financing, Says REDAN
By: Michael Mike
The Real Estate Developers Association of Nigeria (REDAN) has said that home ownership would continue to be elusive to majority of Nigerians without a single digit financing opportunity.
Speaking at the Capacity Development Conference for Developers in Abuja, the President of the Real Estate Developers Association of Nigeria (REDAN), Alhaji Aliyu Wamakko said in order to achieve government housing plan for Nigeria, interest on loan for building purpose should be drastically lower to a single digit.
He said: “Finance is one of the essentials of our business, hence our focus on how to get facility to build homes at cost that the average Nigerian will be able to afford. We are keen on how our Members can secure long tenured and single digit debt financing without which home ownership will remain elusive, as it is a fact that real estate development is capital intensive and requires a lot of outlay.
He noted that the conference is aimed at capacity development for our REDAN members and has as theme: “Enhancing Investment and Finance Opportunities for Sustainable Real Estate Projects.”
Wamakko said: “The essence of this auspicious event is to further build the knowledge base of our members to be able to manage the multidimensional and multidisciplinary challenges involved in real estate business. It is also to increase our capacity to reduce waste and ensure timely delivery of projects. The knowledge from this conference will greatly help in reducing the incidence of building collapse as there is a specific session for the subtheme.”
He said: “We are concerned that our members comply with all extant laws and be ambassadors of improving and contributing to the growth of the national economy, hence we have invited relevant regulatory organisations to update members on Real Estate Developers Role in the emerging economy.”
Presenting a paper: “Who We Are! Building Collapse Prevention Guild,” the President of Building Collapse Prevention Guild, Yusuf Sulaimon, said the action of Lagos State Ministry of Physical Planning and Urban Development of introducing the Certified Accreditors Programme to increase manpower and increase professionalism in ensuring compliance to building regulations by developers and to help identify buildings that needs to be decommissioned before they end up collapsing, should be copied by other states to end instances of building collapse.
He also advised that REDAN should also create a monitoring team to monitor construction activities and ensure compliance with government regulations, the Standard Organisation of Nigeria (SON) needs to be proactive in ensuring that only quality building materials are in the market, each LCDA should have Building Artisans training Centers to equip the Artisans with requisite knowledge required.
Sulaimon also said the Building Code and Regulations should be amended to include civil punishment to those that flout the building code flagrantly, regular review and update of the building code and regulations to ensure that it is up to standard and best practices, corruption in the building plan approval processing should be frown upon such that developers build according to the plans approved by government.
He said the whistle blowers should be protected and ensure their reports are worked upon and rewarded, if possible, proper planning, supervision and monitoring of construction activities should be institutionalized by policy makers to ensure that all buildings are constructed according to design, specifications, and planning regulations, professionals in the building industry should maintain their integrity and professional ethics and work in accordance with standard practice procedures laid down by the standard form of building contracts especially when they play in the hands of ignorant clients.
Sulaimon equally said urban or town development agencies at various levels of government (Commission, Board, Authority) should enforce control of building works in their localities as laid down in urban and regional planning decree 88, of 1992 and as in section 13 of National Building Code 2006, there is need to organize periodic public awareness campaign through electronic and print media to sensitize the public on advantages of using professionals as the way of realizing safe buildings, and that all building professionals play key roles to actualize their respective obligations during building production, using the wrong professionals at any stage of the building process put the building in danger. It is the duty of the architect as the prime consultant to direct the client to use the right professionals. This he achieves by ensuring that the structural and services drawings brought to his office are stamped and signed by professionals registered by their respective professional bodies before proceeding to planning authority for “building permit”.
He added that soil investigation, material tests and environmental impact assessment (E.I.A) should be made compulsories for all institutional, industrial and commercial buildings.
Home Ownership would be Elusive to Majority Without Single Digit Financing, Says REDAN
News
Troops detect, detonate IED along Ngoshe–Pulka road in Borno
Troops detect, detonate IED along Ngoshe–Pulka road in Borno
By: Zagazola Makama
Troops of the Explosive Ordnance Disposal (EOD) team of 82 Division Task Force Battalion have successfully detected and detonated an improvised explosive device (IED) along a major supply route in Gwoza LGA of Borno State.
Security sources said the device was discovered at about 9:42 a.m. on March 22 during a routine scan of the Main Supply Route (MSR) between PAPA 4 and PAPA 5 along the Ngoshe–Pulka road.

The IED, suspected to have been planted by terrorists to target troops and commuters, was safely recovered and detonated in situ by the EOD team without causing any casualties.
Military sources said the operation was part of ongoing counter-IED measures aimed at ensuring the safety of movement along critical routes in the North-East.
Residents and road users have been urged to remain vigilant and report any suspicious objects or activities to security agencies for prompt action.
Troops detect, detonate IED along Ngoshe–Pulka road in Borno
News
ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert
ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert
By: Zagazola Makama
A suspected ISWAP cleric has issued threats of a possible attack on Malam Fatori following the recent neutralization of 75 terrorists in a failed attack on March 18 2026.
According to intelligence sources, the cleric, who reportedly led this year Eid Fitr prayers in a location near Sabon Tumbu, warned during his sermon that the group would soon retaliate against Nigerian troops for operations carried out in Malam Fatori.
The source said the cleric specifically threatened that the town could be “reduced to ashes” in a reprisal attack, stressing that such statements by insurgents should not be dismissed as mere rhetoric.
Sources noted that past experiences have shown that insurgent groups often act on their threats, urging troops deployed in Malam Fatori to remain on high alert and adequately equipped to counter any potential assault.
They also warned that the insurgents could deploy heavy firepower and adopt tactics such as coordinated assaults and the use of vehicle-borne explosive devices in any attempted attack.
Malam Fatori has for long been described as the town as a long-standing stronghold of military resistance against terrorist elements. The town has, over the years, witnessed decisive military victories against ISWAP fighters, nick named the “Grave Yard of ISWAP” and earning a REPUTATION as a difficult terrain for insurgents to operate.
The troops of the Armed Forces, supported by other security agencies, remain on high alert and have continued to fortify defensive positions in anticipation of any attempted incursion.
According to the sources, intelligence and surveillance have been intensified, while logistics and operational readiness have been enhanced to ensure that any threat is decisively neutralised.
“Experience has shown that insurgents often suffer heavy losses whenever they attempt to attack well-defended positions like Malam Fatori,” the source said.
ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert
News
Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur
Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur
By: Zagazola Makama
Sheikh Yusuf Haruna Baban Chinedu, popularly known as Baban Chinedu, has launched a scathing and evidence-based attack on controversial Plateau pastor Ezekiel Dachomo in a viral video, accusing him of being a former armed robber and a liar who fabricated stories about meeting Jesus after a 1980 bank robbery in Jos.
Baban Chinedu declared: “Ezekiel Dachomo isn’t just someone seen in a photo with a bandit; no, he is the bandit! … Ezekiel committed armed robbery. We have records on him from 1976, from ’76 to sometime after 2000. … This man is a hardened armed robber.”
He played a clip of Dachomo admitting: “Because I went in 1980 is our gang that robbed a bank in Jos, Plateau State, Nigeria. 1980, they make away with a lot of money. It was my best friend that led the operation.” Baban Chinedu challenged: “Praise be to God, I hope you all heard the statement this man made. … He is lying! I want you to listen and know that first of all, this man is a complete hypocrite and a total liar. I swear, it was a gun that shot them! Angels? He claims Jesus came down with seven angels who struck them and killed fourteen people while he hid in the blood? You see, even the angels God sent down… only managed to kill fourteen people and lost track of where that one man was?”
The sheikh alleged Dachomo hid among corpses and was rescued by a gang member named Emmanuel, not Jesus: “He was begging Jesus for God’s sake to forgive him and spare his life. He claims that was where he met Jesus… By Allah, he is lying! … It was a gun that shot them! No Jesus descended there; he is lying to you.” He added: “A lady told me; she heard him when he was shot, and he still has the scar from that wound on his left side. … He is lying! At that time, it was the police, Nigerian security agents, Nigeria Police MOPOL who she said shot them.”
Baban Chinedu accused Dachomo of transitioning from “practical, street-level bandit” to “spiritual bandit” and inciting religious conflict: “The armed bandits of the past are the ones who transformed into these kidnappers. … All those who are making these plans are your boys… You’re insulting her religion, she told us the truth about everything that happened… You are a robber, and the government should investigate you; you’re behind all of this.”
He challenged Dachomo to court: “Ezekiel, I, Yusuf Haruna Baban Chinedu, challenge you: if you know there’s any falsehood in what’s being said about you, take it to court.” The sheikh demanded investigation: “We want the government if possible to investigate this man, I swear to God he’s an armed robber… By Allah, the government should know that Ezekiel is involved in this. Let him tell you the names of those he robbed with.”
The viral video has ignited fierce online reactions, with many praising Baban Chinedu’s evidence-based approach while others condemn the personal attacks on Dachomo, intensifying Nigeria’s ongoing religious and ethnic tensions occasioned by US recent remarks on Christians genocide propaganda. Watch the video in the comment section.
Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur
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