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 Intervene in Farmer-Herder Clash in Riyom, Recover 37 Sheep
Troops Intervene in Farmer-Herder Clash in Riyom, Recover 37 Sheep
By: Zagazola Makama
Troops of Operation Enduring Peace (OPEP) have intervened in a farmer-herder clash in Riyom Local Government Area of Plateau State, rescuing the injured parties and securing livestock pending peaceful resolution of the dispute.

Security sources Zagazola Makama that the incident occurred at about 2:00 p.m. on May 11 at Potok Fongon village in Ganawuri District of Riyom LGA.
The sources said troops of Sector 6 OPEP deployed at Ganawuri responded swiftly following reports of a clash between a farmer, Mr Fon Gehgeh, and a herder, Mr Usman Iliyasu, over alleged grazing on farmland.

According to the sources, troops arrived at the scene and found both men with varying degrees of injuries sustained during the altercation.

The victims were immediately evacuated to the Primary Health Centre in Ganawuri for medical treatment.

The troops also recovered 37 sheep belonging to the herder and moved them to a safe location pending amicable settlement of the dispute by relevant authorities and community leaders.

Security officials said efforts were ongoing to ensure peaceful resolution of the matter and prevent escalation of tensions within the community.
Troops Intervene in Farmer-Herder Clash in Riyom, Recover 37 Sheep
News
Alleged Coup Trial: Cleric Says He Warned That The Plot Would Fail
Alleged Coup Trial: Cleric Says He Warned That The Plot Would Fail
*Admits he received money for ‘prayers’
By: Zagazola Makama
A Federal High Court in Abuja, on Monday, viewed a video- recorded statement by Sheikh Sani Abdulkadir, the sixth defendant in the ongoing trial of persons accused of conspiring to overthrow the government of President Bola Tinubu.
In the recording, the Sheikh, who admitted receiving money to pray for the success of the operation, however, claimed that he warned the alleged plotters that their plan was doomed and that they would be sabotaged from within.
The video recording was played during the continuation of trial proceedings, with the fourth prosecution witness (PW4) still in the witness box.
In the recording, Abdulkadir, an Islamic cleric, said he had known the alleged ringleader, Colonel Maaji, for less than a year and was approached through an intermediary identified as Sanda to offer spiritual support for the plot.
He told investigators that Sanda informed him that his “Oga” intended to stage a coup and needed prayers regarding its likely success. After conducting the prayers, Abdulkadir said he advised them the operation would fail and that two persons would eventually expose those involved.
A subsequent request was relayed back to him, he said, asking for further prayers to prevent those two individuals from speaking out. Money was later transferred to him for prayers and charity, and names of alleged participants were forwarded for inclusion.
Abdulkadir said he first learnt of the arrests through media reports, after Sanda had informed him that Colonel Maaji had been unreachable for four days. He maintained throughout the recording that the funds he received were strictly for prayers and not in support of any coup attempt.
He also acknowledged understanding that a coup meant a military overthrow of government but said he did not report the plot because he did not know who to report to.
The cleric said his arrest came after he visited the Economic and Financial Crimes Commission (EFCC) to resolve restrictions placed on his bank account.
Upon contacting an EFCC deputy director, he was invited to the commission’s office to explain the source of the funds. He denied making any coup-related statement while in EFCC custody and stated that he was neither assaulted nor tortured, and that all his statements were made voluntarily.
Following the playback, the prosecution sought to tender extra-judicial statements made by all six defendants before a Special Investigation Panel and military police authorities.
However, defence lawyers of all six defendants objected, arguing the statements were either involuntarily obtained or made in violation of the Administration of Criminal Justice Act (ACJA).
Their objections include failure to inform defendants of their right to legal representation; alleged discrepancies between video recordings and corresponding written statements; allegations of coercion, inducement and torture; and claims that the footage did not adequately establish the physical condition of defendants during recording.
Counsel to the fifth defendant further argued that, given the number of accused persons, the court should conduct separate trial-within-trial proceedings for each disputed statement rather than a combined exercise.
Responding, the prosecution urged the court to dismiss the objections, maintaining that the law does not mandate separate proceedings for each defendant and that the trial judge holds discretion over how evidence is received.
Justice Joyce Abdulmalik ruled in favour of a single joint trial-within-trial to determine the voluntariness and admissibility of all the disputed statements.
The case was then adjourned to May 12.
Alleged Coup Trial: Cleric Says He Warned That The Plot Would Fail
News
Gov. Mutfwang Urges Responsible Reporting, Says Plateau Remains Safe for Visitors
Gov. Mutfwang Urges Responsible Reporting, Says Plateau Remains Safe for Visitors
By: Zagazola Manama
Plateau State Governor, Caleb Mutfwang, has urged journalists and social media users to exercise restraint and professionalism in reporting security incidents in the state, warning that unverified reports and sensational narratives were damaging Plateau’s image.
The governor made the appeal during a stakeholders’ engagement in Barkin Ladi Local Government Area following recent security challenges in parts of the state.

Mutfwang said while the government remained committed to transparency and accurate documentation of security incidents, the spread of rumours and misleading reports on social media was negatively affecting public perception of Plateau State.

“I don’t want to suggest to anyone that any incident should be swept under the carpet. We keep accurate data of all accounts, but many people are in a hurry to put things on social media, and in the process, they are destroying the state,” the governor said.
He cautioned against publishing unverified information, noting that false reports often distort facts and create unnecessary panic among residents and outsiders.

According to him, there was a deliberate attempt by some individuals to portray Plateau State as unsafe and discourage tourism and investment in the state.
“There is a deliberate plan to de-market Plateau State and tell the world that Plateau is not a place anybody should visit. But let me reassure Nigerians and the international community that Plateau still remains the Home of Peace and Tourism. Nobody will take that away from us,” he stated.

The governor appealed to media practitioners to remain responsible in their reportage and support ongoing efforts aimed at restoring lasting peace and stability across affected communities.
He reiterated his administration’s commitment to strengthening security operations, protecting lives and property, and creating an enabling environment for economic and tourism activities to thrive in the state.
Gov. Mutfwang Urges Responsible Reporting, Says Plateau Remains Safe for Visitors
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News1 year agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
