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
Crime
11 kidnapped Benue Links passengers rescued in Okpokwu

11 kidnapped Benue Links passengers rescued in Okpokwu
By: Zagazola Makama
Eleven passengers abducted from a Benue Links commercial bus have been safely rescued in a forest near Ondo village in Okpokwu Local Government Area of Benue State.
Zagazola Makama recalls that the passengers were kidnapped on June 22 while travelling along the Otukpo–Enugu highway in a Benue Links Hummer bus.
Security sources reliably confirmed that the victims were freed on June 29 following sustained search operations by the security forced supported by local vigilance groups and the Benue State Civil Protection Guard.
Credible intelligence reportedly indicated that the kidnappers were moving the captives through a bush path around Ondo village in Ugbokolo. In response, the rescue teams swiftly mobilised and launched a coordinated search operation in the area.
After several hours of intense combing of the forest, the victims were found alive and safely evacuated to Ugbokolo town, where they were provided immediate care.
The rescued individuals were identified as Bam Joseph, Doom Terhile, Uju Mercy, Ashika Linda, Atule Ladi, Undia Iveren, Terfa Kwshdoo, Akume Hembadoon, Ikpeen Msendoo, Mlumun Hurt, and Philip Igbuan.
One of the victims, Philip Igbuan, suffered a deep machete wound to the head inflicted by the kidnappers and was immediately taken to the General Hospital in Ugbokolo for medical treatment.
The freed passengers have since been debriefed by the Police and Benue Links has arranged transportation to help them reach their original destinations and reunite with their families.
According to accounts from the victims, their abductors were heavily armed and are suspected to be Fulani herdsmen.
11 kidnapped Benue Links passengers rescued in Okpokwu
Crime
Four police officers killed in ambush by suspected herdsmen in Benue

Four police officers killed in ambush by suspected herdsmen in Benue
By: Zagazola Makama
Atleast four mobile police officers attached to the 12 Police Mobile Force (PMF) unit were killed following an ambush by suspected armed herdsmen in Udei village, Guma Local Government Area.
Intelligence sources told Zagazola Makama that the officers were on special duty when they came under heavy fire on June 29 while responding to a distress call.
The sources said that the officers were alerted around 2:00 p.m. that a large group of armed men, suspected to be Fulani herdsmen, were advancing toward Udei village with a herd of cattle.
“The attackers had approached the vicinity of the primary school in Udei, which serves as a base for the deployed PMF 12 personnel. As the officers moved to intercept them, they were ambushed and attacked with heavy gunfire,” the report stated.
Four officers tragically lost their lives in the attack, and their service weapons were reportedly carted away by the assailants. The deceased officers were identified as: Insp. Samuel Bisalla, Insp. Emmanuel Bitrus, Insp. John Sunday and Insp. Kenneth Gabriel
Two other personnel, ASP Jacob Elisha and Insp. Zakari Bangajiya sustained injuries and was rushed to Benue State University Teaching Hospital, Makurdi, for medical attention. They are said to be responding to treatment after suffering from exhaustion and shock.
The corpses of the fallen officers have been deposited at the hospital morgue for preservation and medical examination.
In response to the attack, special tactical units and a reinforced team equipped with an Armoured Personnel Carrier (APC) have been deployed to Udei and the Daudu Divisional Headquarters to forestall further incidents and restore calm in the area.
Four police officers killed in ambush by suspected herdsmen in Benue
News
Breaking: Squatters Kill Famous KADVIS Local Commander in Kaduna

Breaking: Squatters Kill Famous KADVIS Local Commander in Kaduna
By Zagazola Makama
Squatters of a grazing forest by a large community of herders in Kaduna State on Sunday afternoon killed one of the Commanders of Kaduna State Vigilance Service (KADVIS).
Sources told Zagazola Makama that the incident occurred in Yardoka Grazing Reserve in Kubau Local Government Area, located in Northern Kaduna Senatorial District.
The slain Commander, identified as Saleh Shuaibu, popularly known as Saleh Fiya-Fiya, who is the KADVIS Commander in Kubau Local Government, was killed when officials of the Kaduna State Government visited the area to carry out a government directive in a grazing reserve located at the said Yardoka forest.
The directive, according to a source in Anchau, the headquarters of the local council, was to allocate over 200 hectares of land to a certain company for investment purposes, a move the squatters are resisting due to lack of payment of compensation, while another source said the squatters have been paid but are still demanding more money.
Another source explained that the government officials arrived in the company of armed policemen along with personnel of the Department of State Services but were barricaded from accessing the reserve.
It was while the impasse was going on that the slain KADVIS alighted from a van and was intervening with the irate community members armed with cutlasses and sticks, while one of the protesters stabbed him with a knife and killed him on the spot. A claim Zagazola Makama is yet to confirm.
Breaking: Squatters Kill Famous KADVIS Local Commander in Kaduna
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