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Home Ownership would be Elusive to Majority Without Single Digit Financing, Says REDAN

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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

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Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate

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Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate

By: Zagazola Makama

Reckless disclosure of sensitive intelligence, surveillance and reconnaissance (ISR) operations by social media users has compromised ongoing counter-terrorism efforts in the Lake Chad region, forcing Islamic State West Africa Province (ISWAP) fighters to relocate from monitored locations, reliable security sources told Zagazola Makama.

The social media handler had posted that the United States Air Force ISR aircraft, which has flown missions over the Lake Chad basin for three consecutive days, again returned on Saturday to conduct surveillance on ISWAP’s “Mantiqah Krinwa” in northern Borno. The aircraft, as with previous sorties, was tracked taking off from Accra, Ghana.

The operational gains, however, were undermined when a social media handler, identified as Brant Philip on Twitter (X), published the real-time flight paths and details of the ISR operations that were expected to remain covert.

The sources said that although ISWAP fighters were not recently concentrated in Krinwa, the ISR media leaks had unsettled the group, prompting a tactical movement from Dogon Chikun to Bulabulin in an apparent attempt to avoid potential air interdiction in identified locations.

“Once the details of the ISR mission were posted online, the terrorists became aware of the surveillance and began repositioning. These kinds of leaks directly endanger operations and personnel,” a security source said.

Another source noted that online exposure of such highly sensitive military activity compromises not only Nigerian security efforts but also partner operations.

“People on social media must understand that sharing operational intelligence, especially in real time, is not content, it is sabotage. Terrorists monitor these platforms too,” the source added.

Social media users, bloggers and open-source enthusiasts must exercise restraint and avoid amplifying sensitive information that could compromise missions, or empower terrorist networks.

Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate

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Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade

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Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade

By: Zagazola Makama

The death toll from Friday’s multiple motor accident in Katsina-Ala, Benue State, has risen to nine, while four injured victims are currently receiving treatment in hospital, officials have confirmed.

The crash, which occurred on the Katsina-Ala axis, involved several vehicles after an alleged deliberate obstruction of the expressway by two members of the National Union of Road Transport Workers (NURTW).

Sources told Zagazola Makama that the two drivers – Stephen Kahungur, of Gbor community, who drove a Toyota car with registration number Benue MKD 569 TJ, and Saater Vihiga, of Ammafu Village, who drove a Toyota Carina with registration number Benue AX 896 MKD – were arrested for allegedly blocking the highway and causing the fatal chain collision.

Also arrested was the Chairman of the NURTW Katsina-Ala branch, Aja Vanger, who was said to have mobilised the suspects to block the road.

The three suspects are currently in custody.
Authorities say investigation into the circumstances surrounding the obstruction and the fatal crash is ongoing.

Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade

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Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara

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Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara

By: Zagazola Makama

Operatives of the Scorpion Squad have arrested two notorious kidnappers and armed robbers in Zamfara State and recovered three suspected stolen vehicles.

The operation, coordinated by ACP Victor O. Godfrey, was carried out on Nov. 25 following what security sources described as actionable digital reconstructive intelligence.

The suspects, Dalhatu Bashiru (aka Yellow), 38, and Chidiebere Nwadigo Emmanuel, 34, both ex-convicts, were apprehended for their alleged involvement in multiple kidnapping and car-snatching operations across several states.

Recovered from the suspects were: A black Toyota Corolla, Reg. No. JUX 578 AA, A grey Toyota Corolla, Reg. No. JUX 890 AA, an ash-coloured Toyota Camry (Pencil Light), Reg. No. APR 459 AE

According to sources, the suspects confessed to participating in several high-profile criminal operations, including the Jan. 18, 2024 abduction of Mr. Segun Akinwumi O. near Rita Lori Hotel, Garki, Abuja.

In that incident, the victim was kidnapped from his residence and taken toward Kano. While en route, the gang allegedly dispossessed him of his ATM cards in Kaduna, where ₦500,000 was transferred from his bank account.

Luck ran out for the gang after they were intercepted at a filling station in Kaduna. Three members escaped, but Chidiebere, Dalhatu (Yellow), and another suspect, now at large were identified. Their accomplice, Chinanza Philip Okoye Michael, was arrested, the victim rescued unhurt, and his vehicle recovered.

Investigations further revealed that the arrested suspects had previously been apprehended in November 2023 for similar offences and arraigned at the High Court, Kwali, but allegedly returned to crime while on court bail.

Police operatives also recovered three Beretta pistols from the suspects.

Security authorities said the suspects confessed to snatching over 20 exotic SUVs within Abuja.

Efforts are ongoing to apprehend the remaining fleeing suspect.

Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara

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