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Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong

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Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong

Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong

 

 Investing in a beachfront property in Lagos can be an exciting opportunity, offering the allure of breathtaking views, recreational activities, and potential financial gains. However, it is crucial to approach such a purchase with careful consideration. Lagos, Nigeria’s vibrant coastal city, presents a range of options, and understanding the factors to look out for will help you make an informed decision.

 

Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong

 In this article, we will explore essential aspects to consider when buying a beachfront property in Lagos.

 

  • LOCATION AND ACCESSIBILITY: The location of the beachfront property plays a vital role in its value and desirability. Consider factors such as proximity to the city center, transportation links, and accessibility to amenities like hospitals, schools, and shopping centers. A property with convenient access to major roads and infrastructure will not only enhance your lifestyle but also increase its long-term investment potential. 

 

  • SECURITY AND SAFETY: Ensure that the beachfront property you are considering is situated in a safe and secure neighborhood. Research the local crime rates and consult with locals to gauge the overall safety of the area. Additionally, consider any potential risks associated with natural hazards like coastal erosion, flooding, or storm surges. Adequate security measures and precautions are essential for protecting your investment and ensuring peace of mind.

 

  • LEGAL COMPLIANCE: Before making any purchase, thoroughly research the legal aspects of acquiring a beachfront property in Lagos. Ensure that the property has the necessary title documents, such as a Certificate of Occupancy (C of O) or a Governor’s Consent. Engaging the services of a competent real estate lawyer or professional can help you navigate the legal complexities and ensure a transparent transaction. 

 

  • INFRASTRUCTURE AND UTILITIES: Evaluate the availability and reliability of essential infrastructure and utilities. Check for a consistent water supply, electricity, sewage systems, and internet connectivity. Reliable infrastructure and utilities will enhance your comfort and make the property more attractive to potential renters or buyers in the future. 
  • ENVIRONMENTAL IMPACT: Consider the environmental impact of the property. Lagos’ coastline faces challenges like coastal erosion and pollution. Conduct an environmental assessment to determine if any mitigating measures are in place. Proximity to industrial areas, waste disposal facilities, or other potential sources of pollution could affect the quality of life and long-term value of the property.

 

  • FUTURE DEVELOPMENT PLANS: Research any future development plans for the area surrounding the beachfront property. Upcoming infrastructure projects, such as new roads, hotels, or recreational facilities, can positively impact property values. However, it is crucial to strike a balance between the potential for development and preserving the natural beauty and tranquility of the beachfront. 

 

  • FINANCIAL CONSIDERATIONS: Determine your budget and assess the financial implications of the investment. Consider not only the purchase price but also additional costs such as property taxes, maintenance fees, insurance, and potential renovations. Moreover, factor in the potential return on investment if you plan to rent out the property or sell it in the future.

 

  • INSURANCE AND RISK MANAGEMENT: When purchasing a beachfront property, it is essential to consider insurance coverage and risk management. Beachfront properties are more susceptible to natural disasters such as hurricanes, storms, and flooding. Verify whether the property is located in a designated flood zone and inquire about the availability of comprehensive insurance coverage against such risks. Engage with insurance professionals to understand the cost of premiums and the coverage provided, ensuring you have adequate protection for your investment.

 

  • MAINTENANCE AND UPKEEP: Maintaining a beachfront property requires special care and attention due to the corrosive effects of saltwater, wind, and sand. Consider the maintenance requirements and costs associated with owning a beachfront property. This includes regular upkeep of the exterior, such as repainting, waterproofing, and maintaining the landscaping. Ensure that you have a plan in place for ongoing maintenance to preserve the property’s value and attractiveness. 

 

  • COMMUNITY AND AMENITIES: Explore the community and amenities surrounding the beachfront property. If you plan to use the property for personal enjoyment or as a vacation rental, consider the availability of recreational activities, dining options, shopping centers, and entertainment venues in the vicinity. A vibrant community with desirable amenities will enhance the overall experience and potential rental income.

 

  • MARKET TRENDS AND POTENTIAL FOR APPRECIATION: Study the real estate market trends in Lagos and assess the potential for property appreciation. Historical data on property values in the area can provide insights into the property’s investment potential. Consider factors such as planned infrastructure development, government initiatives, and overall economic growth to gauge the long-term value appreciation of the beachfront property. 

 

  • CONSULT PROFESSIONALS: Engage with trusted professionals who can provide expert guidance throughout the buying process. Real estate agents who specialize in beachfront properties in Lagos can offer valuable insights and help you find the right property that aligns with your requirements. Additionally, consult with lawyers, financial advisors, and property inspectors to ensure a smooth and secure transaction. 

 

Dennis Isong is a TOP REALTOR IN LAGOS. He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

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GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions

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*GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions*

By Osho Oluwatosin

The internet has literally been on ‘fire’ since Friday following the arrest of self-acclaimed Nigerian activist, Martins Vincent, also known as Very Dark Man. He was reportedly picked up by the Economic and Financial Crimes Commission (EFCC) for reasons yet unknown.

While it’s not the first time VeryDarkMan or any prominent Nigerian would be arrested by the EFCC — a government agency not under the authority of any private organization — it seems some Nigerians are passionately trying to push a narrative that his arrest was orchestrated by one of Nigeria’s biggest financial institutions, Guaranty Trust Holding Company (GTCO).

Although this narrative isn’t far-fetched — VDM had criticized the bank due to ‘mysterious’ deductions from his mother’s bank account for unjustifiable reasons. He approached the bank’s branch in Abuja to make an official complaint and, afterwards, he was picked up by the EFCC. But what many Nigerians have failed to realize is GTCO may not even be involved in his arrest.

VeryDarkMan was seen in the bank, quite alright, but in a CCTV released by the bank, he was seen moving out of the bank when he finished. He even had a celebrity moment with some of his followers who took pictures with him before he was arrested. So I’m wondering, what has GTB got to do with his arrest? That someone got knocked down by a vehicle after leaving church, does it mean the church orchestrated the accident? That someone got attacked after leaving a lecture room, does it mean the lecturer orchestrated it? That someone even got attacked in a courtroom, does it mean the judge orchestrated it? Absolutely not.

Although it would have been better if the EFCC had come out to clear the air regarding the reason for VDM’s arrest, because in the absence of information, rumours are bound to thrive. In fact, the commission should have actually released a statement regarding these rumours, not to vindicate GTB, but to keep Nigerians informed.

Let’s even think about it logically: what can warrant GTCO to order VDM’s arrest by the EFCC? Did he defraud GTCO? Did he steal from a GTB customer? Did he launder money through a GTB account? These are questions that should be asked before passing judgments. But Nigerians are always emotional when it comes to issues like this, and that’s why people who are culpable in serious crimes get away with anything as long as they get involved in charity or activism.

GTCO has been a very friendly organization, and in 2024 alone, the bank paid a record dividend of N8 per share. The bank is happy, shareholders are happy, customers are happy — who is Very Dark Man?

Osho Oluwatosin is a Nigerian journalist and writes from Lagos.

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

In February of this year, I needed to open a new bank account for salary purposes, as required by the management of the new company I had just joined.

I considered First Bank, Access Bank, and Sterling Bank. After some thought, I chose Sterling Bank—not because I found them superior—but because I believed they had fewer customers, which I hoped would save me from long queues and unnecessary delays.

I visited the Sterling Bank branch at Akowonjo to open the account. Unfortunately, the staff member who attended to me didn’t inspire confidence. She appeared distracted—smiling at her phone, clearly engrossed in a private chat—far from the level of professionalism one would expect in a bank setting. I had a feeling this would lead to problems down the line.

 

When my first salary was paid into the account, my suspicion was confirmed. Sterling Bank restricted access to my funds—I couldn’t transfer money or make withdrawals at the counter. I visited their Fatai Atere branch at Ladipo, Mushin to complain, where I was informed that the account opened for me was a “Kaikai” account—a type I had never heard of. Apparently, this account type is meant for individuals who lack the required documents during account creation. But I had submitted all necessary documents, so why was such an account opened for me?

Can We Have More Bankers Like Victoria Mulero? An epitome of 'omoluabi'

At the Fatai Atere branch, I was attended to by a remarkable banker named Victoria Mulero. She requested my NIN, which I didn’t have on me at the time. Rather than send me back home, she asked if I had a digital copy. I did, and she graciously gave me her email address so I could forward it to her. With that, she resolved the issue promptly and professionally.

However, the following month, in March, the same restriction happened again. I returned to the Fatai Atere branch, and once again, Victoria Mulero handled my complaint with efficiency and kindness, resolving it without delay.

I hoped the matter was finally settled, but when my April salary arrived, the restriction was imposed yet again. This time, I was beyond frustrated and ready to replace Sterling Bank as my salary account. Still, I visited the Fatai Atere branch one last time. Once more, Victoria Mulero resolved the issue with grace and determination.

This write-up is a tribute to Victoria Mulero of Sterling Bank, Fatai Atere branch. She is a rare gem—respectful, diligent, and genuinely customer-focused. She went above and beyond, following up with the Akowonjo branch through calls and emails until the matter was fully resolved. She handled every situation with patience and empathy, treating the job as if the bank belonged to her family.

To be honest, I’ve had unpleasant experiences with many bankers, especially female staff. Too often, they carry personal frustrations into the banking hall and take it out on customers. But Victoria is different. She exemplifies what true customer service should be.

We may not all be the same, but treating people with respect and kindness is a skill that can be learned—and Victoria clearly has. Let’s celebrate her for being a model professional and a beacon of hope in an industry that too often lacks empathy.

Without any fear of contradiction, I say boldly that Victoria Mulero is a good ambassador of Sterling Bank and her parents too deserve encomium for raising a well trained daughter and impacting an attitude of ‘ omoluabi’ in her. We need more of Victoria Mulero in our banking industry.

Seun Jacob Ogunbiyi
Known as Olùkọ́, the therapeutic writer and Lagos based journalist

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Air Peace Airlines’ failure to adhere to scheduled departure times results in prolonged delays …causing undue hardship for Nigerians on board

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Air Peace Airlines' failure to adhere to scheduled departure times results in prolonged delays ...causing undue hardship for Nigerians on board ~Oluwaseun Fabiyi

Air Peace Airlines’ failure to adhere to scheduled departure times results in prolonged delays
…causing undue hardship for Nigerians on board

~Oluwaseun Fabiyi

Traveling is undoubtedly the most effective form of education, enabling individuals to observe human quirks from diverse perspectives

On Saturday, 3rd May 2025, an Air Peace Airlines flight from Akure Airport was delayed, causing undue inconvenience to a Nigerian traveller and a prominent Nigerian man of God, an unfortunate incident that befell the nation’s citizens

Does Nigerian law consider it a criminal offense for travelers to book flights with Air Peace, a leading Nigerian airline, instead of other airlines that fail to depart on schedule, such as remaining at 10am instead of departing at 10am? Certainly, some Nigerian citizens may opt to travel with airlines like Arik, Aero, Dana, rather than Air Peace.

Air Peace Airlines' failure to adhere to scheduled departure times results in prolonged delays
...causing undue hardship for Nigerians on board
~Oluwaseun Fabiyi

It is evident that many Nigerians actually believe Air Peace airline came to rescue Nigerians from the subpar fly-and-die experience of other airlines, such as Dana, which is why many have fallen in love with Air Peace Airlines’ domestic operations

 

Air Peace Airlines’ decision to reschedule a 12:00 flight from Akure in Ondo State to 3:00 on Saturday, 3rd May 2025, has been met with disappointment from some affected Nigerian passengers, who deem this change unreasonable and unjustified.

Nigeria is hindered by self-imposed challenges that impede our collective advancement. I remain optimistic that future leadership will emerge, focusing on nuanced details that cumulatively enhance the lives of citizens, including access to housing, affordable food, petrol, quality healthcare, and a decent standard of living. The fact that we produce rice, only to have its price inflated by some, thereby rendering it unaffordable, is a pressing concern

It is baffling to me why some people or airlines deliberately provide poor services, causing undue hardship for their passengers, without taking the courtesy to apologize

How can passengers ensure they arrive at Akure Airport by 10 a.m. to catch a 12 p.m. flight from Akure to Lagos and complete check-in as usual

Only for them to fall victim to an extremely harrowing experience. The first indication was the outrage of a passenger at the Nigeria Air Peace counters. He yelled at the ticketing officials that his time had been wasted by three hours and demanded to be refunded his money, as his business was equally affected.

The scene was remarkably congested, and indeed there was an exceedingly large number of passengers traveling to Lagos on this particular Air Peace flight.Which none of them can comprehend what could cause a delay from 12 O’clock to 3:15 pm, without considering individuals with an assignment or occasion in Lagos, is so crazy and devastating.

*How Passengers suffer through endless delays waiting for Air Peace aircraft.*

Accordingly, they embarked on an extended wait after Air Peace notified them that the flight had been postponed by an hour. Ultimately, the delay proved to be three hours, with the flight arriving at 3:30 pm, followed by the commencement of boarding procedures

On a final note the Nigerian aviation industry, including airlines, can certainly improve their treatment of fellow Nigerians

Onboard passengers display concern and raise eyebrows.

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