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FBNQuest Trustees Marks 40th Anniversary of preserving legacies in Nigeria

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Lagos, Nigeria – 16 September, 2019; FBNQuest Trustees Limited, an FBN Holdings company has announced the celebration of its 40th anniversary as a leading provider of world-class trust and estate planning services in Nigeria. The event themed “A Legacy that Preserves Legacies” was held on Friday, 13 September 2019 at Landmark Event Centre in Lagos

The event presented an opportunity for FBNQuest Trustees to share key insights on the importance of Corporate Trust Management, Estate Planning, and Wealth Transfer, which are crucial elements to ensuring the preservation of legacies. Dr. Omobola Johnson, Senior Partner at TLcom Capital LLP and former Minister for Communication Technology, delivered the keynote address at the event.

FBNQuest Trustees was incorporated as Standard Trustees Nigeria Limited on August 8, 1979. The company at the time was a wholly owned subsidiary of First Bank of Nigeria Limited, which was known as Standard Bank of Nigeria Limited. The name Standard Trustees Nigeria Limited was changed to First Trustees Nigeria Limited in March 1980; and in April 2014 it was renamed FBN Trustees Limited to align with the FBNHoldings group naming convention. In November, 2017 it was again re-named FBNQuest Trustees Limited to signal its membership of the FBNQuest family, and its commitment to partnering with its clients on their quest to define and achieve financial success.

FBNQuest Trustees is modelled as a representation of the forward thinking culture of the FBN Holdings Plc, to improve and develop specialised capabilities within the trusteeship, asset and fund management services of the Nigerian financial system. Today, the company specialises in providing Investment Advisory Services, Corporate, Public and Private Trust Management; and as a part of FBNQuest draws on the trailblazing spirit, and a consistent focus on excellence to deliver exceptional services to clients.

Over the past 40 years, FBNQuest Trustees has not only become a leading trust company in Nigeria, but also a key pillar in the business of trusteeship. To highlight some of its key achievements over the years, the company continues to be the preferred local partner for international and multilateral entities looking to have businesses in Nigeria, and in 2013 served as the sole bond trustee on the very first bond issued by a multilateral institution in Nigeria (International Finance Corporation (IFC) $50,000,000 fixed rate senior unsecured bond).

FBNQuest Trustees is the first trust company to publish an educative compendium on estate planning to actively engage, and educate stakeholders, on the importance of Estate Planning in Nigeria, through its Legacy Series; and is a pioneer for Islamic finance in Nigeria, which led to its co-management of the first government issued Sukuk instrument launched by the Federal Government of Nigeria in 2017. The company also partnered and organised a stakeholder engagement on Voluntary Asset and Income Declaration Scheme (VAIDS) and its implications for estate planning.

Speaking about the milestone celebration, the Managing Director and Chief Executive Officer of FBNQuest Trustees, Mr. Adekunle Awojobi, emphasised the firm’s impact on trusteeship business in Nigeria, and by extension, the economy. He said, “From when we began our journey in 1979, FBNQuest Trustees has delivered impeccable solutions for the safekeeping of our clients’ assets, the transfer of generational wealth, and the preservation of their legacies. We are extremely proud to be a part of the 125 year old legacy of First Bank of Nigeria Limited, and the rich heritage of FBNHoldings as we celebrate a 40 year track record of distinction, dependability and professionalism in the trustee business.”

“We want to thank everyone who has contributed to the growth of the company over the years, as we continue to provide excellent services to our clients. We also take this opportunity to recommit to excellently serving our clients across diverse sectors to ensure that their legacies are preserved.” He added.

In terms of growth and financial performance, the company has continuously delivered shareholder value in alignment with the mandate of the Group. From a share capital of about N30 million in 90s, the company has increased to a share capital of N3billion in 2019; and has grown its profit after tax (PAT) year on year consistently, with liquid trust assets under management in excess of N40 billion as at June 30 2019.

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Dammat Collections Rolls Out 3 Days Birthday Sales

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Dammat Collections Rolls Out 3 Days Birthday Sales

Delectable CEO of Dammat collections, Ms Joshua Damilola Elizabeth is set to make her customers happy by organizing  a mouth watering three days birthday sales.
The three days birthday sales will run from 25th day of July till 27th, July 2024. According to her, there will be price splash on items such as Blender, pot, smartwatch and lots more. Also, there are free gifts on orders above N50, 000 and giveaway at the end of the sales.
Dammat collections which is one of the reputable online stores for dignitaries is known for quality products and services.
https://wa.me/message/EBWP4XSLLWAUG1 send a DM now. Household/kitchen items, and lots more will be on massive sales, 25th-27th of July. Save the date!!!

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10 Ways to Get a Good Deal on Your Home in Nigeria by Dennis Isong

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10 Ways to Get a Good Deal on Your Home in Nigeria by Dennis Isong

 

 

 

Buying a home is one of the biggest decisions you’ll make in your life. In Nigeria, where the real estate market can be tricky, it’s important to be smart and careful when looking for a good deal. This article you are about to read will give you 10 useful tips to help you make sure you’re getting the best value for your money when buying a home in Nigeria.

1. Do Your Homework on the Area

Before you even start looking at houses, it’s crucial to learn about the area where you want to live. Different parts of Nigeria have different prices and benefits. Some areas might be cheaper but far from good schools or markets. Others might be more expensive but safer or closer to your work.

Take time to visit different neighborhoods. Walk around, talk to people who live there, and get a feel for the place.
Ask yourself:
– Is it safe?
– Are there good roads?
– How’s the electricity supply?
– Is it close to important places like hospitals, schools, or your workplace?
– What’s the community like?

2. Set a Realistic Budget

It’s easy to get carried away when you’re looking at beautiful homes, but it’s important to stick to what you can afford. Before you start house hunting, sit down and figure out your budget.

Think about:
– How much money you have saved
– How much you can borrow from a bank
– Your monthly income and expenses

Remember, buying a home isn’t just about the price tag. You’ll need to think about other costs too, like:

– Lawyer fees
– Taxes
– Repairs or renovations
– Moving costs

Make sure you have some extra money set aside for these things. It’s always better to buy a slightly cheaper house and have money left over than to spend everything on the house and struggle later.

3. Use a Trusted Real Estate Agent

A good real estate agent can be your best friend when you’re looking for a home. They know the market, they have connections, and they can help you find deals that you might miss on your own.

But be careful – not all agents are trustworthy. Here’s how to find a good one:
– Ask friends or family for recommendations
– Look for agents with good reviews online
– Check if they’re registered with the Nigerian Institution of Estate Surveyors and Valuers (NIESV)
– Meet with a few different agents and see who you feel comfortable with

4. Don’t Rush – Take Your Time
Buying a home is a big decision, so don’t feel pressured to make it quickly. Some sellers or agents might try to rush you, saying things like “This deal won’t last long!” or “Someone else is interested in buying this house!”

Don’t fall for these tricks. It’s better to take your time and make sure you’re making the right choice. Visit the house more than once, at different times of the day. This will help you notice things you might miss on a quick visit, like noisy neighbors or bad traffic at certain hours.

If you feel rushed or pressured, that’s often a sign that something isn’t right. A good deal today will still be a good deal tomorrow.

5. Get a Professional Inspection
Never buy a house without having it checked by a professional inspector. This might cost a bit of money, but it can save you from much bigger costs in the future.

An inspector will look at things like:
– The foundation of the house
– The roof
– Electrical systems
– Plumbing
– Signs of pests or termites

They might find problems that you can’t see with your own eyes. If they do find issues, you can use this information to negotiate a lower price or ask the seller to fix the problems before you buy.

6. Check All the Legal Documents

In Nigeria, it’s very important to make sure all the legal papers for the house are in order. This can be confusing, but it’s crucial to avoid problems later. Here are some key documents to check:

– Certificate of Occupancy (C of O): This shows that the government has given permission for the land to be used for housing.
– Survey Plan: This shows the exact boundaries of the property.
– Deed of Assignment: This shows that the current owner has the right to sell the property.
– Tax clearance: This shows that all taxes on the property have been paid.

It’s a good idea to hire a lawyer who specializes in real estate to help you check these documents. They can spot any problems and make sure everything is legal and correct.

7. Negotiate the Price
Don’t be afraid to negotiate! The first price the seller asks for is often not their final price.
Here are some tips for negotiating:
– Start lower than you’re willing to pay. This gives you room to go up.
– Point out any problems with the house that might lower its value.
– Be ready to walk away if the price is too high. Sometimes, showing that you’re willing to look at other houses can make the seller more flexible.
– If the seller won’t lower the price, see if they’ll include other things, like furniture or appliances.

Remember, negotiating isn’t about winning or losing. It’s about finding a price that’s fair for both you and the seller.

8. Consider the Future
When you’re buying a home, don’t just think about your needs right now. Think about the future too.
Ask yourself:
– Will this house still be good for me in 5 or 10 years?
– If I have children, will there be enough space?
– Is the area likely to improve or get worse over time?
– Could I easily sell this house if I need to move?

Buying a home that will still be good for you in the future can save you money and stress in the long run.

9. Compare Prices of Similar Homes

To know if you’re getting a good deal, you need to know what other similar houses cost. This is called “comparing comparables” or “comps” for short.

Look at houses that are:
– In the same area
– About the same size
– In similar condition

You can find this information online, through your real estate agent, or by visiting open houses in the area. If the house you want is much more expensive than similar houses, that’s a sign that it might be overpriced.

10. Trust Your Instincts
Finally, trust your gut feeling. If something feels wrong about a deal, even if you can’t explain why, it’s okay to step back and think more.

Maybe the seller seems too eager to sell quickly. Maybe the price seems too good to be true. Or maybe you just don’t feel comfortable in the house.

These feelings are important. Buying a home is not just a financial decision – it’s also an emotional one. You should feel good about your choice.

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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Rotary District 9112 Announces Plans To Plant 1000 Coconut Trees To Address Coastal Erosion

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Rotary District 9112 has announced plans to plant 1000 coconut trees to address coastal erosion in Lagos State.

Addressing a press briefing to herald its 2024/2025 rotary tree planting coastal restoration initiative scheduled to hold on July 21st 2024, in Lagos, the District Governor, Rotary International, District 9112, Rotarian Femi Adenekan, said the initiative to plant 1000 coconut trees along the coastal shores of the Atlantic Ocean, is an initiative it has taken up to protect the environment.

“We are here to prepare members of the public ahead of our event on Sunday, the 21st of July where we plan to plant 1000 coconut trees along the coastal shores of the Atlantic Ocean.

“This is an initiative we have taken up to protect us, because we often think it is to protect the environment, but we all know the environment will remain the way it is, but we are the ones changing the environment and if care is not taken, the environment would revolt against us.

“So we need to prepare ourselves against the calamity before humanity and this is why we are planting the 1000 trees along the coastal shores. We expect all members of the public to join us in this effort, but our target is to plant 10,000 trees throughout the year,” Adenekan noted.

On his part, the District Chair, Public Image Committee of Rotary International, District 9112, Mr Ehi Braimah, said the event was to discuss how to protect the environment, stating the urgent need to save the environment against the devastating impact of climate change.

“What we are doing is to focus on one of the seven areas of focus for Rotary International which is protecting the environment. We are planning to plant 10,000 seedlings of coconut, mango or any other seed all over the state, public institutions, coastal areas, private estates, schools and everywhere,” he averred.

The Chair, Tree Planting Committee, Rotary District 9112, Rotarian Gboyega Bada, said the District is determined to be strongly involved in helping to combat the challenges of climate change to have a safer and cleaner environment.

He added that the vision of the Rotary District on the tree planting for this year is achieving a safer and cleaner environment by planting 10000 seedlings of coconut, mango and other related crops that have economic, health and environmental benefits.

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