Business

Mrs. Tonto Dikeh Churchill fulfills road construction pledge to people living with disability at the disabled colony in karamajiji town, Abuja.

Published

8 years ago

December 22, 2016

Nigerian Superstar Actress, Philanthropist & President of Tonto Dikeh Foundation Mrs Tonto Dikeh Churchill who wowed for years to Keep Nigerians highly entertained using her acting prowess is now determined to continue extending her passionate hands of philanthropy to the needy passing the love round to the less privileged hand in hand, passion with passion with great dedication.

Over the years, even before getting married, Tonto has been impacting a lot via her Foundation which is a Non Profit- Non Governmental organization that is focused on advocating fr ladies molested via sexual assaults, rape and lending assistance to the needy. She also focus to help the nursing mothers making it possible for local and international organizations like UN women & Commonwealth Nations to access the funding, tools, training and support they need to become more effective and make our world a better place.

To young girls Raped and molested, The Tonto Dikeh Foundation gives hope to the young girls by providing help to them through partners depending on their individual cases. They support them during ante natal and post natal period, mentoring these young women so they can fit into the society again with a new sense of belonging and giving them a second chance in life to be great. They also help these young mothers to take care of their kids by placing the kids into special homes. They support their upkeep,feeding, education and anything a child will need to become great and most of all they give them shelter.

With all of these as her philanthropic platforms, Tonto Dike Churchill was hands on deck with her husband Mr Churchill as The Big Church Foundation (Her husband’s) organized the walk for love event which brought smiles on the faces of the less privileged. The WALK OF LOVE held on the 3rd of December 2016 bringing together dignitaries and celebrities from all around Nigeria to share, interact and give to the handicapped in Society. This Act of kindness and love had Eagle Square as the meeting point from where the walk began to the Millennium park where it all climaxed with Food, gifts, medical support and so much more for the handicapped in Society.

Mrs Tonto while giving her speech on that day, saying

” I realized the difficulties and challenges that the physically challenged people at the Karimajiji Village are facing, without a good road, Electric power supply, Potable Water, Schools and poor hygienic environment. I know these people can never function optimally. It’s disheartening to know that government can neglect a village where over 2500 physically challenged persons are living in the capital city of Nigeria (Abuja)”

As tear rolled down in torrents from her eyes, she pronounced to help them grade their major roads, pay some students school fees and will regularly pays them a visit to see how she can help to better their lives and of course to make the place popular for other noble Nigerians to give aids and better their lives.

She further stressed that she will immediately deploy all the machinery to make their life better.

The WALK FOR LOVE was indeed a true illustration of how Society should be and the spirit of the season. A case where the Rich hug the Poor, the Haves give to the Have-nots and the Celebrity reaching out to the Isolated in Society. Thumbs up to big heated & humble Mrs Tonto Dike Churchill who served the handicaps herself. Thumbs up to the foundation Manager, Mr Bunmi Fagbuyiro who coordinated all the activities.

Present at the event to share love and gifts to the Handicapped were celebrities like: Multiple award winning TV presenter and humanitarian Amb. Rachel Bakam aka Rachel the PIPER who covered all the proceedings of the day to air on her television programme TRENDS & RACHEL. Also present were: Sensational Musician Praiz, The Sweet Nollywood Aneke Twins, Actress Halima Abubakar, Screen and Comic Goddess Helen Paul, Legendary Rugged Man, Charming Emma Naira, Lyrical Bez, Nollywood A-list Actor Victor Ancrum, Trailblazing Jaywon, Dapper Mamuze twins and so many others. Also present was the female Coach who led the Nigerian team to victory at the Para-Olympics held recently.

” We are proud to let you know that work will commence on all the roads leading to Karimajiji Village from Friday 23rd and be completed on Saturday 24th of December and 25th of December 2016 will be a time to merry with the people at the disabled colony. So we use this medium to invite every body to join us as we bring smiles to the faces of the less privileged. Merry xmas and a prosperous new year to you all “ … She concluded…

This event was to commemorate the United Nations World Disability Day with the attendance of UN ambassador, Amb. Jonathan Ojadah Daniel.

Business

MICHAEL OKOH: A VISIONARY LEADER IN BANKING AND BUSINESS BY CHINEDU NSOFOR

Published

1 hour ago

November 18, 2024

Sahara Weekly

MICHAEL OKOH: A VISIONARY LEADER IN BANKING AND BUSINESS

BY
CHINEDU NSOFOR

Michael Okoh stands as a paragon of professional excellence, blending a profound educational background with over 18 years of illustrious experience in the banking sector. Armed with a Master’s in Business Administration and a Bachelor’s degree in Agriculture, Okoh has traversed diverse terrains within the financial landscape, showcasing an unwavering commitment to excellence, team success, and societal impact.

Education and Training

Okoh’s educational journey commenced at the Institute of Continuing Education in Benin City, Edo State, where he obtained his Senior School Certificate. Subsequently, he pursued his passion for agricultural science at the University of Benin, graduating with a Bachelor’s degree. His thirst for knowledge led him to the Chartered Institute of Marketing of Nigeria, where he achieved Foundation A Passed status. Over the years, he continued to hone his skills, obtaining certifications from prestigious institutions such as the Chartered Institute of Economics of Nigeria, the Tekedia Institute, and expertise in SME inputs, among others.

Professional Accolades

Throughout his career, Okoh has garnered numerous accolades, a testament to his exceptional performance and leadership. Noteworthy among these are the commendations received during his tenure at the United Bank for Africa Plc (UBA), where he consistently exceeded profit targets and spearheaded digital banking initiatives. His contributions earned him recognition as a High Achiever and a leader in customer experience enhancement. Outside the banking realm, Okoh’s expertise as a professional SME consultant and trainer was honored with the Productivity Merit Award by Timeswatch News Magazine. Additionally, his dedication to the development of SMEs in Nigeria was acknowledged by the Junior Chambers International (JCI), further underscoring his commitment to societal advancement.

Career Trajectory

Okoh’s career trajectory reflects a relentless pursuit of excellence and continuous growth. Since joining UBA in 2013, he has held pivotal roles, including work as Branch Operations Manager, Internal Control, and Internal Audit before transitioning to marketing as a Salesperson, and later as Branch Manager at various locations such as Oghara Business Office in Delta State and Ikpoba Hill Business Office in Benin City. Under his leadership, these branches experienced significant transformations, from revitalizing profitability to fostering robust customer relationships. As Profit Centre Manager and Relief Business Manager at UBA’s Sapele Road Branch and Uselu Branch respectively, Okoh demonstrated versatility in driving revenue growth, managing risk assets, and championing regional value chain initiatives. His proactive approach and strategic acumen have been instrumental in navigating challenging operational landscapes and achieving sustainable business outcomes.

Vision and Impact

Beyond his professional pursuits, Okoh’s vision extends to creating a dynamic and inclusive work environment where hard work is celebrated and rewarded. His entrepreneurial spirit, coupled with a deep-seated commitment to social responsibility, underscores his desire to make a positive difference in society.

With a relentless pursuit of excellence and a track record of success, Michael Okoh epitomizes the essence of visionary leadership in banking and business. His journey serves as an inspiration to aspiring professionals, showcasing the transformative power of dedication, integrity, and a passion for driving positive change.

society

The Role of Certificate of Occupancy in Property Valuation Method in Nigeria by Dennis Isong

Published

1 day ago

November 17, 2024

Sahara Weekly

The Role of Certificate of Occupancy in Property Valuation Method in Nigeria by Dennis Isong

In Nigeria’s real estate landscape, property valuation serves as a crucial process that determines the worth of a property for various purposes, including buying, selling, and securing loans. One significant document that plays a pivotal role in this process is the Certificate of Occupancy (C of O). This legal document, issued by the state government, confirms an individual’s right to use and occupy land for a specified period.

Understanding the interplay between the C of O and property valuation is essential for investors, developers, and homeowners alike, as it can significantly influence market perceptions and property prices.

Understanding the Certificate of Occupancy

The Certificate of Occupancy is a legal document that signifies ownership and the right to occupy land. In Nigeria, land ownership is primarily governed by statutory laws, customary laws, and the Land Use Act of 1978, which mandates that all land in urban areas is owned by the government. Thus, the issuance of a C of O is necessary to establish a legal claim over any parcel of land.

Obtaining a C of O is a comprehensive process that involves several steps, including land survey, payment of necessary fees, and completion of relevant documentation. Once issued, the C of O provides security to the landowner by guaranteeing their rights against unlawful eviction or encroachment. This security is a significant factor in property valuation. Properties with a valid C of O are generally seen as more valuable and less risky compared to those without, as the certificate signifies legal recognition and ownership rights.

C of O and Market Perception

The presence of a C of O can significantly influence market perception and the demand for a property. Properties with a valid Certificate of Occupancy are typically viewed as more desirable by potential buyers and investors. This perception stems from the legal security that a C of O provides. Buyers are more likely to invest in properties with a C of O because they have assurance that their rights are protected, and the likelihood of disputes regarding ownership is minimized.

Moreover, lenders and financial institutions often require a C of O before approving loans for property purchases or developments. A valid C of O enhances the credibility of the property, making it easier for buyers to secure financing. This accessibility to finance, in turn, can lead to increased property demand, thereby driving up its valuation. Conversely, properties lacking a C of O may be perceived as risky investments, resulting in lower valuations and reduced buyer interest. Thus, the C of O serves as a critical indicator of a property’s reliability and marketability.

C of O in the Property Valuation Process

In the property valuation process, a valuer considers various factors to determine the value of a property. These factors typically include location, size, condition, and comparable sales in the area. However, the existence of a C of O is often a prominent consideration. During the valuation process, valuers will assess the C of O to ascertain the legal standing of the property. A valid C of O not only confirms ownership but also indicates compliance with local land use regulations, zoning laws, and building codes.

Valuers may also take into account the duration of the C of O. In Nigeria, a C of O is usually granted for 99 years, and this long tenure can positively influence a property’s valuation. The security provided by a long-term C of O assures potential buyers of their rights over the property for an extended period, making it a more attractive investment. Conversely, properties without a C of O, or those with expired or disputed certificates, may be valued lower due to the inherent risks associated with such properties.

Furthermore, a C of O can impact future development potential, which is a crucial aspect of property valuation. Properties with a valid C of O are more likely to receive the necessary approvals for development or alteration, while those without may face legal hurdles. This potential for development can enhance the property’s value, as it indicates future income generation possibilities. Consequently, valuers consider the C of O as a critical factor that influences the overall worth of the property in the market.

Challenges and Implications of C of O in Property Valuation

Despite its importance, the C of O is not without challenges. The process of obtaining a C of O can be lengthy and complex, leading to delays in property transactions. In some cases, disputes over land ownership can arise, particularly in areas where customary land tenure systems are prevalent. These disputes can complicate the valuation process, as properties with contentious C of Os may be difficult to sell and consequently valued lower.

Additionally, the presence of a C of O does not automatically guarantee a problem-free investment. Factors such as environmental issues, development restrictions, or changes in land use policies can affect property value. Valuers must therefore conduct thorough due diligence, considering not only the existence of a C of O but also any associated risks or liabilities.

In conclusion, the Certificate of Occupancy plays a crucial role in property valuation methods in Nigeria. As a legal document that signifies ownership and security, it significantly influences market perception and property demand. Valuers must consider the C of O when assessing a property’s value, as it reflects the legal standing and development potential of the land. However, challenges associated with the C of O, such as ownership disputes and regulatory complexities, must also be navigated to ensure accurate valuations. For stakeholders in the Nigerian real estate market, understanding the importance of the C of O is vital for making informed investment decisions and maximizing property value.

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

Business

10 Benefits of Joint Property Ownership in Nigeria by Dennis Isong

Published

1 day ago

November 17, 2024

Sahara Weekly

10 Benefits of Joint Property Ownership in Nigeria by Dennis Isong

Owning property together with someone else can be a smart move in Nigeria. This is called joint property ownership. Let’s look at ten good reasons why people choose to own property together in Nigeria.

1. Sharing the Cost

Buying property in Nigeria can be very expensive. When you own property jointly with someone else, you can split the cost. This makes it easier for many people to become property owners.

Imagine you want to buy a house that costs 20 million Naira. If you buy it alone, you need to pay the full 20 million. But if you buy it with a friend, you might only need to pay 10 million each. This makes it much easier to afford the house.

Sharing the cost doesn’t just help when you’re buying the property. It also helps with other expenses like:

– Repairs and maintenance

– Property taxes

– Insurance

When you share these costs, owning property becomes less of a financial burden.

2. Easier to Get Loans

Banks and other lenders often prefer giving loans to joint property owners. This is because there’s less risk for the bank when there’s more than one person responsible for paying back the loan.

If you apply for a mortgage loan alone, the bank might worry about your ability to pay it back. But if you apply with a co-owner, the bank sees that there are two incomes to rely on for repayment. This can make it easier to get approved for a loan and might even help you get better loan terms.

3. Sharing Responsibilities

Owning property comes with many responsibilities. When you own property jointly, you can share these tasks with your co-owner. This can make property ownership less stressful and time-consuming.

For example, if the property needs repairs, one owner might handle finding a good contractor while the other deals with the paperwork. If it’s a rental property, one owner could handle finding tenants while the other manages the finances.

Sharing responsibilities can lead to better property management because each owner can focus on what they’re best at.

4. Potential for Higher Returns

When you pool resources with a co-owner, you might be able to invest in better properties. These properties often have the potential for higher returns, either through rental income or when you sell the property later.

For instance, you and your co-owner might be able to afford a property in a prime location that you couldn’t buy alone. Properties in good locations often increase in value faster than those in less desirable areas.

5. Risk Sharing

Property ownership always comes with some risks. These might include:

– The property losing value

– Unexpected repair costs

– Legal issues

When you own property jointly, you share these risks with your co-owner. This can make the risks feel less overwhelming. If something goes wrong, you’re not facing the problem alone.

6. Tax Benefits

In Nigeria, there can be tax advantages to joint property ownership. For example, if the property generates income (like rent from tenants), the tax burden is split between the owners. This might put each owner in a lower tax bracket than if they owned the property alone.

It’s important to note that tax laws can be complicated and change over time. It’s always a good idea to talk to a tax expert about your specific situation.

7. Estate Planning Advantages

Joint property ownership can make things easier when it comes to inheritance. In many cases, when one owner dies, their share of the property automatically goes to the other owner(s). This is called the “right of survivorship.”

This can simplify the process of passing on property to heirs. It can help avoid some of the complications and delays that often come with settling an estate.

8. Flexibility in Ownership Structure

There are different ways to structure joint property ownership in Nigeria. You can choose the structure that works best for your situation. Some common options include:

– Joint Tenancy: All owners have equal rights to the property.

– Tenancy in Common: Owners can have unequal shares of the property.

– Partnership: Often used for business properties.

This flexibility allows you to set up the ownership in a way that’s fair and makes sense for everyone involved.

9. Learning Opportunities

When you own property with someone else, you have the chance to learn from each other. Your co-owner might have skills or knowledge that you don’t have.

For example, one owner might be good at negotiating with contractors, while the other is skilled at budgeting and financial planning. By working together, both owners can learn new skills and become better property managers.

10. Social and Emotional Benefits

Owning property together can strengthen relationships. Whether you’re co-owning with a family member, friend, or business partner, working towards a common goal can bring people closer together.

There’s also an emotional benefit to knowing that you’re not alone in this big financial decision. Having someone to share the ups and downs of property ownership with can make the experience more enjoyable.

Things to Keep in Mind

While joint property ownership has many benefits, it’s important to be careful when choosing this option. Here are a few things to consider:

– Choose your co-owner wisely. Make sure it’s someone you trust and can work well with.

– Have a clear agreement. Write down how you’ll share costs, responsibilities, and profits.

– Plan for the future. Discuss what will happen if one owner wants to sell their share or can’t pay their part.

– Get legal advice. A lawyer can help you understand all the legal aspects of joint ownership.

Joint property ownership in Nigeria can be a great way to get into the property market, share costs and responsibilities, and potentially earn better returns. It offers financial benefits, practical advantages, and even social and emotional rewards.

However, it’s not a decision to be taken lightly. It’s important to carefully consider your options, choose your co-owner wisely, and set up a clear agreement. With the right preparation and partner, joint property ownership can be a rewarding experience that helps you achieve your property ownership goals in Nigeria.

Remember, every situation is unique. What works well for one group of co-owners might not be the best choice for another. Always consider your own circumstances and goals when deciding whether joint property ownership is right for you.