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NIGERIA’S REAL ESTATE MARKET: A SMART MOVE OR A RISKY GAMBLE FOR INVESTORS? BY Dennis Isong

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NIGERIA'S REAL ESTATE MARKET: A SMART MOVE OR A RISKY GAMBLE FOR INVESTORS? BY Dennis Isong

NIGERIA’S REAL ESTATE MARKET: A SMART MOVE OR A RISKY GAMBLE FOR INVESTORS? BY Dennis Isong

 

 

Felix was a savvy businessman with a keen eye for investment opportunities. One day, he heard about the growing Nigerian economy and the potential for real estate development in the country.

 

 

 

NIGERIA'S REAL ESTATE MARKET: A SMART MOVE OR A RISKY GAMBLE FOR INVESTORS? BY Dennis Isong

 

 

 

 

Felix did his research and discovered that Nigeria’s population was rapidly expanding, and there was a shortage of housing to accommodate the growing population. He saw this as a huge opportunity to invest in real estate development in the country.

 

 

 

 

 

 

 

 

 

Without hesitation, Felix invested a significant portion of his savings into a real estate project in Nigeria. The project involved building new homes and apartments in a rapidly developing area of the country.

 

Despite some initial setbacks and challenges, Felix’s investment paid off in the long run. The demand for housing in Nigeria continued to increase, and the value of Felix’s properties appreciated significantly. He was able to sell some of the properties at a huge profit, while renting out the others for a steady stream of passive income.

 

Throughout the process, Felix had been very smart, doing proper due diligence, researching the market and builder reputation, which made sure his investment was in the right hands and well-informed.

 

Years later, as he looked back on his decision to invest in real estate in Nigeria, Felix couldn’t help but smile. He had not only made a significant financial return on his investment, but he had also played a small part in helping to meet the housing needs of the growing Nigerian population. And he never regreted his decision to invest in Nigerian real estate.

 

WHAT ARE THE POTENTIALS?

 

  1. Potential for high returns: Investing in real estate in Nigeria, especially in cities like Lagos, can offer investors the potential for high returns on their investment.

 

  1. Appreciation of property value: Property values in Lagos and other major Nigerian cities have been steadily increasing over time, which can lead to significant appreciation in the value of a real estate investment.

 

  1. High demand for rental properties: There is a high demand for rental properties in Lagos, making it a good opportunity for investors to earn passive income through rental income.

 

  1. Access to professional real estate services: By working with a reputable realtor in Lagos, investors can access professional real estate services such as property management, market analysis, and legal support.

 

  1. Diversification of investment portfolio: Investing in real estate in Nigeria can provide investors with the opportunity to diversify their investment portfolio, thereby reducing their overall risk exposure.

 

 

  1. Tax benefits: As a real estate investor in Nigeria, you may be eligible for various tax deductions and credits, which can help to reduce your overall tax liability and increase your investment returns.

 

  1. Stability: Real estate investments tend to be relatively stable compared to other types of investments. This can provide a sense of security for investors, knowing that their investments are not likely to fluctuate as much as stocks or other forms of investments.

 

  1. Leverage: Real estate investments can be leveraged, meaning that you can use a smaller amount of your own money to control a larger property. This can allow you to gain greater returns on your investment, but also increases the risks involved.

 

  1. Forced savings: Real estate investments require regular payments, such as mortgage payments or rent, which can help investors to save money over time.

 

  1. Local knowledge: Working with a local realtor in Lagos can give you an inside knowledge and understanding of the local market trends, which can help you make better investment decisions.

 

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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Alleged Manipulation of Defilement Case Sparks Call for Review of Legal Advice in Lagos

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Alleged Manipulation of Defilement Case Sparks Call for Review of Legal Advice in Lagos

By Ifeoma Ikem

 

A legal controversy has emerged in Lagos following a petition seeking a review of a legal advice issued in a case involving two female teachers accused of negligence in a child injury incident at a nursery school in Ikorodu.

The petition, submitted by Crown Cannan Attorneys, urges the Lagos State Ministry of Justice to reconsider the legal advice issued on September 16, 2022, in the case titled Commissioner of Police vs. Ambassador Rukayat Tobiloba and Rukayat Lawal.

Addressed to the former Lagos State Attorney-General and Commissioner for Justice, Moyosore Onigbanjo, the application argues that the legal advice may have been influenced by what the petition describes as a “deliberate manipulation of facts.”

According to counsel representing the defendants, the allegations stem from an incident that allegedly occurred on October 26, 2021, at Great Kezino Nursery and Primary School located in the Adamo area of Ikorodu, Lagos.

The defendants, Ambassador Rukayat Tobiloba, 26, and Rukayat Lawal, 24, were reportedly the class teacher and assistant class teacher respectively in charge of a Nursery One class where the incident occurred.

Court documents indicate that a three-year-old pupil, identified as Victim A, was reportedly injured after another pupil allegedly pierced a pencil into her private part during school hours.

The prosecution claims the incident occurred due to the failure of the teachers to exercise adequate care and supervision over the children under their custody.

Based on this allegation, the two educators were charged with negligence under Section 252 of the Criminal Law of Lagos State, 2015, which addresses acts that may cause harm through lack of proper care.

The defendants were subsequently arraigned before Magistrate Court No. 2 in Ikeja on April 19, 2022, where they faced a one-count charge relating to the incident.

During the investigation conducted at the Gender Unit of the Lagos State Police Command in Ikeja, several civil society groups reportedly monitored the proceedings.

Among them were representatives of the African Women Lawyers Association (AWLA) and other non-governmental organizations.

These groups reportedly raised concerns about what they described as a growing tendency to weaponise allegations of child abuse in ways that could unfairly damage reputations and careers.

In its petition, the defence team argued that the case deserves a fresh review to ensure that justice is served based on verified facts rather than assumptions or public pressure.

They urged the Ministry of Justice to carefully reassess the legal advice and the circumstances surrounding the investigation to determine whether the prosecution should proceed as currently framed.

Legal observers say the outcome of the requested review could determine the next stage of the case and may also highlight broader concerns about investigative procedures and child protection cases within the justice system.

Reacting to a viral social media post by Ambassador Rukayat Tobiloba, who claimed she might be jailed for defilement, the head teacher of Great Kezino Nursery and Primary School, Mrs. Edaolaropin Toyin, provided the school’s account of events.

According to her, the pupil identified as Victim A was enrolled in the Nursery One class on September 20, 2021, which had about 15 pupils.

She explained that on October 26, 2021, the pupil was transported home on the school bus after closing hours and handed over to her father around 4:30 p.m.

“Later that night, the pupil’s mother allegedly contacted the head teacher, claiming her daughter cried while bathing and alleged that a male classmate, Victim B, had inserted a pencil into her private part during school hours,” she said.

The school, however, rejected the allegation, maintaining that no such incident occurred while the child was in its custody.

“The following morning, the teacher visited the pupil’s home, where the father reportedly denied the mother’s account of the incident,” Toyin added.

She said the situation escalated later that day when the child’s parents arrived at the school with police officers from Imota Police Station demanding that the alleged male classmate be produced.

The head teacher further stated that the school management had supported Tobiloba throughout the legal process.

“Since the incident happened, the school management has never stopped supporting Tobiloba’s welfare until last year when she sent a WhatsApp message saying she was no longer interested in the court matter, claiming she had relocated to Ibadan,” she said.

She described the claims currently circulating on social media as “defamatory narratives.”

 

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GEN CG MUSA SUPPORT INITIATIVE MOURNS FALLEN HEROES AND URGES UNITY IN SECURITY SUPPORT

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*GEN CG MUSA SUPPORT INITIATIVE MOURNS FALLEN HEROES AND URGES UNITY IN SECURITY SUPPORT

 

The Gen Christopher Gwabin Musa Support Initiative (GCGMSI) expresses its heartfelt condolences to His Excellency Gen Christopher Gwabin Musa OFR, Minister of Defence of the Federal Republic of Nigeria, Grand Patron of the Initiative, and the families of the fallen heroes who courageously lost their lives in a recent attack by ISWAP in Konduga, Marte, Jakana, and Dalori in Borno State, northeast Nigeria. Among the tragic losses were three senior military commanders: Major U.I. Mairiga, Lt-Col Umar Faruq, and Lt-Col S.I. Iliyasu, who dedicated their lives to the service of our nation.

The GCGMSI implores the public to continue supporting our security agencies, emphasizing that the safety and security of our nation is a collective responsibility. Every day, our security forces pay the ultimate price to safeguard our country. We urge the public to remain supportive, pray for their success, and refrain from politicizing the security challenges we face.

This was contained in a statement signed by the Convener, Ibrahim Dahiru Danfulani Sadaukin Garkuwan Keffi/Betara Biu, which has been made available to the press. The statement highlights the initiative’s profound concern for the losses sustained by our security personnel and reflects on the broader security situation in Nigeria.

In his unwavering commitment to addressing the insecurity plaguing our nation, the Minister of Defence, Gen Christopher Gwabin Musa, has consistently engaged in urgent meetings with service chiefs, reinforcing strategic plans to combat threats and enhance national security. His leadership and decisive actions demonstrate a dedication to restoring peace and stability across our regions, ensuring a safer environment for all Nigerians.

GEN CG MUSA SUPPORT INITIATIVE MOURNS FALLEN HEROES AND URGES UNITY IN SECURITY SUPPORT

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SECURITY IS A SHARED RESPONSIBILITY: BACKING OUR MINISTER OF DEFENCE GEN. CHRISTOPHER GWABIN MUSA OFR

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SECURITY IS A SHARED RESPONSIBILITY: BACKING OUR MINISTER OF DEFENCE GEN. CHRISTOPHER GWABIN MUSA OFR By Ibrahim Dahiru Danfulani

SECURITY IS A SHARED RESPONSIBILITY: BACKING OUR MINISTER OF DEFENCE GEN. CHRISTOPHER GWABIN MUSA OFR

By Ibrahim Dahiru Danfulani

 

In these challenging times, it is essential for all Nigerians to rally behind our leaders, particularly His Excellency Gen. Christopher Gwabin Musa OFR, the Minister of Defence. The security of our nation is not a matter to be taken lightly or politicized. Gen. Musa, recognized for his unwavering dedication and sacrifice, has served our country commendably throughout his life.

Following the recent reshuffle of service chiefs by President Asiwaju Bola Ahamed Tinubu GCFR, which resulted in Gen. Musa’s retirement as Chief of Defence Staff, many voiced their concerns. Yet, upon his appointment as Minister of Defence, there was a renewed sense of hope among the populace. Gen. Musa has embraced his role with an unwavering commitment, often sacrificing his rest to ensure the safety and security of our great nation.

While it is undeniable that Nigeria faces security challenges, we must approach these issues with unity rather than division. It is crucial to recognize that those who politicize our national security are often those who have not contributed positively to the success of our security agencies. Instead of spreading negativity, we should support Gen. Musa in his mission to restore peace and stability.

SECURITY IS A SHARED RESPONSIBILITY: BACKING OUR MINISTER OF DEFENCE GEN. CHRISTOPHER GWABIN MUSA OFR

By Ibrahim Dahiru Danfulani

To achieve our collective goal of a secure Nigeria, we must provide Gen. Musa with the trust he deserves. His vision and determination, paired with our support and prayers, can pave the way to overcoming the challenges we face. It’s time for every Nigerian to put aside political differences and work together for the common good. Let us have faith in our leaders and trust in Gen. Musa’s ability to steer our nation towards safety and security.

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