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Pennak CEO Proffers Solution For Housing Deficit in Nigeria*

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Mr Tolulope Adepena, a design and building construction expert, is also the CEO of Pennak Nigeria Limited, a leading provider of innovative infrastructure projects and services.He is into design and building of various commercial buildings, residential buildings, hospitals and malls

In this interview, Adepena identified the need for sustainability in tackling Nigeria’s housing crisis. He also spoke on frequent building collapse, sustainable solutions to tackle Nigeria’s worsening housing deficit, among other issues.

Excerpts.

 

What inspired your focus of going into building construction?

What inspired me was the fact that we have a lot of engineers and developers who overcharge and under deliver, so I’m trying to bridge the gap whereby we can deliver something worth the budget to a client within the construction industry in Nigeria. We’ve had serious cases of building collapse in this country, and a lot of people would say that most of the building experts cut corners and keep building materials.

 

Do you agree with that?

I don’t think any building material is that cheap. I just feel like they don’t follow building regulations, and that’s a problem. Most of the materials supplied in the country are well tested, so I think that by not following the regulations, they’re adding more flaws to projects. So we must avoid such kinds of problems. Also, we have some old buildings, many buildings in this country that are supposed to be demolished.

 

How many years do you think a house should be on top of the soil?

It depends on the substructure.Some are built to last for a while, and some are to last for about 25 to 30 years. It depends on the engineer and what they used for the substructure.

 

Can you tell us the major landmark project that your company has done?

As a professional, I’ve been in this business for 10 years. For my company, Pennak Nigeria Limited, we’ve been here for seven years. We have done series of landmark projects. We have the interior design part of our company that does designs for fashion stores, we have our construction projects that are done on Lekki-Epe expressway at the moment. We have some landmark projects in Abuja, we’ve worked with GTBank, we’ve worked with Alat by Wema Bank, and a lot of them.

 

Can you tell me more about the landmark projects?

As a design company, we do some interior design projects, we partner some other parent companies, we come in as project managers for them, So they contract the project to us. We have a series of projects including hospitals and police stations that we’ve carried out.

 

Can you tell me about your experts who help to set the design of the house and implement it?

For execution of projects, we have the main man on site—the project manager, we have subcontractors who handle the mechanical, electrical and plumbing part of each project, we have our interior designers, who position the project from the scratch, paying attention to every detail, we also have the site managers, people that manage; we also have our safety regulatory compliance, and we also have our security in place to make sure that everything is going on well.

 

What are the major mandates you give to clients who intend to carry out building projects?

We’ve worked in about eight states in Nigeria. Let’s talk about working in Lagos. So, you just need to have your land, and your documents in place.

What are your deliverables for your clients, and what are their expectations?

They try to expect functionality in projects. We’re accountable to that aspect, making sure that each segment of the project functions properly, following the expectations of what you have proposed to them in the first place. Our interior designers make sure that the functionality goes in line with the beauty of the place.

 

When you take in a project, what is your approach towards ensuring customer satisfaction?

At Pennak, we call it 4E’s —Expectation, Education, Elementary design, and Execution. We understand the client’s expectations based on the purpose of their structure. We educate the clients on the realities of what they can achieve. We develop the elementary design which gives you a thorough walkthrough. We call it elementary design because it is subject to change during the final stage

 

What do you consider before going into commercial mall construction?

Commercial mall construction is a different type of complex design that you have to consider a lot of things. We work closely with our teams to avoid a lot of mistakes that some companies make in the course of constructing a mall. We’ve seen a lot of abnormalities with a lot of building construction experts. Some are saying that there are lots of people who are not professional, and into building construction, and that is why we have a lot of building collapse records in Nigeria.

 

How do you advise a client who wants to carry out a building project?

They need to do their background check. The client will need to know the right company to work with, depending on their capacity, and what to work with. This is very important because some companies do not have the right team to execute the project for you. It is also vital to procure most of the materials that will be needed for the project before commencing the project.

 

How do you cope with the high cost of materials?

The high cost of materials affects construction projects. Sometimes, we buy most of our materials down before commencing projects because there are very important items. So, when our clients are in need, we resell for the old price, not the current price.

 

What are the amenities that you prioritise in your housing development?

Good road for accessibility is very important. Power and water are also vital. They are the most important amenities, as they engineer the whole house, and make it very functional, especially if it’s a commercial project.

 

What are the key things that attract your customer to you?

I will mention our detailing, good communication skills with our clients, and also the delivery. We work with elementary designs where we give our clients proper walk through of what their expectations should be.

 

Do you see commercial malls playing a major role in community development?

Yes. A commercial mall makes a community more vibrant. There are many activities going on there, people want to see various things. So, I believe it is part of development.

 

What do you see as the biggest challenge facing the real estate industry in Nigeria today?

Inflation is the major challenge. The inflation had caused some level of delays in projects. There’s no stable price, and it is really hindering development as well.

 

How do you cope with the inflationary pressure?

We have our teams, accountants, and proe that can foresee. We have our storage where our clients can buy items at affordable prices which helps to facilitate the execution of projects.

 

Do you handle projects that have to do with international standards such as smart housing?

Yes, we do. We are trying to attain a goal using the international standard. We handle smart housing for most of our residential buildings to ease power challenges, and make life easier for our clients.

 

What is your advice to the government on how to improve the housing deficit issue in Nigeria, and the real estate sector?

I would like to advise the government by saying that they can partner with construction companies like ours to give advice, sustainability, and a better approach to building houses in Nigeria, seeing that we have a beautiful vision for the future of the country.

 

What other things do you bring to play when you’re doing your building projects?

We use up-to-date material, we have the ability to bring something out of nothing, I believe that is why most of our clients love to work with us.

 

Apart from your work as a construction engineer, how do you spend your leisure time? Do you have time for your family at home?

Yes, I do. God first, the family. So, I have to be healthy, and also create time for watching football, that is my hobby. I read also, I study a lot of things, I like to know how things are possible, and how to achieve things.

 

How do you adhere to fire and safety regulations when you are doing your building construction?

We provide fire alarms, and also follow the safety and regulatory system of the building, to make sure everything is safe.

 

Do you compare your projects to the smart house technology, or according to the taste of the clients?

Most of the time, we advise our clients to do it, but most of our residential building projects are smart homes.

 

As a role model to lots of people, what advice will you give to youths on how to improve and impact on their lifestyle?

I will advise the youths to find a passion or a direction and keep working on it. It might not be a passion to you, but if it’s what you can do very well, keep working on it, and with time, you will reap the fruit of your labor.

 

What are your future plans?

My future plans are quite broad. We would like to expand and spread our reach to other African countries. We are trying to build something different in another dimension.

 

When you’re painting a house, what comes into your mind?

What comes into my mind is the quality of the wall; let people see the wall, and smile.

 

Can you compare the wall designs we have in Nigeria to the ones we have in Great Britain, and America?

Yes, and we have good engineers that can do that.We are doing very solid ones in Nigeria with integrity.

 

Do you believe that we can do better furniture than we import from other countries?

Yes. I have seen better designs. We just need people with the right skills with great supervisors to work on it. We are even doing it already. That’s the magic to it.

 

How much do you think is required to build a

standard bungalow of two bedrooms, two sitting rooms, and a bit of spacious garden in Nigeria today?

Considering the state of the economy, let’s say about thirty-something million naira, exclusive of land, to get that done right.

 

How do you convince me to patronize you?

Your building is your investment. Working with us is a way of giving a proper return on investment. You will make good returns because of the functionality. We have done a lot of projects that you can also see through. That’s for the commercial projects. For the residential project, what I promise you is comfortability. You will always look around your house and smile.

 

What can the government do to support people in that sector of the economy?

I will say they should stabilize the economy, because doing so makes it sustainable for all of us. Tell me about the mission and vision of Pennak The mission is to remain a company of integrity, a company that the client can always trust as they have been trusting us for the past years, and also keeping on the sustainability, and up to the world standard. Talking about our vision, at Pennak, we consider innovation greatly, and also a relief factor to culture, and gender inequality. We don’t care about gender or skin colour, we’re interested in the skills.

 

How would you say Pennak has affected lives in their seven years of operation?

At Pennak, we prioritize people, and we do not take lightly the impact we have in all the lives we touch. We make sure that our client needs are satisfied, even before the clients know they have them, with our fully immersive, and ergonomically positive designs. At the end of every project, we make sure we impact the host community of the project with our Community Social Responsibility (CSR) programs. We did a commercial project at Akoka in Yaba, and also one at Owerri in Imo state.

 

Where did you study, and what did you study?

Growing up mostly in the western part of Nigeria. I had my primary school education in Ogun State and secondary education at Mercy College in Ogun State. I studied electrical engineering at the Olabisi Onabanjo University (OOU), and proceeded after a while to acquire my MBA from London Metropolitan School of business.

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Ogun Central 2027: The Competence Question and APC’s Senatorial Choice

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LAs the 2027 elections draw closer in Ogun State, discussions about who should represent Ogun Central in the Senate are gradually gaining momentum. Across Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo, and Ewekoro, the mood among the people appears largely the same. The people have made their preference clear. Not in anger or protest but in the quiet and wilful way that voters do when they still believe you can do better. The unifying thing in the people’s agitation is the call for credible, competent, and accessible representation.

This is not a new demand from the people of the district. The demand for a paradigm shift has been growing in recent times. Residents across the district are showing a preference for leaders who can demonstrate measurable capacity in healthcare, infrastructure, education, youth empowerment and constituency development. The calls for palpable development, responsive engagement, and effective legislative outcomes have become too obvious to dismiss.

We can all recall that in the last elections in 2023, the All Progressives Congress rallied behind Senator Shuaibu Salisu with considerable optimism. Party leaders and stakeholders presented his candidacy to the people as the strongest path to meaningful progress for the district. That mandate carried real expectations, and it is fair to say that, in several communities, those expectations have not been fully met.

Concerns have been raised across town hall meetings, community forums, and on social media about the speed of infrastructural projects, the reach of scholarship and empowerment programmes, and the overall visibility of senatorial intervention in major sectors. Whether one attributes these gaps to constraints of the Senate’s systems or individual legislative capacity, the perception of underdelivery is widespread enough to warrant serious attention from party leaders.

For now, this dissatisfaction has not translated into rejection of the APC. Instead, it has taken the form of an expectation to do better next time. Voters in Ogun Central are not asking for a fundamental change in the party structure or traditions. They are asking for the incorporation of wider grassroots inputs and candidates’ worthiness in the process.

This presents both a challenge and an opportunity. The challenge is that the culture of selecting candidates through elite consensus without genuine grassroots consultation is a risk that may worsen the growing disconnect between elected representatives and the communities they serve. Political observers across the nation have questioned this practice repeatedly, and Ogun Central may be feeling its effects most.

The opportunity lies in what the APC does with this feedback. The party’s senatorial selection is not a formality to be managed. It places a decisive moment for public trust at the feet of the party leaders. It is also an opportunity to reposition the district for future outcomes. That means looking beyond the financially powerful or politically connected aspirants and instead evaluating candidates on measurable criteria like competence, work experience, community engagement, and constituency presence.

There is also a broader shift worth noting. The era in which financial muscle alone could determine electoral outcomes is visibly passing. Many voters across southwestern Nigeria, especially our people, are increasingly attentive to antecedents, accountability, and impact. They want representatives who can speak with authority in the Red Chamber, secure federal projects, and translate legislative work into visible improvement in their daily lives.

None of these is to suggest that Senator Salisu’s tenure should be written off. A single term in the Senate, particularly within Nigeria’s complex federal system, does not allow for a complete verdict. But it is sufficient for the electorate to form impressions, and those impressions should shape how the APC approaches 2027.

The path forward does not require the party to bring down the house. It only requires discipline. The leaders of Ogun Central APC would do well to begin inclusive consultations with stakeholders, community leaders, youth groups, women’s organisations, and ordinary party members so that the candidate who eventually emerges carries not just the party’s endorsement but also the people’s confidence.

The 2027 senatorial election will be more than a contest. It will be a test of whether the APC in Ogun State can translate its dominance at the polls into dominance in governance. The people of Ogun Central are watching, and their expectations are high. The party’s consideration or dismissal of the concerns raised above will influence public confidence in Ogun State.

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Alleged $1.5m Fraud: Court Dismisses Preliminary Objections, Bail Application of Intermediate Investment Holdings Boss, Ufoma Joseph Immanuel in Lagos

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Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, May 7, 2026, dismissed the preliminary objections and bail application filed by the boss of Intermediate Investment Holdings Limited, Ufoma Joseph Immanuel, over an alleged $1.5 million fraud.

The Economic and Financial Crimes Commission, EFCC, on Wednesday, March 11, 2026, arraigned Immanuel, alongside his company, Intermediate Investment Holdings Ltd., on a two-count charge bordering on obtaining by false pretence and forgery to the tune of $1.5m.

Count one reads: “UFOMA JOSEPH IMMANUEL and INTERMEDIATE INVESTMENT HOLDINGS LIMITED between April 2022 and October 2023 in Lagos,  within the jurisdiction of this Honourable Court, with intent to defraud, induced Adebisi Adebut of R28 Holdings Limited to deposit the total sum of S1, 500, 000.00 (One Million, five Hundred Thousand United States Dollars USD) as investment described as to wit: “Cash and or Capital Cost in Chappal Petroleum Development Company Limited; Business Development Cost in Intermediate Investment Holdings Limited: Capital and or Capital Call in Chappal Energies Mauritius Limited” on the understanding that R28 Holdings Limited will be; (a) reimbursed the investment amount (b) paid a Development Capital fee of $2 250,000.00. (Two Million, Two Hundred and Fifty Thousand Dollars) (c) 22.4% worth of shares in Intermediate Investment Holdings Limited which representation you knew to be false.”

Count two reads: “UFOMA JOSEPH IMMANUEL, sometime between April 2022 and April 2025 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, forged a document to wit: TERM SHEET and purporting same to have been executed by Sherrif Oluwo and Olaniran Osotuyi in order to facilitate your obtaining money by inducement from Adebisi Adebutu of R28 Holdings Limited.”

The defendant pleaded “not guilty” to the charge preferred against him.

Following the defendant’s “not guilty” plea, the prosecution counsel, Babatunde Sonoiki, asked the court to fix a date for the commencement of trial and also prayed the court to remand the defendant  in the custody of the International Criminal Police Organization, INTERPOL, pending the conclusion of  its investigation.

Sonoiki also narrated how the defence counsel,  Oluseun Awonuga, SAN, had physically assaulted his colleague, Emenike Mgbemele, at the sitting on March 2, 2026.

According to him, “My lord, the learned silk, physically assaulted my colleague on the staircase on his way to serve the defendant the charge as directed by the court.

“There is a video to that effect and we intend to tender it before the court.”

Though Awonuga did not respond to the allegation made against him by the prosecution counsel, he informed the court of a preliminary objection and a written address dated January 5, 2026, while urging the court to discountenance the counter-affidavit of the prosecution.

The prosecution, in a 21-paragraph counter-affidavit dated February 9, 2026, had urged the court to dismiss the notice of preliminary objections.

According to Awonuga, the Federal High Court, in a ruling, had ordered the  EFCC not to arrest the defendant.

“EFCC has flouted the order by arresting the defendant and I hereby urge your lordship to discountenance their counter- affidavit,” he said.

Responding, the prosecution counsel, Babatunde Sonoiki, said that the ruling was part of the motion that  had earlier been withdrawn by the defence and should not be before the court.

“ There is nowhere in the ruling that says the defendants cannot be arraigned in a court of competent jurisdiction.

“My lord, the ruling was delivered in a civil case; and according to the Supreme Court, a criminal case and civil case can go on at the same time.

“We urge the court to dismiss the application and order accelerated hearing in this case,” Sonoiki had said.

After listening to both parties, Justice Dada had, consequently, adjourned the case till May 7, 2026 ( today) for ruling.

Ruling on the application , Justice Dada held that: “The preliminary objection is baseless and the entire application is lacking in merit; and it is hereby dismissed.”

Also, Justice Dada, in her ruling on the bail application of the defendant, held that “On the basis of considering the antecedent of the defendant for not honouring the invitation of the applicant after he was granted administrative bail, I agree with the complainant that he is a flight risk; therefore, bail is refused.”

Justice Dada adjourned the case till June 24, 26, 29 and 30, 2026 for the commencement of trial.

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Ogun Central APC Race: ‘I Remain in the Contest’ — Sofela Declares Amid Consensus Speculation

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By Solanke Ayomideji Taiwo

ABEOKUTA — A frontline aspirant for the Ogun Central Senatorial seat under the platform of the All Progressives Congress (APC), Emmanuel Adebola Sofela, popularly known as Shoffi, has dismissed widespread speculations that he has withdrawn from the race in favour of another aspirant .

Sofela described the reports making rounds in some political circles as “false, misleading and the handiwork of political detractors,” insisting that he remains fully committed to his ambition of representing Ogun Central Senatorial District at the National Assembly.

In a statement made available to journalists on Friday, the APC stalwart urged his supporters, political associates and loyalists across the six local government areas that make up Ogun Central to disregard the rumours and remain resolute in their support for his aspiration.
According to him, there has never been any agreement or arrangement for him to step down for any aspirant to emerge as a consensus candidate of the party.

“I want to categorically state that I have not stepped down for anyone in the Ogun Central Senatorial race. The rumours flying around are entirely false and should be ignored by all my supporters and members of the public,” he said.

Sofela expressed confidence in his chances of securing the APC ticket, stressing that his popularity, political experience and grassroots connection across the district place him in a strong position ahead of the party primaries.

The senatorial hopeful reiterated his determination to provide quality representation for the people of Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo and Ewekoro local government areas if elected into the Senate in 2027.

He noted that his aspiration is driven by a genuine desire to contribute meaningfully to the development of Ogun Central through effective legislation, empowerment programmes and people-oriented policies.

“My ambition is rooted in service to the people. I remain committed to the vision of giving Ogun Central a strong voice in the Senate and facilitating developmental initiatives that will positively impact our people,” Sofela added.

The APC chieftain further appealed to party members to remain united and avoid distractions capable of causing division within the party structure ahead of future political activities.

Political observers in the state believe the race for Ogun Central Senatorial seat is gradually gathering momentum as aspirants continue consultations and grassroots mobilization across the district ahead of the 2027 election cycle.

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