society
WHAT TO KNOW BEFORE CONVERTING A RENTAL PROPERTY TO A HOTEL
WHAT TO KNOW BEFORE CONVERTING A RENTAL PROPERTY TO A HOTEL
BY DENNIS ISONG
Not everyone buys a property to live in. Some buy strictly for business when they envisage a kind of prospect with such property.
Property conversion is not new and has been in existence for a very long time. People convert the property to anything that suits their interests or commercial needs.
One of these conversions is buying a property that was once residential and converted to a hotel. The hospitality business is one of the most lucrative businesses just a few people can dive into because it’s capital intensive.
Converting a residential property into a hotel is not an activity that should happen on impulse. It should be thought through because there are circumstances it’s being surrounded with, most especially because the property wasn’t initially made for commercial purpose, how much more a hotel.
How can you know you are making the right decision?
1 . Does the community have more learned people?
There’s a big problem with having a property in a community where just a few percentages are learned. It will stifle anything commercial you want to set up there, especially for businesses like hotels, bars, clubs, etc. A larger percentage of people in the community have to understand and find your business good enough for the place. If you are thinking of having a hotel in a community full of religious fanatics, you may end up being frustrated as you are likely to have people unnecessarily harassing your customers.
People go to the hotel for various businesses but you can’t convince a religious fanatic that it’s beyond coming to have sex which isn’t anyone’s business.
You would do yourself a favor by avoiding such a community if your purpose is to convert a property bought into a hotel.
2 . Does the location bustle with activities?
These can be divided into two. It’s either your commercial property is in the heart of the city or close to the heart of the city.
Your business is more likely to thrive if it meets up with either of the two. Location is important in all businesses and not just any kind of location. Having a quiet, serene, and less crowded environment is good but may not be for your business.
I once lived in an area and never knew a hotel existed (which had been there for a long time) until someone mentioned it. I had to check the description out because I never thought a hospitality business would operate there.
So, in essence, not all locations are good for the hospitality business.
3 . What kind of hotel?
This part talks about the size of the property. A standard hotel needs at least 6 plots of land. Does the property fulfill this land size? If not, then, you are building a motel or guest house. You need to consider a lot, such as parking space, bars, pool, etc. if the property you are about to buy does not have enough space, you might want to consider something lesser than a hotel.
4 . Does the area have something similar and thriving?
I would urge that before making a final decision on conversion, you should find out or check if a similar business exists, how acceptable it is, how long has it been there, and how much it has survived. These answers will be a pointer to what you need to know and areas to improve when you build and establish yours.
5 . How motorable is it?
Buying a property and converting it to an area that does not have a good road channel is a disaster. Firstly, it’s important to note that such property should be closer to the main road for easy access. Then, the linking roads should be good enough for cars to drive easily to your investment property. Distance and clumsy roads could be a big turn-off to guests, they would rather find someplace better.
6 . Security
An investment like the hotel is open to all forms of danger. Numerous people are allowed in and you may never really know who is who. Meanwhile, you should prioritize your guests’ safety. To save yourself the stress of having to deal with insecurity, find out about how well fit their security is in the community, then also create your security after establishment.
7 . Ensure commercial activities are worth it
This is important. Ask questions to know if any businesses are to thrive there. Some places are so dry that it is difficult for any business owner to make money from their businesses. If the property you want to convert is located in such a community, do yourself a favor by not bothering to spend so much to put that kind of investment there.
Property conversion is a great idea only if it fulfills the requirements mentioned above.
Dennis Isong helps individuals invest right in Real estate. For questions on this article or enquiring about Real estate. Follow him on Youtube https://www.youtube.com/landpropertyng , Email [email protected] or Whatsapp/Call +2348164741041
society
CANAAN CITY RESIDENTS DEMAND IGP ACTION OVER POLICE-BACKED LAND INVASION IN ONDO
CANAAN CITY RESIDENTS DEMAND IGP ACTION OVER POLICE-BACKED LAND INVASION IN ONDO
Ondo, Nigeria – The residents of Canaan City Crescent, Fagun, Ondo West Local Government Area, have called on the Inspector General of Police, Kayode Egbetokun, to urgently intervene in an ongoing land invasion allegedly aided by officers of the Ondo State Police Command and SWAT operatives from Akure.
The disputed land, located at the end of Road 13 Avenue 14, Fagun, Ondo, has been the subject of multiple legal battles since 2007. From the Customary Court to the High Court and up to the Court of Appeal in Akure, the Fasimoye family has consistently been declared the lawful owner.
Despite these clear and repeated court judgments, in August 2023, a group led by Mr. Olanrewaju Fawehinmi and Mr. Williams allegedly invaded the land, destroying crops, obstructing access to property, and intimidating residents, with police backing. Since the invasion, residents have reported a spike in armed robbery, kidnapping, and burglary in the community.
A pending case at the Federal High Court, Akure, between the Fasimoye family and the Nigerian Police Force has not deterred the ongoing harassment and illegal occupation.
The residents are demanding that the IGP:
1. Launch an immediate investigation into the role of police officers in the illegal occupation.
2. Withdraw all police protection from the invaders until the court determines the case.
3. Guarantee the safety of lawful property owners and residents.
Speaking on behalf of the residents, Dr. Bolaji O. Akinyemi stated:
> “If the Nigerian Police can be weaponised by private interests to subvert court rulings, then no citizen’s property or peace is safe. We demand the IGP act now to restore the integrity of law enforcement.”
The residents warn that silence from the IGP will embolden further impunity and erode public trust in the Nigerian Police Force.
Contact:
Residents’ Association – Canaan City Crescent, Fagun, Ondo West LGA
Email: [email protected]
society
Revolutionizing Nigeria’s Energy Future: The Gbenga Komolafe Story
Revolutionizing Nigeria’s Energy Future: The Gbenga Komolafe Story
By Moses Udo
Among the constellation of Nigeria’s leadership, there are individuals whose vision and tenacity do more than just inspire people; they are representatives and architects of transformation. Engr. Gbenga Komolafe, helming the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), is irrevocably one such luminary. His leadership over this critical agency has been exceptionally administrative; it is emblematic of the purposeful reform that has become one of the answers to the clarion calls within the broader framework of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Komolafe’s leadership has yielded structural innovations, an article that can be likened to a Master builder who is laying the foundation for a high skyscraper. He is constructing a new framework for Nigeria’s oil and gas industry. And for the record, he has championed non-kinetic strategies to quell crude oil theft, a feat which has remarkably reduced losses to 5,000 barrels per day, and has stabilized production at 1.7 million barrels per day. Under his Project 1 MMBOPD initiative, there is an expectation for an additional million barrels per day by December 2026. These types of gains are what cannot just be conjured from rhetoric, but only from disciplined execution by a focused leader.
However, what we can call the most compelling evidence of Komolafe’s reformative ascendancy lies in the report of N5.21 trillion mid-year revenue generated by the NUPRC in the first half of 2025 alone. To put this in a better context, this figure represents 42.7% of the record N12.2 trillion garnered in the entire year of 2024. Even against the N15 trillion target of 2025, this constitutes 34.7% already achieved in just six months. This is a sterling pace amid global oil market volatility and domestic production challenges. This monetary performance is not merely impressive; it is massive and undoubtedly transformative.
Moreover, Engineer Komolafe’s strategies have strengthened the confidence of investors and also repositioned Nigeria’s upstream sector as a reliable sector for the country’s revenue. It’s no mean feat that the nation now holds the largest gas reserves and the second-largest oil reserves in Africa; this enviable status owes much to the labor and strategic framework he has painstakingly put in place.
It is also worth noting to state that Komolafe’s tenure is equally defined by transparency, sustainability, and inclusivity. In achieving this feat, he has pioneered the Nigeria Gas Flare Commercialisation Programme (NGFCP) and the Carbon Credits Earning Framework, becoming a twin initiative that is positioned at the intersection of environmental responsibility and economic sustainability. These flagship projects are aimed at not just eliminating the challenges of gas flaring but also reducing methane emissions, encouraging carbon capture technologies, monetizing the decarbonization strategy, remaining at the vanguard of the country’s energy transition, and promoting sustainable energy practices.
In complementing these, he established the Host Community Development Trusts (HCDTs) and an Alternative Dispute Resolution Centre (ADRC), which help to create a participatory governance and further foster conflict resolution that once marred upstream operations.
Under his leadership, the upstream sector has achieved fiscal discipline through metering reforms, transparent cargo declarations, and simplified royalty frameworks as a result of his adoption of progressive regulation, which is a plan that is rooted in the Petroleum Industry Act (PIA), the 10-Year Regulatory and Corporate Strategic Plan (2023–2033), and the 2024 Regulatory Action Plan.
The Energy Policy Advancement Centre (EPAC) lauded this performance as a salient testament to strategic governance, foresight, and institutional discipline. Their Director-General, Dr. Ibrahim Musa, asserted, “NUPRC has moved beyond passive regulation to active value generation”, and he further emphasized that what sets this leadership apart “is not just the quantum of revenue but the discipline with which it is being pursued”.
Musa also praised NUPRC’s debt recovery drive, which yielded $459,226 from outstanding obligations — part of a cumulative $1.436 billion owed from crude oil lifting contracts.
He said: “Debt recovery may not attract headlines, but it is the backbone of fiscal discipline. Every dollar recovered is a step towards stabilising government finances and strengthening our economic resilience. The NUPRC’s persistence in this regard is commendable.”
But why do all these matter within President Tinubu’s Renewed Hope Agenda? At its heart, the president’s agenda seeks to restore public confidence, strengthen institutional capacity, and rejuvenate Nigeria’s struggling economy. Fortunately for Nigerians, Engr. Komolafe’s conduct encapsulates these ideals. Komolafe is not merely an agent of reform; he is an embodiment of that agenda’s promise. His work is the praxis through which Renewed Hope becomes a loved reality, and more than just a campaign slogan it used to be known for.
History praises visionaries because they alone perceive possibilities where others see only patches, and Komolafe exemplifies this through his strategic foresight in curbing theft and production stabilization within the oil and gas sector. His holistic reforms have integrated environmental imperatives, enshrined accountability within the NUPRC, and created community welfare; His ability to leverage policies and frameworks to recalibrate oil and gas governance has fostered institutional renewal; and his ability to deliver tangible gains for the federation’s revenue base has ensured fiscal prominence.
As we have found ourselves in an era where grandiloquence often eclipses genuine progress, and political ambition serves personal interest, the tenure of Eng. Gbenga Komolafe in NUPRC has stood among others as impactful, transformative, and substantive. He is not a mere bureaucrat; he is an architect of modern Nigeria’s energy future, who builds a legacy of reforms, and not rhetoric.
His contributions ripple outside the confines of the oil and gas sector, nourishing the ethos and reinforcing the Renewed Hope Agenda upon which our collective future depends. Thanks to him, the oil Industry is now much more efficient as a result of the implemented strategic reform, which drastically reduced capital and operational expenditure in oil production.
Indeed, a man of vision is not just an asset but a lodestar to his nation. In Gbenga Komolafe, we find a man of vision who is unequivocally an invaluable asset to our great nation.
Udo is a public affairs analyst writing from Glasgow, United Kingdom.
society
PMAN Backs Police Report on Kukwaba Land Dispute, Cuts Ties with Olusco
PMAN Backs Police Report on Kukwaba Land Dispute, Cuts Ties with Olusco
Abuja, Nigeria — The Performing Musicians Employers’ Association of Nigeria (PMAN) has endorsed the findings of the Inspector-General of Police (IGP) Monitoring Unit on alleged fraudulent activities linked to Olusco Heritage & Investment Ltd and its Managing Director, Mr. Olufemi Olumeyan, about Plot 504, Kukwaba, Abuja.
According to the police investigation, there is a prima facie case of fraud, intimidation, violence, and breach of peace arising from unauthorised dealings on the land. PMAN, the rightful title holder, said the report confirms long-standing concerns about irregular transactions and thanked the police for their professionalism.
The controversy began in 2023 when PMAN signed a joint venture agreement with Olusco. The agreement, however, was subject to the payment of a premium which Olusco never fulfilled, leaving it unenforceable. Despite this, Olusco allegedly went ahead to advertise and sell portions of the land.
PMAN said the situation worsened after Olusco requested that foreign investment funds be paid into a personal account, a move the association rejected. Later, it emerged that Olusco had struck a separate ₦350 million development deal with G & D Building & Engineering Ltd before disputes arose, leading to petitions to the police.
The Monitoring Unit also flagged the involvement of former PMAN officials, including Mr. Boniface Itodo and entertainer Mr. Zakky Azzay, who were accused of impersonating executives after their dismissal, thereby misleading the public and aggravating the crisis.
On December 7, 2024, PMAN formally terminated its arrangement with Olusco, citing breaches and risks to the public. The association has since tightened security on the site with police support. During one operation, officers dispersed trespassers, and one person sustained a minor injury while fleeing. PMAN clarified that no shots were fired, countering sensational online reports.
National President, Pretty Okafor, said PMAN’s focus is now on accountability and protecting members of the public. “Anyone who paid money to unauthorised parties should come forward. We are working with the IGP Monitoring Unit and EFCC to trace funds, identify victims, and ensure justice,” he said.
PMAN stressed that no sale or allocation on Plot 504 is valid without its written approval and urged potential buyers to exercise caution
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