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10 REASONS WHY YOU MUST EXERCISE PATIENCE WHEN BUYING AN OFF-PLAN PROPERTY IN LAGOS by Dennis Isong

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10 REASONS WHY YOU MUST EXERCISE PATIENCE WHEN BUYING AN OFF-PLAN PROPERTY IN LAGOS by Dennis Isong

10 REASONS WHY YOU MUST EXERCISE PATIENCE WHEN BUYING AN OFF-PLAN PROPERTY IN LAGOS by Dennis Isong

 

 

PROPERTY IN LAGOS– Investing in real estate, especially in a fast-paced market like Lagos, requires careful consideration and strategic planning. One option that has gained popularity in recent years is purchasing off-plan properties. These properties are purchased before construction is completed, offering potential buyers a chance to secure a property at a lower price. However, when it comes to off-plan purchases, patience is a virtue that cannot be overlooked. In this article, we will discuss five compelling reasons why patience is crucial when buying an off-plan property in Lagos.

 

 

 

1) Comprehensive Research and Due Diligence:

 

Buying an off-plan property necessitates conducting thorough research and due diligence. From verifying the developer’s track record to assessing the property’s location and potential market value, patience is essential in gathering and analyzing all the necessary information. Rushing into a purchase without adequate research can lead to unfavorable outcomes, such as investing in a poorly constructed property or an undesirable location. Patience allows you to make informed decisions based on reliable information, ensuring a successful investment.

 

 

2) Property Development Timeline:

 

One significant aspect of purchasing an off-plan property is the waiting period until completion. Developers provide an estimated timeline for completion, but unforeseen circumstances can often lead to delays. Patience is essential during this waiting period, as it allows you to manage your expectations and avoid unnecessary stress. Being patient ensures you are prepared for any potential delays and gives you the mental fortitude to handle unexpected challenges that may arise during the construction phase.

 

 

3) Potential Price Appreciation:

 

One of the main advantages of buying off-plan is the potential for price appreciation. As the property progresses through the construction stages, its value can increase significantly. Patience is crucial in capitalizing on this potential appreciation. Rushing to sell the property immediately after completion may lead to missed opportunities for substantial profits. By exercising patience, you can maximize your return on investment by waiting for the optimal time to sell or lease the property.

 

 

4) Customization and Personalization:

 

Purchasing an off-plan property often offers the advantage of customization and personalization. You can work with the developer to make design choices and select finishes that align with your preferences. However, this customization process requires patience. It involves multiple consultations, design revisions, and coordination with the developer. Being patient ensures that you make thoughtful decisions and end up with a property that truly reflects your vision and meets your requirements.

 

 

5) Secure Better Financing Options:

 

Buying an off-plan property in Lagos requires careful financial planning. Patience plays a crucial role in securing better financing options. Taking the time to research various lenders, compare interest rates, and assess your financial capacity allows you to secure favorable mortgage terms. Rushing into financing decisions without patience can result in higher interest rates or unfavorable loan conditions, affecting the long-term financial viability of your investment.

 

 

6) Mitigating Risks and Ensuring Quality:

 

Patience plays a vital role in mitigating risks associated with off-plan property purchases. By taking the time to thoroughly review contracts, warranties, and guarantees, you can protect yourself from potential pitfalls. Patience allows you to assess the reputation and credibility of the developer, ensuring that they have a proven track record of delivering quality projects. Rushing into a purchase without exercising patience increases the chances of encountering construction issues or disputes that could have been avoided with careful consideration.

 

10 REASONS WHY YOU MUST EXERCISE PATIENCE WHEN BUYING AN OFF-PLAN PROPERTY IN LAGOS by Dennis Isong

7) Capitalizing on Early Bird Discounts and Incentives:

 

Developers often offer attractive early bird discounts and incentives to buyers who commit to purchasing off-plan properties at the pre-construction stage. Patience is key in capitalizing on these benefits. By patiently waiting for the right opportunity, you can secure a property at a more affordable price or take advantage of additional perks such as payment plans, furniture packages, or waived fees. Rushing into a purchase may result in missing out on these advantageous offers.

 

 

8) Market Observation and Timing:

 

The real estate market in Lagos is dynamic, and market conditions can fluctuate. Patience is crucial when it comes to market observation and timing. By patiently monitoring market trends, you can make an informed decision about when to enter the market and purchase an off-plan property. Waiting for favorable market conditions can potentially lead to better pricing, increased demand, and improved resale or rental prospects. Rushing into a purchase without considering market dynamics may result in an investment that doesn’t align with market realities.

 

 

9) Building Relationships with Developers and Agents:

 

Developing strong relationships with developers and real estate agents takes time and patience. By patiently networking and connecting with industry professionals, you gain access to a broader range of off-plan property options and valuable insights. Building relationships also increases your chances of receiving exclusive offers and being notified of upcoming projects before they are publicly announced. Rushing the process may limit your networking opportunities and hinder your ability to access the best off-plan property deals.

 

 

10) Emotional Preparedness and Peace of Mind:

 

Buying an off-plan property is a significant investment that can evoke a range of emotions. Patience allows you to be emotionally prepared and maintain peace of mind throughout the process. Taking the time to reflect on your financial goals, considering the risks and rewards, and understanding the potential challenges helps you approach the purchase with a calm and rational mindset. Rushing into a decision without patience may lead to regret or anxiety if unexpected hurdles arise.

 

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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GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions

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*GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions*

By Osho Oluwatosin

The internet has literally been on ‘fire’ since Friday following the arrest of self-acclaimed Nigerian activist, Martins Vincent, also known as Very Dark Man. He was reportedly picked up by the Economic and Financial Crimes Commission (EFCC) for reasons yet unknown.

While it’s not the first time VeryDarkMan or any prominent Nigerian would be arrested by the EFCC — a government agency not under the authority of any private organization — it seems some Nigerians are passionately trying to push a narrative that his arrest was orchestrated by one of Nigeria’s biggest financial institutions, Guaranty Trust Holding Company (GTCO).

Although this narrative isn’t far-fetched — VDM had criticized the bank due to ‘mysterious’ deductions from his mother’s bank account for unjustifiable reasons. He approached the bank’s branch in Abuja to make an official complaint and, afterwards, he was picked up by the EFCC. But what many Nigerians have failed to realize is GTCO may not even be involved in his arrest.

VeryDarkMan was seen in the bank, quite alright, but in a CCTV released by the bank, he was seen moving out of the bank when he finished. He even had a celebrity moment with some of his followers who took pictures with him before he was arrested. So I’m wondering, what has GTB got to do with his arrest? That someone got knocked down by a vehicle after leaving church, does it mean the church orchestrated the accident? That someone got attacked after leaving a lecture room, does it mean the lecturer orchestrated it? That someone even got attacked in a courtroom, does it mean the judge orchestrated it? Absolutely not.

Although it would have been better if the EFCC had come out to clear the air regarding the reason for VDM’s arrest, because in the absence of information, rumours are bound to thrive. In fact, the commission should have actually released a statement regarding these rumours, not to vindicate GTB, but to keep Nigerians informed.

Let’s even think about it logically: what can warrant GTCO to order VDM’s arrest by the EFCC? Did he defraud GTCO? Did he steal from a GTB customer? Did he launder money through a GTB account? These are questions that should be asked before passing judgments. But Nigerians are always emotional when it comes to issues like this, and that’s why people who are culpable in serious crimes get away with anything as long as they get involved in charity or activism.

GTCO has been a very friendly organization, and in 2024 alone, the bank paid a record dividend of N8 per share. The bank is happy, shareholders are happy, customers are happy — who is Very Dark Man?

Osho Oluwatosin is a Nigerian journalist and writes from Lagos.

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

In February of this year, I needed to open a new bank account for salary purposes, as required by the management of the new company I had just joined.

I considered First Bank, Access Bank, and Sterling Bank. After some thought, I chose Sterling Bank—not because I found them superior—but because I believed they had fewer customers, which I hoped would save me from long queues and unnecessary delays.

I visited the Sterling Bank branch at Akowonjo to open the account. Unfortunately, the staff member who attended to me didn’t inspire confidence. She appeared distracted—smiling at her phone, clearly engrossed in a private chat—far from the level of professionalism one would expect in a bank setting. I had a feeling this would lead to problems down the line.

 

When my first salary was paid into the account, my suspicion was confirmed. Sterling Bank restricted access to my funds—I couldn’t transfer money or make withdrawals at the counter. I visited their Fatai Atere branch at Ladipo, Mushin to complain, where I was informed that the account opened for me was a “Kaikai” account—a type I had never heard of. Apparently, this account type is meant for individuals who lack the required documents during account creation. But I had submitted all necessary documents, so why was such an account opened for me?

Can We Have More Bankers Like Victoria Mulero? An epitome of 'omoluabi'

At the Fatai Atere branch, I was attended to by a remarkable banker named Victoria Mulero. She requested my NIN, which I didn’t have on me at the time. Rather than send me back home, she asked if I had a digital copy. I did, and she graciously gave me her email address so I could forward it to her. With that, she resolved the issue promptly and professionally.

However, the following month, in March, the same restriction happened again. I returned to the Fatai Atere branch, and once again, Victoria Mulero handled my complaint with efficiency and kindness, resolving it without delay.

I hoped the matter was finally settled, but when my April salary arrived, the restriction was imposed yet again. This time, I was beyond frustrated and ready to replace Sterling Bank as my salary account. Still, I visited the Fatai Atere branch one last time. Once more, Victoria Mulero resolved the issue with grace and determination.

This write-up is a tribute to Victoria Mulero of Sterling Bank, Fatai Atere branch. She is a rare gem—respectful, diligent, and genuinely customer-focused. She went above and beyond, following up with the Akowonjo branch through calls and emails until the matter was fully resolved. She handled every situation with patience and empathy, treating the job as if the bank belonged to her family.

To be honest, I’ve had unpleasant experiences with many bankers, especially female staff. Too often, they carry personal frustrations into the banking hall and take it out on customers. But Victoria is different. She exemplifies what true customer service should be.

We may not all be the same, but treating people with respect and kindness is a skill that can be learned—and Victoria clearly has. Let’s celebrate her for being a model professional and a beacon of hope in an industry that too often lacks empathy.

Without any fear of contradiction, I say boldly that Victoria Mulero is a good ambassador of Sterling Bank and her parents too deserve encomium for raising a well trained daughter and impacting an attitude of ‘ omoluabi’ in her. We need more of Victoria Mulero in our banking industry.

Seun Jacob Ogunbiyi
Known as Olùkọ́, the therapeutic writer and Lagos based journalist

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Air Peace Airlines’ failure to adhere to scheduled departure times results in prolonged delays …causing undue hardship for Nigerians on board

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Air Peace Airlines' failure to adhere to scheduled departure times results in prolonged delays ...causing undue hardship for Nigerians on board ~Oluwaseun Fabiyi

Air Peace Airlines’ failure to adhere to scheduled departure times results in prolonged delays
…causing undue hardship for Nigerians on board

~Oluwaseun Fabiyi

Traveling is undoubtedly the most effective form of education, enabling individuals to observe human quirks from diverse perspectives

On Saturday, 3rd May 2025, an Air Peace Airlines flight from Akure Airport was delayed, causing undue inconvenience to a Nigerian traveller and a prominent Nigerian man of God, an unfortunate incident that befell the nation’s citizens

Does Nigerian law consider it a criminal offense for travelers to book flights with Air Peace, a leading Nigerian airline, instead of other airlines that fail to depart on schedule, such as remaining at 10am instead of departing at 10am? Certainly, some Nigerian citizens may opt to travel with airlines like Arik, Aero, Dana, rather than Air Peace.

Air Peace Airlines' failure to adhere to scheduled departure times results in prolonged delays
...causing undue hardship for Nigerians on board
~Oluwaseun Fabiyi

It is evident that many Nigerians actually believe Air Peace airline came to rescue Nigerians from the subpar fly-and-die experience of other airlines, such as Dana, which is why many have fallen in love with Air Peace Airlines’ domestic operations

 

Air Peace Airlines’ decision to reschedule a 12:00 flight from Akure in Ondo State to 3:00 on Saturday, 3rd May 2025, has been met with disappointment from some affected Nigerian passengers, who deem this change unreasonable and unjustified.

Nigeria is hindered by self-imposed challenges that impede our collective advancement. I remain optimistic that future leadership will emerge, focusing on nuanced details that cumulatively enhance the lives of citizens, including access to housing, affordable food, petrol, quality healthcare, and a decent standard of living. The fact that we produce rice, only to have its price inflated by some, thereby rendering it unaffordable, is a pressing concern

It is baffling to me why some people or airlines deliberately provide poor services, causing undue hardship for their passengers, without taking the courtesy to apologize

How can passengers ensure they arrive at Akure Airport by 10 a.m. to catch a 12 p.m. flight from Akure to Lagos and complete check-in as usual

Only for them to fall victim to an extremely harrowing experience. The first indication was the outrage of a passenger at the Nigeria Air Peace counters. He yelled at the ticketing officials that his time had been wasted by three hours and demanded to be refunded his money, as his business was equally affected.

The scene was remarkably congested, and indeed there was an exceedingly large number of passengers traveling to Lagos on this particular Air Peace flight.Which none of them can comprehend what could cause a delay from 12 O’clock to 3:15 pm, without considering individuals with an assignment or occasion in Lagos, is so crazy and devastating.

*How Passengers suffer through endless delays waiting for Air Peace aircraft.*

Accordingly, they embarked on an extended wait after Air Peace notified them that the flight had been postponed by an hour. Ultimately, the delay proved to be three hours, with the flight arriving at 3:30 pm, followed by the commencement of boarding procedures

On a final note the Nigerian aviation industry, including airlines, can certainly improve their treatment of fellow Nigerians

Onboard passengers display concern and raise eyebrows.

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