General
Propertymart Allots Plots at Fairmont Hilltop Estate
By Modupe Gbadeyanka
Those who subscribed for the Scheme Two of Fairmont Hilltop Estate, Alagbado, Lagos, have been given their plots of land by Propertymart Real Estate Investment Limited, promoters of the property.
The buyers of the landed property were allotted their plots at the weekend and one of the allottees, Mr Biodun Koleosho, praised Propertymart for the excellent layout of the Estate and not using the COVID-19 lockdown to delay allocation of plots.
“They have done an excellent job of following up, keeping to their word and that is being able to deliver plots to customers. In terms of documentation, despite the COVID-19 lockdown, they got in touch with me and sent me an e-copy of the contract pending when I could come to the office and sign the hard copy. So, despite the challenges of COVID-19, they are still able to deliver as promised,” Mr Koleosho said.
Another beneficiary, Mr Gibson Eze, praised the company, saying, “I’m impressed with Propertymart. I like their customer service in particular and I will be recommending this estate to others because my experience so far has been excellent.
“Every one of their activities is documented, and since it’s documented, it gives you the room to have trust. Once there is documentation, trust can easily flow.”
On her part, Mrs Abiola Oni, who also received her plot of land, stated that, “I like the speedy nature of the sale and documentation process. We paid around early February, and here we are in June with our plot. The environment is nice and cool. I am impressed with Propertymart.”
For Mrs Lynda Esohe Ugbesi, who stood in for her brother, Mr Lucky Anthony, she couldn’t contain her excitement with the serene estate.
“The environment is conducive and accessible. The terrain is excellent. I can see flooding won’t be an issue. The allocation process is transparent.
“I’m happy with the way everything has been done. I was even asking if they have more plots available so that I can tell others about the estate,” she said.
While commending the beautiful location, another allottee, Mr Timothy Oyeniyi, said he had been on the lookout for a beautiful estate to invest in and that Fairmont Hilltop fit the bill perfectly.
“It is secure from the hustle and bustle of the main Ota; it is close to Lagos. You can jump in and out without having to go through the potholes that many people experience in Ota.
“It’s a serene environment. That’s what I like about the location itself. And the fact that it’s a border town between Ogun and Lagos States,” he said.
Business Post reports that Propertymart has been intensifying its effort to provide affordable housing to Nigerians and support the federal government bridge housing deficit in the country.
The General Manager in charge Sales and Marketing at Propertymart, Mr Oluwasegun Damiro, stated that the real estate giant was committed to helping Nigerians own their homes in a safe and secure environment and at pocket-friendly prices.
“We are for the grassroots and what we want to sell to people, particularly first-time homeowners, is affordability.
“Inside this estate, we have some two-bedroom bungalows that we are constructing for people who won’t have time to build and want to save themselves the hassles of buying land and clearing. This is apart from the common land grabbers issue,” Mr Damiro stated.
He added that though plots in Schemes One and Two in the estate have been fully taken, prospective homeowners can take up the exciting promo offers in Scheme Three which run till the end of June.
“Ordinarily, our plot size is 500 Sqm, but we have 400 Sqm, 324 Sqm and 240 Sqm so that you could pay as low as N5 million. It’s all to encourage people.
“The promo price for 500sqm in Scheme Three is N7.8 million. That’s a discount of about N2 million from what you have in Schemes One and Two,” he said.
Mr Damiro further added that Propertymart, which has been in the real estate business for over 12 years, doesn’t just sell land, but a lifestyle to its customer.
According to him, “We have allocated over 6,000 homes and serviced plots since inception and we are glad that our customers have faith in us.
“We don’t just sell land. What we sell is a lifestyle. Before people move in, infrastructure is ready. Street light, roads, electrification, which means that even before you start building, you have a planned estate where you can start dreaming of where to keep a home—your children, where they are going to play. Where you can get your groceries. What we sell every day is a lifestyle, not just the normal Omo Onile.”
Fairmont Hilltop Estate, Alagbado, is part of the ‘The Fairmont’ serviced plots strategically located in Arepo and Lekki-Ajah. They are not only affordable but also allow clients to live in safe, beautiful environments with well-defined perimeters.
General
Tinubu in UAE for 2025 Abu Dhabi Sustainability Week
By Modupe Gbadeyanka
President Bola Tinubu on Saturday, January 11, 2025, left the shores of Nigeria for the United Arab Emirates to take part in the 2025 Abu Dhabi Sustainability Week (ADSW 2025).
He was accompanied by the Minister of Foreign Affairs, Mr Yusuf Tuggar, and other senior government officials.
A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that Mr Tinubu was invited for the event by his UAE counterpart, Mr Mohamed bin Zayed Al Nahyan.
He will attend the programme starting from today, Sunday, January 12 to Saturday, January 18, 2025.
However, President Tinubu is expected to return to Nigeria before the end of the summit on Thursday, January 16, 2025.
The event, themed The Nexus of Next; Supercharging Sustainable Progress, is expected to bring together global leaders to accelerate sustainable development and advance socioeconomic progress.
In addition, it will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.
ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.
It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.
At the event, President Tinubu will stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.
The Nigerian leader and his entourage will also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.
General
Lagos Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement
By Dipo Olowookere
The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, remains at the centre of a storm of corruption allegations that have plagued his tenure.
Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.
Recent reports by People’s Gazette revealed that the 40-member Lagos State House of Assembly, under Mr Obasa’s leadership, spent over N43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024.
This expenditure, part of a larger N90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.
Budget documents showed the Assembly spent about N30.1 billion on vehicles in 2023 and about N13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly N1.1 billion per lawmaker, were frivolous.
Mr Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that the lawmaker conducted suspicious foreign exchange transactions totaling $2.4 million (N1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.
In October 2020, the Economic and Financial Crimes Commission (EFCC) invited the Speaker for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.
Mr Obasa has consistently denied these allegations. Speaking at a recent plenary, he dismissed claims of spending N17 billion on constructing a gate as “spurious and funny.”
He also refuted allegations of spending N200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.
However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Mr Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.
Prominent anti-corruption campaigner, Mr Olanrewaju Suraju, has urged the EFCC to act on the mounting evidence against Mr Obasa, warning that his actions undermine legislative independence and public trust.
“These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Mr Suraju said.
Despite the scandals, Mr Obasa appears unperturbed and untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity.
As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.
Observers now await further developments as pressure mounts on anti-graft agencies to act decisively.
For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.
General
Nigeria Suffers First National Grid Collapse of 2025
By Modupe Gbadeyanka
Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.
It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.
Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.
It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.
This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.
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