General
Propertymart Allots Plots to Fairmont Hartland Estate Subscribers
By Modupe Gbadeyanka
Subscribers of the Fairmont Hartland Estate, Itele, Off Alagbado, Sango Ota, Ogun State, have been allotted their plots of land by Propertymart Real Estate Investment Limited, a subsidiary of Palton Morgan Holdings.
The prospective landlords commended the company for fulfilling its promise and for providing a means for Nigerians to have access to affordable housing, which they said will go a long way to reduce the huge housing deficit in the country.
Fairmont Hartland Estate, strategically located Off Alagbado, is a premium serviced plot estate in the heart of the new Lagos that gives owners a feel of a fine country living.
Its attraction is mainly its green, eco-friendly environment with houses tucked within well-cultivated gardens, and top-notch infrastructures which include paved roads, electricity, streetlights and security cameras, as well as a well-planned drainage system.
During the presentation of the allocation documents recently, one of the subscribers, Engineer Sylvester Omirona, lauded the company for the impressive Fairmont Hartland Project, saying, “When I looked at the layout and infrastructure of this estate, I got very much interested. I want to commend them for their great customer service. I’ll definitely choose Propertymart again when next I want to do any real estate business.”
Mr Kelvin Ajayi, who heard about the land through a friend, also praised Propertymart for the estate layout, environment and accompanying facilities.
“I subscribed to Fairmont Hilltop Estate, and I loved everything about it. I fell in love with the road infrastructure and the greenery. Also, the security here is good. I even referred them to three of my friends who bought the Fairmont Hilltop plots while a friend also bought plots here at Fairmont Hartland,” he said.
For Mr Smith Habeeb, another satisfied customer, his delight is with the location of the estate and potential returns it will yield on investment.
He said, “I heard about this property from a friend and I decided to buy some plots here as a form of investment. It’s situated in a good location, and I know it will yield me great returns in the future. The allocation process was smooth. I definitely endorse them.”
Further affirming the fitting location, Mrs Adeola Oshinowo, who stood in for her brother-in-law, Mr Adewale Oshinowo, said “I love the atmosphere and the topography of the land.
“It is a serene environment, and secure from the hustle and bustle of Lagos… even in 100 years, this place will still be there. It’s not a swampy land, two to three generations will still be able to make use of the property. I’m passionate about Ogun State, and the location is just a stone throw to Lagos State.”
Mrs Edema, who came with her husband for the physical allocation, was thrilled to receive her plots of land in the estate: “I am already a part of the Propertymart family. One of the salespeople introduced me to the Fairmont Hilltop Estate, which I bought. When the Fairmont Hartland came out, she called me again, and we grabbed the opportunity to purchase another land. Their customer service is wonderful, and they are trustworthy. I even plan to go to Ibeju Lekki to buy some more of their properties there.”
Another subscriber, Mr Adetayo, affirmed Propertymart’s integrity, saying “I tried them out because of their excellent customer service. The allocation process was seamless. They said it, and they kept to their word. I am happy, and I must say it’s a promise fulfilled.”
Speaking about the allocation exercise, the Group Head of Customer Service at Palton Morgan Holdings, Mr Adeyemi Adebambo, said the swift allotment of plots is part of the company’s desire to satisfy its customers without making life difficult for them.
He said, “Customer satisfaction to us is not arbitrary. In the real estate business, people are looking to acquire property with the least amount of stress. That makes us intentional about our relationship with our customers, and we deliver on their expectations in every way.”
Mr Adebambo added that the Fairmont Hartland is a scenic and serene estate with unique life-enriching infrastructures, offering value to buyers.
“We have allocated over 6,000 plots to our subscribers since inception, and they are happy to own properties in this estate because they are sure of getting value for their money. Within the next few years, the value of this estate would have tremendously increased. This is another new Lagos we are developing here,” he said.
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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