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Real Estate Stakeholder to Brainstorm at Metro & Castle’s Realtors Hangout

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Realtors Hangout Metro and Castle

By Modupe Gbadeyanka

Stakeholders in the real estate sector will on Saturday, May 6, 2023, gather at Metro Homes, Atlantic Layout, Lekki Gardens. Phase 4, Ajah, Lagos for the second edition of Realtors Hangout, a programme put together by a major player in the space, Metro & Castle.

A statement from the organisers disclosed that the theme for this event is How To Become High Flyer in Real Estate Industry.

They noted that experts, entrepreneurs, businessmen and women, intellectuals and customers would share ideas among themselves on the day of the workshop, and chart a course for the industry.

The rationale behind this event, according to the statement, is to provide an avenue for stakeholders to brainstorm about issues affecting the housing industry in a convivial environment.

Some of the industry experts expected to grace the occasion and speak at a panel session include Ajoke Kilanko and Peter Twinnept, while lenders like First Trust Mortgage, Abbey Bank, and Homebase Bank have shown interest in being part of it.

The chief executive of Metro & Castle Limited, Mr Adekunle Abdul, disclosed that there would be special inspection sessions of some Metro Homes under sale by realtors in a bid to give opportunities to participants and intensify business transactions.

To make the programme interactive, the organisers have put in place a question and answer section for participants to seek clarifications on some burning matters relating to the industry.

Business Post reports that Metro and Castle Limited is a foremost real estate company based in Lagos, offering a range of services including construction, leasing, brokerage and facility management.

The company was established in 2014 and is guided by core principles of integrity and professionalism in delivering projects that are durable and sustainable by global standards.

The firm is behind Alicia Court, Cole Court, Queen’s Court, and Femi Olomola Court, also known as Metro Apartment, among others.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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NIS Suspends Officers Over Extortion Allegations on Lagos-Seme Corridor

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Nigeria Immigration Service

By Adedapo Adesanya

The Nigeria Immigration Service (NIS) has ordered the suspension of senior officers overseeing key commands along the Lagos-Seme corridor following allegations of extortion.

The suspension follows the circulation of online reports accusing immigration personnel at the busy border route of misconduct “bordering on extortion,” prompting immediate intervention from the agency’s leadership.

According to a spokesperson of the border controller, Akinsola Akinlabi, in a statement on Friday, April 10, the NIS Comptroller-General, Mrs Kemi Nandap, had “temporarily relieved the Comptrollers in charge of the affected Commands of their duties” pending the outcome of an ongoing investigation.

The service distanced itself from the alleged conduct, with Mrs Nandap condemning the actions in strong terms, describing the incidents as “unacceptable” and in “direct violation of the core values, ethics, and operational standards of the Service”.

According to the statement, a full-scale probe has been launched to uncover the extent of the нарушения, identify officers involved, and enforce sanctions without delay.

“The investigation will be comprehensive… ensuring appropriate disciplinary measures are applied with immediate effect,” the statement said.

While the probe continues, the Service sought to reassure the public of its commitment to professionalism at Nigeria’s borders.

“The service wishes to reassure the general public that it remains committed to delivering professional, transparent, and efficient services at all points of entry and exit,” it stated.

“It will not condone any act that undermines public trust or tarnishes the integrity of the service.”

The agency also called on Nigerians to report misconduct through its official complaint channels, including social media platforms and its 24-hour contact centre, noting that internal oversight mechanisms are being strengthened.

“The Nigeria Immigration Service remains resolute in its mission to serve with integrity, discipline, and professionalism while facilitating lawful migration,” the statement added.

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NISO Working to Accelerate Grid Monitoring

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national grid collapse Kainji

By Adedapo Adesanya

The Nigerian Independent System Operator (NISO), the entity established to manage Nigeria’s electricity grid, has said that it was working to accelerate the implementation of the Supervisory Control and Data Acquisition (SCADA) to enhance grid monitoring.

The SCADA is a software and hardware system that enables industrial organisations to remotely monitor, control, and collect real-time data from machines and processes.

The Managing Director of NISO, Mr Abdul-Mohammed Bello, in a statement to outline some of the achievements the organisation recorded within one-year of its establishment, said efforts are being made to ensure completion to enhance the grid monitoring infrastructure, adding that this is in collaboration with the Nigerian Electricity Regulatory Commission (NERC).

”We are doing this to ensure that SCADA, which is a veritable tool for system operation, is completed.

“It is a work in progress, and we have also reached advanced stages in the deployment of the telemetry system across the grid at the electricity trading points,” he said.

Mr Bello said that the telemetry system would enhance the efficiency and effectiveness of the electricity market, thereby enabling settlements in real-time.

“This is very critical for us to have accurate data and management aspects of the system.

“We have also been able to install substantial IoT metering systems on most parts of the generating units and at the interfaces between transmission and generation, and substations,” he said.

Mr Bello said that the IoT application was an ongoing project that NISO was prioritising.

He said that when the project is completed before the end of the year, there would be visibility of the national grid from generation through transmission lines, substations, and distribution.

“We are going to make sure that the approved transmission expansion plan is religiously implemented to add value to the system,” he said.

He also said that the board of NISO had been able to strengthen and execute Institutional development in the electricity regulatory sector.

He said that the system operator had prioritised the building of a strong and credible institution over the past year, and had already established governance and management structures to support independent system operations.

“We have been able to establish governance and management structures to support independent system operations both at the board level and at the management level.

“We have also strengthened institutional coordination across the electricity value chain, from generation to transmission, distribution, and energy cost management. This is to foster a culture of accountability, professionalism and performance throughout the sector value chain,” he said.

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Our Chairman Mofid Karameh Not Involved in Any Illegal Activity—Mikano

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Mofid Karameh Mikano

By Modupe Gbadeyanka

Mikano International Limited has refuted allegations linking its chairman, Mr Mofid Karameh, to criminal activity.

In a statement on Friday, the company described as false a report by an online news platform that Mr Karameh was involved in, investigated for, or associated with illegal activity.

“These claims are entirely unfounded, baseless, and defamatory,” the firm said, describing such allegations as “a gross misrepresentation of his character and the values he upholds.”

“For more than three decades, Mikano International Limited has built a solid reputation grounded in integrity, transparency, and responsible business conduct across Nigeria and beyond.

“We take this reputation seriously and are deeply concerned by the dissemination of unverified information capable of misleading the public and unjustly harming both personal and corporate credibility.

“We urge our partners, clients, and the general public to disregard the report in its entirety,” the statement made available to Business Post said.

Mikano said it was “currently reviewing all available legal options and will take appropriate action to defend the reputation of our chairman and the organisation.”

“We remain steadfast in our commitment to excellence across all sectors in which we operate and sincerely appreciate the continued trust and support of our stakeholders,” it stressed.

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