Business

Fendini Group CEO, Prince Laja Adeoye, Honored at 9th City People Real Estate Awards 2024

Published

2 years ago

November 25, 2024

395 Views

The Chief Executive Officer of Fendini Group, Prince Laja Adeoye, was recently recognized for his innovative and remarkable contributions and performance to Nigeria’s housing development at the 9th City People Real Estate Awards, 2024 edition.

The event which took place on Sunday, at the ASSO Hall, Maryland in Lagos, had in attendance the la creme of real Estate Industry, including the Pastor Ashimolowo’s Makarios Estate group.

According to Seye Kehinde, the publisher of City People Magazine and convener of the awards, this prestigious recognition honors individuals who have made significant strides in Nigeria’s real estate industry.

Prince Laja Adeoye’s leadership at Fendini Group has been instrumental in developing Rayfield Gardens City Estate, a 400-unit luxury and bespoke housing scheme in partnership with the Oyo State Government, located in Christopher Adebayo Alao Akala GRA Monatan Ibadan, the estate boasts a completed Supermall, duplexes, and ongoing development projects, including an uptown hotel, banking hall, schools, event hall, and hospital.

Upon completion, Rayfield Gardens City Estate promises to be Oyo State’s choicest destination for luxury properties.

Prince Laja Adeoye, while addressing journalists, noted that the Federal Government should create more enabling environment for Real Estate developers, through creation of more infrastructures, easy access to land and title and partnership with building materials manufacturers.

The Federal Government,just as they do for the manufacturing sectors they need to provide funding succour for Real Estate developers as well, because most of the challenges leading to high prices in the real Estate products, has to do with cost of funds, inflation, and regulatory policies.

He dedicated the award to God Almighty, his family, the Oyo State Government led by Governor Seyi Makinde, his team, and loyal subscribers. He encouraged the youth to pursue their passions and never give up, despite daunting challenges.

This recognition solidifies Fendini Group’s position as a leader in Nigeria’s real estate industry, and Prince Laja Adeoye’s commitment to delivering exceptional luxury living experiences.

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Business

Naira Exchange Rates Friday, 3 July 2026

Published

1 day ago

July 3, 2026

OCHEFA

29 Views

BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1, 397 Sell ₦1,405

GREAT BRITISH POUND (GBP) Buy ₦1,850 Sell: ₦1,865

EURO (EUR) Buy ₦1, 580 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370

CHINESE YUAN Buy ₦180 Sell ₦200

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460

CENTRAL AFRICAN CFA Buy ₦2, 220 Sell 2,300

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,370.15

GREAT BRITISH POUND (GBP) ₦1,832.17

EURO (EUR) ₦1,568.28

SWISS FRANC (CHF) ₦1,1705.44

JAPANESE YEN (JPN) ₦8. 51

CHINESE YUAN (CNY) ₦201. 80

WEST AFRICAN CFA (XOF) ₦2.38

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,859. 98

SAUDI RIYAL (SAR) ₦364.91

SOUTH AFRICAN RAND (ZAR) ₦84. 32

Business

Issue: Cloning Nigerian Investment Promotion Commission (NIPC)

Published

3 days ago

July 2, 2026

OCHEFA

53 Views

The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.

The Presidency says a man identified as Prince Adeniyi Adeyemi Matthew allegedly created and operated fake government agencies, forged appointment letters, and falsely claimed to have been appointed by Femi Gbajabiamila.
According to the statement:
The Office of the Chief of Staff discovered the alleged scheme after complaints from the Nigerian Investment Promotion Commission (NIPC) that an unauthorized body was operating in a way that conflicted with its functions.

The Chief of Staff petitioned the Department of State Services and the Nigeria Police Force in October 2025 to investigate alleged forged appointment letters.

The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.

Investigators allege Adeyemi operated from an office in the Federal Secretariat Complex, held meetings with diplomats, and sought diplomatic support to obtain U.S. visas for members of the alleged organization.
Police reportedly recovered forged documents and other exhibits during searches of his office and residence.

The investigation allegedly found that Adeyemi operated 34 bank accounts, including several in the names of fictitious organizations, and used forged documents to open a Central Bank of Nigeria account.

The Presidency says no government funds were paid into that account.
Police charged Adeyemi and two others before the Federal High Court on multiple counts, including forgery, impersonation, and obtaining by false pretence. The case is scheduled for hearing on July 27.

The Presidency also denied claims that Gbajabiamila appointed Adeyemi, stating that appointments to federal offices are issued through the Office of the Secretary to the Government of the Federation, not the Office of the Chief of Staff.

Current status

The Presidency maintains that:
the agencies in question are fictitious,
the appointment letter was forged,
Adeyemi is an impostor,
and the allegations against him should be resolved by the court.

As the case is pending before the court, the allegations remain subject to judicial determination.