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Property Features To Consider Before Investing,  by Dennis Isong

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It may be tasky for Nigerians in the diaspora to be able to identify what a property entails if they have not been in Nigeria for a while.

However, when property features and neighborhoods are highlighted in a property listing, it helps with making informed decisions.

Nigerians in the diaspora considering investing in property back home should prioritize assessing the features of a property thoroughly for several reasons:


1. Ensuring Value for Money:
The neighborhoods of the property’s location significantly influences its value. Proximity to essential amenities like schools, hospitals, markets, and transportation can enhance a property’s attractiveness and market value.

The dimensions of the property features, including the number of rooms, bathrooms, and overall layout, should match the buyer’s needs and justify the price.

Evaluating the condition of the property, including the quality of construction, age, and any need for repairs or renovations, helps ensure that the investment is sound and that there won’t be hidden costs post-purchase.


2. Maximizing Rental and Resale Potential:
Properties with modern amenities (e.g., reliable water supply, power backup, security systems) and features (e.g., parking spaces, green spaces) tend to higher rents and better resale values.

Understanding Lagos real estate market can help choose properties that are in demand, ensuring they can quickly find tenants or buyers.

3. Avoiding scams and Fraud:

Cross-checking the advertised features with the actual property helps verify the legitimacy of the deal. Scammers often misrepresent properties to deceive buyers.

Ensuring the property has a clear title and all necessary documentation prevents legal disputes and confirms ownership.


4. Personal Satisfaction and Suitability:
For those planning to use the property personally, it’s crucial that the property aligns with their lifestyle and preferences. Features like the number of bedrooms, kitchen size, and backyard space can significantly impact living quality.

Features that allow for future expansion or modifications can be crucial for long-term satisfaction and adaptability.


5. Investment Stability and Appreciation:
Properties in economically stable and growing areas tend to appreciate more reliably, providing a secure investment.

Areas with ongoing or planned infrastructure developments (like new roads, public transport, or commercial hubs) often see a boost in property values over time.

HOW CAN YOU CONFIRM THE FEATURES AND NEIGHBORHOODS OF A PROPERTY LISTING IN ABSENTIA?

1. Ask the realtor to do a video.

2. Send a trusted person to confirm.

3. Do a video call for confirmation.

4. Ensure what was listed match with what’s shown in the video.

5. Check the map.

I hope you learned something new? Kindly scroll down to save my number and send a message.

▪︎Dennis Isong is a TOP REALTOR IN LAGOS.
He Helps Nigerians in the Diaspora to Own Property In Lagos Nigeria STRESS-FREE.
For Questions WhatsApp/Call 2348164741041

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UK begins Alison-Madueke’s trial on bribery charges

Alison-Madueke sat in the dock alongside oil industry executive Olatimbo Ayinde, 54, who is charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official.

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The alleged corruption trial of the former Minister of Petroleum Resources, Diezani Alison-Madueke commenced on Tuesday at the London’s Southwark Crown Court.

Alison-Madueke sat in the dock alongside oil industry executive Olatimbo Ayinde, 54, who is charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official.

British prosecutors told the court that Alison-Madueke took bribes including luxury goods and the use of high-end properties from industry figures interested in lucrative oil and gas contracts, when she was minister for petroleum resources between 2010 and 2015 under then-president Goodluck Jonathan and was also briefly president of the Organization of the Petroleum Exporting Countries (OPEC), the first woman to hold either role.

According to Reuters, the 65-year-old is now one of the most high-profile former energy officials to stand trial for alleged corruption, having been charged in 2023 with five counts of accepting bribes and a charge of conspiracy to commit bribery, which she denies.

Prosecutor Alexandra Healy told jurors at London’s Southwark Crown Court that Alison-Madueke “enjoyed a life of luxury in London”, where she often stayed, provided by those interested in being awarded or retaining contracts with Nigerian state-owned companies.

Healy said Alison-Madueke was given the use of high-end properties and vast quantities of luxury goods by people who “clearly believed she would use her influence to favour them”.

There was no evidence that Alison-Madueke awarded contracts to someone who should not have had one, Healy said.

But given Alison-Madueke’s role “she should not have accepted benefits from those who were no doubt doing extremely lucrative business in oil and gas with government-owned entities”, Healy added.

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Bello Turji member of APC? It’s not true – Morka, APC spokesman

APC attributed the circulation of the document to “mischief makers” seeking to create confusion and foster discord within the polity for their own sinister objectives.

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The ruling All Progressives Congress (APC) has officially debunked a viral social media post claiming that the notorious terror kingpin, Mohammed Bello Turji, has been registered as one of its members.

Reacting to the controversy on Tuesday, party spokesman Felix Morka described the purported membership slip as a “vile fabrication” designed by mischief-makers to mislead the public and tarnish the party’s image.

The APC clarified that the document, which allegedly emerged from the party’s ongoing Electronic Registration and Validation Exercise, bears no connection to its official database.Morka pointed out several glaring inconsistencies that expose the document as a crude forgery.

Specifically, the party noted that the fake slip claims Turji was registered in a “Ward 13” of the Shinkafi Local Government Area in Zamfara State.

However, official records show that Shinkafi LGA has only 10 wards, rendering the information on the slip geographically impossible.

“All digital parameters represented on the fake slip bear no connection to our Party’s membership register.

All other information paraded on the fake slip is nonexistent and certainly not contained in our membership database”, the party stated.

APC attributed the circulation of the document to “mischief makers” seeking to create confusion and foster discord within the polity for their own sinister objectives.

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“I was never chased out of my office” – Wike

Wike disclosed that over ₦12 billion had just been approved for the payment of January salaries, describing the move as evidence of the administration’s commitment to staff welfare.

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“I was never chased out of my office,” FCT Minister, Nyesom Wike, told journalists today in Abuja.

Wike accused unnamed politicians and senior civil servants of fueling the ongoing strike by workers of the Federal Capital Territory Administration (FCTA).

The aggrieved workers are calling for his sack over months of unpaid salaries and allowances, but Wike told journalists shortly after the National Industrial Court ordered an end to the industrial action, which has disrupted public services in Abuja for more than a week, that the strike had gone beyond workers’ welfare issues and was being exploited for political purposes, despite ongoing efforts by the administration to resolve the dispute through dialogue.

“The administration was already in the process of mediation when some politicians hijacked the strike,” Wike said, adding that several of the demands raised by workers were either unreasonable or had already been addressed.

He maintained that the FCTA had taken concrete steps to address workers’ concerns, including salary payments and reforms within the civil service.

Wike disclosed that over ₦12 billion had just been approved for the payment of January salaries, describing the move as evidence of the administration’s commitment to staff welfare.

The minister also pointed to improved revenue performance under his leadership, stating that the FCT had generated more than ₦30 billion in Internally Generated Revenue, a significant increase compared to previous years.

Wike urged workers to acknowledge reforms undertaken by the administration, including the establishment of the Civil Service Commission and investments in infrastructure across the territory

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