April 2025 | Page 39 of 45

Uncovering the Secret Costs of Buying a Home in Lagos—What You Didn’t Know!

Our Reporters1 month ago1 month ago09 mins

By Dennis Isong Purchasing a home in Lagos is a dream come true for many, but beyond the excitement of having your own space, there are hidden costs that can catch you off guard if you’re not well-prepared. Whether you’re buying a property for personal use or as an investment, understanding these extra expenses will help you avoid financial stress. Let’s break it down in simple terms. 1. Legal Fees (Your Lawyer’s Share) Once you find your dream home, you’ll need a lawyer to check the documents and guide you through the transaction. Legal fees typically range from 5%–10% of the property value, though some lawyers may charge a flat fee. Expect to pay more for properties in high-demand areas like Lekki, Ikoyi, or Ikeja. Why it matters: A reliable lawyer will help you avoid buying problematic property. It’s better to spend money upfront on legal fees than to face issues down the line. 2. Agency Fee (The Agent’s Cut) If an agent connects you to the property, they will take an agency fee, usually 5% of the property value. Even if you found the house online, if an agent steps in, expect to pay. Pro Tip: Agree on the agency fee before you proceed to avoid any surprises later. 3. Survey Plan Cost You’ll need a survey plan to confirm the exact size and boundaries of the land or house. The cost varies depending on the location but can range from ₦150,000 to ₦1 million or more in Lagos. Hidden truth: Some properties may already have a survey, but you’ll still need to verify and possibly update it in your name. 4. Governor’s Consent or C of O Charges Many Lagos properties come with either a Certificate of Occupancy (C of O) or Governor’s Consent. If the property you’re buying has a C of O and you’re not the first owner, you’ll likely need to process Governor’s Consent. This could cost millions, depending on the property’s size and location. Don’t overlook this: Without proper consent, you might not have full ownership rights. It’s a necessary legal step to ensure the property is yours. 5. Development Levy In some estates or newly developed areas, you may be asked to pay a development levy. This covers costs for roads, drainage, streetlights, and sometimes security. It’s not always mentioned upfront, so be prepared. The cost can range from ₦500,000 to ₦5 million or more, depending on the estate. 6. Documentation Fees (Paperwork Isn’t Free) Developers or property sellers will charge for documentation like the Deed of Assignment, receipts, and allocation letters. These could cost anywhere from ₦100,000 to ₦1 million or more. Reality check: Buying a property isn’t just about paying for the house itself—documentation ensures you have legal ownership. 7. Omo Onile (Land Grabbers & Local Challenges) If you’re buying undeveloped land, especially in certain areas, you may face demands from local “omo onile” or land grabbers. These individuals may charge you for fencing, laying the foundation, or even just visiting the site. The costs can range from hundreds of thousands to millions. How to avoid this: Stick to verified estates or areas with government allocation. 8. Cost of Title Verification (Not All Documents Are Legit Even when a property has a C of O or Governor’s Consent, you’ll still need to verify the title at the Lagos State Land Registry. This can cost between ₦50,000 to ₦300,000. Why it’s crucial: Some property documents can be forged. You want to verify them before making any payments. 9. Utility Connection Charges After moving in, you might need to pay for the connection of utilities like: These costs can add up to ₦200,000 to ₦500,000 or more. 10. Renovation or Finishing (Especially for ‘Buy & Fix’ Properties) If you’re buying a second-hand home or a fixer-upper, be prepared for renovation costs. This could include painting, plumbing, tiling, roofing repairs, and more. Expect to spend between ₦500,000 to ₦5 million depending on the property’s age and condition. Note: Always get a builder or engineer to inspect the property and give you an estimate before buying. Final Thoughts: Don’t Just Budget for the House—Budget for the Extras! Many people save, say, ₦50 million for a house but realize they need another ₦5–₦10 million for all the extra costs they didn’t anticipate. Smart tip: Set aside 10%–20% of the property price for these hidden costs so you’re not caught off guard. Bonus Tips: Need Help Navigating the Lagos Property Market Without Falling Into Hidden Cost Traps? Think of me as your real estate bodyguard. I’ve seen it all and helped countless clients avoid expensive mistakes. Let me help you buy smart, safe, and stress-free. #DennisIsongYour Lagos Property Plug.(And unofficial Omo Onile negotiator. I’ve got it covered.) STOP LOSING MONEY IN LAGOS REAL ESTATE! Learn How to Protect Your Investment Today.=> LandProperty.ng/free Your future deserves the assurance of due diligence.

Deputy Speaker of LAHA Gbenga Olowo, SWAN Lagos Olori Yaba and Other Notable Figures Praise InterGuide Academy

Our Reporters1 month ago1 month ago07 mins

Sports as a Weapon for Economic Growth: Social Vices Best Tackled in Schools and Homes As InterGuide Academy Holds Maiden Inter-House Sports The rise in social vices currently plaguing the nation can best be addressed within schools and homes. This was the view expressed by Dr. Gbenga Olowo, Group Chairman of InterGuide Group, during the Academy’s maiden inter-house sports event held at Agege Stadium, Lagos. Dr. Olowo, an international aviator who also served as the chairman of the occasion, stated, “Parents have a role to play, and schools also have a responsibility. School discipline must be revisited. There is no beauty in a child without discipline.” The event kicked off with a march past, showcasing the four major houses. The Red House delivered a special presentation, clinching an impressive gold medal, while the Yellow House secured second place. The competition underscored the significant role children and youths play in society. This is why it’s crucial to engage them in various sporting activities alongside their academics as they grow. As the special guest of honor, Rt. Hon. Mojisola Meranda, represented by her SA on Legislative Matters and Administration, commended the performances of all the sports houses. She highlighted that school sports is a key element of youth development and character building, which ultimately enhances the credibility of any progressive society. “To grow, it is crucial that we embrace, support, and develop school sports. Only then can we have renewed hope for sustainability in socio-economic development,” she said. On the day of the event, Red House (Grace Adegboyega House) emerged victorious, lifting the Golden Trophy. Yellow House (Dcns Stella Olowo House) took second place, Green House (School House) secured third, and Blue House (Dr. Gbenga Olowo House) finished fourth. Dr. Olowo urged the government to encourage sports development through school inter-house sports and inter-company games. Vice Chairman of InterGuide Group, Dcns Stella Olowo, reflecting on her school days when she was active in sprints and jumps, urged participants to embrace fair competition and good conduct. “Good values and discipline are key elements of success. They determine the level of greatness one can achieve in the future,” she noted. Royal guest of the day, the Queen of Yaba-Iwaya-Kingdom, Lagos, Olori Rebecca Temitope Oloko, a Paris-based women’s advocate, expressed that her passion for children’s welfare motivated her to attend the event. “As a lover of children, today’s event means a lot to me. I’m already thinking about schools I will engage with to replicate such initiatives, as they will help children explore different sports and find where they excel.” Meanwhile, the Chairman of the Sports Writers Association of Nigeria (SWAN), Lagos Chapter, and UN Peace Ambassador of Nigeria, Olatutu Oladunni, commended InterGuide Academy for the initiative, stressing that it serves as a way to identify and groom talent, which in turn strengthens social development, tourism, and cultural values. “Sports is one of the key factors that boost economic growth and bilateral cooperation. It also contributes to effective foreign relations that influence economic policies across nations. The power of sports can never be underestimated,” she said. She also thanked corporate sponsors like Promasidor (TWISCO chocolate drink) for their significant contributions to the event and urged corporate institutions to engage in more productive collaborations with schools and youth organizations to support developmental growth. Air Vice Marshal Segun Philip (Rtd) emphasized the importance of adopting sports in all schools, stating, “Sports teach discipline, perseverance, and commitment. These values help children develop the right mindset.” Similarly, Vice President of Sabre, Engr. Allen Awosikunde, remarked that sports is the only activity that teaches teamwork. “In the classroom, teamwork may be seen as cheating, but in sports and business, it’s key. Teamwork is the future of any successful business. So, we should encourage more sports, as it teaches teamwork,” he said. The Principal of the Elementary School, Mrs. Blessing Kukoyi, expressed her gratitude to the parents, pupils, and teachers for their impressive cooperation and contributions toward the success of the event. She was particularly amazed by the students’ performance and the strong turnout of parents supporting their children. She also commended the corporate sponsors, including Promasidor (TWISCO chocolate drink), Golfview Hotel and Suites, and Sabre, for their support. “School sports is one of the major areas to invest in, as children are the leaders of tomorrow,” she added.

TotalEnergies CAF U17 AFCON, Morocco 2025 Media Match Day Pack is now available for download

Our Reporters1 month ago1 month ago02 mins

The TotalEnergies CAF Under-17 Africa Cup of Nations, Morocco 2025 has entered the pivotal third round of matches in the group stage, with four thrilling fixtures scheduled for Sunday, as Groups A and B resume action. To support media coverage of the tournament, the Confédération Africaine de Football (CAF) is offering daily statistics packs. These detailed packs delve into the history of the competing teams and provide fascinating insights and facts surrounding their participation in the event. You can download the Media Match-Day Pack for 6th April 2025 HERE. Sunday’s Fixtures: GROUP A GROUP B For more details on the TotalEnergies CAF Under-17 Africa Cup of Nations, Morocco 2025, visit www.cafonline.com. Further Inquiries:communications@cafonline.comCAF | Communication Department

Abuja Protesters Flee for Safety as Police Fire Tear Gas During Demonstration

Our Reporters1 month ago1 month ago03 mins

Protesters in Abuja were forced to flee for safety on Monday as the police fired tear gas to disperse a crowd participating in a demonstration in the Nigerian capital. The protest, which began peacefully, turned chaotic when security forces intervened, resulting in widespread panic among the demonstrators. The protesters had gathered to voice their concerns about national issues such as economic hardship, government policies, and social injustice. As the protest unfolded, police officers monitoring the scene began moving in to break up the demonstration. Without warning, tear gas was deployed, causing confusion and panic as the gas spread through the area. Protesters scrambled to escape the choking fumes, with many running in different directions to avoid the burning sensation in their eyes and throats. Witnesses reported that several people were affected by the gas, though no serious injuries were immediately reported. The demonstration, which had been peaceful at the start, was intended to highlight pressing issues such as Nigeria’s struggling economy and controversial government actions. However, the police’s response quickly turned the event into a tense and dangerous situation. The use of tear gas drew criticism from activists and human rights groups, who argued that the police’s heavy-handed approach was an overreaction to a peaceful protest. Despite the police’s efforts to disperse the crowd, some protesters attempted to regroup in other parts of the city, continuing to voice their frustrations. The intervention by law enforcement raised concerns about the right to peaceful assembly and the use of force by security agencies in handling public demonstrations. Critics of the police’s actions have called for more protection of citizens’ rights to express their views without fear of violent retaliation. In the aftermath of the protest, organizers vowed to continue their push for change, calling for increased public support and international attention to the issues raised. While the protest in Abuja was met with police resistance, it is part of a larger wave of discontent across the country, as Nigerians demand accountability from their government. The situation remains tense, and further demonstrations are expected in the coming days.

Young Protesters Defy Police Warning, Stage Demonstrations Across Nigeria

Our Reporters1 month ago1 month ago02 mins

On Monday, young demonstrators under the banner of the Take-It-Back Movement defied a police warning and held protests in several Nigerian cities, including Abuja, Lagos, Oyo, and Rivers states. The protesters, identifiable by their signature orange berets, kicked off their rally in Lagos at the Ikeja Under Bridge. They marched through major roads in the state capital, chanting solidarity songs, all under the watchful eyes of police officers. The Nigeria Police Force (NPF) had earlier urged the movement to call off its planned nationwide protests, calling the timing of the demonstrations “ill-conceived and mischievous.” In response, activist and former presidential candidate Omoyele Sowore swiftly rejected the police’s claims, asserting that the protest, which was scheduled for Monday, was not intended to disrupt the National Police Day celebrations. The Take-It-Back Movement protests often focus on broader issues rather than specific demands. The movement has been vocal in addressing concerns such as Nigeria’s economic state, the declaration of a state of emergency in Rivers State, and other national issues. In Oyo State, the movement held a peaceful protest in Ibadan, the state capital, with security forces present to ensure the demonstration remained peaceful and orderly.

Dangote Group Pledges to Make Nigeria Self-Sufficient in Cement, Petroleum, and Agriculture

Our Reporters1 month ago1 month ago03 mins

Dangote Industries Ltd. has reaffirmed its commitment to making Nigeria self-sufficient in key sectors including cement production, agriculture, mining, and petroleum refining. Dr. Abayomi Shittu, Regional Sales Director (Southeast) of Dangote Cement, made this declaration during an interview with the News Agency of Nigeria (NAN) on Sunday at the ongoing 36th Enugu International Trade Fair. “Dangote Industries Ltd. operates across multiple sectors such as cement, sugar, salt, poly products, real estate, agriculture, logistics, telecommunications, steel, oil, and gas,” Shittu explained. He highlighted that three of its major subsidiaries—Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc (makers of Dangote Salt)—are listed on the Nigerian Stock Exchange, showcasing the company’s strong investment presence in Nigeria. “Our continuous innovation, value creation, and investments in Nigeria are fueled by our firm belief in the country’s immense economic potential,” he added. Shittu further discussed the group’s impact, noting that the Dangote Sugar Refinery’s out-grower scheme has provided employment to thousands of farmers in its host communities, boosting local economies. He also emphasized the transformative role of Dangote Fertiliser in Nigeria’s agricultural sector, along with the expected economic benefits from the Dangote Petroleum Refinery, which is set to drive the development of related industries. “In addition, we hire engineering and technology graduates and provide training in various industrial operations to build local expertise,” Shittu said. He commended the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) for organizing valuable trade fairs, describing the Enugu event as a key platform, given the state’s strong industrial base in the Southeast and South-South regions. “ECCIMA trade fairs provide an exceptional opportunity for industries like ours to connect with customers and partners from these regions,” he noted. The 36th Enugu International Trade Fair continues to attract major industry players, highlighting investment opportunities and encouraging business collaborations.

Abia Government Denies Claims of Hiring Eastern Security Network (ESN) for Security

Abia Government Denies Claims of Hiring Eastern Security Network for Security

Our Reporters1 month ago1 month ago02 mins

The Abia State Government has dismissed reports circulating on social media that Governor Alex Otti approved the engagement of the Eastern Security Network (ESN) to combat crime and protect farmers in the state. The government labeled the report, attributed to an anonymous blogger, as false and malicious, aimed at spreading misinformation and causing unnecessary tension in the state. In a statement issued on Sunday, April 6, 2025, by Ferdinand Ekeoma, the Special Adviser to the Governor on Media and Publicity, the government reiterated that it does not support the involvement of non-state actors in addressing crime. The statement emphasized that the Otti administration continues to work with conventional security agencies, citing the successful implementation of “Operation Crush,” a joint security taskforce tackling crime statewide. Ekeoma also addressed the resurgence of the false report, stating that similar claims had been circulated before but were ignored. The government warned those responsible for spreading the fake news, promising severe consequences for those found inciting fear and violence. Abia residents were urged to ignore the misleading information and trust in the government’s ongoing efforts to ensure their safety.

Tinubu Approves 8,800 Health Centers Nationwide Shettima Calls Private Sector Involvement in Healthcare

Our Reporters1 month ago1 month ago03 mins

President Bola Tinubu has approved the creation of over 8,800 new Primary Healthcare Centres across Nigeria, along with the upgrade of existing tertiary institutions to address trauma, oncology, and infectious diseases. Vice President Kashim Shettima made the announcement during the commissioning of the Sulaiman Adebola Adegunwa Trauma Centre in Sagamu, Ogun State, on Saturday. He emphasized the need for greater private sector participation in healthcare reforms, stressing that the government alone cannot address the sector’s challenges. Shettima highlighted the Trauma Centre as a vital addition to Nigeria’s emergency care infrastructure, aligning with the government’s Health Sector Renewal Initiative. He noted the importance of trauma care in a rapidly urbanizing nation. He also praised the philanthropic efforts of Sulaiman Adebola Adegunwa, whose foundation built the facility. Shettima urged more philanthropists to invest in healthcare development. The Trauma Centre, built within Olabisi Onabanjo University Teaching Hospital, is part of the government’s broader plan to overhaul Nigeria’s healthcare system, including a National Health Insurance Scheme and a Digital Health Information Management System. The event also celebrated Adegunwa’s 80th birthday, with Ogun State Governor Dapo Abiodun praising his legacy of philanthropy. The Governor commended the improvement of Olabisi Onabanjo University and the commissioning of the Trauma Centre. Adegunwa expressed his gratitude for the support and emphasized the importance of giving back to the community. He also recalled his past contributions to the university, highlighting the institution’s special place in his heart. The Chairman of the Board of Management of Olabisi Onabanjo University Teaching Hospital, Dr. Kunle Hassan, acknowledged the trauma center’s potential to significantly improve healthcare delivery and pledged to ensure its long-term success. Traditional ruler Oba Babatunde Adéwálé Àjàyí also called for more federal presence in Remoland, pointing out the lack of federal universities and polytechnics in the area.