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BIG STORY

PWAN Group Unveils Premier Build And Sale Estate

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Africa’s leading real estate network marketing firm, Property World Africa Network otherwise known as PWAN Group, has unleashed it’s maiden build and sale exquisite estate, on the bourgeoning Lekki axis.

Max Court, as it is called is the Group’s answer to all the questions that house owners are asking for, said PWAN Group’s Chairman, Dr. Augustine Ownumere explained at the ground opening of the estate, held recently at Oko Addo, Lagos.

He explained that Max Court is a unique blend of 39 apartment housing units consisting of Studio houses, one-bedroom, two-bedroom flats; and 55 semi-detached three-bedroom terrace duplexes and the flagship four bedroom terrace duplexes with BQ.

Designed to accommodate 84 families Max Courts sits on a little over two hectares of dry land, at Oko Addo, one of Lekki’s prime locations, where flooding is not an issue and located about three minutes drive from Victoria Garden City (VGC), Lagos.

Perfecting the ground opening ceremony Dr Onwumere, described Max Court as comfort redefined. He said: “We have taken into consideration everything to make residents enjoy the unique ambiance of Max Court and live comfortably. We have fantastic road networks, drainages, top-notch security, and automated gates. We understand that living is not just being in your house, but how you interact with the environment and how to relate to the people around you.

“Our independent power plants for round-the-clock electricity supply and sewage treatment plant are all located away from the residential area. A spacious green area has also been provided for maximum relaxation of Max Court residents in addition to recreational facilities as well as commercial centers or shopping malls. Your kids also can ride their bikes within the estate without the danger of being knocked down by traffic within the estate.”

The giant players in the real estate sector, which is reputed for having exceedingly very large banks all over Nigeria, hopes to sell out the entire 84 units within four months. Addressing marketers and PWAN partners at the occasion, Dr. Onwumere said; “It gives us great joy to be in front of you today, to do a groundbreaking exercise in this estate call Max Court. It is historic in the sense that videos and pictures will always point back to today when in two years’ time all the houses here will be fully built by God’s Grace.”

“Our vision is that within four months, the whole 84 units will already have Landlords that have been committed to paying for their choice of housing units in installment because the estate is in a good location. Take pictures; create awareness; this land has a Certificate of Occupancy and it’s secured. I believe that your coming here is not in vain, PWAN has given you a new product, a new life in selling Land and developing it. We have a new light in our business, this estate is declared open,” he added.

Invariably there is an added incentive to excite prospective buyers. “We are not just offering beautiful houses in a serene environment, but we are also offering the means to own them by providing mortgage facilities through our partners, Home Base Mortgage, and a host of others.

“Now I think that makes a whole lot of sense; and we want to make a lot of noise about it because that seems to be the issue with homeownership. Prospective investors can now access the facilities simply by contacting the PWAN Max office and the mortgage bankers. At Max Court estate, a prospective investor can buy a house with as little as two million naira, and one can choose how long he or she wants to pay up for the property of their choice. The process is without stress, you walk in here, pick your form, make your equity contribution and sign your contract,” Baron Okwuosa, PWAN Max’s Business Development Manager intimated.

“We have a very flexible payment plan. One could take as much as 20 years to pay up although it’s subject to reassessment, revaluation by the mortgage institutions. We have negotiated fantastic payment mortgage terms for prospective investors because we want to make this project special.

“Those who don’t want to take mortgage facility can also spread their payment plan for as much as eighteen months. We have put in facilities specifically designed enable you to own it; because if you cannot own it, the aim is defeated. The truth is; your client, my client, and everyone should be able to afford a unit in our exclusive residential estate because we have included the pay-small-small plan into the ownership process for everyone to enjoy.

The concept also took into cognizance the plight of beginners and young people, who desire to live in the rich neighbourhood of the Lekki axis. “Max Court is designed so that the largest segments of society which is the low and middle-income classes are considered and we are so glad that we have a product that fits their design,” Okwuosa related.

While deploying the company’s marketing potentials, the Group Managing, Dr Jayne Onwumere, urged Independent Marketers and PWAN Partners, to also aspire to become owners of some of the apartments in Max Court. “You are not just going to sell, you are going to also own. That is why you are PWAN Business Owners.”

“As you are thinking of selling to somebody also think of how you are going to own for yourself. If that is at the back of your mind, you will be thinking about how many units you will have to sale before I will be able to buy your own. That helps you make your moves and you are going to achieve that target. If you remember that PWAN Group started on a bar chair, without money and have now grown into this huge conglomerate, just believe that anything is possible; you can achieve your target,” she said.

BIG STORY

Lagos State Government To Concession Red And Blue Line Rails For Sustainability, Loan Repayment

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The Lagos State Government has announced plans to concession the operations of the Red and Blue Line rail systems to the private sector in order to ensure their sustainability and repay loans taken for the rail projects.

This announcement was made by the Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, during a recent TVC News interview, where he discussed the measures being implemented to ensure the continued viability of the state’s rail systems.

Osiyemi explained that the concessioning process would involve transferring the operations of the rail systems to private sector players for a defined period. This approach is intended to ensure the continued operation and effective management of the rail projects.

“The ultimate game is for all our rail systems we’ve done—that is, the Red Line and Blue Line—there is going to be some concessionairing with the private sector for a period of time to ensure sustainability and continuity,” he stated.

He added, “The concessioning would help pay back the loans taken for the rail projects.”

The commissioner emphasized that the concessioning strategy aims to ensure efficient operations and long-term financial sustainability, in line with the state’s vision for a world-class transportation network.

  • More Insight

Osiyemi further highlighted the substantial financial and technical challenges involved in operating rail systems, describing them as capital-intensive projects that require significant resources and specialized expertise.

To tackle these challenges and build local capacity, he noted that the Lagos State Government has enlisted foreign partners to temporarily manage the operations of the trains.

These partners are expected to not only ensure smooth operations during their tenure but also transfer critical skills to Nigerian personnel. The plan includes a structured training program lasting one to two years, after which the management of the rail systems will be fully handed over to local operators.

“What we have done is we have consulted foreign partners who, of course, would run these trains for a particular period of time and train our people—that is, transfer of skills.”

“They will train our people for one to two years, then hand over for our own management,” Osiyemi explained.

  • Things You Should Know

The Lagos State Government, under its Lagos Strategic Transport Master Plan, has set out an ambitious vision to develop a network of rail systems across the state.

Currently, only the first phases of the Red Line and Blue Line rail systems have been completed, with passenger services already in operation.

The Blue Line is a 27km electric rail line designed for sustainable operations. Its first phase, covering 13km from Lagos Marina to Mile 2, was completed in 2023 and began commercial operations in September, carrying over 2 million passengers to date.

The Red Line, spanning 37km from Agbado in Ogun State to Oyingbo in Lagos, operates on diesel. Its first phase, a 27km stretch, includes eight strategically located stations: Agbado, Iju, Agege, Ikeja, Oshodi, Mushin, Yaba, and Oyingbo.

The construction of the second phases of both the Red Line and Blue Line rail systems is being managed by the China Civil Engineering Construction Corporation (CCECC), which also oversees the operation of the trains.

Beyond the Red and Blue Lines, the state has plans for additional rail systems, including the 68km Green Line (Lekki Free Trade Zone to Marina), the 85.7km Purple Line (Redemption Camp to Ojo), the 48km Orange Line (Ikeja CBD to Agbowa), and the Yellow Line, all aimed at enhancing the state’s transportation network.

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BIG STORY

Lagos Commissioner Tokunbo Wahab Condoles With Families Of Epe Accident Victims

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Condolence Message from the Honourable Commissioner for Environment and Water Resources, Lagos State, Mr. Tokunbo Wahab.

I am deeply saddened by the tragic incident that occurred in our community, Epe, claiming the lives of two promising young adults, a dedicated tricycle driver, and leaving several other people injured. This heartbreaking accident has left our hearts heavy, as we mourn the loss of these young souls who were full of hope and dreams, and an industrious individual who worked tirelessly for his livelihood.

As a member of this community, I extend my heartfelt condolences to the families and friends affected by this terrible loss. I can only imagine the pain you must feel, and I want you to know that you are not alone in this moment of grief.

Let us honor the memories of these individuals by advocating for safety and awareness on our roads. As we move forward, may we find comfort in community and strength in one another. May their souls rest in peace, and may their families find solace and healing in the days to come.

Our thoughts and prayers are with you all.

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BIG STORY

JUST IN: Monday Okpebholo Sworn In As Edo State Governor

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Monday Okpebholo, a serving senator, has been sworn in as the governor of Edo State.

Okpebholo took his oath of office at about 1pm on Tuesday during the inauguration ceremony in Benin, the state capital.

As the candidate of the All Progressives Congress (APC), Okpebholo won the September 21 off-cycle governorship election in the state.

He polled 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party (PDP), who came second with 247,274 votes.

Olumide Akpata, the candidate of the Labour Party (LP), came third with 22,763 votes.

Dennis Idahosa was also sworn in as the deputy governor of Edo.

Dignitaries, including Vice-President Kashim Shettima, Abdulrahman Abdulrazaq, chair of the governors’ forum; Philip Shaibu, reinstated deputy governor of Edo; and other governors from the party, were present as Okpebholo took the oath of office.

The new governor later rode in an open-top van around the stadium, acknowledging cheers from supporters.

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