Rullion's Blog

...Project Designed To Become Iconic Reference Point In Lagos Island The Lagos State Government on Tuesday said that the ongoing construction of the Ilubirin Housing Scheme would be completed before the end of the year while it would go on sale to members of the public from the first quarter of 2019. The Government, in a statement signed by the Commissioner for Housing, Mr. Gbolahan Lawal, said the development of the scheme, would be built in seven phases starting with the completion of the existing structure which is already underway, while other plashes of the project would be completed over a period of three years terminating in 2022. The Ilubirin Housing Scheme, initiated under the Lagos Home Ownership and Mortgage Scheme (LAGOSHOMS) in 2014 and conceived as a purely residential scheme, was redesigned to accommodate a live, work and play area in the scheme. Lawal said the State Government due to the massive housing projects ongoing across the State...

Long-term loans can be a positive exercise for the consumer and a business. The flexibility of an investor's limited capital is increased while the positive credit that they have developed makes it easier and potentially cheaper to borrow in the future, according to  www.finpipe.com . Introduction to long-term loans It is rare for a consumer or business to have enough cash on hand to invest in large and expensive items such as a house or car and long-term loans provide the necessary debt financing for these purchases. Long-term loans can be from three to 25 years in duration and in order to qualify a debtor must have a positive credit history, the ability to provide collateral, and capital. Provided that those criteria are met, a long-term loan can minimise the effect on operational cash flow, a debtor can borrow at a lower interest rate, a business can minimise investor interference, and it is also an effective way to build credit worthiness. Long-term loan advant...

The REIT approach to real estate investment offers a number of benefits to #investment #portfolios, including a history of competitive performance, liquidity, dividend-based income, diversification and transparency. REITs are total return investments. REITs are required by law to distribute each year to their shareholders at least 90 percent of their taxable income. Thus, REITs tend to historically be among those companies paying the highest dividends. The dividends come primarily from the relatively stable and predictable stream of contractual rents paid by the #tenants who #occupy the REIT's #properties

• Abolishes cash payment in revenue collection • Sets March 1 Deadline • Adopts 24-hour #Payment Platforms Lagos State Governor, Mr. Akinwunmi Ambode on Monday paid his #Land Use Charge, with an announcement that the State Government will no longer accept cash payment in revenue collection effective from March 1, 2018. Speaking shortly after paying at Opebi branch of Guaranty Trust Bank (GTB) in the presence of top management staff of the bank, Governor Ambode said the measure was aimed at improving on service delivery to residents of the State and as well block all revenue leakages. He said the transaction process in revenue collection has now been made easy for the people who, according to the Governor, can now pay every day, any time and online.   “In order to ensure that the government improves on the quality of service delivery to our people, effective from 1st March, 2018, no payment or taxes will be made by cash henceforth across the State. “Tax payers sho...

A Federal High Court sitting in Lagos has nullified the claim by the Nigerian Institute of Architects, NIA, that the Architects’ Registration Council of Nigeria ARCON, the regulatory body of architecture profession in the country, has been dissolved and therefore has no power to sanction erring members of NIA. The case commenced by originating summons filed on January 19, 2017, and brought pursuant to Section 2 and 12 (3) of Architects’ Registration Council of Nigeria Act 2004 Order 3 Rules 6 and 7 of the Federal High Court Rules 2009. The plaintiffs led by the immediate past president of NIA, include Arc. Tonye Braide, Arc. Abimbola Ajayi, Arc. David Majekodunmi and Arc. Dike Emmanuel had sought the following- Whether ARCON who are the defendants, having been dissolved, has power to perform any duty or exercise any statutory powers under the Architects’ Registration Act 2004. Whether the powers of the Architects’ Investigating Panel, AIP, are limited to allegation of ...