Connect with us

News

The Ordeal of A Nigerian Business Man In UAE: How I Fought  Against Real Estate Cartel In Dubai.

Published

on

AS wealth- to- do Nigerians continue to explore the investment opportunities in Dubai, United Arab Emirates (UAE), a Nigerian business man, who confided in Mega Icon Magazine has alerted Nigerians business men to be wary of people of dubious and mischievous characters whose main priority is to capitalise on the prevailing corruption in the country by swindling any Nigerian investor in the United Arab Emirate of their hard- earned money.

The source, a Nigerian based Engineer and Entrepreneur made this revelation against the backdrop of the experience he had while dealing with a Dubai the ‘First Group’.

According to the  source, who spoke to our correspondent via telephone conversation from his base in Dubai narrated his ordeal which ensued as a result of his desire to invest in real estate in the oil rich country.

When our correspondent sought for clarifications on what transpired in the said business transaction, he revealed: “being a legitimate business man, I have always desired to invest in real estate and having visited Dubai several times and knowing the great opportunities inherent in investing in the real estate in that country, I was happy when I had an opportunity to invest in their hospitality business, not knowing that i was dealing with people of dubious character.

ALSO READ  COVID-19: Oyo govt vows to secure boundaries to halt interstate movement

“I was approached to buy an Executive Suit in the First Central Tecom, Dubai, United Arab Emirates from first group property . I made some payment through a company, the seller’s representative, named ‘TGF PROPERTY MANAGEMENT’. The agreement was that the suite will not be totally handed over to me until I finish all the payment they requested for.

“Eventually, I made the final payment of 1,597,231 United Arab Emirates Durham on the Seventh of May, 2013. I was expecting them to do the final hand over of all the necessary documents which they refused, but instead, they told me that the suite will be managed by another company, ‘The Forever Green Management LLC’ on my behalf.

The source continued : “What happened afterwards was that they started remitting some small amount of money to me which according to them is the proceeds from the suite. I was surprised because we never discussed this and moreover, how they came about the rents for the suite was not disclosed to me. All my plea to make them do the needful and acted based on the agreement we had fell on their deaf ears.

“I was left with no choice than to hire an attorney who engaged them in a legal tussle and eventually got them to release the “Title Deed”, the document which states my proof of ownership just August, last year (2016) which is three years after I made the final payment”.

ALSO READ  Oyo Pensioners laud Ajimobi on multiple two months pensions’ payment

“Up till now, I am yet to take the full possession of the suite but I am confident that with the faith in God and help of my attorney, I will totally hands off these people from the property. I am saying this because I don’t want other people to make the same mistake and should be more watchful and careful as regards the people they want to be doing business”, he warned.

 

Hazeez Ayansola.

Advertisement
Comments

News

Kidnappers Must Be Treated As Terrorists – Tinubu Declares

Published

on

By

In a stern address at a Ramadan dinner with members of the Federal judiciary, President Bola Tinubu declared that individuals involved in despicable crimes such as kidnapping must be treated as terrorists.

The President, speaking passionately, reiterated the government’s unwavering commitment to defeating banditry, labeling those who engage in kidnapping as cowards incapable of confronting the might of the Nigerian Armed Forces.

“We must treat kidnappers as terrorists,” President Tinubu asserted, as reported by his spokesman, Ajuri Ngelale. “They are cowardly. They have been degraded. They look for soft targets. They go to schools and kidnap children and cause disaffection. We must treat them equally as terrorists in order to get rid of them, and I promise you we will get rid of them.”

The President made these remarks during the dinner attended by serving and retired judicial officers, including notable figures such as former Chief Justices of Nigeria, Justice Mahmud Mohammed, and Justice Walter Onnoghen.

The event provided a platform for discussions on various issues, including the escalating security challenges faced by Nigeria, particularly in the North-West and North-East geopolitical zones.

Nigeria has grappled with terrorism, banditry, kidnapping, and oil theft, with the aforementioned regions experiencing a surge in insurgent and bandit attacks over the last decade.

ALSO READ  From Ramoni ‘Hushpuppi’ to Abidemi Rufai ‘Sandy Tang’

President Tinubu’s government has remained steadfast in its stance of not negotiating with bandits, despite the continued abduction of schoolchildren and residents for ransom.

The recent mass abduction of 137 schoolchildren from Kuriga in Kaduna State serves as a stark reminder of the ongoing security threats.

The President also addressed the need for judicial reforms and improved welfare for judicial officers.

Recognising the challenges faced by the judiciary, President Tinubu pledged to implement necessary reforms to enhance the welfare and working conditions of judicial officers. He emphasised the importance of fair compensation and support for the judiciary, acknowledging their pivotal role in upholding the respectability of the judicial arm of government.

In response, Chief Justice of Nigeria, Justice Olukayode Ariwoola, commended President Tinubu for his commitment to judicial reforms and for hosting the Ramadan dinner in honour of judicial officers.

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, also expressed gratitude to the President for forwarding the executive bill aimed at addressing the stagnant state of judges’ salaries and allowances since 2007.

President Tinubu’s declaration underscores the government’s resolve to combat insecurity and hold perpetrators of heinous crimes accountable.

Continue Reading

News

Abiodun Unveils 50% Discount Rice Scheme to Aid Ogun Residents

Published

on

By

 

Governor Dapo Abiodun of Ogun State has said that his administration will commence the sale of rice at half the market price across the state to alleviate the prevailing economic challenges in the country..

Addressing attendees at a special Iftar organised for the League of Imams and Alfas in Abeokuta, Governor Abiodun emphasised the importance of alleviating the economic burden on the public, particularly civil servants.

He stated, “We have decided to commence the sale of rice. We will be selling it at the rate of 50% of the actual price.”

Highlighting the significance of restoring the purchasing power of public servants, the governor affirmed that the initiative aims to counter the impact of inflation.

He asserted, “What we are trying to do is put them in the position they were before the inflation.”

The governor disclosed the establishment of a committee to oversee the distribution of rice to residents, ensuring transparency and accessibility.

He emphasised the sustainability of the programme, stating, “If we sell at the price it was sold before it becomes expensive, it will allow us to use the money to buy more and continue to sell.”

Also, the governor pledged free rice distribution to the less privileged segments of society, including the poor, elderly, and vulnerable individuals.

ALSO READ  2019: Beware, APC will use and dump you – Primate Ayodele warns Tinubu, urges PDP to consider Saraki for victory

Encouraging Muslims to uphold virtuous behavior beyond the fasting period, Governor Abiodun urged continuous prayers for the well-being of the state and the nation.

He reiterated his commitment to constructing a modern secretariat for the League of Imams and Alfas, promising a landmark facility that would set a standard for other states.

In recognition of his efforts towards peace and empowerment, Governor Abiodun was honoured with the title of Ambassador of Peace in Islam during the event.

Attendees also offered special prayers for the upcoming 72nd birthday celebration of President Bola Tinubu, scheduled for March 29th.

Imam Tajudeen Adewunmi, the Secretary of the League of Imams and Alfas, commended Governor Abiodun for his dedication to empowering Muslim youths and fostering goodwill within the community.

 

Continue Reading

News

Makinde’s Ibadan Circular Road Project, A Monumental Fraud – Says Oyo APC

Published

on

The All Progressives Congress (APC) in Oyo state has cried out over alleged monumental fraud which the party claimed it discovered in the partial execution of the Ibadan Circular Road Project, warning the administration of Governor Seyi Makinde that the unabated corruption being perpetrated by the ruling People’s Democratic Party (PDP) could plunge the state into irredeemable doom in the nearest future.

At the commissioning ceremony which took place at Badeku Junction on Ife-Ibadan Express Road last Friday, Governor Makinde announced that the Ibadan Circular Road Project which, according to him, was the largest investment in Oyo state in 50 years had cost a whooping sum of N300billion.

Anambra state governor, Prof. Charles Soludo, was the Special Guest of Honour at the event.

In a reaction which was contained in a statement issued today and made available to journalists in Ibadan by its Publicity Secretary, Olawale Sadare, Oyo APC queried the governor on the rationale behind the government’s redesign of the road project to occupy 425 meters as setbacks in both sides when the standard measure for any Trunk ‘A’ road does not exceed 60 meters across the globe.

“So, the ongoing indiscriminate demolition of properties of poor citizens is to serve the interest of the governor and his cronies”.

ALSO READ  DUBAI PROPERTY SAGA: FG URGED TO REVIEW FOREIGN POLICY.

“Many questions are begging for answers as far as this matter is concerned; how did Governor Makinde spend N300billion on less than a quarter of the whole project when his predecessor, late Senator Abiola Ajimobi, had awarded the contract for its design, construction, and completion as well as payment of compensation to those who might lose their properties to construction activities at a total cost of N70billion in June 2017 while the contractor had done about 20 percent of the work before he was sent away when the PDP government came on board in 2019?

“In July 2021, Governor Makinde announced that he had re-awarded the same project to another contractor at a total sum of N138.2billion but last Friday when a stretch representing about a quarter of the whole project was being commissioned (for suspended use by the public), the governor claimed the completed portion had gulped N300billion. The entire circular road project was designed to cover 110 kilometers and the whole world wants to know the fraction which has now cost N300billion to be done and also, how much the remaining three quarters would cost.

“Meanwhile, tongues would continue to wag on the issue of the large expanse of land forcefully acquired from the owners in the name of road construction. The fact remains that the people of the state cannot trust a government that is popular for land fraud as is the case in Ajia, Wofun, Bashorun, Bodija, and Land Lagos Express Road among others in the last four years. Those hapless landowners are accusing Governor Makinde of a surreptitious plan to seize their land and later sell it to some strangers from the East.

ALSO READ  Reps order arrest of Ex-FCC desk officer, Kolo over job racketeering allegations

“Another issue of concern is that of the supposed Agodi-Gate Junction Improvement project which has been identified as another conduit to siphon the resources of the state. All the state is doing is evacuating roadside traders, clearing some blocked drainages, laying light asphalt, and installing traffic lights, then later claiming several billions of naira as the cost of the exaggerated repair works on the popular junctions at Ibadan Civic Centre and Agodi-Gate.

“The sad thing is that the proceeds of these inflated contacts end up in private pockets without any trace. This kind of funds is what some governors in other states are using to rejig agriculture, fix the education sector, and address hardship among the masses among other things in their domains. Public primary and secondary schools are in dire need of subject teachers, virtually all the inner and access roads are in bad shape, no public tap water anywhere in the state, the population of the poor increases every day, and yet, Gov. Makinde mis-appropriates scarce resources to the detriment of the welfare of the people. This has to stop.” APC said.

Continue Reading
Advertisement

Tweets by ‎@megaiconmagg

Subscribe to our Newsletter

* indicates required

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Trending