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...EFCC set to sell properties?
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Rating: 0 user(s) have rated this article
Posted by: westo,
on 7/25/2010,
in category "Consumer Watch"
Views: this article has been read 358 times
Abstract: A few weeks ago we had written on that with the number of confiscated properties under the control of the Economic and Financial Crimes Commission, it was probably the best place to go to buy real estate.
Waves, a landmark commercial developmenton Ozumba
Mbadiwe Street, Victoria Island. THe developer, Waves Project
Nigeria Limited was listed as having a non performing
N362,315,000 loan with Oceanic Bank. Will it be up for sale?
A few weeks ago we had written on that with the number of confiscated properties under the control of the Economic and Financial Crimes Commission, it was probably the best place to go to buy real estate. Though the piece was tongue-in-cheek, we were taken aback by the advertisement of the Commission requesting for firms to apply for consultancy services for Property and Asset Valuation as well as Property and facility management.
Only firms which have been licensed by the Nigerian Institution of Estate Surveyors and Valuers as well as the Estate Surveyors and Valuers Registration Board of Nigeria will be eligible to act as consultants in this regard. Perhaps bearing in mind the sizeable property portfolio of the EFCC, such firms must show evidence of annual turnover of at least N4billion. Should we start preparation of the biggest property deals of 2010?
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