News
Real Estate firm offers 70 % mortgage funding for home ownership, Residency in Abu Dahbi
An Abuja-based Real Estate firm, WEPHCO Technologies has entered into a partnership with the government of Abu Dhabi to provide investment opportunities for interested Nigerians in the public and private sectors to invest in the gulf state’s rising real estate sector.
The mouth watering deal offers Nigerians up to 70 % mortgage financing to enable them own homes in Abu Dhabi which comes with an offer of residency.
The firm enjoins civil servants to take advantage of the offer to prepare for life after retirement with an investment that guarantees an appreciable returns.
Founder/ CEO of WEPHCO Technologies, Harvey Wisdom Nwachukwu said this while speaking with journalists at the sidelines of the Abu Dhabi House Extravaganza, NetZero Investment event held in Abuja, on Saturday.
According to him, what the partnership is introducing to Nigeria and Nigerians is a pre and post-retirement investment opportunity for investment in real estate.
He said, “What we are introducing into Nigeria is post and pre-retirement investment funding and this post and pre-retirement investment opportunity. It is an avenue where by Nigerians who are in the public and private sector including civil servants can invest their funds while they are still working and after retirement then they can have something to fall back on. The Post and pre-retirement investment funding opportunity.
“Wepco is here to help Nigerians to invest in real estate and other beneficial areas that can enhance their success and as a result of that we are partnering with Abu Dhabi government to bring about this NetZero investment projects which is the Wepco Abu Dhabi House Extravaganza programme which we did today.
“With this Abu Dhabi Extravaganza Housing projects, every civil servant in our communities both post and retired civil servants can find a way of investing their money and get high level of return which we call the ROI which come from less than 10-30% return investment.
“As we all know, the Abu Dhabi is a tourist location with 80% tourism and some of the benefits which you will enjoy over there is the stability of the economy, zero percent taxation and other benefits which go with having even residence those areas,” Nwachukwu said.
He explained that with UAE residency, you can travel upto 198 countries in the world either visa free or with visa on arrival.
This, he said, confers on Nigerians who enjoy traveling across the globe an added advantage because our laws recognize dual citizenship.
According to him, other people can have their money kept in the banks over time without investing it, such funds he noted could lose about 13 percent of their value but when it is invested in real estate for example, it not only improves in value with time, it also serves as a legitimate investment with high returns.
He further said, “With the contract which we have signed with the UAE government beneficiaries can have more return in investment which can serve them while they are sleeping at home. We have bring this to serve Nigerian communities and the entire West Africa.
“With the NetZero investment if you are a civil servant you can pay 30% of the project and be able to get mortgage of up to 70% of the project which it more affordable for everybody.
“So, those civil servants who are in cooperative societies can afford to buy this property because when you are in cooperative society you can have access to gather money and with this you can have the ability to buy a home in some of these estates. It is affordable and our partners are not individual partners and that is why we signed it with the UAE government.”
Abu Dhabi is a city, known for its ultra-modern architecture, luxury shopping and lively nightlife scene. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. The city of Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. End
By Our Reporter
The Management of Federal Housing Authority FHA, under the leadership of Hon Oyetunde Oladimeji Ojo has asked residents of its estates in Abuja to provide approvals and approved documents and building plans for commercial purposes to the office of the Managing Director and Chief Executive Officer, Federal Housing Authority FHA, Abuja forthwith.
A Press statement issued by the management and signed by the Public Relations Officer, Kenneth Chigelu on behalf of the authority directed the submission to be carried out at the Authority’s Head office, Julius Nyerere Crescent, Asokoro , Abuja beginning from Wednesday , 3rd April , 2025.
The directives covers all buildings irrespective of the approval dates , that became expedient , following management discovery of sharp practices by commercial outlets ,as most of this buildings are built either without approval and or in contravention to the granted approval.
Chigelu stated that management discovered that some commercial buildings are in contravention of approval granted them, through alterations in total contravention to the development control regulations of the Authority.
Following the danger posed , management will not allow such negative consequences that will pave way for indiscriminate building collapse, therefore, a controlled demolition was carried out by the authority, with a building with structural defects in March , 2025, on 5th Avenue, Gwarimpa Estate.
Consequently, owners of commercial apartments, which included Hotels , Supermarkets, Hospitals, Schools and Banks including shopping malls through this announcement are expected to submit their approved plans for revalidation.
Management expect strict compliance to this directive, as violators will attract heavy sanctions with authority’s non negotiable stance .
The release further said ..
SPECIAL PUBLIC ANNOUNCEMENT
“The Management of Federal Housing Authority, FHA hereby calls on all owners of commercial properties in FHA Estates in Abuja, Federal Capital Territory to submit their approved building plans to the office of the Managing Director and Chief Executive, at the Authority’s head office, No 26 Julius Nyerere Crescent, Asokoro Abuja from Wednesday, April 3rd, 2025.
“This directive which covers all buildings irrespective of when the approval was given, has become expedient following Management’s discovery that most commercial outlets in these Estates are built without approvals, or developed outside the granted approval.”
” Management has also discovered that some commercial buildings are in contravention of the approval granted them for alteration, in total contravention and disregard to Development Control regulations. ”
“Following the dangers posed by this development, the Management of FHA would not fold its hand to allow this looming disaster to happen. It is to avert the ugly incidence of building collapse that the Authority carried out a controlled demolition exercise of one of its buildings with structural defect on Monday, 24th March. 2025 in 5th Avenue. Gwarinpa estate.”
“Consequently, all owners of commercial outlets: hotels, supermarkets, hospitals, schools, banks, shopping malls etc through this announcement are requested to submit their building approved plans for revalidation. All such buildings must undergo an integrity test.
Strict compliance to this directive is not negotiable as severe sanctions await defaulters. “
By Nahum Sule, Jalingo
The Taraba State Government, in partnership with the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), has successfully intercepted eight trafficked children who were en route to the South East and Cameroon.
In a statement to journalists in Jalingo, the capital of Taraba State, Mrs. Mary Sinjen, the Commissioner for Women Affairs and Child Development, revealed that the children had been deceived and transported to various southeastern states in Nigeria.
According to her, the children were trafficked to locations such as Aba, Onitsha, and Imo State under the false pretence that they were orphans.
The interception took place in Gembu, the headquarters of the Sardauna Local Government Area, where it was reported that the traffickers were seeking additional children to abduct.
Mrs. Sinjen affirmed, “Thanks to the prompt response from the Ministry and NAPTIP, eight of the children have been safely returned to Taraba State.
“The primary suspect, Mrs. Patience, along with several of her accomplices, has been apprehended and is currently in custody as legal proceedings commence.
“Search and rescue operations for other trafficked children are ongoing.”
She further emphasised that the state government will not tolerate any unscrupulous individuals who exploit children’s rights for illicit gain.
“This administration is wholly committed to ensuring justice, rehabilitating victims, and enhancing inter-agency collaboration to combat child trafficking,” she stated.
“We urge all residents to be vigilant and report any suspicious activities, as the welfare and protection of our children is a collective responsibility.”
In the meantime, authorities in Taraba have reiterated the importance of community vigilance and reporting any suspicious activities, stressing that safeguarding children requires a unified effort.
General Christopher Musa, the Chief of Defence Staff, has assured that all security challenges facing the nation will be effectively addressed by the year’s end.
This statement was made during the launch of attack drones and the demonstration of locally produced bombs, developed by a homegrown technology firm.
The event was attended by security specialists and senior government officials, as General Musa showcased the indigenous Unmanned Aerial Vehicles (UAVs) to the audience.
Accompanied by Ajao Adewale, the Federal Capital Territory Commissioner of Police, and Caleb Mutfwang, the Governor of Plateau State, General Musa emphasized the ongoing bureaucratic obstacles in acquiring military equipment from abroad.
Governor Mutfwang stressed the urgency for decisive measures against insecurity, calling on leaders to prevent any entity within the nation from possessing military capabilities.
The operational features of the UAVs were also demonstrated, with General Musa expressing satisfaction with this advancement, labeling it a pivotal step in combating insecurity in the country.