The
feasibility of the plan would largely rely on the ability of the group to
recover the assets across the country. It would also be a major shift from its
initial lease administration of collecting rents from tenants occupying its
property.
NNPC
Chief Operating Officer (COO) Ventures, Babatunde
Adeniran, who disclosed this at the maiden edition of NNPC Properties Ltd (NPL), Festival in Abuja, said the plan would
be honed through commercial opportunities adding that the company has already
commenced the recovery of the corporation’s landed properties.
According
to him, NNPC Properties Ltd had shifted from the initial lease administration
of collecting rents from tenants of the NNPC Properties to exploring all
commercial opportunities available in the real estate market to efficiently
position itself as one of the key players of repute that fits the NNPC brand.
He
added, “The current aggressive commercial drive by the
NPL is yielding results as the company had recovered a number of the
corporation’s landed property which had been lying idle across the country.”
He
listed some of the recovered property to include: a 92-hectre parcel of land on
Chevron Drive, Lekki, Lagos; Royal Grove Estate, Port-Harcourt, and others in
Abuja and Kaduna.
He
lauded the subsidiary for developing the Third Party Home Ownership Scheme for
staff with competitive interest rates from reliable banks and affordable deals
from credible developers.
Managing
Director of the NNPC Properties Ltd, Danny
Sokari-George, stated that the company was determined to deliver quality
and affordable houses with the best funding options and cautioned staff member
against frivolous spending to be able to acquire house with ease.
George
said he was committed to turning the NPL into a revenue generating Strategic
Business Unit (SBU) of the NNPC.
Also
speaking at the event, officials of Access Bank and Infinity Trust Mortgage
Bank assured staff of friendly packages with low interest rates for property
acquisition. (Guardian)
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