Minister of the Federal Capital Territory, Barrister Nyesom Wike has been commended for signing over one thousand Certificate of Occupancy to house owners in the sprawling River Park Estate, Abuja.
Mr. Paul Odili who now acquires full ownership of the estate commended the magnanimity of the minister in signing such a huge number of C- of- Os for an estate at once.
He said the kind gesture of the FCT minister will go a long way in encouraging investment in real estate and build robust confidence in house owners .
Odili on Saturday alongside other dignitaries at a brief ceremony held during a meeting at the estate handed over the Certificates to lucky house owners.
Lauding Wike, he said “the Honourable Minister of the FCT, Barrister Nyesom Wike has graciously signed over a thousand Certificates of Occupancy for beneficiaries on River Park Estate.
“I want to commend him, appreciate him for this noble gesture. He has helped us build more confidence to invest in real estate in Nigeria, Abuja especially.
“And I want to use this medium to thank the Director of Land in the Federal Capital Development Agency (FCDA).
“He has done marvelously well in ensuring the signing of these C – of – Os and it has greatly helped our project on this Estate
“I also thank all staff of FCDA secretariat like the Urban and Regional Department, Mapping and Survey Department, Estate Department and most especially the Land Department. My sincere gratitude goes to the administration of the FCT.
On the issuance of the Certificates, Odili said “this meeting was called to give them their C- of- Os because it was given to us in trust for those who are beneficiaries.
“That is why we have to call the Press to witness that it was actually delivered as was agreed by the FCT administration that, I Paul Odili, the developer, should take it and give it to them because I am the one that allocated these properties to them and that is why I have to make sure it is seen by all, that they were delivered as told”
During the meeting, Odili informed investors in the estate that he has fully acquired 100 percent stake in the business and he owned the estate completely.
Speaking on the new ownership, Odili said “Houses for Africa Holdings was owned by John Townley- Johnson who has 80 percent stake and he became our international partner for the development of the estate.
“But now, he has sold all the shares owned by Houses for Africa to me and now, I Paul Odili is now 100 percent owner of the River Park Estate, Jonah Capital Limited and Houses for Africa Nigeria.
“Adrian Ogun was the founder of Jonah Capital before Houses for Africa Holdings came to invest here.
“Now, both of them have relinquished their shares to me. Payment has been made, agreement signed and by January 30th, 2025, I will become the 100 percent owner of River Park Estate”
Confirming the new ownership status, John Townley – Johnson said “we no longer have interest in Houses for Africa Nigeria and we have now transfered our rights to Mr. Paul Odili.
“We think it was the best thing to do because he is credible in the real estate developing sector.
“We have absolute confidence in him, Odili, to handle the business. I think his involvement shows that the houses will be completed to the standard he has set for the estate”.
Also, Mr. Adrian Ogun confirmed the new ownership and expressed confidence in the new ownership.
He said he has come a long way as business partner with Paul Odili and was sure that the estate is in a good hand and that house owners will enjoy full services for their investments in the estate.
Some of the lucky house owners whose certificates of occupancy were issued praised the sincerity of Mr. Odili in dealing with investors on the estate.
Engr. Benjamin Ogwuche, President of KRPC Cooperative Society, Kaduna said “this is dream come true. We have come a long way with Paulo Homes. We have over 100 properties here . I am delighted that our members own houses here. These C- of- Os issued to us today are proof of ownership”.
Mr. Daniel Okoebor said he felt very happy receiving the certificate. He said “this show that my investment is now secured. It shows that I have title document and that my house is safe “
