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Abuja Housing Show to Host 400 Exhibitors, Others

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  • Abuja Housing Show to Host 400 Exhibitors, Others

Over 400 exhibitors and 20, 000 participants have indicated interest to attend this year’s Abuja International Housing Show, the organiser has said.

The organising firm, Fesadeb Communications Limited, said expectations for this year’s edition were very high as local and international exhibitors had confirmed attendance and readiness to showcase their latest products and innovations to their clients and buyers.

According to the firm, as an international event, participants will cut across at least 15 countries including the United States, United Kingdom, United Arab Emirates, South Africa, Kenya, Ghana, India and China and there will be a high level delegation of international diplomats and foreign ministers of works and housing, including Ghana’s Samuel Atta Akyea.

“Abuja International Housing Show is not just a business and investment event, it is also a choice destination for those seeking relevant and up-to-date information about housing, construction, mortgage, investments and real estate management,” the firm said in statement.

It added that there would be at least 30 local and international speakers who would be sharing their knowledge and experience around this year’s theme of ‘Driving sustainable housing finance models in the midst of global uncertainty —a testament to how it continues to be an invaluable experience for building professionals in Nigeria and across the globe.’

The Vice-President, Prof. Yemi Osinbajo, is expected to declare the show open, according to the firm.

“The highly anticipated event will hold between July 23 and 26, 2019 in Abuja and participants are guaranteed to witness elite conferences and special sessions such as the CEO Forum, Housing Finance and PropTech Conferences, Not Too Young to Own a Home and the Women in Housing Convention, among others,” the firm said.

It explained that notable among the international speakers would be Lew Shulman, Debra Erb, Kecia Rust, Anders Lindquist and Robert Hornsby, whose impact in the global housing environment were immeasurable.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Senate Summons NICON, AIICO, Others Over N17.4bn Pension Remittances

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pension fund

The Senate Public Accounts Committee has summoned the management of the NICON Insurance Plc, AIICO Insurance and other insurance companies over their alleged failure to remit N17.4bn pension fund to the Pension Transitional Arrangement Directorate.

The Senate hinged the summon on the 2016 report of the Auditor-General for the Federation which unraveled the alleged non-remittance of N17.4bn pension fund to PTAD.

Appearing before the panel on Monday, the Executive Secretary of PTAD, Dr Chioma Ejikeme, informed the lawmakers that PTAD took over the assets and liabilities of the defunct pension offices without a formal handing over.

She said, “On taking over, the directorate wrote all underwriters to make returns and remit whatever amount that was in their custody into a CBN dedicated account.

“Some of the underwriters responded to the request while some did not.

“The bank certificate of balances, accounting statements, three years financial statements and policy files requested by the federal auditor were not handed over to PTAD at the time of consolidation.

“It is worthy to note that we discovered that N17.4bn which comprised of cash, securities and properties from the nine insurance underwriters was unremitted as a result of the letter PTAD sent to them.

“These figures represent the claims by the underwriters with regards to their indebtedness.

“In order to ascertain the true position of legacy funds in custody of underwriters, the directorate appointed a consultant in 2018 who carried out forensic audit of nine out the 12 insurance underwriters and produced a final report on the recovery of the legacy funds and assets for PTAD.”

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Sterling Homes Plans To Reduce Housing Deficit

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Sterling Homes Limited has said it is committed to working with the government through private public partnership to reduce housing deficit in all the geo-political zones in the country.

The Managing Director, Mr Kunle Adeyemi, said this during an event on the company’s rebranding organised as part of its 10th year anniversary in Lagos on Friday.

During the event, the company while expressing commitment to excellence and customer satisfaction, unveiled its new logo with colours to define its mission and objections.

We want to be present in all the six geo-political zones on Nigeria by providing affordable luxury homes, excellent torch. So for us, there is a need for us to rebrand and have a new direction and vision.

“We want to partner with the government on the present housing deficit; we want to embrace a public, private partnership with the government to reduce the deficit in every geo-political zone.”

The managing director said that one of its unique selling points was its after sales services which was top notch.

He said it ensured that its customers were taken through the journey of actualising their dreams of becoming home owners.

While noting that everyone deserved to have a comfortable home despite the economic situation, he said it had designed a structure payment plan with zero interest in some cases to help intending home owners.

He said it also had provisions for high breed options and developing areas to accommodate various income levels.

Before the end of the year, he said, Sterling Homes would be establishing new presence and projects in other regions.

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Mutual Benefits Drives Financial Inclusion

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Mutual Benefits Assurance Plc says it is committed to deepening financial inclusion and creating easy accessibility for insurance in the country.

A statement from the firm on Friday said it expressed this commitment when it inaugurated its South-West region franchise operations in Ibadan, Oyo State.

The Managing Director, Mr Femi Asenuga, said this was part of its efforts to develop the insurance business and create values.

He said, “The role we all have to play is to be ambassadors of Mutual Benefits.

“A franchise is a well-known word and the way Mutual Benefits practices franchise is in our normal style of creating and adding value; we never rest.”

Asenuga said that the firm was working with stakeholders to increase awareness and take its message to the grassroots.

In developed economies, he said, insurance firms owned banks. He regretted that this was not the situation in Nigeria.

He said the firm would provide stakeholders with the platform and support to make them excel as a member.

The Managing Director, Mutual Benefits Life Assurance Limited, Mr Ademola Ifagbayi, appreciated the stakeholders and urged them to take advantage of the franchise.

The Group Managing Director, Odua Group, Mr Adewale Raji, in his address, advised stakeholders to be committed and showcase good character and integrity.

He said, “The Odua investment is owned by the six South-West governments and it is in our interest when economic, businesses and investment spreads across the South-West states.

“This is an opportunity for us to strengthen insurance penetration within the South-West states.”

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