Home & Lifestyle - Nigeria Property Centre

Posts in category "home & lifestyle"

The current article is the third in our series on personal and residential security. Here is the link for the Part I and Part II of this series. Herein we shall highlight some issues, oversight that will pose a security risk, lapse if not factored in.

The first one is a penchant for hosting private parties, events, reception inside one's premises. This is quite common in Nigeria. The unprecedented insecurity situation in Nigeria calls for caution, restraint in organising "owambes" (parties) within one's premises. The snag here is that more often than not, uninvited folks will tend to gate crash into parties. The exception is where there is adequate access control and security practitioners on ground to checkmate intending gate crashers. Even when all the guests are duly invited and armed with their IV's, there is no guarantee they will not use such occasion to spy on the hosts property or acquisitions. Common sense should let us know that it is not everyone that has come to 'celebrate' with us that is truly happy with us, some may have some ulterior motive. More often than not, items and personal belongings grow wings aftermath of hosting parties, events within homes.
If you are concerned about the prospect of your personal effects disappearing sequel to hosting a party in your premises, please consider doing it in an Event Centre which are not in short supply these days.


    By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.
    Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.
    Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.

    Cost of Accommodation in Ikoyi

    Ikoyi is definitely a splendid place to live or work in. Peopled with well educated, enlightened group of residents and with a superfluity of luxury apartments in this part of Lagos, you can be sure to secure a comfortable accommodation comparable to those in Europe and America so long as you have the financial war chest. A typical 3 bedroom apartment in areas like Banana Island, Park view estate, attracts rent of as much as N24 million (about $150, 000) per annum while the average price of buying an apartment in Banana Island is upward of $8 million. It is common to see prices of real estate in this part of Lagos denominated in United States dollar. Banana Island an exclusive playground of Nigeria’s obscenely wealthy, is reportedly Nigeria’s most and expensive neighborhood – at par with the Seventh Arrondissement in Paris, La Jolla in San Diego, California and Tokyo’s Shibuya or Roppongi neighborhoods. Accommodation in places around Obalende and Dolphin estate are comparatively less expensive but still beyond the reach of many middle class folks.


    Our next port of call in this series of profiling what makes the different parts of Lagos tick, is Ibeju-Lekki.

    The name Ibeju-Lekki is derived from the name of two autonomous communities: Ibeju and Lekki. Ibeju-Lekki shares boundaries with Ogun state to the north, Eti-Osa local government to the west, Epe local government to the east and the Atlantic Ocean to the south. Some of the prominent communities in Ibeju-Lekki include: Abijo, Awoyaya, Lakowe, Bogije, Sapati, Igando-Oloja, Arapagi, oke-odo Elemoro, Akodo, Magbon-Alade, Eleko, Debojo, Solu-Alade, Iwerekun amongst others.


    In this series, we shall be chronicling different parts of Lagos State vis-a-vis what makes them tick, cost of accommodation, commercial activities and so on and so forth.

    Where else can we begin this series than from Ikeja - the Lagos State Capital/Seat of Government. Ikeja is part of what is known as Lagos Mainland. As well as been the State Capital, Ikeja is also a Local Government Headquarter. Official census figure put the population of Ikeja at about 4.5 million people which is keenly contested by the Lagos State Government. However, A United Nation's 2011 data suggests Ikeja is plausibly home to 11.2 million people. Ikeja is one of the most densely populated parts of Lagos State.


    Let me start with an adage that goes thus, ‘those who had their palm kernel cracked for them by the gods do not know what it takes to crack a palm kernel’. House hunting in Nigeria is definitely a herculean task. Folks that inherited houses or have not lived outside their parent’s abode and their enclave will not appreciate the challenges of renting an apartment, accommodation in Nigeria. It is a truism that house demand in Nigeria far exceeds its supply. It often happens that the house you reject for some reason is swiftly snapped up by another prospective tenant. A lot of times you see an apartment, fall in love with it, agree with the ‘agent’ or landlord on rent etc only for you to come back and discover that someone else offered a higher amount and paid in a jiffy. It’s a harrowing experience!

    I think I will pass for an old hand when it comes to house hunting in Nigeria. You will understand what I mean after registering with a couple of so-called unprofessional ‘estate agents’, buy them recharge cards, pay for their transportation only for your house hunting trip to hit a dead-end then they toss you to another of their colleague.


      This is a sequel to the first leg of my essay with the same title. I am poised to flesh out the earlier article by adding more tips that will aid you to protect yourself, your loved ones and your properties/investments. A lot of times, common sense goes a long way in enhancing security and safety. Problem is, common sense is not very common. Granted there are times when security breaches are inevitable but we need to take steps not to make it an easy ride for intruders, men of the underworld.

      1. There are far-reaching consequences associated with you not securing, pass wording your Internet connection. The proliferation and penetration of technology has its good and bad side. The advent of online banking, ATM transactions etc means savvy criminals do not necessarily have to hold a gun to your head or to physical break into your home before they can take your life savings. It is a growing phenomenon. There are rampart cases of criminals infiltrating into peoples homes or the offices of  organizations through their Internet connection (wireless router) especially when these facilities lack encryption or is not password protected. Suffice it to say that a criminal gains access through your unprotected Internet connection, logs into your online banking transactions and wires money out of your account. Apart from this, it will take some bad ass solicitors and favourable forensic evidence, alibi's to exonerate you should the Internet connection in your name be inadvertently used for some shady transactions because a third party hacked into it and perpetrated the act without your knowledge. Please do encrypt, password your wireless Internet facility.
      2. Cases of blanket invitation: A research by Sainsbury's Bank in the UK indicates that one third of people inadvertently give out the information through social media that they won't be at home or they will be traveling. Do away with a tendency to update your whereabouts or when you will be traveling on social media platforms.
      3. Avoid putting valuables on a window display or very conspicuous places. This happens quite a lot. I remember an acquaintance that was in the habit of placing his phone near his window each time he comes back from work. Incidentally his window was by the roadside hence all it takes is for an intruder to pass his hand through the window and grab anything within reach.
      4. Don't play the hero if and when you come in contact with daredevil criminals. They seldom harm if you comply with their instructions. If you can, call these emergency numbers- 767 (Lagos state) or Police control room (08073777717 or 07035068242) if you are in danger or you see anything suspicious around you. As is the case in advanced countries, I think it will help to have a memorable 3-digit national emergency number that Nigerians from the nook and cranny of the country can use to contact the Security Agencies or emergency services.


        The Insurance sector is no doubt a multi billion dollar industry. Simply put, insurance is a protection, an indemnity against future loss (Wordweb).

        The Real Estate industry, properties and home appliances in Nigeria are grossly under-insured. With a population of about 170 million people, there is no gainsaying the fact that there is a big market for insurance in Nigeria.


          This is not the best of times for many Nigerians as far as security of lives and properties are concerned. Nigeria's Print and electronic media are continually awash with pockets of terrorism, kidnappings, armed robbery attacks, and many a times, unnecessary show of power (arrogance of power) by some ogas-at-the-top. The rules of engagement have changed: religious leaders, elderly people, children and even pregnant women are not spared in this onslaught. If the hand writing on the wall is anything to by, wanton insecurity bedeviling Nigeria may not abate anytime soon. My postulation and inference is that the aforementioned societal ills will increase as unemployment spirals out of control. On the other hand, a flurry of negative activities will ensue as the 2015 general elections inch closer.

          Since many of us cannot afford bulletproof automobiles, we need to 'do the needful' in other to protect ourselves and our properties. That is the essence of this essay. I will be sharing nuggets of information that will help us to stay safe. Now to the nitty gritty: