Trend Watch NG

03/04/2024

Tinubu Signs Amended Student Loan Bill Into Law

03/04/2024

OSOGBO BOGUS PROPERTY VALUE. EFFECT OF GREED AND YAHOO.
by Sulaimon Agboola

Lemme state categorically that cost of construction alone doesn't determine the market value of property. It's one of the factors, not the only factor. While market value can slightly be higher than the cost in some locations, it can also be lower in some other locations. There are so many other factors like, demand, proximity to administrative area, social infrastructure, then macroeconomics. So it's not a one size fits all thing. Anyone sighting the high cost of building materials as a justification for hike in rental value have little or no understanding of value.

Another point to note is that Investment in property is majorly a long term investment. Although their are other ways with which you can earn from real estate in a short term. That's left for experts, not some random Osogbo civil servants that will steal some office imprests once in a while to pay Contributions and gather the contributions to buy land and build house in Ogo Oluwa.

We currently have a bogus property value in Òsogbo Property Market. The #450,000 for a room and parlour self-contained apartment is not a true value. It's influenced by greed and Yahoo. Academically, it's based on demand. Because the price would have fallen if there's no demand.

While at the Valuation school, we didn't dwell too much on demand as a major factor for proper value, as much as other factors were discussed.

The influx of politicians from Lagos in the late 2010 was the first major hit on Osogbo Property market. This, experts believe it's sustainable because politicians will always be there. As one tenure goes, another will replace them. That's what's sustaining Abuja Property Market. Every four years, new Reps and Senators will be elected and those ones will also want to be called Abuja Landlord.

Even Politicians in Òsogbo right now cannot afford rents in the urban areas of Osogbo. Governor Demola Adeleke's SSAs prefer to live in Ikirun, Ede Iwo, and other sub-urban areas in close proximity to Osogbo. Because we're all competing with Yahoo boiz and greedy House agents.

The boom Osogbo is experiencing lately is the influx of Yahoo boiz and their small chops. We're all seeing the effect of what we decided to keep shut on. The apartment that you checked and you're complaining the rent is to high, will be paid for by a 17 years old yahoo boy within the next two hours. By the time you call again to negotiate, the next you'll hear is 'Bros Ìyẹn tilọ, there's another one at Owode Ede but Ìyẹn kan wọn diẹ sha. Bedsides you have to pay another mobilisation before I can take you there".

This is actually the beginning. The worse will soon come. Osun with an average salary of #50,000 leads all other 35 states in food inflation. And we're still unlucky with leadership. We have a Governor that's only interested in Lagos Weekend enjoyment rather than governance. Once 1pm ticks on Thursday laidis, "CPS, is my bags ready, Dele is waiting for me in Lagos". We're in for very long thing. Osun has greater potential to replicate the Lagos's Ounjẹ Eko Project. But is our own Governor aware of anything?

Another deadly factor is the attitudes of the quacks we all call house agents. A house of #200,000 with a total package of #500,000. Break it down Bro, what's in the package. I don't blame the quacks that much. I blame the property owners and the entire society for their hostility to Professionals. We all want a quick turnover and we're getting the result. A professional Estate Surveyor and Valuer will conduct a thorough tenant screening before admitting a tenant. An Estate Surveyor is mostly concerned about the longevity of the house and continuity of rent. Never about the first rent. A quack agent is only concerned about his own fee from the total package, that's why they prefer yahoo boiz. But a Landlord that have sense should be interested in who his tenant is. If not for the law that's weak in this side of the world. Any property that house yahoo boiz supposed to be demolished and the landlord jailed.

We have a lot of solutions staring us in our faces. Whether you're a Landlord, prospective landlord or prospective tenants. Patronise only professionals. There are a number of Registered Estate Surveyors in Òsogbo. For a rent of #200,000, a professional Estate Surveyor will never charge more than 10% agency fee and 10% legal fee to make #240,000 total package. You can negotiate this as the rental value increases. The agency fee is his own earning for taking you around, conducting a background check, and documentation while the legal fee goes to legal perfection of your tenancy.

Together we can frown at the Yahoo based economy we have in Osun. When I used to work as an Estate Surveyor in Lagos. I had landlords that will call Police if they see any traces of Quacks around their house. Quackery and Yahoo complements each other. Without quack agents and unsuspecting and greedy landlords, yahoo boiz won't thrive like they're doing in Òsogbo. With less yahoo boiz, inflation will be kept at check.

My name is Sulaimon Agboola, I write from Ogo-Oluwa Osogbo.

09/01/2024

BREAKING NEWS: President Tinubu Slashes Expenditure Of All Official Travels, Both Domestic And International By 6O Percent.

President Bola Tinubu Slashes Expenditure Of All Offical Travels (Domestic And International) By 60%.

FOREIGN TRIPS :

•President - 20 persons
•Vice President -5 persons
•First Lady -5 persons

LOCAL TRIPS

•President - 25 persons.
•Vice President- 15 persons.
•First lady -10 persons.

13/12/2023

BREAKING: Demolition of Rivers State House of Assembly Complex Reportedly currently ongoing.

11/12/2023

VIDEO: 27 of 32 Rivers State House of Assembly Members Defect From PDP to APC.

A significant political shake-up has occurred in the Rivers State House of Assembly, as 27 members have defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

09/12/2023

Style your holidays with Rukfat Fashion Hub.

Ring in the holiday season with style from Rukfat Fashion Hub! 🎁☃️ From trendy abaya to gorgeous bags and slippers, we have everything you need to make this holiday season the most stylish yet. Plus, don't miss our great deals and discounts - it's a win-win.

22/11/2023

Admission! Admission!! Admission!!!

International Institute of Journalism (IIJ) Osogbo Study Centre

This is to inform the general public that admission into the International Institute of Journalism (affiliated to the University of Maiduguri) for Diploma in Journalism, Pre- Higher Diploma, Higher Diploma and Postgraduate Diploma In Journalism has commenced for the year 2022/2023 academic session.

Prospective applicants are expected to pay the sum of Ten Thousand Naira *(N10,000)* only to the Institute's *ECO Bank Account Number: 2202070864,* after which they will present evidence of payment for collection of form at the Osun NUJ Press Centre beside Technical College, Osogbo, Osun State.

Applicants are advised to fill Bank Teller in their respective names for administrative purposes.

Application closes 30th November, 2023.

For more inquiries call any of the following numbers:*

0803 398 6680,

Or

07055303065.

E- signed: Abass Okandeji
IIJ Coordinator, Osogbo Study Centre

17/11/2023

Justice Hamza Muazu of the Federal Capital Territory High court has adjourned to November 22nd to rule on the bail application of Mr. Godwin . He also ordered that Mr. Emefiele be remanded at the Kuje Correctional Center.

The FG further accused the former CBN governor of also awarding a contract to Yaro for the supply of two Toyota Hilux Shell Specification Vehicles at the cost of N44,200,000 in 2020.

16/11/2023

The Court of Appeal has ruled that the governorship election in Zamfara State is invalid, and has ordered a fresh election in the state.

This decision overturns the previous declaration of Dauda Lawal as governor.

The court found that the use of the IREv system to declare Lawal as governor, without taking into account polling unit results, was unlawful, illegal, and unconstitutional.

The court has ordered that a re-run election be held in Maradun, Birnin-Magaji, and Bukyun local government areas.

16/11/2023

Osun State Governor, Ademola Adeleke, has approved the suspension of the state's Chief Judge, Adepele Ojo, following a recommendation by the Osun State House of Assembly.

The Assembly also recommended the appointment of Olayinka Afolabi as Acting Chief Judge.

The swearing-in ceremony of the Acting Chief Judge is set to take place tomorrow morning at the governor's office in Abeere.

Governor Adeleke has not commented on the suspension of the Chief Judge, and the reason for the action is not clear

16/11/2023

12/11/2023

INEC declares Ahmed Usman Ododo winner of the 2023 Governorship election in Kogi State having scored 446, 237 votes ahead of Murtala Ajaka of the SDP with 259, 052 votes.

12/11/2023

: INEC Announces APC's Hope Uzodinma As The Winner Of Imo State Governorship Election

04/11/2023

A 14-Year-Old Girl's Horrifying Account of How a FUT Lecturer Was Stabbed to Death: 'We Just Wanted to Beat Her Up'.

Part 2

Source: Channels Television

04/11/2023

A 14-Year-Old Girl's Horrifying Account of How a FUT Lecturer Was Stabbed to Death: 'We Just Wanted to Beat Her Up'".

31/10/2023

PDP Governors Arrive in Abuja as Tension Mounts in Rivers State.

30/10/2023

A Moment of National Embarrassment: Policewoman Sings National Anthem with Wrong Lyrics

30/10/2023

President Bola Tinubu renews confidence in his Chief of Staff, Femi Gbajabiamila.

30/10/2023

‘Rivers On Fire’: I’ll Resist Unjustified Impeachment, Gov Vows

Rivers State Governor, Sim Fubara, has vowed to resist any impeachment attempt against him that is not justified. The governor made this known while addressing the crowd on Monday morning.

29/10/2023

Receives At Presidential Villa

President Bola Ahmed Tinubu receives his Excellency, , The Chancellor of Germany on his working visit to .

26/10/2023

President Bola Tinubu Reacts To His Victory At Supreme Court.

Credit: TVC NEWS

26/10/2023

BREAKING NEWS

Supreme Court dismisses appeal filed by the PDP challenging the victory of president Bola Tinubu

In a unanimous judgment a seven member panel led by Justice Inyang Okoro dismissed the appeal for lacking in merit.

26/10/2023

APC Chairman Ganduje at Supreme Court Ahead of Verdict on 2023 Presidential Election.

With the much-anticipated verdict on the 2023 presidential election drawing near, the Chairman of the All Progressives Congress, Abdullahi Ganduje, was spotted arriving at the Supreme Court in Abuja.

The Supreme Court is due to give its ruling on the validity of the election of Bola Tinubu as president, and both sides are anxiously awaiting the outcome.

25/10/2023

Former Boss Abdulrasheed Bawa Freed After 134 Days in Custody.

After over four months in detention, former EFCC Chairman Abdulrasheed has been released from the custody of the Department of State Service.

TRENDWATCHNG has confirmed that Bawa was released from detention on Wednesday evening.

Bawa had been arrested on June 14, just hours after his suspension by President Bola .

The has not yet released a statement on the circumstances of Bawa's release, and there is no information yet on whether any charges have been dropped.

Credit: Abiodun Sanusi

24/10/2023

Kogi Gears Up for the Flag-off of the PDP Campaign, with Gov. Adeleke Arriving in the State.

The political season in Kogi is heating up as the flag-off of the People's Democratic Party's (PDP) gubernatorial campaign draws near. The incumbent governor of Osun State, Ademola Adeleke, has arrived in the state to lend his support to the PDP's candidate, Sen. Dino Melaye.

24/10/2023

Southwest Governors Visit Governor Akeredolu In Ibadan

16/10/2023

Decentralize Pension Verification to Save Lives, Osun State Pensioners Urge Government

Pensioners in Osun State are pleading with the state government to decentralize the pension verification exercise to avoid any deaths that may result from the long queues and stress of the current process.

They also urged the government to expedite the payment of their pension arrears.

The pensioners explained that the current process is slow and cumbersome, and has caused much hardship and suffering among elderly pensioners who have to travel long distances and wait for hours to complete the verification.

13/10/2023

Nigerian pop star, , and his wife, , were spotted leaving an hospital with their newborn twins.

27/09/2023

This is a developing story! Victor Osimhen was seen arriving at Napoli's team hotel ahead of the game against Udinese, despite the controversy surrounding the team's social media post mocking him.

The situation is getting more complex, as Osimhen seemed to ignore his teammates Demme and Zielinski but shook hands with team manager Giuseppe Santoro.

There's a lot of speculation about what might happen next, and it remains to be seen how this will affect the team's performance on the pitch.