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From:
Date:
Subject:
1
2
Purpose
Deed of Assignment
Date of Inspection
Property Location
Plot Size
5230.42sqm
Prospective Holder
Certificate of Occupancy
10
Commencement date
11
Unexpired term
80years
12
C of O Registration
13
Infrastructure
14
Method of Valuation
15
Assumption / Limitation
information
Main Office
A. 5m2 x 9m2 = 45 X 2(floor) =90m2
90m2 @N150,000 / m2
B.
8m2 x 20m2
= 160m2
2
1600m @N150,000 / m2
24,000,000.00
37,500,000.00
=
11,250,000.00
1,264,450.00
12,514,450.00
13,500,000.00
=
=
=
104,608,400.00
117,122,850.00
117,122,900.00
VALUATION OPINION:
Having regards to the location, neighborhood character, improvements on site as well
as the appraisal process, the Valuer is of the opinion that the improvements on plot
no 6, Abuja, commands a value in the region N117,122,900.00 ( One Hundred
and Seventeen Million, One Hundred and Twenty-Two Thousand Nine
Hundred Naria) only
Edmond E. Sunday
Higher Estate Officer
Director (Lands).
Please, at page 87 is an application from Alhaji Abubakar Mohammed, holder of
Certificate of Occupancy No.18cfw-df5cz-6787r-d340u-20 with file No. Misc 51540
Covering Plot No.60 Cadastral Zone B09 Kado District, Abuja, seeking Honourable
Ministers consent to assign the unexhausted interest in the property in favour of
Eighteenth Engineering Co. International Ltd.
2 The subject property had earlier exchange hands between the title holder, Dalice
Property Development Company Limited and Alhaji Abubakar Mohammed by virtue of
Power of Attorney, vide page 77 and abc.
3.
4.
Adopting the approved rates for property Valuation within the Federal Capital
Territory and a Land Value Rate of N20,000/m 2 as applicable to the area, a Capital
Value of N117,122,900.00 ( One Hundred and Seventeen Million, One
Hundred and Twenty-Two Thousand Nine Hundred Naria) only was arrival at.
5.
You may wish to request the Hon. Minister to consider and approve the
application to assign plot No.60 Cadastral Zone B09 Kado District, Abuja , in favour of
Eighteenth Engineering Co. International Ltd, subject to the payment of the
following fees:a.
b.
c.
d.
e.
Bassey E. Nkang
Head of Estate Services
N 5,856,145.00
N 1,756,844.00
N 1,756,844.00
N
10,000.00
N
10,000.00
N 9,389,832.00
MEMO
To:
Thro:
From:
Ref:
SUBJECT:
Date:
4.
Adopting the approved rates for property Valuation within the Federal Capital
Territory and a Land Value Rate of N20,000/m 2 as applicable to the area, a Capital
Value of N117,122,900.00 ( One Hundred and Seventeen Million, One
Hundred and Twenty-Two Thousand Nine Hundred Naria) only was arrival at.
5. The Hon. Minister may wish to consider and approve the application to assign plot
No.60 Cadastral Zone B09 Kado District, Abuja , in favour of Eighteenth
Engineering Co. International Ltd, subject to the payment of the following fees:a.
b.
c.
d.
e.
Mainasara G. B
Director Lands
N 5,856,145.00
N 1,756,844.00
N 1,756,844.00
N
10,000.00
N
10,000.00
N 9,389,832.00