Coopital C.M.S To Acquire Expanse of Land in Epe for Estate Development

The Management of Coopital (Lekki) Cooperative Multipurpose Society Limited in a recent Emergency Ordinary Meeting (EOM) with its members informed all in attendance of the ongoing discussion to acquire no less than 20 acres of in Mojoda area in Epe. This is in line with Coopital C.M.S Ten (10) Years Business Plan and Growth Strategy.

Speaking at the meeting, the President, Mr. Eyo O. Eyo said that acquiring the expanse of land is only the first phase as it will progress to development of infrastructure and putting in place world-class amenities to make the estate a haven for members and indeed subscribers to the estate.

The amenities to be provided in the estate includes security gatehouse, water treatment plant, daycare center, shopping strip mall, sports center, recreation park, bike/walking trail, club house and so much more.

The opportunity to buy into the Estate Scheme is also open to members of the public.

Mr. Hamilton Ajiamah, Chairman of Building Committee for Coopital CMS said his team have been working tirelessly in search of land in Ibeju-Lekki and Epe areas to finally settle for Mojoda, after much due diligence were conducted.

Mr. Eyo further explained that the focus is to acquire the expanse of land and then provide Mortgage Loans to its members for the construction of homes under the society’s Affordable Housing Scheme. This scheme is the first of many schemes the cooperative plans to embark on, and is using this one as a springboard.

It was also gathered that the Cooperative is working with a team of experience professional in Real Estate like Jide Taiwo & Co., Lawyers like Natijas & Associates, Management Consultants like Creditude Global Services Limited and others.

Payment plans are available for Members and Non-Members. While the payment plan for members have been advised, the payment plan for Non-Members is as indicated below for this land acquisition:

  • Outright Purchase – N1.2m
  • 6 Months Plan – N1.4m
  • 12 Months Plan – N1.6m

The estate is to be known as Coopital Palm Estate, Epe.

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