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Nairaland Forum / Nairaland / General / Properties / Cost Of Plot Of Land Behind Obasanjo Farms Ota (1388 Views)
Urgent Sale Of Plot Of Land / Urgent Sale Of Plot Of Land For Sale At Ibeju Lekki, Bought From Revolution Plus / A Poultry Available For Sale @ Ijagba, Behind Obasanjo Farm, Ota,ogun State. (2) (3) (4)
Cost Of Plot Of Land Behind Obasanjo Farms Ota by debeey87(m): 9:51am On Nov 12, 2018 |
Hi People, I got an offer to buy a land with 9 rooms built on top behind Obasanjo Farms in Ota. So I'll like to know how much does a plot of land cost in the area currently so I can do the right valuations. Thanks |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by emmanuelewumi(m): 10:50am On Jun 15, 2020 |
debeey87: Good saw your question on the stock market thread, currently banned by the anti spam of the Investment section . How much is the premium? For how long will you pay the premium? What is the total premium you are expected to pay? Have you started the annuity program? What will happen to the premium paid, for instance God forbid if the Investor dies before 50 yesrs.? Your answer to these questions will determine the advice I will give you. |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by debeey87(m): 3:08pm On Jun 28, 2020 |
Thanks sir for coming here to answer this question. 1. I currently pay 204,932 every quarter as premium (I've contributed over 2m currently) 2. Maturity date is 27/11/2036(15+yrs more of contribution). 3. Total premium I am expected to pay is ₦28,867,076.00 4. I started the annuity program in November 2017 5. The investor's next of Kin gets paid the premium contributed so far. emmanuelewumi: |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by emmanuelewumi(m): 3:17pm On Jun 28, 2020 |
debeey87: How long will you collect the monthly payment of 500k |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by debeey87(m): 3:21pm On Jun 28, 2020 |
Till death emmanuelewumi: |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by emmanuelewumi(m): 3:27pm On Jun 28, 2020 |
debeey87: I prefer stating for a given period. If it for 10 years, and the person dies after 2 years. The next of kin will collect the balance But till death is not straight forward. Some people collect for 6 months and they died, it is still till death 2 Likes 1 Share |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by debeey87(m): 3:36pm On Jun 28, 2020 |
I'll have to review the policy document again to see if it's stated there(duration). But there's a provision for the next of kin to get the balance should the policy holder die after payment(500k) commences. |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by emmanuelewumi(m): 3:40pm On Jun 28, 2020 |
debeey87: At 800k per annum you will need close to 30 years to build up a total premium of N28 million |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by debeey87(m): 3:59pm On Jun 28, 2020 |
emmanuelewumi: Below is a screenshot of my account. Going by that information, I am not contributing for 30yrs to get that premium at maturity. My assumption is that they're probably using compound interest. Again I'll have a look at the policy document tomorrow at worm
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Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by emmanuelewumi(m): 4:13pm On Jun 28, 2020 |
debeey87: Okay it was compounded |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by debeey87(m): 4:32pm On Jun 28, 2020 |
emmanuelewumi: So what's your opinion about such a retirement plan, particularly because aiico might not be here in another 20yrs. |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by emmanuelewumi(m): 4:36pm On Jun 28, 2020 |
debeey87: Aiico is more than 50 years old in Nigeria, so I believe the company will still be around |
Re: Cost Of Plot Of Land Behind Obasanjo Farms Ota by debeey87(m): 4:43pm On Jun 28, 2020 |
Ok sir. Thanks for your time emmanuelewumi: |
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