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How Way and Life Concepts Limited is Setting the Standard in the Real Estate Industry

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Way and Life Concepts Limited is one of the real estate company that has been leaving indelible mark in the industry for its more than one decade of existence. Founded by Abraham Adebayo Shodiya an indigene of Ogun State, Abeokuta to be precise, though he was born and grew up in Agege, Lagos where he had his primary school at Bishop Oluwolel Memorial Primary School, after which he proceeded to Keke High School Ifako Ijaiye housing Estate and later Fstc Yaba where graduated studying Building Technology Programs.

He thereafter, ventured into Real Estate business with training from Realty Point Limited school of estate in 2008 from where he established his own real estate company, Way and Life Concepts Limited popularity known as “Money in Bush”.

Adebayo, registered the company as a business name “Way and Life Properties Concepts” in 2007 and it was later changed to Way And Life Concepts Limited when he upgraded it to a limited liability company.

The success of the company is attributed to their philosophy which set them apart from their competitors, according to the CEO, the philosophy of the Way and Life Concepts Limited is “the best way to live a real life is for us to pave way for investors to partner with us while we take care of their portfolio as a real estate manager, we also need to be open to customers and to tell them the nitty grity of the venture and how we are going to go about making their dream come through” he explained.

Reacting to stories making the rounds that many real estates Companies collect money but do not allocate land to their subscribers, Adebayo said it is quite unfortunate that business owners are not transparent. In his words “There is the need to be open in every business. There are challenges and if they have challenges allocating to subscribers they should call for a gathering to address them on what has transpired and the solution and plan to make sure the mess is taken care of, but their not allocating lands to the people and becoming silent or run away is not the solution. Doing that is bringing setbacks to the real estate business.

“Before parting with your money with any real estate agent or developer make sure you do your search to know if the company is registered and is a member of a government registered association. Verifications need to be done when it comes to real estate investment.”He stated.

Talking about the Omo Onile syndrome, Adebayo spoke about the solution to the albatross to the job of real estate. He explained that with his more than a decade experience in the real estate industry, he has been able to not only mastered how to manage the Omo Onile wahala but has also learnt how to relate with Governments simply by recognizing them as a player in the industry.

In his words, “In Nigeria real estate, Omo Oniles are also players in the industry but we have to come into understanding with them and so far this has been helping as they don’t come to disturb our customers”.

Adebayo also explained that they have been able to attract new customers and maintain old ones giving people the opportunity to live the real life and being transparent with their customers and their prospective buyers by exposing the nitty-gritty of the business to them to gain their confidence and thereby improving the real estate portfolio of the investors.

On how they handle issues with governments, he expressed his appreciation to the governments of Lagos, Ogun, Osun and Oyo State for their cooperation and the wonderful relationship they’ve been able to establish, he said their is synergy with these governments as they have good relationship with the Way and Life Concepts Limited from their ministry of Lands to the house committee that oversees land issue in the States.

Way and Life Concepts Limited is currently having housing estate projects available for subscriptions in Shimawa Ogun State, Imota-Ikorodu, Atan-Ota, Ifo and Ibeju Lekki, with a plan to spread the company tentacles to Oyo and Osun State, Adebayo Shodiya explained.

He explained further that one of the easiest ways to acquire land and houses in pocket friendly style is how the company fashioned its installment payment system while giving out heavy discounts to outright payers, he exposed that the company works closely with the clients to come up with a financial plan that will be suitable to both parties.

“We sit down with our customers and make payment plans that will not be difficult for them and us, we also help them build at affordable prices from the foundation level to D.P.C, from D.P.C level to roofing level, from roofing level to external finishings, internal finishings e.t.c. We do this to help our customers in becoming homeowners in the alternative to the cumbersome process of bank loans.

He also said in the case of any investor who dies in course of investment, before the proper handing over of the property to the family who is the next of kin, in his words
“All of our investors have a filled form with us. In the form there is a column for next of kin, this does not mean the property (s)/investment (s) will automatically be transferred to the next of kin but we will get some other details of the investor through the next of kin after which we shall request for an administrative letter from the concern people of the investor. This letter is supposed to be processed from the court of investment/investor’s jurisdiction. This will help us to do a proper investment handover.” He explained.

In dealing with fraudulent people parading themselves as realtors, Adebayo Shodiya calls for due diligence, according to him “You cannot loose totally in real estate investment especially if you have visited the said property site before or during the period of investment.
We presently have private regulatory body and Association who will not cover any fraudulent Estate Company. To avoid the repeat of such, investors need to do their due diligence before parting with their money.”

Responding to issues with allocation, he explained that the company allocates in batches, he stated that “For any of our new projects, we allocate in batches of minimum of 50 to 100 allottees while any of our developing projects produces immediate allocation to individual buyers.

“We have had some cases where we had allocated to so many subscribers while they were still paying in installment, some paid half of the property price, some paid 80% and were allocated. We still plan to repeat such as we kick off our new projects in Simawa, Mowe, Atan-Ota and Ifo areas.” Adebayo revealed.

Our role is to set up every possible mean that will make real estate investment convenient for our prospective customers while the role of our customers and prospects is to be up to date in their payment structure as no business will thrive without exchange of money and consistent activities, Shodiya concluded.

 

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OONI DISSOLVES IFE DEVELOPMENT DEVELOPMENT BOARD (IDB), TO CONSTITUTE NEW BOARD SOON

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Arole Oodua Olofin Adimula & the paramount ruler Ooni Adeyeye Enitan Ogunwusi, CFR, Ojaja II, has dissolved Ife Development Board with immediate effect. This development was officially announced Monday evening through a Press Statement by the Ooni’s Director of Media and Public Affairs, Otunba Moses Olafare directing President of the Board Comrade to hand over to the palace’s Traditional Secretary, Comrade Idowu Salami to see to the interim administration of the board pending when the board will reconstituted as soon as possible.
Otunba Olafare who backed his action with a letter of board dissolution personally signed by the Ooni, dated 26th, April 2024 and earlier today Monday morning served on the president of the board, Comrade Lawrence Awowoyin wherein the monarch expressed gratitude to members of the dissolved board for their dedication and commitment creditably displayed through service well rendered to the best of their abilities in the last five years.
“Even though it has become imperative for His Majesty the Arole Oodua to dissolve this current board in the best interest of Ife development, may I assure the affected stakeholders of the Ooni’s best regards as Ooni Ogunwusi acknowledges the invaluable contributions of the outgoing board members, recognizing their tireless efforts in fostering progress and prosperity within the community. Also in the letter, His Majesty has extended his appreciation for their service, highlighting their hard work and dedication as catalysts for positive change in Ile-Ife.” Olafare said.
“Let it be added that, as the Ife Development Board(IDB) is dissolved today, Ooni Ogunwusi has directed the outgoing board members in his letter to them to hand over all documents and other belongings of the board to the Palace Traditional Secretary pending the constitution of a new board. This transitional phase reflects the Ooni’s commitment to ensuring seamless continuity in governance while preparing for the appointment of a fresh team of leaders to drive the cradle city’s development agenda forward.” Olafare added.
Otunba Olafare described the dissolution of the Ife Development Board as positive signal of a new chapter in the journey of Ile-Ife, characterized by renewed vigor and steadfast commitment to progress under the enlightened leadership of Ooni Adeyeye Enitan Ogunwusi, CFR,Ojaja II who highly respects the intensified inundations from indigenes of Ile-Ife both home and abroad.
According to him, the Ooni is very much aware that the ancient city looks towards the future, and that anticipation mounts for the establishment of a new board that will build upon the achievements of its predecessors and steer Ile-Ife towards greater heights of prosperity and excellence assuring that the Africa foremost monarch is already in broad consultations with a view to constituting a new board on the Square Peg-Square Hole principle.
In the concluding part of the Press Statement, The Ooni’s Media Director; Olafare said for transparency and accountability, the account of the board shall be subjected to professional auditors for a smooth take off of the new board.
President and other members of the just dissolved board were inaugurated in 2018 for a tenure of 3 years and re inaugurated in the year 2021 for a second term of another 3 years which is expected to terminate in 6 months time before it was announced today to have been dissolved by the Ooni.
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What Sanwo-Olu said on minimum wage

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The Lagos State Government has not increased the minimum wage, contrary to the impression in some media reports, which emanated from the unveiling of Eko Cares – the umbrella for the various interventions to protect the poor against the effects of the prevailing economic hardship. The event was held at the Governor’s Office in Ikeja on Wednesday.
Governor Babajide Sanwo-Olu has been erroneously quoted as saying that a new minimum wage of N70,000 had been announced. This is wrong. Mr. Governor never said so. He said since January, civil servants had been earning the N35,000 wage award directed by the Federal Government. In other words, those earning N35,000 now earn N70,000. He did not announce a new minimum wage of N70,000.
His words: “I know that by the grace of God very very soon we’ll see a new minimum wage that will be approved for the Federal Government and for the state government. The civil servants and all public officers, they know that since January we have continued to pay the wage allowance of minimum of N35,000 over and above what they were earning before.
“People that were earning a minimum of N35,000 to N40,000 before, they are now earning over N70,000. So, it’s important for people to know and for us to lay this thing very clearly. This government has doubled up and has not left its citizens on their own…”.
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NEWS

BreakingNews: Ex-governor of Kogi, Yahaya Bello, Withdrew $720,000 for Child Education

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The EFCC Chairman said made a direct phone call to the former governor out of respect, urging him to appear before the commission and address the charges. Unfortunately, the former governor declined the invitation.
Governor Yahaya Bello has alleged to summoned the EFCC to make an appearance in his village.
The Chairman of EFCC, Ola Olukoyede, stated that the ex-governor of Kogi, Yahaya Bello, removed $720,000 from the state’s official account and transferred it to a Bureau de Change agent in order to prepay his child’s school tuition fees.
Olukoyede highlighted the importance of Nigerians supporting the EFCC for its success, emphasizing that the agency’s failure would reflect negatively on Nigeria. He pointed out that the ongoing efforts have positively impacted the value of the Naira and the foreign market.
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