PROFILE OF ODUDU & CO.
MISSION STATEMENT:
To be a leading innovative and well focused firm of Estate Surveyors and Valuers and
Real Estate Consultants providing quality services of international standard to its
clientele using motivated and first class professionals committed to high ethical
standards.
Missi
1.0
AUTHORITY TO PRACTICE
The firm ODUDU & CO. was duly registered to practice Estate Surveying and
Valuation profession in Nigeria since June, 1976. The firm has been making
significant progress and impact in the profession ever since. At the moment the
firm has seven strategically located offices in the country with its Headquarters in
Lagos. The Company is duly registered by the Estate Surveyors and Valuers
Registration Board of Nigeria, and The Financial Reporting Council of Nigeria.
2.0
PROFESSIONAL SERVICES PROVIDED:
2.1
Real Property/Facility Management and Maintenance:
We manage all types of properties: Residential, Commercial and Industrial. We
provide such services as letting or re-letting of property on behalf of clients and ensure
that covenants of leases are strictly adhered to. Other services include: drawing up of
Tenancy Agreements, indicating all the vital terms and conditions; space
allocation/utilization; assessment and fixing of fair rents; collection and documentation
of rents payable and remission of same to landlords, periodic rents reviews; provision
of approved/contracted services; payment of utility bills, statutory rates and charges;
etc.
Maintenance and Repair also fall under management and they refer essentially to the
usual repair/maintenance work of the building and the available services therein. This
aspect usually requires the preparation of maintenance budget, which may highlight
more about such repairs or replacement of worn-out/damaged components/parts of
the building and the redecoration of defaced surfaces (internal and/or external).
2.2
Valuation of Property/Facility
We value for various purposes all types of properties: Residential Properties,
Commercial Properties-Shops, Factories, Warehouses, Hotels, Restaurants and
Licensed premises, Plant, Machinery and Equipment. The resultant valuation report
will be useful in the following ways:
(a)
To know the relative worth of assets/properties for sale, letting or taxation.
(b)
For Balance Sheet or Account purpose (to reflect true or current worth of
assets/properties).
(c)
For Mortgage purpose e.g. to raise a loan for further expansion of business,
etc.
Profile of Odudu & Co.
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(d)
For insurance purpose e.g. to ensure that assets are adequately insured
against risk such as fire, tornado, etc.
(e)
For compensation purposes - to advise on adequate compensation to be paid
or claimed e.g. during a compulsory acquisition exercise by government.
2.3
Estate Agency
From our knowledge and advice on the market values of property, we can sell, buy
and let all types of landed properties on behalf of our clients. We also assist our
clients in preparing sales and letting particulars as well as advertising our clients’
properties in the most appropriate media.
2.4
Compulsory Acquisition and Compensation
We advise our clients whose properties are to be compulsorily acquired or already
acquired by government, statutory corporations or local governments, on the value of
their properties. We ensure that our clients’ rights are fully protected under the
provisions of the Land Use Decree No. 6 of 1978 or any other Statutory enactments.
We also assist in preparing and negotiating our clients’ claims with the acquiring
authorities.
In case of dispute as to the amount of compensation to be paid, we brief our clients’
solicitors and appear as expert witnesses at Land Tribunal hearings. We sometimes
represent or act for Acquiring Authorities by assessing and advising such authorities
on the maximum compensation to be paid to those whose properties are to be
acquired.
2.5
Town and Estate Planning
As Estate Surveyors, we specialize in such planning schemes that require an intimate
knowledge of the property market and “consumer preferences” with regard to type,
design, size, scope and mix of development or redevelopment schemes as would
permit the attainment of maximum realization of monetary returns on investments or
general utility for example, commercial and resettlement schemes.
2.6
Project Management
We supervise, on behalf of our clients, projects in progress. We report to our clients
from time to time, the progress of work on site, the contractors’ problems and the
activities of the other consultants being used on the project
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We also coordinate the efforts of other professionals to ensure that the project is not
only completed on time but also that activities of the professionals are closely
monitored and correctly utilized when needed.
2.7
General Real Estate Consultancy Work
As a general practice firm, we deal with most aspects of the Estate Surveying practice
as we have on our staff very reliable, qualified and seasoned professionals who are
experts in their respective fields and who render useful services to our clients on real
estate matters e.g. feasibility studies on some projects.
2.8
Valuation of Specialised Assets
We have been involved in the valuation of Bank Assets, including office equipment,
strongrooms/vaults. We have also been involved in valuation of floating docks, piers,
dolphins, specialized papermills machines, sugar processing plant and machinery; etc.
3.0
OFFICES OF ODUDU & CO.
Head Office:
IDONOR HOUSE
64, Alimosho Road, Off Iyana Ipaja,
Alaguntan Bus Stop, Lagos.
Tel: 08022914176,08074141756,
08037910907, 08023187130,08074139895,
08051958602,08074190005.
E-mail: wodudu2003@yahoo.com
Website: www.odudu.com
Branch Offices:
Apapa, Lagos:
9/11, Queens Barracks Road, Apapa,
Tel: 08077248654, 08022914176, 08074139895
Abuja:
Block A2, Suite 10, Commerce Plaza,
Durumi District, Garki 1, Abuja.
Tel: 0806-723-3018, 0805-078-0274.
08074141743, 08022914176,
08074728473, 08077248652.
Kano:
5, Beirut Road,
P. O. Box 5361,
Kano.
Tel: 08074141597, 08022914176,08035315771
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Benin City:
Imaro House, (2nd Floor),
266, Murtala Mohammed Way,
Benin City,
Tel: 08035594211, 08074723042,
08074723043,08022914176.
Maiduguri:
44, Sir Kashim Ibrahim Road,
P. O. Box 5263,
Maiduguri,
Tel: 08065871769, 08074723042,
08022914176, 08074684142.
Ilorin:
Survey House,
Klm 5, Jebba Road,
Ilorin, Kwara State.
Tel: 08069609925,08074723014,
08074141758,08022914176.
4.0
STAFF PROFILE
At present, the Company has staff strength of about seventy-eight (78) made up as
follows:
Professional Staff ……………………………………………………………………… 12
Admin./Accounts ………………………………………………………………………. 30
Technical/Clerical ………………………………………………………………………. 22
Others …………………………………………………………………………………… 14
The following are some of our key staff:
i.
W. O. ODUDU
B.Sc. (Est. Man) Lond, M.Sc., M.A. (Theology)
RSV., FNIVS, FRICS, AMNIM,
ACI. Arb., mni, PPNIVS, PPAPBN, JP.
Principal Partner and Past President of the
Nigerian Institution of Estate Surveyors and Valuers
(PPNIVS).
Past President of the Association of Professional
Bodies of Nigeria (PPAPBN)
Current Chairman: The Estate Surveyor and Valuers
Registration Board of Nigeria (ESVARBON).
ii.
MR. TONY ODUDU
B.Sc (EST. MAN), ANIVS RSV
iii.
MR. PAUL A. ATTEH
Bsc (EST. MAN), ANIVS RSV
iv.
MR. SAMUEL ESSIEN
B.Sc (EST. MAN)
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v.
MR. FESTUS AKADI
HND (EST. MAN)
vi.
MRS. MAUREEN GARUBA
HND (EST. MAN)
vii.
MRS. SHERIFAT ODUNSANMI B.TECH (EST. MAN)
viii.
MR. ADEDEJI AKANDE
HND (EST. MAN)
ix.
MR. CHUKWUMA OBUEH
HND (EST. MAN)
x.
MR. SODIPE MORUF
HND (EST. MAN)
xi.
MR. ALEX O. JAMES
HND (EST. MAN)
xii.
MR. MUIDEEN OLAPADE
HND (EST MAN)
xiii.
OSAMEDE C.ENABULELE
B.TECH (EST.MAN)
xiv.
BASH OGUCHE
HND (EST MAN)
5.0
OUR RETAINED CONSULTANTS:
I.
Professor Kunle Ade Wahab
M.Sc. Phd., MCIOB, MNIOB
HFNIVS, MNES, PPNIOB
ii.
Engineer S. A. Ojo
B.Sc. (Mechanical Engr.)
Plant & Machinery Valuer, FNIVS, ARICS
iii.
Lekmec Engineers Ltd.
Consulting Mechanical Engineers
iv.
Dr. Engr. James Abu
Phd., M.Sc., Civil Engr. PROD. Engr.
MI Mech Engr. (Civil & Mech. Engr.)
v.
Kofo Popoola & Co.
Chartered Quantity Surveyors and
Consulting Surveyors.
We have other supporting staff at the Head Office and at the Branches.
6.0
JOBS HANDLED
We have in recent past handled the following jobs:
a.
Valuation of Assets of (Liquidated) Sky Power Aviation Handling Company
Limited, nationwide worth over =N=572 Million.
b.
Valuation of Plant and Equipment: Assets of Skyway Aviation Company Limited
in Abuja and Lagos. A member of Sifax Group (SACHOL)
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c.
Valuation of Properties of Deeper Christian Life Ministry at the International
Bible Training Centre (IBTC) Ayobo, Lagos.
d.
Valuation of Assets of Lubcon Limited: Factory Complex including Plants,
Machinery and Equipments worth over =N=454 Million at Pilgrims Camp Road
Road, Adewale Industrial Layout, Ilorin.
e.
Valuation of Tank Farm & Assets of Lubcon Limited along Inland Water Road,
Marina, Calabar, Cross River State. Worth over =N=761 Million.
f.
Valuation of Crude Oil Vessel (Ship Trinity Spirit) belonging to Shebah
Exploration & Production Company Limited, (SEPCOL) located at Ukpokiti
Field.
g.
Valuation of The Redeemed Christian Church of God (RCCG) Zonal Buildings
in Lagos. Province 14.
h.
Niger Delta Development Commission: Compensation assessment handled on
behalf of NDDC for road construction purpose.
i.
Valuation of the fixed and floating assets of Bendel Soap Factory at Ogorode,
Sapele, Bendel State. This included the valuation of all physical structures,
plant, equipment and furniture.
j.
Valuation of Ijagbo Brewery Factory Complex - assets of Kwara Breweries
Limited. (Building, Plants, Machinery, Equipment and Floating assets).
k.
Valuation of Anadariya Farms, Anadariya Village, Tundun Wada Local
Government Area, Kano State, for Dantata Holdings Limited.
l.
Iviari and Agenebode Farms valued for Niger Valley Agro Industries Limited,
worth over =N=240.0 million.
m.
Valuation of Panti Tunkun Housing Estate, Bacita for Nigerian Sugar Company
Ltd., Bacita.
n.
Fixed assets of Lake Chad Research Institute, Maiduguri (Land, Buildings,
Plants and Machinery).
o.
Valuation of fixed and floating assets of the Nigerian Sugar Company Ltd.,
Bacita
p.
Zobe Dam Irrigation Project. We undertook demographic survey of the villages
affected by the project, and also carried out the valuation of physical structures
of affected communities.
q.
Valuation of the fixed assets of the Nigerian Airways Ltd., worldwide. Assets
worth over =N=50.0 billion. We valued assets in West Africa, Europe and other
locations.
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r.
Valuation of fixed assets of Leventis Group of Companies at Sokoto, Maiduguri,
Kano, Kaduna, Jos, Bauchi, Zaria, etc. worth over =N=250 million.
s.
Valuation of fixed assets of Nigerian Paper Mills Ltd., Jebba.
=N=4.5billion.
t.
Collection of water rates for the former Bendel State Water Board.
u.
Valuation of fixed assets of United Bank for Africa Ltd., in five branches in Edo,
Delta and Kwara States.
v.
Valuation of fixed and floating assets of the Federal Radio Corporation of
Nigeria (Eastern Zone).
w.
Valuation of fixed and floating assets of the Borno Radio and Television
Corporation, Maiduguri, Borno State.
s.
Valuation of assets of National Sports Commission (Ahmadu Bello Stadium
Complex, Kaduna) worth over =N=200.0 million.
y.
Valuation of fixed and floating assets of Benoni Hospital Complex, Benin City.
z.
Valuation of fixed and floating assets of Farmers Supply Company (Kaduna
State) Ltd.
aa.
Valuation of fixed and floating assets of Oluyori Bottling Company Ltd., Isanlu,
Kogi State.
ab.
Valuation of fixed and floating assets of the Advanced Teachers College,
Waka-Biu, Borno State.
ac.
Valuation of the Filling Station of Borno Supply Company Ltd., located in seven
towns.
ad.
Valuation of ELEGANZA BUILDINGS (a purpose-built Ultra-modern 18 storey
office complex) located along Joseph Street, Lagos. Worth over =N=2.0 billion.
ae.
Valuation of fixed assets of the Nigerian Ports Authority (Apapa Dockyard
Complex, Lagos). Worth over =N=6.0 billion.
af.
Valuation of fixed assets of Niger Delta Basin Development Authority all over
the country, worth over =N=165 million.
ag.
Valuation of fixed assets of the National Institute for Policy and Strategic
Studies, Kuru near Jos. Worth over =N=400.0 billion.
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Worth over
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ah.
Valuation of fixed assets of Okada Dry (Nig.) Ltd., Benin.
ai.
Valuation of fixed assets of the People’s Bank of Nigeria, throughout the
Federation. Worth over =N=300.0 million.
aj.
Valuation of fixed and floating assets of the Ile-Oluji Cocoa Products Company
Ltd., Ile-Oluji, Ondo State.
ak.
Valuation of fixed and floating assets of Continental Shipyard Ltd./NPA at
Apapa Dockyard Complex, worth over =N=5.0 billion.
al.
Valuation of the assets of Co-operative Bank at Enugu, worth over
=N=150.0 million.
am.
Valuation of the fixed assets of New Nigerian Bank Plc. Worth over =N=200.0
million. Exercise covered the Head office and several Branches of the Bank in
Edo and Delta States.
7.0
JOBS AT HAND
We act as Consultants to the following Banks:
(i)
The World Bank
-
Nigeria Mission
(ii)
Mainstreet Bank Ltd.
-
All Branches
(iii)
FCMB
-
All Branches
(iv)
Ecobank Limited.
-
All Branches
(v)
Access Bank Plc
-
All Branches
(vi)
Union Bank of Nig. Plc.
-
All Branches
(vii)
First Bank of Nig. Plc.
-
All Branches
(viii)
Keystone Bank Limited
-
All Branches
(ix)
Unity Bank
-
All Branches
(x)
Diamond Bank
-
Abuja, Ilorin, Maiduguri, Kano,
Benin City, Lagos Branches
(xi)
NEXIM Bank Plc
-
All Branches
(xii)
Zenith Bank
-
All Branches
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(xiii)
GT Bank Plc.
-
All Branches
(xiv)
Fidelity Bank Plc
-
All Branches
(xv)
Bank of Industry
-
All Branches
(xvi)
Wema Bank Plc
-
All Branches
CONCLUSION:
It is pertinent to remark that we are a fast growing firm, Chartered Surveyors and
Estate Surveyors and Valuers, we are well staffed with persons absolutely dedicated
to serving the public in all legal ways. We believe that our services will be more in
demand in the coming years as more persons/institutions become aware of the role of
the Estate Surveyor and Valuer in the society.
Our firm is totally committed to making its utmost contribution to the development
process of our environment in the aforementioned areas for betterment of all Nigerians
and the country in particular. The fees charged for carrying out any of the abovementioned duties is as provided for in the scale of approved professional charges of
the Federal Government for the Nigerian Institution of Estate Surveyors and Valuers of
which we are accredited members.
W. O. ODUDU, mni.
(Principal Partner)
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