REAL ESTATE DEVELOPERS ASSOCIATION OF NIGERIA
MESSAGE TO MEMBERS ON ARREARS OF ANNUAL SUBSCRIPTION
Dear Esteemed Member
FORBEARANCE ON ARREARS OF ANNUAL SUBSCRIPTION
The National Executive Council (EXCO) has considered the need for Members’ Inclusion and participation in the activities and affairs of your Association – the Real Estate Developers Association of Nigeria (REDAN). It noted that some Developers after registration have abstained from active involvement and relationship with the body because of their backlog of arrears of Annual Subscription. Some members took the option because of economic vicissitude of their businesses.
To embrace the old members and make for inclusive participation in the affairs of the Association, the EXCO has approved that members who are owing Annual Subscriptions be given forbearance / relief and are now to pay only the sum of Three Hundred Thousand Naira (=N=300,000:00) to regularize their membership. However, this window of ‘amnesty’ require members to regularize their account on or before the 30th of June 2018, when it will lapse. We urge the affected Members to take advantage of this opportunity.
You may wish to make payment into Zenith Bank Account No. 1010477448, Account Name is: Real Estate Developers Association of Nigeria
Wishing you a prosperous business in 2018 and beyond.
Executive Secretary Email: email@example.com, Phone: 08036508189
Dated: June 1, 2018
Opportunity for REDAN Members
Federal Mortgage Bank of Nigeria (FMBN), SHELTER AFRIQUE and Real Estate Developers Association of Nigeria (REDAN), have signed a two billion dollar Memorandum of Understanding to provide affordable housing for Nigerians.
The President, REDAN, Surv. Ugochukwu Chime said that one of the covenant of the MoU being signed was an opportunity to get the stock market and regular format that would enable the use of naira instead of dollar. Chime said that they have met with many artisans to see how they could contribute their quota in the delivery of affordable housing, adding that many artisans were currently undergoing training.
He called for the total recapitalisation of the FMBN, adding that over the years FMBN has being limited in their ability to deliver in their mandate because of poor capitalisation.
REDAN PRESIDENT REV. CHIME ON 2ND REDAN BUILDING EXPO 2018