{"id":5927,"date":"2022-05-28T23:18:55","date_gmt":"2022-05-28T23:18:55","guid":{"rendered":"http:\/\/mercy-homes.com\/?p=5927"},"modified":"2022-05-28T23:18:55","modified_gmt":"2022-05-28T23:18:55","slug":"ikoyi-building-collapse","status":"publish","type":"post","link":"https:\/\/mercy-house.com\/?p=5927","title":{"rendered":"Ikoyi Building Collapse Update &#8211; What to learn as a buyer"},"content":{"rendered":"<h2>Ikoyi Building Collapse Update &#8211; What to learn as a buyer<\/h2>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Ikoyi\"><b>Ikoyi<\/b><\/a>\u00a0is the most affluent neighbourhood of <a title=\"Lagos\" href=\"https:\/\/en.wikipedia.org\/wiki\/Lagos\">Lagos<\/a>, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Main_Page\">Wikipedia<\/a> tells us some of its exclusive suburbs, known globally around the World as part of the most expensive land. These include suburbs of <a class=\"mw-redirect\" title=\"Banana Island\" href=\"https:\/\/en.wikipedia.org\/wiki\/Banana_Island\">Banana Island<\/a>,\u00a0<a class=\"mw-redirect\" title=\"Parkview Estate\" href=\"https:\/\/en.wikipedia.org\/wiki\/Parkview_Estate\">Parkview Estate<\/a>,\u00a0<a class=\"new\" title=\"Mojisola Onikoyi Estate (page does not exist)\" href=\"https:\/\/en.wikipedia.org\/w\/index.php?title=Mojisola_Onikoyi_Estate&amp;action=edit&amp;redlink=1\">Mojisola Onikoyi Estate<\/a>,\u00a0<a class=\"new\" title=\"Osborne Foreshore Estate Phase I &amp; II (page does not exist)\" href=\"https:\/\/en.wikipedia.org\/w\/index.php?title=Osborne_Foreshore_Estate_Phase_I_%26_II&amp;action=edit&amp;redlink=1\">Osborne Foreshore Estate Phase I &amp; II<\/a>,\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Dolphin_Estate,_Ikoyi\">Dolphin Estate<\/a> etc.<\/p>\n<h2>With Ikoyi Collapsed building, here is what we learnt<\/h2>\n<p>This Popular Island is known for the extreme upper-class residents of Nigerian society. It is originally, the British Colonial Governments designated residential areas one of the wealthiest communities within <a title=\"Nigeria\" href=\"https:\/\/en.wikipedia.org\/wiki\/Nigeria\">Nigeria<\/a>. With average new apartment selling for US$1.5 million,\u00a0 reaching as high as $10 million.<\/p>\n<p>The most prestigious address such as Bourdillon Road, Alexander Road and Gerrard Road, covering Embassies like the Embassy of France, the <a title=\"List of diplomatic missions of Iran\" href=\"https:\/\/en.wikipedia.org\/wiki\/List_of_diplomatic_missions_of_Iran\">Embassy of Iran<\/a>, the Embassy of Iraq etc.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-5964\" src=\"http:\/\/mercy-homes.com\/wp-content\/uploads\/2022\/02\/ikoyi-map-300x270.png\" alt=\"Ikoyi map\" width=\"300\" height=\"270\" \/><\/p>\n<p>With this in mind enters a very hyped up development, the talk of the town, an international developer, Femi Osibona who has built across the globe is in town !.<\/p>\n<p>Has built-in UK, USA, South Africa and finally comes home to build a state of the art &#8216;Dubai Style&#8217; super luxury high rise. For the super-wealthy who can afford to pay dollars. Originally, the British Colonial<\/p>\n<h2><strong>Ikoyi building collapse update so far:<\/strong><\/h2>\n<ul>\n<li class=\"jeg_post_title\">The 2 sister buildings attached are now to be demolished under controlled demolition as they also failed Various structural integrity tests.<\/li>\n<li class=\"jeg_post_title\">The development company are to be charged for criminal offences over the loss of lives. Along with engineers, town planners, and architects; Also the Architects Registration Council of Nigeria for their roles in the collapsed building as well as some indicted companies such as the urban primer etc.<\/li>\n<li class=\"jeg_post_title\">The construction of the 3 high-rise buildings at Gerrard Road, Ikoyi, Lagos commenced even before provisional approval was granted as stated by (<a href=\"https:\/\/lasbca.lagosstate.gov.ng\/\">LASBCA<\/a>)<\/li>\n<li><a href=\"https:\/\/estateintel.com\/app\/directory\/fourscore-homes\">FourScore Homes Limited<\/a> is owned by property developer, Femi Osibona The 3 building, 360 degrees comprises two 15-storeys towers and one 21-storeys tower with 39 units of\u00a0 400sqm maisonettes on 3 floors, 600sqm &#8211; 800sqm penthouses, and 400 sqm 4 bedroom flats.<\/li>\n<li>Prices of these apartments as at the beginning of the project started from US $900000 dollars, however, the starting price is currently at US $1.2 million dollars to US $1.53 billion before the collapse with 61% sold out.<\/li>\n<li aria-level=\"1\">Client\/Developer: <a href=\"https:\/\/estateintel.com\/app\/directory\/fourscore-homes\">Fourscore Homes Limited<\/a>;<\/li>\n<li aria-level=\"1\">Main Contractor: <a href=\"https:\/\/estateintel.com\/app\/directory\/fourscore-homes\">Fourscore Homes Limited<\/a>; making them both architect and also builder.<\/li>\n<li>The structural engineer pulled out of the project as 4 floors become 21 floors<\/li>\n<li>Site closed down by LASBCA due to a failed structural integrity test but later reopened<\/li>\n<li>He was arrested alongside his wife and staff for contravening certification and planning laws<\/li>\n<li>The developer was released and went back to building<\/li>\n<li><a href=\"https:\/\/nairametrics.com\/2021\/11\/25\/deep-dive-into-the-ikoyi-building-collapse-questions-answered\/\">Femi Osibona<\/a>, the owner of Fourscore Homes, is one of the 45 persons who have so far been confirmed dead.<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5965 size-large\" src=\"http:\/\/mercy-homes.com\/wp-content\/uploads\/2022\/02\/ikoyi-luxury-apartments-826x1024.jpeg\" alt=\"Collapsed luxury building, Ikoyi\" width=\"826\" height=\"1024\" \/><\/p>\n<h1>What to learn as a buyer:<\/h1>\n<ol>\n<li>The fact that you are an international developer makes no difference if there is NO track record in the country of sale.<\/li>\n<li>Every country has its own Building regulations and legal compliances to guide each builder, with severe financial consequences and criminal charges if not followed, eg. the <a href=\"https:\/\/www.gov.uk\/government\/collections\/approved-documents\">UK<\/a>. Which has heavy penalties including imprisonment if you are found in breach of the law.<\/li>\n<li>Nigeria&#8217;s judiciary system has always been controversial, with Lagos State Building Control Agency (LASBCA) having its fair share. Law on the side of the rich than the masses<\/li>\n<li>\u00a0Some Lagos developers have built without approved structural plan an example is Lekki Gardens, which coincidentally did the same as Fourscore i.e raising apartment floors beyond legally approved structure by the government.<\/li>\n<li><span class=\"ILfuVd\"><span class=\"hgKElc\">Non-adherence to designs, lack of comprehensive subsoil investigation before designs are done, illegal conversion or alterations to existing structures, and use of quacks or unskilled builders.<\/span><\/span><\/li>\n<li>Buyer has therefore got to do their due diligence on developer before investing in their projects<\/li>\n<li>What is their track record of building and delivering in the Country of sale, NOT other countries<\/li>\n<li>Who are their financial backers, insurers etc?<\/li>\n<li>What are the public reviews on developers?. Visit their developments to be satisfied<\/li>\n<li>Have your own lawyer and legal adviser to do land search, review building approvals etc before you buy.<\/li>\n<li>3D images and prototype videos, brochures, celebrity marketers are NOT to be relied on<\/li>\n<li>When a price is too good to be true it most likely is<\/li>\n<li>Ask questions: Is the price quoted for completion of built as promoted or is the price just for a shell? etc<\/li>\n<li>Use a reputable agent Like <a href=\"http:\/\/mercy-homes.com\/\">MercyHomes<\/a> which offer tailor-made services, mortgages, brokerage etc<\/li>\n<li>Do NOT rely on developers lawyer but get one that is representing your interest solely.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h1>2022 year of bargain buys and high returns<\/h1>\n<p>Firstly, for Diasporans it means to be extra careful and diligent in your research before you let go of your hard-earned cash.<\/p>\n<p>Secondly, with the high inflation and exchange rate of N700+ to \u00a31, the Nigerian property market is looking to Diasporans to invest and rightly so.<\/p>\n<p>Most importantly, many offers are available, from land to residential, commercial, REIT, etc.<\/p>\n<h2><strong>call Angel now! +447956168784<\/strong><\/h2>\n<p><a href=\"https:\/\/surulerecountyapartments.com\/\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5919 size-large\" src=\"http:\/\/mercy-homes.com\/wp-content\/uploads\/2021\/10\/Untitled1-1024x431.png\" alt=\"Surulere County Apartments\" width=\"1024\" height=\"431\" \/><\/a><\/p>\n<h2>In conclusion, we wish all our clients, all diasporans and Home-based Nigerians a fabulous and prosperous healthy year!.<\/h2>\n<p>&nbsp;<\/p>\n<div id=\"articleHead\">\n<h1 id=\"firstHeading\" class=\"firstHeading\">UK Approved documents for building<\/h1>\n<\/div>\n<div id=\"bodyText\">\n<p><a title=\"File:Approveddocuments.jpg\" href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/File:Approveddocuments.jpg\"><img decoding=\"async\" src=\"https:\/\/www.designingbuildings.co.uk\/w\/images\/a\/a8\/Approveddocuments.jpg\" alt=\"Approveddocuments.jpg\" \/><\/a><\/p>\n<table id=\"toc\" class=\"toc\">\n<tbody>\n<tr>\n<td>\n<div id=\"toctitle\">\n<h2>Contents<\/h2>\n<p><span class=\"toctoggle\">[<a id=\"togglelink\" class=\"internal\" href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#\">hide<\/a>]<\/span><\/p>\n<\/div>\n<ul>\n<li class=\"toclevel-1 tocsection-1\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#Introduction\"><span class=\"tocnumber\">1<\/span>\u00a0<span class=\"toctext\">Introduction<\/span><\/a><\/li>\n<li class=\"toclevel-1 tocsection-2\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#The_approved_documents\"><span class=\"tocnumber\">2<\/span>\u00a0<span class=\"toctext\">The approved documents<\/span><\/a>\n<ul>\n<li class=\"toclevel-2 tocsection-3\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#A:_Structure\"><span class=\"tocnumber\">2.1<\/span>\u00a0<span class=\"toctext\">A: Structure<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-4\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#B:_Fire_safety\"><span class=\"tocnumber\">2.2<\/span>\u00a0<span class=\"toctext\">B: Fire safety<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-5\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#C:_Site_preparation_and_resistance_to_contaminants_and_moisture\"><span class=\"tocnumber\">2.3<\/span>\u00a0<span class=\"toctext\">C: Site preparation and resistance to contaminants and moisture<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-6\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#D:_Toxic_substances\"><span class=\"tocnumber\">2.4<\/span>\u00a0<span class=\"toctext\">D: Toxic substances<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-7\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#E:_Resistance_to_the_passage_of_sound\"><span class=\"tocnumber\">2.5<\/span>\u00a0<span class=\"toctext\">E: Resistance to the passage of sound<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-8\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#F:_Ventilation\"><span class=\"tocnumber\">2.6<\/span>\u00a0<span class=\"toctext\">F: Ventilation<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-9\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#G:_Sanitation.2C_hot_water_safety_and_water_efficiency\"><span class=\"tocnumber\">2.7<\/span>\u00a0<span class=\"toctext\">G: Sanitation, hot water safety and water efficiency<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-10\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#H:_Drainage_and_waste_disposal\"><span class=\"tocnumber\">2.8<\/span>\u00a0<span class=\"toctext\">H: Drainage and waste disposal<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-11\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#J:_Heat_producing_appliances_and_Fuel_storage_system\"><span class=\"tocnumber\">2.9<\/span>\u00a0<span class=\"toctext\">J: Heat producing appliances and Fuel storage system<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-12\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#K:_Protection_from_falling.2C_collision_and_impact\"><span class=\"tocnumber\">2.10<\/span>\u00a0<span class=\"toctext\">K: Protection from falling, collision and impact<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-13\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#L:_Conservation_of_fuel_and_power\"><span class=\"tocnumber\">2.11<\/span>\u00a0<span class=\"toctext\">L: Conservation of fuel and power<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-14\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#M:_Access_to_and_use_of_buildings\"><span class=\"tocnumber\">2.12<\/span>\u00a0<span class=\"toctext\">M: Access to and use of buildings<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-15\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#N:_Glazing_-_Safety_in_relation_to_impact.2C_opening_and_cleaning\"><span class=\"tocnumber\">2.13<\/span>\u00a0<span class=\"toctext\">N: Glazing &#8211; Safety in relation to impact, opening and cleaning<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-16\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#O:_Overheating\"><span class=\"tocnumber\">2.14<\/span>\u00a0<span class=\"toctext\">O: Overheating<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-17\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#P:_Electrical_safety\"><span class=\"tocnumber\">2.15<\/span>\u00a0<span class=\"toctext\">P: Electrical safety<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-18\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#Q:_Security_-_Dwellings\"><span class=\"tocnumber\">2.16<\/span>\u00a0<span class=\"toctext\">Q: Security &#8211; Dwellings<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-19\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#R:_High_speed_electronic_communications_networks\"><span class=\"tocnumber\">2.17<\/span>\u00a0<span class=\"toctext\">R: High speed electronic communications networks<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-20\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#7:_Materials_and_workmanship\"><span class=\"tocnumber\">2.18<\/span>\u00a0<span class=\"toctext\">7: Materials and workmanship<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"toclevel-1 tocsection-21\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#Reform\"><span class=\"tocnumber\">3<\/span>\u00a0<span class=\"toctext\">Reform<\/span><\/a><\/li>\n<li class=\"toclevel-1 tocsection-22\"><a href=\"https:\/\/www.designingbuildings.co.uk\/wiki\/Approved_documents#Related_articles_on_Designing_Buildings\"><span class=\"tocnumber\">4<\/span>\u00a0<span class=\"toctext\">Related articles on Designing Buildings<\/span><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ikoyi Building Collapse Update &#8211; What to learn as a buyer Ikoyi\u00a0is the most affluent neighbourhood of Lagos, Wikipedia tells us some of its exclusive suburbs, known globally around the World as part of the most expensive land. These include suburbs of Banana Island,\u00a0Parkview Estate,\u00a0Mojisola Onikoyi Estate,\u00a0Osborne Foreshore Estate Phase I &amp; II,\u00a0Dolphin Estate etc. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/posts\/5927"}],"collection":[{"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5927"}],"version-history":[{"count":0,"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/posts\/5927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/mercy-house.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}