Re­sort Sav­ings brings in­vest­ment prod­uct

Daily Trust - - PROPERTY - By Ben Atonko

Head of Trea­sury and In­vest­ment of Re­sort Sav­ings and Loans Plc, Mr. Jeff Eje­mai re­cently in La­gos un­veiled the com­pany’s in­vest­ment prod­uct in real es­tate say­ing the prod­uct yields re­turns for the in­vestor.

Re­sort Sav­ings and Loans Plc is a mort­gage bank in Nige­ria.

Eje­mai ex­plained that the in­vest­ment prod­uct is a fixed de­posit rang­ing from N500,000 to N2 mil­lion.

The in­vestor will be the ba­sis of the in­vest­ment for which a fixed rate of re­turn will be paid to the in­vestor in the form of in­ter­est at an agreed pe­riod not less than six months (180days).

Re­sort Sav­ings and loans will seek out to fund ex­ist­ing residential prop­er­ties be­ing con­structed in La­gos and Abuja and any other state cap­i­tal.

He said a min­i­mum in­ter­est rate of 15 per­cent per an­num is payable to such in­vest­ment.

The Head of Trea­sury and In­vest­ment noted that the level of risk in the real es­tate busi­ness is low adding in­vestors that their cap­i­tal will be safe.

Eje­mai said, “The aim of the prod­uct is to ex­tend the op­por­tu­nity for in­vestors to in­vest in real es­tate.

Such in­vest­ment will pro­cure not only a good re­turn on their in­vest­ment but also make it pos­si­ble for the in­vestor to save money.

“There’s cur­rently a deficit in hous­ing which gov­ern­ment alone can­not cater for, which ne­ces­si­tates the need for the pri­vate sec­tor to in­vest.

“Any in­vestor who puts his money into hous­ing pro­ject now will surely reap a good re­turn,” Eje­mai as­sured.

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