Mr. Saheed Bashir, Group Business Development Manager; Mrs. Mercy Edukugho-Aminah, Managing Director both of Meristem; Engr. Femi Akintunde, Group Managing Director and Mr. Damola Akindolire, Executive Director, Real Estate both of Alpha Mead Group at the official signing of MoU between both organizations in Lagos, recently.
In its quest to help more Nigerians in Diaspora fulfill their home ownership dream, Alpha Mead Development Company (AMDC), a member of the Alpha Mead Group, last week signed a Memorandum of Understanding, MoU, with Meristem Trustees Limited.
The MoU, under the Meristem Diaspora Trust (MDT), will see AMDC render property development and acquisition services for the benefits of Nigerians in diaspora and Meristem will, in turn, render trust administration services to clients to protect their interests in the property development and acquisition process.
“This new partnership will open Nigerians in the diaspora to a new opportunity to own choice Real Estate assets in any lifestyle residential estate developed by AMDC,” Engr. Femi Akintunde Group Managing Director for the Alpha Mead Group explained.
Engr. Akintunde said the novel initiative further re-echoes AMDC’s determination to continue to improve the process of home ownership for middle-income Nigerians home and abroad. He said this new relationship with MDT presents another opportunity for to Nigerians in the diaspora who are eager grow their Real estate assets back home.
In his remarks, Damola Akindolire, Executive Director, Real Estate, Alpha Mead, said: “this is a novel initiative, and we are not just proud to bring yet another opportunity to our diaspora customers, we are excited about our choice of partner on this initiative. We have no doubt that this AMDC-Meristem relationship will be a game changer, and we are especially delighted about the possibilities it will present to our customers who can now do Real Estate transactions in Nigeria without the fear of being swindled”.
Akindolire furthered: “the uncertainty in the oil prices have proven Real Estate assets are worthy investment options at times like this and with Meristem coming to the platform, we are pleased to unveil an innovative platform that will not just ease the homeownership process for Nigerians in the diaspora, but also guarantees the authenticity of the transaction”.
Saheed Bashir, Business Development Manager for MERISTEM expressed delight at the commencement of the agreement, saying; “we are delighted to enter into this partnership with AMDC. We believe this relationship will resuscitate the needed trust and confident for Real Estate transactions in Nigeria. We must also say that we are pleased with what AMDC is doing. We are attracted to them because of their innovative ways of approaching home ownership; and on this occasion, we are pleased to be part of this milestone”.
By Marc Philips
The AMDC-Meristem MDT is coming in the wake of a recent MoU which AMDC signed with the Nigeria Mortgage Refinancing Corporation (NMRC) to address financing issues faced by current and prospective home buyers.