Services

It is located at Omu Ishoko village in Mowe at Obafemi Owode local government area of Ogun state.

Dancoops housing project is surrounded by adjoining estates such as; Makun Estate, Golden Heritage Estate, Wisdom Estate, Pentagon Estate etc.

The estate has a motorable link road to the Lagos/Ibadan Expressway. It is less than 5 minutes to the Redemption camp and about 20 minutes drive to Lagos toll gate.

Development of about 2,000 units of low-cost housing for members of Dangote

Group Multipurpose Co-operatives Society Limited (“Dancoops”) and the entire Dangote Group (“Dangote”).

Housing typologies and prices

I bedroom block of flats - N19,500,000

2 bedroom block of flats - N30,000,000

3 bedroom block of flats - N36,500,000

3 bedroom Terraces - N64,500.000

4 bedroom semi - detached - N75,500,000

C of O / Deed of Assignment

*Mortgage for home owners

*Tenor - 5 to 30 years

*Pricing - Single digit ( all - in )

*Equity Requirement - 20% minimum

*Legal Mortgage over housing units financed

* Guarantee of Dancoops

* Guarantee of Dangote group

* Monthly deduction ( principal & Interest ) from salaries and other entitlements of housing beneficiaries

Domiciliation of beneficiaries salary account

Outstanding loan can be liquidated from terminal benefits of the staff on cessation of employment from Dangote Group

* Monthly contribution to NHF

* 2.5% of monthly contribution to NHF, get allocation letter for the house to buy, recent payslips to test affordability with application for mortgage loan via a primary mortgage institution

It takes an average of 30 working days once your documents are complete to process an approval from PENCOM and another 5 working days to get your account with your appointed mortgage lender credited with your 25% RSA balance after PENCOM's approval

This is dependent on a number of factors such as the cost implication of the property you are getting, your disposal income ( usually your salary) and other renumerations less your expenses , and time of retirement.

An analysis will be done by your mortgage lender to determine if your cashflow can take on the loan repayment, if your cashflow is adequate, then you can key into the scheme.

Try and boost your RSA balance through additional voluntary contributions which will be deducted from source ( into the RSA account in addition to the statutory contributions).

Some contributors do this in order to increase their balance at retirement

If an RSA holder has N30m , then the maximum equity he can access is 25% which is N7.5m

• One for master's bedroom
• One shared
• One WC only for the guest room

We plan to make the phase 1 fully habitable with infrastructure like road, power and water.