Frequently Asked Questions (FAQ)
Questions and Answers on Elim Estate
From market research, we at NBP Projects Limited- a subsidiary of COPEN GROUP, and the developers of Elim Estate Enugu have noticed that there are a number of pertinent questions in the minds of potential beneficiaries of our Housing Estate. We hope the following information provided will go a long way in answering these questions. For any further enquiries, do not hesitate to contact us on any of the following numbers: Roke on 0808 526 0301, George on 08033226964, or Office on 0705551(ELIM)3546
a. Why should I buy from Elim Estate?
• You may desire to own your own house and stop paying rent.

• You may desire to leave an inheritance for your children.

• You may desire to have other sources of income (rental income).

• You may desire to utilize the National Housing Fund (NHF) loan at 6% per annum.

• You may want to convert the rent you are paying for your dependants to mortgage.

• You may be desirous of living within a secure, structured environment that is well maintained.

• You may want to save yourself the stress of buying land and building in a remote area.

• And so many other reasons…
b. Who is developing Elim?
• NBP Projects Limited, the company developing Elim Estate is made up of a group of vibrant, experienced, and forward thinking individuals who have a God given passion to deliver quality services in construction, Real Estate Development and related disciplines. This passion has led us delivering several turnkey projects in and around the country.
c. What does NBP in your name NBP Projects Limited stand for?
• NBP stands for ‘NOT BY POWER’
d. Does NBP Projects Limited have any track record especially in Real Estate developments?
• Yes. As part of COPEN GROUP, we have delivered on the following:

o Goshen Estate, Premier Layout (By New Artisan Market), Enugu, sold out as at October 2011. A total of 133 Housing units.

o Jubilee Estate, Premier Layout (By New Artisan Market) Enugu sold out as at November 2011. A total of 48 units.

o Bethel Estate, (Opposite PRODA) Emene, Enugu, sold out as at the date of commissioning, August 2008. A total of 122 units.

o Over 500 housing units at Taraba State.

• The group has also executed several serviced layout designs and contracts for infrastructure provision.
e. What is the relationship between NBP Projects Limited and Federal Mortgage Bank of Nigeria (FMBN)?
• Federal Mortgage Bank of Nigeria (FMBN) is providing NBP Projects Limited with Estate Development Loans and will provide mortgage loans through a Primary Mortgage Institution (PMI) for the purchasers of housing units in the Estate.
f. Which type of house will be suitable for me?
• We recommend that which you can afford. That is why we have made four types of housing units available in various options.
g. Can someone tell me how I can afford to purchase any of the houses at Elim Estate.
• Through the use of the National Housing Fund (NHF). This allows you to obtain a mortgage loan at 6% per annum which can be used to purchase any of the housing units.
h. What is the National Housing Fund (NHF) all about?
• It is a Housing finance Scheme managed by the Federal Mortgage Bank of Nigeria on behalf of Government and the people of Nigeria to which you are a part of via your monthly contributions to the NHF scheme.

• These deductions on your salary qualify you to be able to access loans to buy properties at Elim. The loan is given to individuals at 6% per annum which is stable through the period of the loan. The loan period can be up to 30 years.
i. I heard that it is not possible to get these loans you are talking about.
• It is possible. Over 80% of the houses sold at Goshen, Jubilee & Bethel Estates were mortgage financed i.e through the NHF Scheme.
j. What if I don’t utilize my NHF loan?
• Other people will! They already are doing that in other parts of the country.
k. Will I not save some money if I go to buy a plot of land and build my house
• If you consider the following, Elim will be cheaper for you.

o The fact that you are only paying a percentage of the cost of the property

o Cost of Constructing access roads to your house.

o Cost of Laying pipes for water to your house

o Cost of drawing electric wires to your house

o Cost of buying land that is in dispute and settling various ‘parties’ to the land

o The estimated final Cost of building the housing unit, especially as you do not have all the money now

o Rising cost of building materials and inflationary trends in the country

o Cost of arranging for security for your house

o Cost of living with people who do not have the same way of thinking as you do

o Cost of people barging in on you whenever they feel like

o And importantly, cost of your time in doing all of the above!
l. Am I sure that this estate will be completed?
• God Almighty, Who ensured the completion of Goshen, Jubilee and Bethel Estates has done it again at Elim. Elim Estate was commissioned on the 11th of July 2014
m. But I do not like ‘owing’ anybody!
• If you are renting an apartment at the moment, please come to terms with the fact that you ‘owe’ your landlord/landlady next month’s rental.

• Instead of paying rent each year to your landlord/landlady, why not pay about the same amount of money to the mortgage bank knowing that it is your house that you are paying for.
Remember, your rent increases but the mortgage loan repayment amount remains the same all through the years.

• The monthly mortgage sums are quite easy to pay especially as it is calculated at 6% per annum, on reducing balance. This therefore allows you to still build your dream house while living in your own house
l. Am I sure that this estate will be completed?
• God Almighty, Who ensured the completion of Goshen, Jubilee and Bethel Estates has done it again at Elim. Elim Estate was commissioned on the 11th of July 2014
n. How do I go about getting a house at Elim Estate?
• Obtain application forms for N20,000

• Fill them out indicating your preferred house types and payment plans

• Provide the required deposits and all necessary documents

• Move into your house or rent it out and earn rental income from the property


Thank you for taking out time to study these questions. We hope the answers have been helpful. Should you have any further questions, do not hesitate to call us on any of these lines (Time is of essence): Roke on 0808 526 0301 or George on 08033226964 or Office on 0705551(ELIM)3546

Or visit us at our corporate office: NBP Projects Limited, Plot 32A Ebeano Estate, Enugu

It is all about God!
Questions and Answers on Goshen Estate
From market research, we at Copen Services Limited, the developers of Goshen Estate Enugu have noticed that there are a number of pertinent questions in the minds of potential beneficiaries of our estates. We hope the following information provided will go a long way in answering these questions. For any further enquiries, do not hesitate to contact us on any of the following numbers: George on 08033226964 or Roke on 0808 526 0301.
1. Who is developing Goshen? Is it COPEN?
• Yes.

COPEN is made up of a group of vibrant, experienced, and forward thinking individuals who have a God given passion to deliver quality services in engineering and related disciplines. This passion has led us delivering several turnkey projects in and around the country.
2. Does COPEN have any track record especially in Estate developments?
• Yes.

We have delivered over 500 housing units at Taraba State and more recently we delivered a 122 housing unit Estate – Bethel Estate, Emene, Enugu. This was fully sold out as at the date of commissioning, August 2008.

• The company has also executed several serviced layout designs and contracts for infrastructure provision
3. What is the relationship between COPEN and Federal Mortgage Bank of Nigeria (FMBN)?
• We are consultants to the Federal Mortgage Bank of Nigeria (FMBN) and have also worked with them at several executive levels at their Headquarters, Abuja.

• Some of our projects have been funded by them
4. Which type of house will be suitable for me?
• We recommend that which you can afford. That is why we have made three types of housing units available and, tastefully finished.
5. Tell me how I can afford to purchase a N10,500,000.00, N9,000,000.00 or N7,500,000 house at Goshen estate.
• Through the use of the National Housing Fund (NHF). This allows you to obtain a loan at 6% per annum which can be used to purchase any of the housing units.
6. What is the National Housing Fund (NHF) all about?
• It is a Scheme organized by the Federal Mortgage Bank of Nigeria to which you are a part of via the deductions made on your salary each month.

• These deductions on your salary qualify you to be able to access loans to buy properties at Goshen. The loan is given to individuals at 6% per annum which is stable through the period of the loan. The loan period can be up to 30 years.
7. I heard that it is not possible to get these loans you are talking about.
• It is possible. Over 80% of the houses sold at Bethel Estate were mortgage financed i.e through the NHF Scheme.
8. What if I don’t utilize my NHF loan?
• Other people will! They already are doing that in other parts of the country.

• You can collect your contributions when you are 60 years of age though- whether you utilized it or not.
9. Will I not save some money if I go to buy a plot of land and build my house
• If you consider the following, Goshen will be cheaper for you.

o The fact that you are only paying 30% of the cost of the property

o Cost of Constructing Tarred (Asphalted) roads to your house.

o Cost of Laying pipes for water to your house

o Cost of drawing electric wires to your house

o Cost of buying land that is in dispute and settling various ‘parties’ to the land

o The estimated final Cost of building the housing unit, especially as you do not have all the money now

o Rising cost of building materials and inflationary trends in the country

o Cost of arranging for security for your house

o Cost of living with people who do not have the same way of thinking as you do

o Cost of people barging in on you whenever they feel like

o And importantly, cost of your time in doing all of the above!
10. Am I sure that this estate will be completed?
• God that helped us complete Goshen Estate Phase 1 is helping us complete its second phase.
11. But I do not like ‘owing’ anybody!
• If you are renting an apartment at the moment, please come to terms with the fact that you ‘owe’ your landlord/landlady next month’s rental.

• Instead of paying rent each year to your landlord/landlady, why not pay about the same amount of money to the FMBN knowing that it is your house that you are paying for. Remember, your rent increases but the mortgage fee remains the same

• The monthly mortgage sums are quite easy to pay especially as it is calculated at 6% per annum, on reducing balance. This therefore allows you to still build your dream house while living in your own house
12. How do I go about getting a house at Goshen Estate?
• Obtain application forms for N20,000

• Fill them out indicating your preferred house types and payment plans

• Provide the required deposits and all necessary documents

• Move into your house or rent it out and earn rental income from the property


Thank you for taking out time to study these questions. We hope the answers have been helpful. Should you have any further questions, do not hesitate to call us on any of these lines (Time is of essence): George on 08033226964 or Roke on 0808 526 0301.

Or visit us at our corporate office: Copen Services Ltd, COPEN House, Plot 32 Ebeano Estate, Enugu



It is all about God!
ABOUT US
Copen Services Limited is a well - articulated and organised firm with diversified interests in Real Estate, Construction, Services, and Consultancy.

Copen Services Limited is the fruit of the desire of a number of young, honest, knowledgeable and experienced professionals, with over 20 years cognate post-graduation/practical experience in public and private service, to pool together their resources for the service of humanity.
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