GREATER DELIGHT

UNIVERSAL
PROPERTIES LIMITED

BUSINESS PROPOSAL TO STERLING

BANK PLC

INVITATION TO LEASE – GTG

COURTS, CELESTIAL CITY, IMEKO,
OGUN STATE
 EXECUTIVE SUMMARY

This proposal seeks to secure a partnership with Sterling Bank to acquire a lease on a plot
of Greater courts with the aim of providing financial services to an underbanked
community in Imeko, Ogun State.

A company profile on Greater Delight Universal Properties Limited is enumerated and

details on location viability stated within the proposition.

Mutual benefits are highlighted and proposed terms clearly defined.

The appendix contains models, survey plans and property documents.

 COMPANY PROFILE
Greater Delight Universal Properties Limited is a company poised to provide quality and
affordable accommodation with carefully thought out locations and good
considerations for our Clients.

DIRECTORS’ PROFILE

Mr. Ayoade .E. Bolaji

An Electrical Engineer with over 9 years of experience in the industry, Mr Bolaji has a
passion for business especially in the aspect of administration as he has held various
Administrative and Treasury roles in a Non-profit making organization. He has been very
instrumental to the birthing of the idea of Greater Properties Limited, which is set to
change the face of the Real Estate Industry in Nigeria and the world at large.

Mr. Israel .S. Awonuga

Mr Awonuga holds a bachelor’s degree in Mechanical Engineering and he also has
professional qualifications in Aircraft Maintenance Engineering, Type Rating on Boeing
737-300,400,500 (CFM56-3) and Bombardier DHC -8 400 (PWC PW 150) Aircrafts,
Aerospace Level II Certification in Non-Destructive Testing (NDT), Certification in
Borescope Inspections on CFM56-3 and CF34-10E Engines. He is acquiring a vast range of
experience In the Aviation Industry, having spent 6 years and still counting. He is also the
major Sponsor of Chops Republique, an Events planning and Catering outfit based in
Lagos, Nigeria. He loves travelling and cooking.

Engr. Kehinde .Y. Awe

A Chemical Engineer with over 5 years of working experience in the Oil and gas industry,
Miss Awe is also a Health, Safety and Environment (HSE) Engineer and has had a feel of
the Construction Industry as well. She holds a bachelors degree in Chemical and Polymer
Engineering and a Masters in Environmental Management with professional qualifications
in NEBOSH IGC and COREN (Corporate). In addition, she is a corporate member of the
NSE (Nigeria Society of Engineer) and a member of the ASSE (America Society of Safety
Engineers). Her love for the environment has driven her to be instrumental in various HSE
projects within the Industry.
 Miss Esther .N. Nwokoro
Miss Nwokoro is a chartered Accountant with over 9 years of working experience in
Finance & Administrative Management, Human Resources, Application Software
consulting as well as Project Management. Currently in LPG Industry as Human Resource
Manager, She has been able to gather a vast wealth of experience especially during her
Consulting experience. This wealth of experience ranges from FMCG, Construction,
Transportation, Communications as well as Manufacturing Industry. She holds a bachelors
degree in Accountancy with high proficiency in Application Software (Sage ERP). She
joined the ACA in 2008.

Mr. Oluwaseyi .P. Kolawole

Mr Kolawole is a Civil Engineer with over 8 years of practical experience in the
Construction industry. He is currently in the process of completing his programme in the
University of Lagos. He has acted in various administrative and managerial roles within
the industry. His drive for entrepreneurship and creativity in the art of business has also
made him instrumental to the setting up of Greater Properties.

 PROPOSITION

Greater Properties recently acquired four acres of land at Imeko, Ogun State to develop
a state of the art facility to be named Greater Courts. This facility would contain 50 semi-
apartments, a swimming pool, gym, games center, mall, health centre and mini bank
branches.

Imeko City, Ogun state is a fast developing community located 30km south-west of
Abeokuta, Ogun state. It serves as home to the Celestial Church of Christ, World
Headquarters, which invariably means there is always an influx of Celestians from all over
the world, year round, with the busiest period being the year end, September through
March, which is the Year-end Convocation month. An estimated over 50,000 church
members attend convocation ceremonies within this period and commercial activities
are at its peak.

There is also an ever increasing local community which is clearly under-banked and
provides an opportunity for financial institutions. In addition, Imeko city is a border town,
hence there is a dire need for exchange of currencies.

Our proposal is to invite Sterling Bank Plc to partner with us by acquiring a 5-year lease on
a plot of Greater courts to conduct banking activities. A branch and ATM gallery would
be highly suitable and beneficial to the organization.

 BENEFITS

The benefits to be derived by the bank are highlighted below:

 Increased customer base – new accounts would be acquired, new relationships

would be established.
 Low cost deposits – The saving culture of the local community would enhance
the CASA mix of the bank.
 Improved margins – Not-on-us ATM transactions would be a viable avenue for
improving margins. With the volume of human traffic the city witnesses on an on-
going basis, such transactions would be highly beneficial to the bank.
 Access to Financial Services – the local community would benefit from financial
service offered by the bank
 PROPOSED TERMS

Lease Years: 5yrs

Location: Celestial City Area, Imeko, Imeko Afon L.G.A, Ogun State.

Size: 1 Plot

Cost: N50 million

Conditions: Terms of this Lease is renewable upon expiration of contract

 CONCLUSION

We view this as a niche-carving opportunity for your organization with a first-mover

advantage and multiplier benefits.

We anticipate your favorable response. Thank you.