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A man and a son were driving home on a raining night, they had an accident. The father died on the spot. The people who were nearby took the son to the emergency room. The surgeon refused to operate on the boy, saying “I cannot operate on him, he’s my son!” How is that possible?

CMB begins the new year by giving back to society

No doubt, 2012 was a very significant and eventful year for us at CMB as it happens to be our 10th Anniversary – a decade of amazing feats in the Real Estate industry.  Towards the end of last year, we made a donation as part of our CSR activity to Patrick Speech & Language Centre for the purchase of a musical Instrument  for their musical therapy classes. According to the management of the school,  “Music therapy enhances communication and better eye contact in children with Autism and it goes a long way in helping to further boost the social, cognitive and motor skills of our children”.

The climax of  2012 was our 10th Anniversary Concert that featured musical performances by the EME ensign, Wizkid, and Mavin’s crooner – Wande Coal. The host of the event was the Big Brother Nigeria alumni, Ebuka Obi-Uchendu and guests were treated to several doses of delicious comedies from the mouth of Elenu. Pictures to come up soon.

IMG-20130111-002632013 is here and CMB is beginning from where we left off last year with a CSR activity. We are partnering with Patrick Speech & Language Centre  and the Initiative for the Care of Children with Developmental Disorders to present a one-day seminar titled: UNDERSTANDING DIVINE HEALING.

VENUE:  The WheatBaker (Legacy) Hotels, 4 Onitolo (Lawrence) Road, Ikoyi, Lagos.

DATE: Saturday 12th January, 2013.

TIME: 10:00am


REGISTRATION IS FREE! To register, Contact: Dotun – 0803 3019 865, Uche – 0803 3046 733, Ekene – 0815 2628 294.


Let’s work together to build a better 2013. Happy New year peeps!

CMB in strategic cost-saving initiatives for affordable housing delivery

Authorities of CMB Building Maintenance and Investment Limited say that the success they have recorded in delivering good and affordable housing is as a result of the format they have worked out to control the variables that increase construction cost.

They explain that housing is out of the reach of many who need it because developers deliver their products at very high cost, paying consultants, contractors, among others.

At a press conference in Lagos, as part of activities marking the company’s 10th year anniversary, Kelechukwu Mbagwu, the company’s CEO, notes that developers incur high construction cost, and contractors and the consultants work at cross purposes.

He says that it is difficult to deliver a house for N10 million, for instance, because the quantity surveying consultant may be charging about N3 million to produce a bill of quantity while the contractor will come up with his own charge.

“Our first attempt at building estates was a failure because the prices we had to offer the off-takers were too high. We offered N64 million for our four-bedroom bungalows. Today, the same building is going for N37 million and we have worked out various versions of it and brought the prices down,” he says.

He reveals that some of the versions go for N27 million, some for N24 million, hoping that as they continue to improve, they could bring down the price to N17 million.

“What we have done is to assemble the consultants, engineers, architects, builders among others all working under the same roof, and with all these under control, we are now working towards achieving a N10 million house,” he assures.

Taking a retrospective view of the past 10 years, Mbagwu says they have been quite successful given the environment in which they operate, recalling that the company that started with just four part-time employees, today has about 300 staff, as the company within this period has been able to do a good number of projects and build quite sizeable clientele base.

“We have 10 active projects; we have completed a couple of them and we have three in the pipeline. We have introduced over 1,000 living units into the market. This may not sound wonderful, but given the prevailing conditions, we are actually one of the very best,” he says, adding that they have presence in Abuja, Abeokuta and various parts of Lagos, including Ikeja, Yaba, Oniru and Lekki.

According to him, their achievement so far may not sound wonderful, “but given the prevailing conditions, we are actually one of the very best; we know that working at full capacity, we could have produced up to 50,000 housing.”

Mbagwu is worried with what he called unseriousness of government with the housing industry, adding that government does seem to understand that the housing industry alone could boost the economy.

“We have discovered that the industry in this country is not serious about making housing affordable. Governments, particularly states, are not serious about making housing affordable.

“Our present thinking is to deliver good and affordable housing. We want to prove to the housing industry and to Nigerians that good and quality housing can also be affordable,” he says.

The needed enabling environment, he notes, are for government to make land available while the financial institutions make funding available and also provide mortgage.

He discloses that the company has three projects in the works including 26 family living units in Oniru; 60 individual houses in Lekki, called Pearl Nuga Court, and 12 family living units, called Pearl Grace Court in Ikeja GRA, comprising terrace houses and flats.

Culled from BusinessDay


From the developers of Pearl Apartments Ebute Metta, Pearl Gardens Estate, Sangotedo and Pearl View Estate, Yaba comes another exquisite development… PEARL GRACE COURT.\


Located in the highbrow Ayo Rosiji Close in Ikeja G.R.A, this new development might be targeted at a slightly different clientele from our regulars.

It satisfies our need to have a wider geographical spread in Lagos, as we seem to be over concentrated in the Lekki axis, which accounts for easily half of our developments. Four units of 3 bedroom terraces (all en-suite),two units of 4 bedroom, and four units of 2 bedroom flats in a carefully planned and well-ordered layout.

This aesthetically pleasing development will be completed in record time Now is your opportunity to own a home in Lagos.

To buy into this development, contact us @ 0802-12-CMBCS (26227)  or 01-737 4730.


FG reopens 3rd Mainland Bridge

The Federal Government will today (Tuesday) reopen the Third Mainland Bridge, Lagos, one week ahead of the scheduled delivery date of November 6, 2012.

The government had partially closed the bridge on July 7 to enable the contractor, Messrs Boroni Prono and Company Limited, to replace eight expansion joints on the bridge for a contract sum of N1bn.

The reopening of the bridge will come as a welcome relief to motorists and commuters, who have had to connect Lagos Island, Victoria Island, Lekki, Ajah and Epe from different parts of the mainland through Western Avenue due to restriction of vehicular movement on the bridge from 12 noon to 12am, while opening for movement to the mainland within the same time.

The Special Adviser to the Minister of Works on Media, Mr. Tony Ikpasaja, confirmed the reopening of the bridge in a telephone conversation with our correspondent on Monday.

According to him, the Minister of Works, Mr. Mike Onolememen, will open the rehabilitated bridge to motorists at a ceremony that will also have in attendance federal and Lagos State government officials and other stakeholders.

Onolememen had said during an inspection tour of the bridge on August 10, “The inspection visit is to track the progress that the contractor has made; whether actual progress is in line with our planned programme. I am happy to announce that the physical progress in not only in line with our programme, but there has been a gain of approximately one week, which is very commendable.

“It means that if we sustain the momentum, we will be able to deliver the project ahead of the scheduled delivery date of November 6, 2012.”

He had explained that the Federal Government decided to rehabilitate the bridge, which is the longest and most travelled in the country, because of its commitment to giving due attention to infrastructure in Lagos State, which he said was attracting about 53 per cent of commercial activities in the country.

As parts of efforts to minimise the disruptions to free flow of traffic in the metropolis, the Lagos State Traffic Management Authority had deployed 700 officers to the bridge and traffic points on the alternative routes.

Officers of the Nigerian Police, Nigerian Army, Federal Road Safety Corps and Nigerian Security and Civil Defence Corps joined their LASTMA colleagues in managing the attendant traffic.


*Culled from The Punch Newspaper

What is a home?

A home means different things to different people. To some extent, an individual’s perception of a home is largely influenced by his childhood home or experiences. What this means in essence is that every individual is a sum total of his home.

Few weeks ago, I wrote a post using few lines from Burt Bacharach and Hal David’s classic song ‘A house is not a home’  where a lot of emphasis was placed on love as the glue that holds a home together. However, I found this brilliant and interesting definition of a home online and thought I should share:

“A roof to keep out the rain. Four walls to keep out the wind. Floors to keep out the cold. Yes, but home is more than that. It is the laugh of a baby, the song of a mother, the strength of a father. Warmth of living hearts, light from happy eyes, kindness, loyalty, comradeship. Home is first school and first church for young ones, where
they learn what is right, what is good and what is kind. Where they go for comfort when they are hurt or sick.
Where joy is shared and sorrow eased. Where fathers and mothers are respected and loved. Where children are wanted. Where the simplest food is good enough for kings because it is earned. Where money is not as important as loving-kindness. Where even the tea kettle sings from happiness. That is home. God bless it.”
Ernestine Schumann-Heink


I’d love to read from you. Don’t forget to drop a comment by clicking on the speech bubble icon on the top-right hand corner of this post.  Have a beautiful day.

Not yet ‘Uhuru’ from homelessness

Here is an insightful comment from one of our followers on our Facebook page, on the issue of Nigeria’s 52nd independence:


“Independence they say yet millions are far from being free from homelessness and associated debacles. For the few who have managed to buy property, the plight is even worse. The corporate morality of the real estate entrepreneurs is still in question; including the sincerity of verse majority who make bogus claims to deliver on promises. In essence, attention is mostly directed towards profitability resulting from targeting high profile market and thereby widening the housing deficit in the face of burgeoning population growth. 

While corporate target at other strata of the populace has started to grow, transactions are not free of encumbrances, dead-end bureaucracies in documentation processes and inevitable hassles with third party buyers. As far as the housing sector is concerned, we can only celebrate the relentless courage of bridging the housing lacuna and elimination of associated problems and simplification of property acquisition methodology all of which are characteristically of CMB. By targeting the middle income class, you (CMB) have demonstrated an uncommon corporate morality away from the ubiquitous proclivity for unbridled extortion that describes players in the real estate sector. 

All hail, o hail CMB at independence.”

                                                                                  – Peter Osazuwa

Join the conversation on Facebook by simply clicking here.

What does a home mean to you?

I was listening to Luther Vandross’ rendition of Burt Bacharach and Hal David’s classic song ‘A house is not a home’ and the following lines caught my attention:

“A room is a still a room
Even when there’s nothin’ there but gloom
But a room is not a house
And a house is not a home
When the two of us are far apart
And one of us has a broken heart”

What does a home mean to you? What makes your house a home? Let’s read from you.

How tall is your dream?

 “I have a dream that one day on the red hills of Georgia the sons of former slaves and the sons of former slave owners will be able to sit down together at a table of brotherhood.”

45 long years after Martin Luther King Jr. voiced his dream of an equal, unsegregated and unprejudiced America, Barrack Obama became the first African-American President of the United States. A feat no one thought was possible 45 years ago.

Just like King, we all have dreams; some are small while others are unrealistically large. However, it isn’t the size of your dream that matters but the willingness and passion to see it jump out of the book and become a reality.

 In 2009, after seven years of successful operations in the Real Estate sector, CMB Building Limited decided to undertake the daunting task of erecting a high-rise building in the heart of Lagos to meet the rising demand of housing in the state. Though we have undertaken several housing developments in the past, but this high-rise project (Pearl Apartments) was the first of its kind.

The challenges were numerous and daunting just like most dreams. Apart from the task of clearing out a whole settlement of shanties and illegal settlers, we had other challenges including the inevitable struggles with the Lagos State planning authorities but our passion for excellence coupled with our doggedness, resilience, commitment and finally our one-stop shop structure gave us an upper edge.

In September 2012 – three years after commencement, Pearl® Apartments, a residential high-rise development comprising two (2) blocks of 6 floors each totaling 26 units of 3-bedroom flats all en-suite stands tall in Ebute-Metta, Lagos – no more a dream or speculation but a reality, so glaring for all to see.

Remember it isn’t the size of your dream that matters but taking the first step toward actualizing it. We at CMB are committed to the dream of making affordable housing a reality. What dream are you committed to?

To get started, click here.

London 2012 Olympics: One moment that says it all

The Olympics may have just ended but the indelible memories imprinted on the sands of Great Britain and the heroics of great athletes sprinting, punching, dunking, swimming, kicking, throwing, lifting and shooting their way to medals will never be forgotten.

However, in those breathless golden moments when records are smashed and the finishing line is crossed, the real motivation of the athlete is revealed in the euphoria of his celebration. Some scream, some cry, some dance, some make trademark gestures but one athlete in particular reaches for his heavily pregnant wife and step-daughter in a warm and emotional embrace. He is Mo Farah – the current 10,000m Olympic champion and 5,000m Olympic and world champion.

In that defining moment, Mo Farah looks up at the camera; having just won his second gold medal in the London Olympics and with pride in his eyes he utters:

“Two medals for my two girls who will hopefully be born soon, one for each.”

No doubt, Mo Farah’s motivation is beyond the honours of the medal and sea of accolades from cheering crowd and countrymen. He is fuelled by a deeper motivation, not for personal glory but for the love of family.

At CMB, we understand your need for a house or property goes beyond having a roof over your head. Like Mo Farah, such needs are inspired by a deeper motivation for comfort, satisfaction, happiness, companionship, love and family amongst others.  This is where our expertise comes to bare. From complex architectural designs, aesthetic building plans and development, to property documentation and facility management, CMB gives you more than a house, we build comfort. This is the CMB advantage.

If for anything, the London Olympics has taught us that there’s more to winning a medal just as there’s more to building a house.