You can either give us a cheque or pay into any of our bank accounts.
Yes, you can open multiple accounts in the same name.
No. Deposits can be made at any time of the month.
The death certificate and police report.
Yes. A POA holder who can sign the deposit form or certificate can be nominated by the depositor.
Through nomination facility, the depositor may nominate a person(s) to whom CoopEast should pay the deposit amount in case of death of the depositor.
Your deposit can be used as secondary security provided you are a CoopEast member.
Only CoopEast Associate and Ordinary Members.
Yes. This must be clearly stated in the application letter.
Interest rates will be fixed for the duration of each contract. Reviews will be made based on prevailing market circumstances, this will be communicated.
No. Your application in writing or e-mail and the completed nomination forms suffices.
Yes. An instruction has to be given to this effect.
CoopEast will charge you 20% of accrued interest as at date of termination as penalty for premature termination.
NB: Minimum Placement Duration is 30 days. You can view placement online at www.coopeastngr.com
Current Rates per annum:
|
Category |
30 Days |
60 Days |
90 Days |
180 Days |
365 Days |
|
N500,000 – N4,999,999 |
4.00% |
4.50% |
5.00% |
5.50% |
6.00% |
|
N5,000,000 – N49,999,999 |
4.50% |
5.00% |
5.50% |
6.00% |
6.50% |
| N5,000,000 – N49,999,999 | 5.50% | 6.00% | 6.75% | 7.50% | 8.00% |
| N120,000,000 & Above | 6.0% | 6.50% | 7.00% | 7.75% | 8.50% |
CoopEast Estate Lekki Phase 1 is located in the second round about, immediately after the first toll gate going into the lekki corridor. It is within 5 minutes walking distance from Shoprite and 10 to 15mins driving distance from Freemanhouse. This makes it easy for all Shell employees working in Freemanhouse who are CoopEast members. Coming from VI via the toll gate, the site is on the right wing of the 2nd roundabout of Lekki Phase1; 300-350m from the round about making the location highly accessible and free from the usual Lagos traffic.
Lush Landscape and aesthetically pleasing scenery, Interlocked road network and walkways, Street light, Central water system, Underground cabling system (electrical, fiber Optics and telecommunication), Security surveillance system, Gym house with swimming pool, Well landscaped playground for children and many more…
Land size covers 3.9hecters and currently with C/O in the name of the Land owner. CoopEast intends to transfer title per house to the buyer directly without initial Coop east title. This eliminates cost of first transferring title to Coop East and then to the individual home buyers. If we do, then, price of house becomes higher than we intend to sell to buyers to ease burden of cost.
The Shell Coop East Estate consist of 25 blocks of 4 bedroom semi-detached duplexes (50units) standing on a land size of 700sq meters, and 35 blocks of detached 5 bedroom duplexes standing on 350 sq meters. All rooms are ensuite and with a maids room also ensuite in addition to the marked rooms mentioned above. There are dwarf walls demarcating each block from another. The truth is that the estate is designed to beat the Nicon town. The full design is now on the Coopeast web site for downloads.
Developer is Femab Properties Nigeria Limited. Femab are well experienced in the property industry and have a flagship of Diamond estate which is one of the best in class in the Lekki Corridor. Diamond estate currently boasts of housing some Shell staff and members of Coop East.
The estate is complete with well paved roads, drainages and street lights, central water system, with underground cabling. It is the first to have fiber optic cables for telephony within the Lekki Corridor. It also comes with CCTV, Electric fence, and access control device as found in most Shell locations. Others include, Swimming pool, club house (Note that Shoprite is five minutes’ walk).
The fifth milestone is 31st
March 2021 and upon issuance of provisional letters of allocation to
purchaser's subscribers. This has been achieved.
Yes, we are still on track to deliver at the end of
2021 provided that we are able to receive the Layout Approval this month as
expected. The specific infrastructure items that will be delivered are as
follows:
Included in the payment receipt/statement sent to Shell COOP East secretariat on receiving any payment.
This is an internal matter and should be handled by the Cooperative directly.
The draft document was sent to the Cooperative on 15 March 2021 after the usual back and forth process between lawyers. We apologise for the delay and look forward to receiving the go ahead to print.
This is not the case. We are able to recommend partner developers that can build homes on behalf of members of the cooperative. The modalities must be handled by the Cooperative.
Several subscribers have submitted their plans to Lagos State Ministry of Physical Planning and Urban Development for town planning approval and permits, having received OIDC concept approval. We anticipate that approvals will be granted in early June and building will commence.
This can be confirmed by your Cooperative.
This question has been answered above.
Ans - Handover is at full date of payment.
Answer: CoopEast takes responsibility to ensure delivery
Answer: Yes, internally only, and no extanal changes is allowed.
Answer: Yes, depending on the project type with regular updates.
Answer: Yes, depending on the project type with regular updates.
Answer: At due date of document delivery.
Answer: The Business Development Manager, 09088749006 & 08036714586
