UPDATE ON MARALAGO LAKE CITY (MLC) INFRASTRUCTURE DEVELOPMENT
A Message from AIBEN Management
Warm greetings to all esteemed subscribers and stakeholders of Maralago Lake City (MLC). As we welcome another week of progress and possibilities, we are pleased to provide updates on the ongoing infrastructure development within our esteemed estate.
Unmatched Recreational Facilities
MLC proudly boasts an unprecedented 8 hectares of land dedicated to recreational activities, valued at over N3 billion. Our impressive facilities include:
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Two mini football pitches with artificial turf and solar lighting
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Basketball and multipurpose courts
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Velodrome for indoor sports
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Standard swimming pool
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Golf club and event hall
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300-capacity car park
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1000-capacity theater
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Memorial park with trees
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Lake view center
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Children’s playground with modern equipment
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Mini three-hole golf course
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Standard nine-hole golf resort with resort apartments
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5-star hotel
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50,000-capacity water reservoir
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Lake filtration system for boat cruises
Infrastructure Development Update
AIBEN is constructing approximately 5km of roads and underground drainages within Lake City. Due to the unique soil texture, we have opted for concrete paved roads, replacing the initial asphalt. We have completed 50% of the works.
Infrastructure Fees Payment and 50% Increment
Regrettably, despite our achievements, only 10% of infrastructure fees have been paid. We urge all subscribers to settle their outstanding balances within the next two weeks. Starting November 11th, 2024, infrastructure fees will increase by 50%.
New Infrastructure Fees
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Terrace Plot (250Sqm): N5,250,000 (from N3.5m)
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Culiano/One Floor (400Sqm) Duplex: N6,750,000 (from N4.5m)
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Bugatti/Double Floor Maisonette (500Sqm) Duplex: N7,500,000 (from N5m)
Consequences of Default
After November 30th, 2024, defaulters will face:
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Withdrawal of Provisional Allocation letter
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Refund of paid amount less 20% within 90 working days
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No further recourse
Enforcement Policy
From November 1st, 2024:
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No construction work will be allowed on plots with outstanding infrastructure fees.
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Workers found on such plots will be arrested.
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Engineers in charge will be barred from working in all AIBEN estates.
Fences and Gate Railings
Subscribers must complete individual plot fences by November 30th, 2024. Failure to comply will result in AIBEN undertaking the work and charging the bill to the subscriber’s account.
We appreciate your understanding and cooperation in this matter.
Thank you.
Austin Ezenwa
For; AIBEN Management
For; AIBEN Management