KENNEDY NNADI: Bringing Innovations, Tact To Nation’s Housing Estate
Kennedy Nnadi is the Chief Executive Officer (CEO) of Pennek Group, one of the fastest growing real estate companies in Nigeria and the United States of America. Founded in 2010, the company has grown from its little beginning to establish eight estates in Lagos, Abuja, Owerri, Awka and also in Houston, Texas, USA.
Graduating from the Federal University of Technology, Owerri (FUTO), Nnadi proceeded to the prestigious Lagos Business School (LBS) where he cut his teeth in business before going to Strathmore Business School (SBS), Nairobi, Kenya for further studies. He is a member of the Nigerian Institute of Management (NIM) and the Chartered Institute of Auctioneers of Nigeria (CIAN).
In 2015, Nnadi was nominated as one of the young entrepreneurs under 35 years to meet with then President Goodluck Jonathan under the Youth Entrepreneurship Strategy (YES) programme. He was also, one of the organisers of Foreign Direct Investment Opportunities in Nigeria (FODION), an international organisation saddled with the responsibility of organising yearly exhibitions for Nigerians in the Diaspora to invest in the country.
The happily married father of two children believes that integrity is an important ingredient in business that attracts foreign investments, spurs Nigerians living in the Diaspora to invest in the country and builds trust in the people.
According o him, Pennek believes so much on integrity and builds its hallmark approach around it.
He said: “At Pennek, we do not toy with transparency when it comes to business, especially dealing with our clients. We give regular updates on occurrences as it affects our clients and this has increased their trust on us. Our transparency speaks for itself and it has contributed to our growth, raised our confidence and given us an edge over others. This, I must note, is happening at a time contemporary companies are misleading their clients,” he states.
Highlighting some of the innovations Pennek is constantly churning out to meet the expectations of Diaspora Nigerians who are exposed to global best practices, Nnadi noted that his company is conscious of the evolving nature of the market and as well responding to it to meet the demands of it clients within and outside the country.
He informed that Pennek is always reinventing itself in line with modern trends, adding that its focus on innovations and trends has enabled the company to meet up the desires and satisfaction of its clients, especially those in the Diaspora.
on land documentations, which has always been an intractable issue to deal with in the nation’s housing sector, Pennek boss revealed that all its property are immune from land grabbers, stressing that its estates are duly registered with the various state government where they are located via Governor’s Consent in Pennek’s name.
He said: “Upon completing of ones payment, Pennek issues the client a Deed of Assignment (DoA) and it would be up to the client to register the deed with the state government. This secures the land against any intruder or land grabber.”
Drawing attention to some of the features that make all its estates unique, Nnadi said: “All our estates are properly gated and fenced with 24-hour security presence and also the presence of surveillance cameras: so security is guaranteed. We always take a proactive approach when security is involved and with the authenticity of documentations in all our estates, clients can go to bed knowing that their investment is secure with us. We also have a hands-on approach of our estate being strategically located in places that can generate swift return on investment.
“ There are also perimeter fence, properly mapped out road network, good drainage system, CCTVs around for surveillance, green areas, shopping mall, recreational centre and gym, kids playground, well lit street lights, swimming pool, among other facilities that could make life not only comfortable, but safe.”
Commenting on payment plans and allocation period, especially for Diaspora Nigerians who are used to mortgages, Pennek headman disclosed that his company offers mortgage, which runs for an extended period of five, 10 and 15 years depending on some explainable factors.
According to him, in the absence of a mortgage agreement, clients in the Diaspora who intend to spread payment over a period of time can do so for 12 to 24 months, depending on the location of the estate.
He further informed that allocation of one’s piece of land happens immediately after a client completes his/her payment, adding that clients are equally at liberty to build their houses to their own taste or specifications and pace in any of its estate.
