At Fourscore Properties, professionals get buy-now-pay-later credit facility

For young professionals and other people in full time employment who need housing equipment but don’t have all the money to pay, Fourscore Properties is the new destination as the company offers this class of people buy-now-pay-later credit facility to access such products.

The company which develops property and also imports/sells building equipments such as electrical lights, switches and smokes alarms from Italy, prides itself as one single source for quality products.

Olufemi Adegoke Osibona, the company’s Managing Director, who disclosed this to BusinessDay, noted that one of the factors that differentiate their products from others was the guarantee they give and the price they demand, pointing out that their lights were very unique and also easy to get the bulbs and other parts.

“Another edge we have is that we deal directly with the manufacturing company in Italy. That gives us an edge because our customers don’t have to go through any middleman to get whatever they need. Unlike other developers, our clients do not need to bother because we develop the property and at the same time get the necessary lighting equipment without necessarily going through any middlemen”, he said, advising that anybody developing any property that is worth up to N5 million or above could come to them.

On the possible challenges the company encounters in the Nigerian building materials and property market, Osibona, who started what he is doing from South Africa, said “I wouldn’t want to call anything challenge but what I have realised is that one or two people have tried to copy us. Another challenge is that people felt that because we are based in Ikoyi, our prices would be outrageous but that is not true”.

He assured that whatever anybody is travelling to buy in overseas markets, they have them here in Nigeria, saying that the advantage here was that whatever customers buys from them goes with guarantee.

“Some people travel to America and ended up buying the wrong light and some to the UK and when they were doing the clearing at the airports, some of the lights got broken. We do home delivery service and, at times, we do the installation; we also tell people that we can even match the price they sell it in Europe and the reason is that the price we will get it in Europe, no customer can get it for that price”, he said.

Osibona noted that over 90 per cent of Nigerians do not have smoke alarm; most of the fires that razed buildings in the country could have been prevented if there is smoke alarm in those buildings. “The type we offer does not require any wire; it uses battery and it is approved in the UK and America.

CHUKA UROKO