NLNG STAFFCO-OPERATIVENEWSLETTERSecond Quarter 2019

Quarterly Newsletter Detailing ThePresent Development Status Of TheNLNG Staff Cooperative Society LtdTo All Members.

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Benefits | Finance | Enterprise

COWRIE CREEK ESTATE - OPENING CEREMONY

The Cowrie Creek Estate fondly known as CCE has been Commissioned. The event took place on the 15th June, 2019 at the site Cowrie Creek Estate Palm Springs Road Ikate Elegushi Lekki, beside NICON town by the former Commissioner for transport, Lagos State, Mr. Olanrewaju Elegushi.

i. It was a successful event as CCE subscribers came out in their numbers to grace the occasion.ii. An Award was given to the first Subscriber to build on the Estate, Mr. Ndukwe AKWIWU.

a) New gate houseb) Central Sewagec) Waterd) Visitor's car parkse) Utility Road and road

COWRIE ESTATE (CCE)

CONCLUDED WORK

COMING SOONCCE 2 and Accelerated DevelopmentCustomer Service Contact: 2251

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COWRIE CREEK ESTATE OPENING CEREMONY – PRESIDENT’S SPEECH

His Excellency, the Executive Governor of Lagos, Mr. BabajideSanwo-Olu; His Royal Majesty Oba SaheedElegushi, Kusenla III of Ikate-Elegushi; represented by Hon. AnofiElegushiDirector of Cooperatives, Lagos StateDirector of Cooperatives, Rivers State, Mr. George NwachukwuExecutive Management of Nigeria LNG Limited Presidents and Executives of IOC CooperativeAll other protocols observed

Distinguished ladies and gentlemen,

On behalf of the Management Committee of the NLNG Cooperative, it is my pleasure to welcome you all to the opening ceremony of the NLNG Cooperative Cowrie Creek Estate. This day has been a long time coming. Initially conceived in 2006, but commenced in 2007, this project was the first real estate project initiated by NLNG Cooperative. As audacious as it seemed then, reclaiming land from hitherto water, few thought it could be done. Before then, very few examples of such estates existed. I thank the former NLNG Cooperative President Otunba Babatunde Fasanmi for his vision in initiating this project and I also thank HRM the late Oba YekiniElegushi for his magnanimity in granting us approval to undertake this project in his domain.

Of course those we grew up in Lagos and Eti-Osa Local Government in particular will be familiar with the name 5 Cowrie Creek Lagoon. It is an estuary of the larger Lagos Lagoon. Lagoon which in Portugese means 'Lakes.”It is this body of water from which the estate derives its name. it is also where the name of the state (Lagos) is derived.

The development of this estate underwent a period of obsolescence due to a myriad of reasons. From poor project management to a dearth of financing, this project nearly ground to a halt before the advent of my administration. Today is the culmination of a pledge I made when I entered office almost 2 years ago: to conclude this project within my tenure. I'm happy that this has now been achieved. I want to especially thank the subscribers for their commitment, patience and resilience. Though it has been a bumpy road, we have finally arrived at our destination even as the cooperative represents the strength of collective will.

ESTATE STATISTICS1. Total Land size is approximately: 45 Hectares2. Average plot size: 800sqm3. There are a total of 377 subscribed plots4. The first resident moved into the estate in December 20175. Central Faculties delivered include: a. High grade internal road network with pavement and sidewalks b. Estate office and Utility Building c. Underground armoured cable electrical network d. Central power for utilities including a substation e. Central water works f. There is power back-up with a IPP solution underway g. Provisions are available for central intercom and FTTH (Fiber-to-the-home) h. Electric fence I. 2 visitors car parks

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When fully completed, the estate will have a recreation and commercial hub which will include a clubhouse, sports center, and a shopping mall. Discussions are on-going with the State Government for a recreation jetty to be sited on the waterfront at the Northern shoreline of the estate.

To those of you who're yet to develop your plots, I'm happy to announce that there'll be an accelerated development scheme to be rolled-out soon. The Cooperative will be partnering with developers with pedigree to provide finance and flexible payment terms to achieve economies of scales for affordable and rapid home developments within the estate. The framework for this will be announced soon.

But today is not a day for long speeches; it is one for celebration. It is my joy today to see the fulfilment of member's aspirations.

It is a day to celebrate the triumph of hope over fear, of inspiration over intimidation.As the saying goes: fortune favors the bold! Today, this estate with its word-class facilities stands shoulder to shoulder with the best.

I dare say it is amongst the best and most desirable estates within the Lekki corridor and the Island in general, providing a serene haven for homeowners and a lucrative asset for investors.

On this note, I'd like to announce that the Cooperative is not done yet. Considering that the best time, they say, to make an investment is in a depressed economy, we're on the cusp of launching another phase of this project tagged CCE 2. It will be launched in the coming weeks and months. With the learnings of the past and the vision for the future, we will supersede the success of Phase One.

1. It entails the reclamation of another 40 hectares of land from the lagoon2. It will have world-class infrastructure. A. Specifically, we're evaluating domestic LPG reticulation to provide pipeline cooking gas direct to the homes much-like Western countries. B. In addition, there will be independent power plant for lower-cost and reliable power

Whether you're buying for a home or as an investment, you can't go wrong. It will truly be an investor's delight and an opportunity for growth.

Further details on these will be made available soon.

But once again, congratulations to all subscribers and may this estate produce many, many happy homes.

A special thank you to my executive team for their support and to the CCE committee who worked tirelessly and with tactical delivery to make this dream a reality.

Thank you all in helping us to deliver on our mandate.

Long Live NLNG Cooperative!

Thank you and God Bless you.

COWRIE CREEK ESTATE OPENING CEREMONY – PRESIDENT’S SPEECH

Zakari Kyari,NLNG Coop President

COSGROVE &RIVTAF REAL ESTATEThe 2 newly initiated Real Estate Scheme Cosgrove Estate Katampe, by Ministers; Hill, Maitama, Abuja and Rivtaf Golf Estate (Phase 2) kicked off in May, 2019.

Cosgrove Progress Report

Maple (3 bedrooms Apartment and 4 bedroom luxury penthouse)Oak (5 bedrooms fully Detached with 1 maids room)Oakville (5 bedrooms Semi-Detached with 1 maids room)Acacia (4 bedrooms Terrace duplex with 1 maids room)Villa (7 bedrooms gated villa with 1 bedroom boys quarters)

HOUSE TYPES

FOUNDATION BLINDING

FOUNDATION BLOCK WORK- ONGOING

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RIVTAF PROGRESS REPORTHouse Type- Four Bedroom Terrence (Semi Finished and Finished)Foundation works – 100%Mounting Pillars for main structure

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REAL ESTATE OPPORTUNITY IN PORT HARCOURT

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HIGHLIGHTSIn our first Edition Newsletter, we mentioned upcoming Events. See below

NASA Educational TourNASA Education Tour is an Educational scheme in synergy with Total COOP. This initiative is for the children and wards of our esteemed members ONLY. This is an educational tour that will expose them to classroom time on Space Suit Design, Space Physiology, Rover Engineering Rover, 2 Stage Rocket Design, Astronaut Training, Mars Lander Design, Rover obstacle course etc. It is an important step to ensuring your wards are exposed to the highest level of STEM (Science, Technology, Engineering and Mathematics) and rock solid foundation for their outstanding performance in these areas. This tour is scheduled to commence August 24th – 31st 2019.

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AIR PURIFIERDo you wonder what you can do to dust, pollen, etc? Dust and mold commonly collect in homes and can lead to respiratory issues such as asthma and allergies. Air purifiers remove these toxins from the home in addition to air borne bacteria and viruses to allow for improved breathing and overall health.

We present to you, Air purifier in capacity of Elfi 310 &Elfi 900Effective and incredibly energy saving AIR PURIFIER suitable for living rooms, bed rooms, offices and other spaces. This is equipped with patented active ION HEPA filter that ensures high efficiency with a very low power consumption. This is wired to clean the air from dust, soot, pollen, bacteria, radon progeny and other harmful particles and to provide you with a healthier indoor environment.

These products are available for every member of the society at very discounted prices on first come first served basis and can be accessed through savings withdrawal, outright cash purchase and through household facility.

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.....LED A DELEGATION OF THE ASSOCIATIONZakari Kyari (NLNG Coop President) who is also the pioneer General Secretary of the Oil & Gas Cooperatives Association of Nigeria led a delegation of his team to visit His Excellency Babajide Sanwo-Olu (Executive Governor of Lagos State). Discussions were held on areas of mutual cooperation which include infrastructure concessions and finance, PPP, taxation, and ease of doing business.

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UPCOMING ACTIVITIES FOR MEMBERS

AGMFollowing the just concluded 2018 Audit by Messer SIAO, the 2019 Annual General Meeting Tentative date is 24th September, 2019.

CSR BONNY FREE EYE CLINICIn line to giving back to the community and as part of the upcoming AGM, an upcoming initiative is in place to provide free eye clinic service to the host community in Bonny.

Election MattersElectoral Committee was constituted on the 8th of July, 2019. Here below is a list of the contestant as screened and deemed qualified by the Electoral committee.

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TRADE FAIRThis will be a show case of variety of vendors on household & real estate activities and purchases open for all members. Watch Out for More details.

COOP CREDIT CARDWith Coop Credit Card, members can purchase items on credit.

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UPCOMING INITIATIVESPhone 4 UThe Phones4U is a new product targeted at members to enable them buy or upgrade their phones through a convenient easy to use platform for the NLNG Cooperative Community. In today's daily living smart phone is part of everyone's daily lives and there is a strong trend of phone replacement once every two years for conservative users and annually for tech enthusiasts. Phones4 u offers a platform for direct phone purchase on a credit scheme with 6 months repayment plan.

CORPORATE T-SHIRTIn line with the robust promise on Cooperate Communication and brand positioning, the NLNG Cooperative office has a branded T-shirt Initiative coming soon.

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2019 AMENDED BYE-LAW SIGNED OFFWith much thanks to the Bye Law review committee on a job well done, it’s with great pleasure to announce that the NLNG-COOP 2019 amended Bye Law has been signed off by the Director of Cooperative, Rivers State and becomes operational effective 4th July, 2019.

This legal document binding our operations had been hosted on NLNG-COOP website and all members are enjoyed to flip through and be guided by the instrument.

USEFUL LINKSCCE Recent updates http://photos.app.goo.gl/z5b3ADY9zUnuS7u77http://photos.app.goo.gl/XPphuzMUnpTRPmiq9

NLNG-Coop Bye-Law: http://nlngcoop.com/Byelaw.pdf NLNG-Coop Act: http://nlngcoop.com/act.pdf NLNG Coop: http://www.nlngcoop.com/

General Manager Kenechukwu.Nwankwo@nlng.comLocation: Bonny NLNG EXT: 7267

Operations Manager Daniel.Ashaolu@nlng.comLocation: Bonny NLNG EXT: 3462

Customer Service Officer Nneoma.Nwokeke@nlng.com Location: Bonny NLNG EXT: 2251

Accountant Wilson.Ejoga@nlng.comLocation: Bonny NLNG EXT: 3467

USEFUL NLNG COOP STAFF CONTACTS

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Website: www.nlngcoop.comEmail: nlng.coop@nlng.comPhone: +234(0)8039052251, (0)8039053467,+234(0)84333462, (0)84337267,Fax: +234(0)8423008