Answer: EDFSL is the only bonafide Real Estate development and finance company which was established on the 5th of August 2015 to mobilize funds for development and finance of landed properties for ECWA and her members in a profitable manner.
Answer: EDFSL is jointly owned by ECWA (Headquarters, DCCs, LCCs, LCs, F/Gs, Departments, Units, Institutions) and ECWA members.
Answer: Reasonable dividend and capital appreciations on investment.
Answer: EDFSL is like any other investment in shares except that it is Church based and operates in real estate sector of the economy.
Answer: The only risk is limited to the investment made in the company. Investors cannot lose anything else
Answer: You can sell to ECWA and ECWA members. The new owner will replace the seller of his/her shares in the shareholders register. The Company could take up the shares where there is no ready buyer and sell them at a future date.
Answer: Returns will be in line with projections contained in the placement of memorandum. Returns (dividends) will be declared and paid from annual profits made by the company.
Answer: No age restrictions.
Answer: Profile of Board members are in the placement memorandum. Members are hardcore professionals selected among ECWA members reflecting ECWA geographical spread
Answer: YES. Open bank account for each child and supply the bank details while filling the shares application form.
Answer: Minimum of 20,000 units at N1.10 each (N22,000). No maximum.
Answer: ECWA as a church will be able to develop her strategically located properties with ease in an optimal manner which will lead to improved revenue to finance missions.
- ECWA will earn periodic Income.
- Better image for the Church
- Job opportunities for members
- Economic empowerment for members
Answer: See the private placement memorandum.
Answer: The shares will be transferred to the next of kin supplied in the Application Form.
Answer: Dividend from these shares in offer will commence after minimum of 12 months from the date offer officially closes.
Answer: Shareholders cannot access loan from shares acquired.
Answer: EDFSL is a private limited liability company owned by ECWA and ECWA members.
Answer: Every company operates in a defined and structured market. The prospects of real estate business are very bright in Nigeria and beyond.
Answer: EDFSL will honor the next of kin selected by the shareholder. The Company reserves the right to buy back the shares from the next-of-kin
Answer: Call in or see the External Auditors Annual reports.