Uchenna Ben Odunzeh is the CEO of EUC Homes Ltd. In this interview, the Finance graduate talks about EUC Homes Ltd and real estate in Nigeria.
Tell is about your educational background?
I have a BA in Finance Imo State University, BA in Economics University of District of Colombia Washington DC, MBA University of Maryland University College, College Park Maryland. I also serve as the MD EUC services Ltd and Baybridge Energy Company. I am also the Chairman/ CEO of EUC Homes Ltd.
What do you do aside real estate?
We are into construction which is a part of real estate, energy and marine services.
What real estate plan do you have for Africa especially Nigeria?
My dream and aim is to provide through my company affordable, adequate and conducive living environment for Nigerians and Africans.
How would you compare real estate in Nigeria with that of America and what’s the way forward?
America is a developed country well planned and laid out with precision. America also has lots of credit facilities, these are a few major factors that we as Nigerians as a whole have to look into to promote faster real estate development.
How long have you being in the real estate business?
I have been investing in real estate since I was 19 years old.
If you were given an opportunity to change something about real estate in Nigeria, what could it be?
I’ll make property documentation process much faster nation-wide as it really delays lots of ambitious projects.
What is your most memorable moment as a businessman?
That was the day I founded EUC Homes Ltd.
As a real estate mogul, what are some of the ideas you have implemented?
I have implemented cutting edge solutions like IMMEDIATE PHYSICAL ALLOCATION to all customers after purchase, 15% direct commission to all our 10,000 plus marketers, continuous development on all our estates and many more. We try to satisfy both our clients and marketers.
What incentives do you have for your consultants?
EUC Homes Ltd is the first real estate company to pay 15% direct commission to its registered marketers. We have the largest marketing network in West Africa with over 10,000 registered marketers. We also pay 5% 1st generation indirect commission, 3% 2nd generation indirect commission, 2% 3rd generation indirect commission and we also offer numerous promos all year round.
What is your advice to the aspiring real estate entrepreneurs?
My advice is to stay committed, smart and honest. Finally always critically speculate where developers are coming so investors can thrive.
You must be a very busy man. But what do you like to do for fun?
I like reading, exercising and vacationing.
Can you tell us about your personal life?