Old OPIC Estate Not Abandoned But Undergoing Re-construction- OPIC MD Assures - EDU-BIZNEWS

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Monday, January 12, 2026

Old OPIC Estate Not Abandoned But Undergoing Re-construction- OPIC MD Assures





Managing Director, Ogun State Property and Investment Corporation (OPIC), Mr.
 Fari- Arole, says the old OPIC Estate in Warewa, is undergoing re-construction contrary to a viral video being circulated online that the estate also known as BOFT Apartment was abandoned and left in a dilapidated state


The Special Adviser who was speaking with Journalists in Abeokuta, clarified that the OPIC Estate, Warewa happened to be one of OPIC’s oldest estate in the State, consisting of 3 blocks of semi-detached 2 bedroom bungalows, occupied by staff


He  added that the age long estate was in a total state of abandonment until the present administration under the leadership of Prince Dapo Abiodun who demolished the old structure and commenced the construction of a modern estate known as Boft Apartment which is under construction and consists of 3 blocks of 18 unit flats.

The construction work according to him,  commenced immediately after the demolition of the old structure to create a new serene environment that will meet the demand of modern times, thus, giving the entire neigbourhood a befitting facelift for those that will be occupying it.

Architect Fari-Arole pointed out that after its completion, it would provide residents with access to essential amenities like road, water, drainages, electricity and sanitation, saying, it would also improve the quality of lives, while explaining further that it would attract businesses and stimulate economic growth as well as increase property value within the area.

The OPIC boss added that security measures would be put in place for the residents with a sense of safety and security after its completion, revealing also that the project would be completed in record time. He therefore advised residents and the general public to exercise patience and make necessary enquires in case of information that are deemed to be false.

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