Guaranty trust Bank Plc and Zenith Bank Plc have been selected as operative banks for the 15 per cent down payment for the proposed Value Villa Estate, along Lagos-Ibadan Expressway.

Briefing journalists on the multi-billion estate in Lagos on Thursday, the facilitator of the project and Chief Executive Officer of Inland Inkjet Limited, Mr. Kola Idowu, said work had already started on the construction of the Value Villa’s mini prototype at Adigbe area of Abeokuta in Ogun State.

He said the idea of starting the mini prototype was to showcase what the company has in store, stressing that it would not make use of cement with, but modern technology.

Idowu explained that the Earth press machine being imported into the country by the company was to ease housing problem in Lagos State and its environs, with a view to producing houses at cheaper rates.

According to him, the second phase of the project, which would be the Value Villa Estate, will be the first of its kind, with 24-hour electricity supply.