The Nation Newspaper

Category: Property

  • PPBN marks fifth anniversary, rewards top realtors at awards night

    PPBN marks fifth anniversary, rewards top realtors at awards night

    Members, developer partners, and well-wishers have celebrated the fifth anniversary of Peak Performer Business Network (PPBN).

    The event, tagged Night of Greatness and Awards 5.0, marked five years of growth and impact in Nigeria’s real estate sector.

    In his address, the network’s President, Dr Kazeem Yekinni, expressed gratitude to God, the executive council, developer partners, and members for their collective efforts. 

    He reflected on the journey from a modest cubicle office to a duplex headquarters, and from a single member to more than 10,000 nationwide. He urged members to remain proactive, reiterating the network’s commitment to grooming them into top-performing realtors.

    The keynote speaker, Dr Saheed Mosadoluwa Abdulahi, Chairman and Managing Director of Harmony Estate Development Limited, called on realtors to raise professional standards.

    He stressed the importance of diligence and thorough due diligence in property transactions, noting that the internet “never forgets.” Drawing from his personal journey, he said his rise from an omo onile background to a reputable developer showed that greatness is attainable.

    More than 200 realtors were honoured across various sales categories, while several developer partners received recognition for outstanding performance in 2025. The night’s top prizes included two Toyota Camry cars for the best sellers, while a Hyundai saloon car was won through a raffle draw.

    Founded in 2021, Peak Performer Business Network is a real estate brokerage firm operating a multi-level marketing model, with its head office in Lagos. The network aims to bridge Nigeria’s housing deficit by connecting developers with trained realtors to market and sell properties.

    Through recruitment, training, and capacity building, PPBN says it is contributing to economic growth, job creation, and poverty reduction across the country.

    The event drew industry leaders, including Engr Olawale Popoola of Highbridge Limited; Dr Endurance Agonor of Aceroyal Estate; Dr Adeyemi of Dealclincher Ltd; Mrs Bukola Olatujoye of Zylus Group; Mr ThankGod Vopnu of Vopnu City Limited; Mr Yemi Shyllon of Yemozil Investment Limited; Mr Abiodun Afolayan of Zenytal Limited; and Dr Kenneth Reginald of Springpet Homes, among others.

  • Claims of estate takeover misleading, false — Winhomes

    Claims of estate takeover misleading, false — Winhomes

    Winhomes Global Services Limited has dismissed as false and deceptive reports circulating in some quarters that its estate has been taken over by certain subscribers, describing the claims as malicious and legally impossible.

    In a public notice issued on Tuesday, the company clarified that Winhomes Estate remains the exclusive property of Winhomes Global Services Limited and has not been relinquished to any individual or group.

    According to the statement, what transpired was an unlawful invasion of the estate by a small group of individuals, including factions purporting to be subscribers, who allegedly gained access with the presence of uniformed military personnel.

    The company described the action as illegal self-help, noting that the Nigerian military has no constitutional authority to intervene in civil land or property disputes.

    Winhomes stressed that the estate is not vacant land but a fully developed property lawfully owned and managed by the company, backed by a valid Governor’s Consent issued by the Lagos State Government.

    It further clarified that all subscribers made payments directly to Winhomes Global Services Limited and not to any association or group, adding that any entity describing itself as an “Association of WINHOMES Landowners” has no legal standing.

    On compensation issues linked to the Lagos–Calabar Coastal Road Project, the company stated that any compensation payable by the government would be made solely to Winhomes Global Services Limited as the lawful title holder. It assured subscribers that any compensation due to affected clients would be transparently and equitably disbursed in accordance with the law.

    Read Also: Why Nigerians in Diaspora reluctant to invest in Nigeria, by Winhomes CEO

    Winhomes also warned that acts such as forcible entry, intimidation, harassment, and destruction of property constitute criminal offences under Nigerian law. The company disclosed that estate gates and facilities were damaged during the invasion, actions it described as malicious damage to property.

    The company confirmed that it has commenced legal proceedings over the unlawful invasion of the estate, the unauthorised involvement of armed personnel, threats and intimidation, and the wilful destruction of property.

    Winhomes expressed appreciation to subscribers who have remained calm and law-abiding, assuring them that justice is being pursued and that all issues will be resolved through lawful means.

    “Winhomes remains lawful, standing, and committed to its subscribers. We will not be intimidated or derailed. Justice will prevail,” the statement concluded.

  • Lifecard’s Ofure wins Azizi developments’ top African partner award

    Lifecard’s Ofure wins Azizi developments’ top African partner award

    CEO and Founder of Lifecard International Investment Limited, Grace Ofure Ibhakhomu, has been crowned the top African real estate investment partner to Azizi Developments, Dubai’s renowned luxury property developer.

    “This is not just about numbers, it’s about transforming lives,” she said. “In six months, we’ve proven that strategic, faith-driven, and client-centered investment advisory can deliver extraordinary results.” She emphasised 

     Lifecard’s ascent to the No. 1 spot in just six months is a remarkable feat, facilitating record-breaking offshore investments into Dubai’s booming market. 

    The partnership, which gained momentum with Lifecard’s high-profile launch of offices in Dubai and exclusive events in Lagos, has positioned  Grace Ofure as a key player in the African real estate market.

    Read Also: Fela honoured with Grammy lifetime achievement award

    Azizi Developments’ representatives praised Lifecard’s reach, credibility and execution, noting Grace Ofure’s exceptional prowess as a real estate investment strategist. 

    “We’re making Dubai real estate accessible, profitable, and secure for Africans everywhere,” Ofure said.

    Industry insiders hail the partnership as a “game-changer” for African investors seeking stable, appreciating assets in hard currency. 

    With a mission to empower Africans toward financial independence and legacy building, Ofure’s guidance has become the go to for serious investors.

  • Nigeria, Saudi Arabia deepen housing development

    Nigeria, Saudi Arabia deepen housing development

    As part of Nigeria’s investor engagement on the sidelines of the 2026 Real Estate Future Forum (RFF 2026) in Riyadh, the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, held a high-level bilateral meeting with the Saudi Arabian Minister of Municipal and Rural Affairs and Housing (MOMRAH), Majed bin Abdullah Al-Hogail, alongside senior officials of the Ministry.

    During the meeting, Arc. Dangiwa presented Nigeria’s flagship Renewed Hope Housing Programme, highlighting its scale, structured delivery architecture, and strong alignment with private capital.

    He also showcased the Federal Government’s Building Materials Manufacturing Hubs initiative, aimed at accelerating local production, reducing construction costs, creating jobs, and strengthening Nigeria’s construction value chain.

    “Nigeria is positioning housing not just as a social good, but as a major driver of economic growth, industrialisation, and investment,” Dangiwa said.

    “Under the Renewed Hope Housing Programme, we are delivering homes at scale across income segments, supported by clear policies, bankable PPP frameworks, and strong demand fundamentals.”

    He added that Nigeria is actively seeking strategic partnerships with credible Saudi institutions and firms.

    READ ALSO: The men who ruined a republic

     “We are keen to deepen collaboration with the Kingdom through MOMRAH and to be introduced to reputable Saudi developers, manufacturers, financiers, and technology partners who are ready to enter the Nigerian market. Our Building Materials Manufacturing Hubs, in particular, offer a compelling opportunity for Saudi investors to participate in local production and long-term value creation,” the Minister noted.

    In his response, Minister Al-Hogail welcomed Nigeria’s reform-oriented housing agenda and expressed openness to enhanced institutional cooperation between both countries.

     “Saudi Arabia recognises the scale of Nigeria’s housing demand and the seriousness of the reforms being undertaken to unlock private investment,” Minister Al-Hogail said. “There are clear areas of synergy between our housing and urban development objectives, especially in large-scale housing delivery, construction technologies, and local manufacturing.”

    He further noted that MOMRAH would support engagement with relevant Saudi stakeholders.

     “We see value in facilitating connections between Nigerian counterparts and reputable Saudi entities with the experience, capital, and technical capacity to contribute meaningfully to Nigeria’s housing and construction sector,” he added.

    The meeting reinforces Nigeria’s strategy of leveraging global platforms such as RFF 2026 to mobilise investment, share best practices, and forge strategic alliances that accelerate housing delivery and industrial development under the Renewed Hope Agenda.

    The Federal Ministry of Housing and Urban Development will continue follow-up engagements with MOMRAH and prospective Saudi partners to translate the discussions into concrete investment pathways and project-level collaborations in Nigeria.

  • Firm, Kwara govt to provide affordable housing

    Firm, Kwara govt to provide affordable housing

    An Ilorin, Kwara State-based property firm, DaatHomes Investment Ltd, has extended a hand of partnership to Kwara State Government to provide quality and affordable housing to residents.

    It said it had plans to build 5,000 bungalows in the next five years in states across the country.

    Founders of the firm, Atolagbe Daniel and Ifeoluwa Sanusi, told The Nation in an exclusive interview in Ilorin.

    They lamented that funding was the major constraint affecting upcoming small businesses in the nation.

    Daniel said: “We hope to work with the state government in the provision of affordable housing for the masses in very suitable location in the state and across the country.

    READ ALSO: The men who ruined a republic

    “We need partnership with the state government, as we are looking into providing 5,000 bungalows in the next five years. But our major constraint is funding. With the help of government and other investors, we will be able to deliver the project.

    “We also hope to approach the banks to raise funds in order to deliver to clients, quality, best and affordable homes. Our major goal is to ensure shelter for all at affordable rate.”

    He said the property firm had delivered at least three estates in Ilorin and its environs.

    “God has been faithful to us. We have been able to deliver at least three estates in the course of establishment of this company. The estates are Crystal, Future and Itunu in Oke-Oyi, Ilorin outskirts.”

    Sanusi said based on the company’s track record, clients would not be disappointed.

    “We have strategies and plans in place to provide quality and affordable housing in the state and by extension, Nigeria. We are assuring the masses that based on our future projects, they will get the best through the due diligence we have carried out,” he added.

  • Firm reassures community on job creation

    Firm reassures community on job creation

    SAF Properties and Investment has reassured people of its commitment to sustainable development, job creation and long-term socio economic benefits for Ado-Odo community in Ado-Odo/Ota Federal Constituency.

    At a stakeholders’ meeting at Ado-Odo Town Hall, the Chairman and Chief Executive Officer, Alhaji Safiriyu Kazeem, assured residents that SAF’s operations would prioritise responsible investment and community welfare, rather than mere resource extraction.

    He said the company was not engaged in illegal mining and that government approvals and documents had been acquired to ensure compliance with relevant regulations.

    The gathering brought together a diverse group of attendees, including community leaders, high chiefs, elders-in-council, the Chief Imam, the President of Christian Association of Nigeria (CAN), leaders of traditional worshippers, youth representatives and other stakeholders.

    Kazeem said SAF Properties & Investment aimed to establish a sustainable business model with lasting positive impact.

    READ ALSO: Accord, APC, ADC ready for battle

    He listed the key initiatives to include reclaiming mined land for agricultural purposes, specifically cultivating plantain, which would be processed into plantain chips and flour, thereby generating employment for residents.

    Elder Olusegun Aina, president of Ado-Odo Club and chief coordinator of Ado-Odo Professionals, said the community decided to form a committee to review SAF’s proposal.

    He said this aligned with directives from Adimula of Ado-Odo, Oba Olusola Idris Osolo (Otenibotemole II).

    Aina noted that the committee would examine issues related to environmental impact and community welfare before presenting findings to the monarch for a final decision.

  • 21 floor Caspian Heights in Eko Atlantic unveiled 

    21 floor Caspian Heights in Eko Atlantic unveiled 

    Arkland Group, in partnership with Equity Cooperative, has commenced construction of Caspian Heights, a residential development in Eko Atlantic City, Lagos.

    The project was formally flagged off at a groundbreaking ceremony held on January 24, 2026, attended by investors, stakeholders, and industry partners, marking a key milestone in the delivery of the 21 floor residential tower.

    Managing Director of Arkland Group, Mr. Jide Olumodimu, led the ceremony alongside members of Equity Cooperative’s leadership, including its President, Jude Efuribe; General Secretary, Austin Okosun; and Treasurer, Adewale Adediran.

    The developers said the project underscores sustained investor confidence in Eko Atlantic City as a prime destination for high-value real estate.

    Speaking during the event, General Manager, Arkland Properties, Evelyn Edumoh, and General Manager, ASL Contractors, Elie Baz, presented an overview of the development, highlighting its architectural concept, construction plan, and investment potential.

    Read Also: Eko Atlantic tops Lagos luxury estate market by 59.5%

    They also took investors through project brochures and fielded questions during an interactive session.

    The developers said the three-year project will deliver a mix of one, two, three, and four-bedroom apartments, designed to optimise natural lighting and offer expansive coastal views.

    Planned amenities include a swimming pool, fitness centre, landscaped surroundings, advanced security systems, high-speed elevators, and dedicated parking spaces for each residence.

    Arkland Group described the development as part of its commitment to delivering lifestyle-driven residential projects that combine design quality with long term value.

    Equity Cooperative, the project’s investment partner, said the collaboration aligns with its focus on sustainable property investment and strategic partnerships within Nigeria’s real estate sector.

  • Saheed Osupa secures N2bn landmark deal with harmony gardens, launches estate scheme for fans

    Saheed Osupa secures N2bn landmark deal with harmony gardens, launches estate scheme for fans

    Legendary Fuji musician and cultural ambassador, King Saheed Osupa, has expanded his influence beyond music into real estate, acquiring 50 hectares of land from Harmony Gardens & Estate Development Ltd to develop a new residential project in Ibeju-Lekki, Lagos State.

    The estate, named Osupa Boulevard, will be situated within Harmony Casa 2.0, a rapidly emerging property corridor in the area. The development is expected to deliver 300 homes and land plots to fans and subscribers through a flexible ownership framework enabled by a partnership with the Ibile Traditional Mortgage System.

    The initiative has been described by industry stakeholders as one of Nigeria’s most ambitious celebrity-driven real estate ventures, coming amid rising demand for property in Ibeju-Lekki, fuelled by major infrastructure projects and proximity to the Lekki Free Trade Zone, Dangote Refinery, and other economic centres.

    As part of the arrangement, Osupa reportedly committed a ₦2 billion down payment as a guarantee on behalf of his fans, ensuring immediate land allocation to subscribers once their initial deposits are made. 

    Under the scheme, participants can secure plots with an initial payment of ₦5 million, begin construction immediately, and spread the remaining balance over three to six months.

    The project is designed to make land and home ownership more accessible to musicians, creatives, and fans who may face challenges navigating Nigeria’s real estate market independently.

    Beyond land acquisition, Osupa has also signed a separate agreement with Harmony Gardens to provide subscribers with the option of purchasing fully built homes within the estate. Buyers under this category can spread payments over a five-year period, further easing access to homeownership.

    Property analysts note that the model combines celebrity influence, mortgage-backed guarantees, and flexible payment plans — a structure rarely deployed at this scale in Nigeria’s real estate sector.

    In a statement shared on his Instagram page, King Saheed Osupa confirmed the partnership and outlined the vision behind the initiative, describing it as a commitment to empowering his fans through sustainable investment opportunities.

    “I’m proud to officially announce my wonderful partnership with Ibile Traditional Mortgage syy to bring you unprecedented opportunities in real estate investment. For the next six months, my fans worldwide can access massive, exclusive discounts on prime lands and properties in premium locations in Lagos and its environs, featuring the prestigious New Osupa Boulevard development at Harmony Garden and Estate Development Ltd. This is more than just a deal; it’s your gateway to building lasting wealth and securing your future,” he stated.

    He further encouraged fans and investors not to miss the opportunity, describing the project as both a legacy and an investment.

    “Don’t miss this limited-time opportunity to own a piece of legacy at unbeatable prices. Together, we’re turning dreams into reality, seize this opportunity now and join me on the path to success,” the music icon added.

    Harmony Garden & Estate Development Ltd, known for major developments across Lagos, welcomed the partnership, noting that Osupa Boulevard aligns with its mission of expanding access to affordable land and property sales in Ibeju-Lekki while maintaining quality infrastructure and title security.

    With rising interest in land for sale in Ibeju-Lekki, property experts believe Osupa Boulevard could become one of the most talked-about estates in the Lekki corridor, especially given the credibility of Ibile Traditional Mortgage System and the cultural influence of King Saheed Osupa.

    As Lagos continues to expand eastward, projects like Osupa Boulevard are expected to play a key role in shaping residential growth, offering Nigerians an opportunity to combine cultural pride with long-term property investment in one of the state’s most promising real estate destinations.

  • Lagos urges owned-estate allottees to insure homes

    Lagos urges owned-estate allottees to insure homes

    Lagos State Government yesterday called on allottees of government-owned housing estates to ensure regular annual payment of insurance dues.

    It said the insurance payment was not a one-off payment, adding that the payment ensured risk of loss during disaster and unforeseen emergency situations was mitigated.

    Commissioner for Housing Moruf Akinderu-Fatai said government investment through the provision of world-class facilities, as well as individual and collective assets of residents of government-owned estates must be protected against risk, with compulsory insurance subscription.

    He spoke while receiving LASACO Insurance team led by the Managing Director, Ademoye Shobo, on a visit to the Ministry of Housing.

    The commissioner, represented by the Permanent Secretary, Abdulhafis Toriola, congratulated Shobo on his appointment and hailed LASACO for “seeking honest feedback and deeper engagement with the ministry.”

    READ ALSO: Critical success factors for Nigeria’s economy this year

    He commended the company for its “openness to feedback, continuous collaboration, transparency, and accountability, which are essential to improving service delivery and protecting the interest of Lagos State.”

    The ministry agreed to a deployment of technology-driven system leveraging API integration and data collaboration.

    The system, he said, would enable the ministry to easily identify home unit allottees, who had insured their properties and those who had not, thereby strengthening compliance, monitoring and risk management.

    Shobo informed the management of the Ministry of Housing that the visit was to introduce the new management and reinforce relationships with key stakeholders.

    He said: ‘’It also provided an opportunity for the LASACO Managing Director to express the company’s appreciation to the ministry for its consistent support and for safeguarding the interests of Lagos State in critical insurance engagements”.

    He commended the ministry for ensuring insurance portfolios linked to the state remained within LASACO, a company with significant Lagos State investment, noting that such actions were vital to protecting public investments and ensuring sustainable returns for the state.

    Shobo highlighted LASACO’s proven technical capacity and financial strength in managing large-scale risks for Federal Government and Lagos State, reiterating that insurance was fundamentally about risk transfer and risk sharing.

    He reaffirmed LASACO’s longstanding reputation for professionalism, noting that the company had consistently maintained the highest number of professionals in the Nigerian insurance industry for over two decades.

    The meeting also served as a platform for constructive engagement between the ministry officials and LASACO on how to better manage contractor’s bond liabilities, delivery timelines and project management process.

    LASACO managing director assured the ministry of improved collaboration and responsiveness going forward.

     “Whenever there is a valid loss, LASACO will always honour its obligations. Our record in claims settlement reflects our commitment to accountability, professionalism and trust,” he said.

  • Peakworks commits to affordable housing in Ogun

    Peakworks commits to affordable housing in Ogun

    Peakworks Nigeria, a real estate development firm operating in Ogun State, has restated commitment  to the delivery of affordable housing targeted at middle-income earners and first-time homeowners within the state.

    The company said it plans to deliver up to 100 housing units by 2030 aimed at contributing to housing supply while responding to rising demand in areas outside Lagos.

    Speaking on the company’s approach, the Managing Director and Chief Executive Officer, Mr. Olaotan A. Akinduro, said the firm’s focus was driven by the realities of rising property costs in Lagos and the increasing interest in nearby urban centres.

    According to him: “There is growing pressure on housing in Lagos, and we are seeing more people look towards Ogun State for alternatives that are more affordable and still within reasonable commuting distance.”

    Peakworks Nigeria operates from Abeokuta, the Ogun State capital, which has attracted increased residential interest in recent years due to its proximity to Lagos, expanding road infrastructure, and improved rail connectivity.

    The company is developing a bungalow housing project known as Fairview Bungalows in Kobape. 

    The development comprises detached and semi-detached bungalow units located close to Kings Court Estate, a large residential project owned by the Ogun State Government.

    Akinduro said the decision to site the project in the area was informed by existing infrastructure and ongoing government-backed residential development.

    “We are deliberate about where we build. Proximity to existing estates and public infrastructure plays a role in our location decisions,” he said.

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    On affordability and payment structure, the company stated that it offers flexible payment plans to subscribers, alongside a milestone-based payment system tied to construction stages. 

    According to the firm, the model allows subscribers to track progress on-site while aligning payments with delivery milestones.

    Akinduro noted that transparency was central to the company’s operating model.

    “In real estate, trust is critical. We try to be clear with clients about timelines, costs, and delivery stages. Long-term credibility matters more to us than short-term gains,” he said.

    The company also said it works with financial institutions, construction professionals, and other partners to support project delivery and financing. In addition to development, Peakworks Nigeria provides property management and real estate consultancy services.

    Industry observers note that such private sector developments align with ongoing efforts by the Ogun State Government to support orderly urban growth and residential expansion across the state.

    As housing demand continues to increase in urban corridors around Lagos, Peakworks Nigeria said it will continue to focus on housing delivery within Ogun State, with emphasis on affordability, location, and transparent project execution.