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Federal Housing Authority warns against fake Festac land offers, confirms exclusive allocation rights
Federal Housing Authority warns against fake Festac land offers, confirms exclusive allocation rights
The Federal Housing Authority (FHA) has issued a public warning regarding fraudulent land sale offers in Festac, Lagos, affirming its exclusive authority in allocating land in the area.
The warning follows a purported offer letter from New Festac Property Development Company Ltd., demanding N49,151,645 for a residential plot and claiming a partnership with the FHA to issue title documents.
This announcement was made in a statement released by FHA management on Wednesday, where the authority denied any involvement in the offer, reiterating that it alone has the authority to allocate land in Festac, backed by a global Certificate of Occupancy from the Federal Government.
“The attention of the Management of Federal Housing Authority has been drawn to a provisional Offer Letter for the sale of a plot of land at New Festac Town Phase II District, Lagos, on the New Festac Property Development Company Ltd signed by one Simon Egodigwe, for the company’s Managing Director. The said provisional Offer letter is demanding for the sum of forty nine million, one hundred and fifty one thousand, six hundred and forty five Naira, for a residential plot measuring 651.178 square meters, to be made in favour of New Festac Property Development Company Ltd, into a Wema bank account,” the statement read in part.
It added, “For the records, Federal Housing Authority is the owner of the entire land in Festac Town, Lagos, for which it was issued a global Certificate of Occupancy by the Federal Government. This makes FHA the only authority that can issue a letter of allocation on any land in Festac Town.”
The FHA further emphasized that any legitimate land allocation in Festac would be formally issued and signed by the FHA’s Managing Director and Chief Executive.
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The statement further clarified that while the Federal Housing Authority (FHA) entered into a partnership with New Festac Property Development Company Ltd. for the development of part of Festac Phase II, the project has not been finalized. Currently, only sand filling is ongoing at the site, with no formal agreements in place between the FHA and the company.
In this context, the FHA expressed concern over how New Festac Property Development Company Ltd. arrived at the land price being demanded from the public, as the total project cost is yet to be determined.
The Authority emphasized that it cannot verify the authenticity of the provisional offer letter circulating for the sale of land in Festac, advising the public to disregard the offer and refrain from engaging in any related transactions.
The FHA also reminded the public that it is the sole authority for issuing land allocation letters in its estates, with all such letters signed by its Managing Director and Chief Executive
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Adron Homes Champions Cultural Heritage at Ibadan Cultural Festival 2026
Adron Homes Champions Cultural Heritage at Ibadan Cultural Festival 2026
All roads lead to the iconic Lekan Salami Stadium tomorrow as Adron Homes and Properties takes center stage in celebrating culture, history, and community at the grand finale of the Ibadan Cultural Festival 2026.
In a bold demonstration of its commitment to preserving Nigeria’s socio-cultural heritage, Adron Homes is proudly sponsoring this year’s festival, reinforcing its role as a corporate institution that goes beyond real estate to actively supporting the traditions and identity of its host communities.
The Ibadan Cultural Festival, a time-honored celebration of the people, history, and legacy of Ibadanland, has once again drawn widespread attention, uniting sons and daughters of the ancient city alongside dignitaries, cultural custodians, and enthusiasts. As anticipation builds for tomorrow’s grand finale, the city is already aglow with excitement, color, and cultural pride.
Adron Homes’ involvement has significantly amplified the scale and reach of the festival, ensuring that the rich customs, music, dance, and traditional displays associated with Ibadan’s heritage are not only celebrated but sustained. The company’s sponsorship reflects a deep understanding that culture remains the backbone of community development and identity.
The company reiterated that supporting the Ibadan Cultural Festival is part of a broader vision to invest in people, preserve history, and strengthen communal bonds. They emphasized that Ibadan, as one of Nigeria’s most historically significant cities, deserves continuous corporate backing to keep its traditions alive and thriving.
Tomorrow’s grand finale at Lekan Salami Stadium promises a spectacular convergence of tradition and modern celebration, with captivating performances, music, royal appearances, and a showcase of the enduring spirit of Ibadanland. Adron Homes will stand prominently as a key enabler of this cultural landmark event.
Through this sponsorship, Adron Homes once again affirms its position as a socially responsible brand, one that not only builds homes but also nurtures heritage, celebrates identity, and fosters unity.
As the drums roll and the stage is set for the grand finale, Adron Homes remains at the heart of it all, championing a legacy that ensures culture lives on for generations to come.
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Adron Homes Unveils Sallah Mega Promo with 30% Discount and Exciting Gift Rewards for Subscribers
Adron Homes Unveils Sallah Mega Promo with 30% Discount and Exciting Gift Rewards for Subscribers
As the festive spirit of Eid al-Adha (Sallah) approaches, Adron Homes & Properties, Nigeria’s leading real estate company, has announced a nationwide Sallah Mega Promo designed to reward subscribers with unbeatable discounts, flexible payment plans, and exciting gift items.
The limited-time promotional campaign aims to empower Nigerians to celebrate the season of sacrifice with both joy and long-term investment security by making property ownership more accessible and rewarding. Subscribers can enjoy a 30% discount on all plots across Adron estates nationwide, alongside a flexible payment plan of up to 36 months. In addition, clients can spread their initial deposit over four months, easing financial pressure while securing valuable real estate assets.
According to the company, the Sallah promo reflects its continued commitment to providing affordable housing solutions while rewarding both new and existing clients during key festive periods.
“Sallah is a time of giving, sacrifice, and celebration. At Adron Homes, we believe there is no better time to empower families and investors with the opportunity to own land while also receiving valuable gifts that enhance their celebration,” the company stated.
As part of the promo, subscribers will enjoy a wide range of gift rewards tied to their payment milestones. Platinum plot subscribers stand to receive items such as bags of rice ranging from 10kg to 50kg, food packs with chicken and seasoning, goats and rams for Sallah celebrations, and even a cow or a double-door refrigerator for high-value subscribers. Compact plot subscribers will also benefit from gift items including bags of rice, vegetable oil, cartons of noodles, goats, and other household essentials designed to support festive celebrations.
Over the years, Adron Homes & Properties has remained at the forefront of real estate development in Nigeria, consistently delivering affordable luxury and flexible payment structures tailored to a wide range of investors. The Sallah Mega Promo further reinforces the company’s mission to democratize property ownership while strengthening its relationship with clients through value-driven initiatives.
Prospective subscribers are encouraged to take advantage of this limited-time offer by contacting Adron Homes through its official channels.
📲 WhatsApp: +234 805 101 1951
🌐 Website: Adron Homes Official Website
With the Sallah season fast approaching, this promo presents a unique opportunity for Nigerians to celebrate meaningfully by securing their future through real estate investment while enjoying generous festive rewards.
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Aare Adetola Emmanuelking Welcomes President Tinubu to Gateway International Airport Commissioning in Iperu-Remo
Aare Adetola Emmanuelking Welcomes President Tinubu to Gateway International Airport Commissioning in Iperu-Remo
In a momentous occasion that underscores the rapid infrastructural advancement of Ogun State, renowned real estate mogul and philanthropist, Aare Adetola Emmanuelking, warmly received the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, at the official commissioning of the Gateway International Airport, located in Iperu-Remo.
The landmark event, held under the visionary leadership of the Ogun State Governor, Dapo Abiodun, marks a significant stride in the state’s economic transformation agenda, positioning Ogun as a key hub for aviation, commerce, and investment in Nigeria.
Aare Emmanuelking, who is also the Chairman/CEO of Adron Homes and Properties, commended the Ogun State Government for its foresight and commitment to infrastructural excellence. He described the airport project as a “game-changer” that will not only boost connectivity but also stimulate real estate growth, tourism, and industrial expansion across the region.
Speaking during the commissioning, President Tinubu lauded Governor Abiodun’s administration for delivering a world-class facility that aligns with the Federal Government’s Renewed Hope Agenda, emphasizing the importance of strategic infrastructure in driving national development.
The Gateway International Airport is expected to serve as a critical gateway for investors and travelers, further enhancing Ogun State’s reputation as one of Nigeria’s most business-friendly environments.
The presence of top dignitaries, industry leaders, and stakeholders at the event underscores the project’s significance and its anticipated impact on the state’s socio-economic landscape and beyond.
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