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Federal Housing Authority warns against fake Festac land offers, confirms exclusive allocation rights

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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 Introduces Special Ramadan Offer with Discounts and Gift Rewards

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Adron Homes Introduces Special Ramadan Offer with Discounts and Gift Rewards

 

As the holy month of Ramadan inspires reflection, sacrifice, and generosity, Adron Homes and Properties Limited has unveiled its special Ramadan Promo, encouraging families, investors, and aspiring homeowners to move beyond seasonal gestures and embrace property ownership as a lasting investment in their future.

The company stated that the Ramadan campaign, running from January 20th to April 6th, 2026, is designed to help Nigerians build long-term value and stability through accessible real estate opportunities. The initiative offers generous discounts, flexible payment structures, and meaningful Ramadan-themed gifts across its estates and housing projects nationwide.

Under the promo structure, clients enjoy a 30% discount on land purchases alongside a convenient 36-month flexible payment plan, making ownership more affordable and stress-free.

In the spirit of the season, the company has also attached thoughtful rewards to qualifying payments. Clients who pay ₦200,000 receive a Provision Hamper to support their household during the fasting period, while those who pay ₦400,000 receive an Automated Prayer Mat to enhance their spiritual experience throughout Ramadan.

According to the company, the Ramadan Promo reflects its commitment to aligning lifestyle, faith, and financial growth, enabling Nigerians at home and in the diaspora to secure appreciating assets while observing a season centered on discipline and forward planning.

Reiterating its dedication to secure land titles, prime locations, and affordable pricing, Adron Homes urged prospective buyers to take advantage of the limited-time Ramadan campaign to build a future grounded in stability, prosperity, and generational wealth.

This promo covers estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger states.

As Ramadan calls for purposeful living and wise decisions, Adron Homes is redefining the season, transforming reflection into investment and faith into a lasting legacy.

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Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

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Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

Adron Homes & Properties Limited has congratulated Muslim faithful on the commencement of the holy month of Ramadan, urging Nigerians to embrace the virtues of sacrifice, discipline, and compassion that define the season.

In a statement made available to journalists, the company described Ramadan as a period of deep reflection, spiritual renewal, and strengthened devotion to faith and humanity.

According to the management, the holy month represents values that align with the organisation’s commitment to integrity, resilience, and community development.

“Ramadan is a time that teaches patience, generosity, and selflessness. As our Muslim customers and partners begin the fast, we pray that their sacrifices are accepted and that the season brings peace, joy, and renewed hope to their homes and the nation at large,” the statement read.

The firm reaffirmed its dedication to providing affordable and accessible housing solutions to Nigerians, noting that building homes goes beyond structures to creating environments where families can thrive.

Adron Homes further urged citizens to use the period to pray for national unity, economic stability, and sustainable growth.

It wished all Muslim faithful a spiritually fulfilling Ramadan.

Ramadan Mubarak.

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Valentine Season: Adron Homes Encourages Nigerians to Build Lasting Love Through Real Estate

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Valentine Season: Adron Homes Encourages Nigerians to Build Lasting Love Through Real Estate

Adron Homes and Properties has continued its ongoing “Love for Love Promo” as part of its Valentine season initiatives, encouraging couples, families, and investors to move beyond traditional gifts by embracing shared property ownership as a lasting expression of commitment and financial stability.

The company stated that the promo, which has been running throughout the Valentine period, was designed to inspire Nigerians to build long-term value and legacy through real estate investments. It noted that the initiative offers attractive discounts, flexible payment options, and a variety of exclusive gift items across its estates and housing projects nationwide.

Under the promo structure, clients who pay ₦100,000 receive cake, chocolates, and a bottle of wine, while those who pay ₦200,000 receive a Love Hamper. Subscribers who commit ₦500,000 receive a Love Hamper with cake, and those who pay ₦1,000,000 enjoy a choice of a Samsung phone or a Love Hamper with cake.

The incentives increase with higher commitments. Clients who pay ₦5,000,000 receive either an iPad or a romantic couple’s getaway at a top Nigerian hotel, while payments of ₦10,000,000 come with options including a Samsung Z Fold 7, a three-night stay at a premium resort, or a full solar power installation.

High-value investors are also rewarded, as clients who pay ₦30,000,000 on land receive a three-night couple’s trip to Doha or South Africa. At the same time, purchasers of houses valued at ₦50,000,000 are presented with a double-door refrigerator, further reflecting the company’s focus on combining lifestyle experiences with strategic investments.

The company added that the promo covers estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger states. It reiterated its commitment to secure land titles, affordable pricing, and prime locations, urging Nigerians at home and in the diaspora to take advantage of the ongoing Valentine campaign to build a future rooted in love, security, and prosperity.

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