News
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.
More insights
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
News
Adron Group Chairman Celebrates Business Icon Otunba Muraina Banjoko at 65
Adron Group Chairman Celebrates Business Icon Otunba Muraina Banjoko at 65 (more…)
News
Aare Adetola Emmanuelking Hails Prof. Abayomi Arigbabu’s Impact on Education as He Marks Birthday
Aare Adetola Emmanuelking Hails Prof. Abayomi Arigbabu’s Impact on Education as He Marks Birthday
The Chairman/GCEO of Adron Group, Aare Adetola Emmanuelking, has paid glowing tribute to the Honourable Commissioner for Education, Science and Technology, Ogun State, Professor Abayomi Arigbabu, describing him as one of the foremost architects of educational transformation whose leadership continues to redefine learning and human capital development in the Gateway State.
In a heartfelt birthday message, the renowned real estate entrepreneur commended Professor Arigbabu for his exceptional blend of scholarship, administrative excellence, and visionary public service, noting that his stewardship of the education sector has continued to inspire confidence in the future of education in Ogun State.
According to Aare Adetola Emmanuelking, Professor Arigbabu has distinguished himself as an education reformer whose policies and programmes have consistently advanced academic excellence, strengthened institutional standards, promoted innovation, and positioned education as a strategic driver of sustainable development.
“Professor Abayomi Arigbabu exemplifies the ideals of visionary leadership. His dedication to improving educational outcomes and empowering the next generation through quality learning continues to leave an indelible mark on Ogun State and Nigeria as a whole. His legacy is one of impact, excellence, and selfless service,” he stated.
The Adron Group Chairman further acknowledged the Commissioner’s commitment to building an education system that equips young people with the knowledge, skills, and values required to thrive in an increasingly dynamic world, describing his contributions as invaluable to the state’s development agenda.
As Professor Arigbabu marks another year, Aare Adetola Emmanuelking prayed for renewed strength, divine wisdom, robust health, and greater accomplishments, expressing confidence that the celebrant’s passion for educational advancement would continue to shape lives and inspire generations.
He wished the Commissioner a memorable birthday celebration and many more years of impactful service to Ogun State, Nigeria, and humanity.
News
RSS Makes History as Graduating Class of 2026 Marks Valedictory Service in First-of-Its-Kind University-Style Ceremony
RSS Makes History as Graduating Class of 2026 Marks Valedictory Service in First-of-Its-Kind University-Style Ceremony
Remo Secondary School (RSS) has made history with the graduation of its 2026 class in what is being described as a groundbreaking academic ceremony, as the prestigious public secondary school celebrated its graduating students in a university-themed graduation style.
The historic valedictory service, which brought together students, parents, teachers, school administrators, old students and distinguished guests, was marked by pomp, pageantry and an atmosphere of academic excellence, as graduating students appeared in full academic graduation gowns, caps and other traditional graduation regalia.
In a striking departure from conventional valedictory ceremonies typically held in public secondary schools, the school’s principals and teachers, as well as the National Executives of the Remo Secondary School Old Students’ Association (RSSOSA), also donned academic gowns, creating the atmosphere and grandeur of a university convocation.
The remarkable initiative transformed the valedictory service into a memorable graduation experience for the students and marked a significant milestone in the history of Remo Secondary School, Ogun State and, potentially, the Nigerian public school system.
The ceremony was not only a celebration of the completion of secondary education, but also a deliberate effort to instil in the graduating students a sense of pride, achievement and responsibility as they prepare to transition into higher education and the next phase of their lives.
Another major highlight of the ceremony was the presentation of awards to deserving students in recognition of outstanding morals, good character and exemplary conduct. The awards, which cut across various categories, celebrated students who distinguished themselves not only through academic pursuits, but also through positive character traits, discipline, responsibility and good morals.
In a further demonstration of its commitment to the future of the graduating students and the advancement of education, Hope Bridge Social Impact Foundation awarded full higher education scholarships to about 25 deserving students. The scholarship awards will support the beneficiaries in pursuing their tertiary education, providing them with an opportunity to further their academic aspirations and achieve their full potential.
Speaking at the ceremony, the President of the Remo Secondary School Old Students’ Association (RSSOSA), Sir Aare Adetola Emmanuelking KOF, congratulated the graduating class and commended the school management, teachers and parents for their roles in nurturing and guiding the students throughout their academic journey.
He further expressed appreciation to the Ogun State Government, ably led by the Executive Governor, His Excellency, Prince Dapo Abiodun, MFR, CON, for his administration’s commitment to transforming the education sector in the state.
He specifically acknowledged the Governor’s Yellow Revolution initiative, describing it as one of the notable interventions that has positively impacted the education sector and contributed to creating a more conducive environment for learning across public schools in Ogun State.
According to him, the Governor’s keen attention to education and the deliberate interventions of his administration have had a positive ripple effect that has extended to institutions such as Remo Secondary School, contributing to the school’s continued growth and development and helping to position it as a great institution.
Aare Adetola Emmanuelking also extended his appreciation to the Ogun State Commissioner for Education, Science and Technology, Prof. Abayomi Arigbabu, for his leadership and evident contributions to the advancement of education in the state.
The event further highlighted the strong bond between the school and its old students, with the presence and participation of the old students, demonstrating the association’s continued commitment to the development and advancement of the institution.
The innovative university-style graduation ceremony is expected to remain one of the most memorable moments in the history of the school, and could set a new standard for how graduating students are celebrated in public secondary schools across Ogun State and beyond.
For the graduating class of 2026, the occasion was a day of pride, gratitude and celebration, a day when they were not only bid farewell from secondary school, but were honoured and celebrated as graduates stepping confidently into the future.
-
News1 year agoRERAPAN Celebrates Babatunde Adeyemo at 46
-
Real Estate Achievers Awards1 year agoReal Estate Achievers Awards and Exhibition 2025
-
Mortgage finance1 year agoComparing Nigerian Mortgage Structures to Global Standards mortgage
-
News1 year agoReal Estate Achievers Awards and Exhibition 2025 (REAA)
-
Interviews2 years agoGoogle hit with record EU fine over Shopping service
-
Opinion2 years agoAll you need to know about penalty shootouts
-
Real Estate insurance2 years agoThe full story of Thailand’s extraordinary cave rescue
-
News1 year agoLand Prices in Lekki, Ajah, and Ikoyi: A 2025 Guide for Investors

