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    Home»Nigeria Economy»Veritasi, COOPLAG seal multi-million dollar real estate deal
    Nigeria Economy

    Veritasi, COOPLAG seal multi-million dollar real estate deal

    NigeriaNewzBy NigeriaNewzSeptember 30, 2025No Comments5 Mins Read
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    L–R: Angela Ekwem, board member, Veritasi Houses and Properties PLC; Nola Adetola, CEO, Veritasi Houses and Properties PLC;. Francis Adeoye, president, Cooperative Funding and Thrift Society Restricted (COOPLAG) and Levious Ngerebara, vice chairman, COOPLAG, through the groundbreaking ceremony of Allied Towers on McGregor Road, Ikoyi, Lagos, on Saturday.


    Veritasi Houses and Properties Plc, one in every of Africa’s fastest-growing actual property corporations, and Cooperative Funding and Thrift Society Restricted (COOPLAG), on Saturday, held the official groundbreaking of Allied Towers, a luxurious residential improvement in Ikoyi, Lagos.

    The challenge is a part of a multi-million greenback partnership deal between Veritasi Houses and COOPLAG.

    The 11-floor challenge, sitting on a 1,431 sqm prime plot on McGregor Road, will characteristic 26 luxurious flats and penthouses designed to redefine city dwelling in one in every of Lagos’ most prestigious neighborhoods.

    Bordered by Ikoyi Golf Membership, Microsoft Head Workplace and the brand new U.S. Consulate Common, Allied Towers blends cutting-edge structure with premium facilities.

    Based on the true property agency, residents will take pleasure in premium facilities, together with a gymnasium, leisure space, devoted leisure ground, landscaped grounds and safe parking for residents.

    Talking on the occasion, Nola Adetola, chief govt officer of Veritasi Houses and Properties Plc, described the challenge as a daring new chapter in Lagos’ skyline.

    “At present, as we break floor on Allied Towers, we’re declaring chance and our dedication to do one thing significant with it. Along with COOPLAG, we start a brand new chapter in Lagos’ skyline, in Nigeria’s housing story, and in Veritasi’s journey.”

    Reflecting on Veritasi’s journey, Adetola added “Eight years in the past, we checked out Nigeria’s actual property market and requested: Can we do higher? That query gave beginning to Veritasi Houses.

    “Guided by integrity, innovation, and customer-centricity, we started in 2017 with a small group and a giant imaginative and prescient: to create developments that ship worth as reliably as they ship shelter.

    “We envision a Veritasi that spans continents, a model so trusted that wherever you see ‘Veritasi,’ you anticipate high quality, innovation, and integrity. COOPLAG, we’re honored to have you ever stroll this journey with us. To our buyers and future householders, that is your alternative to personal a share of Lagos,” he mentioned.

    In his phrases, Mr. Francis Adeoye, president of COOPLAG, underscored the importance of the challenge and the imaginative and prescient behind it.

    Based on him “At present, we aren’t simply breaking floor, we’re breaking boundaries. We’re laying the inspiration for a future the place cooperative energy meets architectural excellence, the place innovation meets legacy, and the place our members and stakeholders can aspire to reside in areas that replicate their values, ambitions, and achievements.

    “That is the conclusion of a shared dream, a dream to redefine city dwelling and empower our members.

    “For over three a long time, our society, COOPLAG, has stood as a beacon of cooperative energy, monetary empowerment, and neighborhood improvement.

    “Allied Towers, located within the coronary heart of Ikoyi, is greater than a luxurious high-rise. It’s a image of what’s potential when two visionary organizations come along with a shared dedication to high quality, sustainability, and neighborhood.

    “I wish to specific our profound appreciation to Veritasi Houses, led by the dynamic Mr. Nola Adetola, for his or her partnership, professionalism, and shared imaginative and prescient. Veritasi’s popularity for delivering premium developments and driving innovation in Nigeria’s actual property sector makes them the best companion for this formidable endeavour.

    “Collectively, we’re responding to the evolving wants of our members and the market. We’re creating properties that supply safety, status, and worth. Houses that can stand the take a look at of time and function a legacy for generations to come back,” he famous.

    In his remarks, Tobi Yusuff, companion at Veritasi Houses, highlighted the groundbreaking as a mirrored image of Veritasi’s development journey and its capacity to earn the arrogance of institutional companions like COOPLAG.

    The event is being supported by a consortium of main monetary establishments, together with Nova Financial institution, Providus Financial institution, Lotus Financial institution, Stanbic IBTC, Sterling Financial institution, and FirstBank. Managing administrators and senior officers of those banks, who attended the occasion, pledged their full help, affirming the challenge’s significance for Nigeria’s housing and funding panorama.

    Subscribers and potential householders additionally praised the challenge, reiterating their confidence in Veritasi Houses and COOPLAG to ship Allied Towers as promised, each on time and to the best commonplace of excellence.

    Temitope Runsewe, Chief Govt Officer of Dutum Development, whose agency serves because the challenge’s building companion, careworn that security and engineering excellence will information each stage of Allied Towers.

    Veritasi Houses has continued to set the tempo in Africa’s actual property sector by means of its revolutionary and value-driven method.

    Recognised by the Monetary Occasions as one of many continent’s fastest-growing companies, Veritasi stays the one Nigerian actual property agency to earn a spot on the distinguished record.

    In simply seven years, the corporate has delivered over 1,000 properties, launched 12 landmark initiatives throughout Lagos and Abuja—together with the celebrated Camberwall Benefit sequence—and served greater than 2,500 shoppers, many from the diaspora. The corporate additionally holds double scores from DataPro and GCR, a milestone that highlights its credibility, monetary energy, and unwavering dedication to delivering world-class properties.



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