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Veritasi Homes & Properties Plc has formally executed its ₦50 billion Non-Interest Commercial Paper Programme, reinforcing its position as a leading player in Nigeria’s real estate sector and signalling its continued commitment to accessing the capital markets to drive sustained growth.
The transaction was formally concluded with a signing ceremony held in Lagos on Thursday, 6 August 2026, following the completion of all regulatory and programme requirements.
The event marked a significant milestone in the company’s growth journey and its continued access to structured capital markets financing.
Speaking at the signing ceremony, Nola Adetola, the Managing Director and Chief Executive Officer of Veritasi Homes, described the initiative as a significant milestone in the company’s growth journey.
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“Today is not merely another signing ceremony; it is the reaffirmation of a journey that continues to gather strength, credibility, and purpose,” he said.
“At Veritasi Homes, we have never measured success by the number of projects we build alone. We measure it by the confidence we inspire, the partnerships we sustain, and the legacy we create. Every landmark transaction adds another chapter to that legacy, and today, we write a significant one.
“The execution of this ₦50 billion Non-Interest Commercial Paper Programme is a powerful statement. It demonstrates that disciplined governance, strategic vision, and ethical finance can come together to unlock capital for transformational growth. It also reflects the trust that the market continues to place in Veritasi Homes and in the future we are building together.
“As we expand our footprint across Nigeria’s real estate landscape, our ambition remains clear — to develop communities that stand the test of time, create value that endures beyond economic cycles, and contribute meaningfully to the nation’s housing and infrastructure aspirations,” he said.
Also speaking, Tobi Yusuff, Partner at Veritasi Homes, added that the company’s growth strategy remains firmly rooted in delivering value-driven developments while maintaining strong financial discipline.
“This commercial paper programme is a critical part of our broader strategy to deepen our footprint across key markets and accelerate the delivery of premium residential communities. Beyond raising capital, it reinforces our commitment to transparency, efficiency, and long-term value creation for our investors and stakeholders.
“We are intentional about building not just houses, but thriving communities that stand the test of time. With the continued trust of our investors and partners, we are well-positioned to scale our operations and contribute meaningfully to addressing Nigeria’s housing deficit.”
Also speaking at the ceremony, Adekunle Alade, the Managing Director/Chief Executive Officer of Pathway Advisors Limited, the lead arranger and financial adviser on the programme, highlighted the strategic importance of the programme in supporting Veritasi Homes’ expansion plans and strengthening its capital base.
“We have been with Veritasi Homes since 2022, at a time when no one believed in the company’s potential within the capital market.
“Today, that narrative has changed significantly. Veritasi has grown into one of the most sought-after issuers, with its commercial paper programmes consistently attracting strong investor interest and oversubscription.
“This trajectory is a testament to the company’s disciplined governance, transparency, and execution capacity. As advisers, we have witnessed firsthand its commitment to meeting obligations and creating sustainable value. The ₦50 billion programme is not just a funding initiative; it is a reflection of market confidence and a strategic step towards scaling its impact in Nigeria’s real estate sector.”
About Veritasi Homes & Properties Plc
- Veritasi Homes & Properties Plc is a leading Nigerian real estate development company, known for delivering premium residential communities and maintaining a strong track record of disciplined governance and financial management.
- Veritasi Homes registered a ₦20 billion Conventional Commercial Paper (CP) Programme in 2022, which has since expired. Under the Programme, the Issuer successfully raised up to ₦15 billion, with all matured obligations fully redeemed on or before their respective due dates. In 2025, the Company registered a new ₦20 billion CP Programme, under which it has issued Series 1 and Series 2.
- The Company successfully redeemed Series 1 on 17 April 2026, repaying approximately ₦6.13 billion. The proceeds had been deployed to fund flagship developments, including the Camberwall Advantage Series and Tinuola Towers.
- Recognised by the Financial Times as one of Africa’s fastest-growing companies, the only Nigerian real estate firm to earn a place on the list. Veritasi Homes has, in seven years, delivered over 1,000 homes, launched 12 landmark projects across Lagos and Abuja, including the acclaimed Camberwall Advantage Series, and served more than 2,500 clients, many from the diaspora.
- Veritasi Homes holds credit ratings from DataPro and GCR, underscoring its creditworthiness, financial strength, and commitment to delivering world-class residential properties.
For media enquiries, contact Veritasi Homes & Properties Plc at [email protected] or visit www.veritasihomes.com.
