Veritasi Homes & Properties Plc has formally executed its ₦50 billion Non-Interest Commercial Paper Programme, marking another significant milestone in the company’s growth journey and reinforcing its continued access to Nigeria’s capital markets.
The programme was formally concluded at a signing ceremony held in Lagos on Thursday, 6 August 2026, following the completion of the required regulatory and programme processes.
The transaction reflects Veritasi Homes’ commitment to building a financially sustainable real estate business, strengthening its capital base, and accessing structured financing to support the development of quality residential communities across Nigeria.
Speaking at the signing ceremony, Nola Adetola, Managing Director and Chief Executive Officer of Veritasi Homes & Properties Plc, described the programme as an important reflection of the company’s growing credibility, strong governance and long-term vision.
“Today is not merely another signing ceremony; it is the reaffirmation of a journey that continues to gather strength, credibility, and purpose.”
According to him, Veritasi Homes continues to measure its success not only by the number of developments it delivers, but also by the trust it inspires among investors, partners, homeowners and other stakeholders.
“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.”
He further emphasised the company’s commitment to creating developments with enduring value.
“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.”
Also speaking at the ceremony, Tobi Yusuff, Partner at Veritasi Homes, noted that the programme forms an important part of the company’s wider growth strategy.
According to him, access to structured financing will enable Veritasi Homes to deepen its presence across key real estate markets while accelerating the delivery of premium residential developments.
“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.”
He added that beyond capital mobilisation, the programme further demonstrates Veritasi Homes’ commitment to transparency, operational efficiency and long-term value creation.
“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.”
Adekunle Alade, Managing Director and Chief Executive Officer of Pathway Advisors Limited, the Lead Arranger and Financial Adviser to the programme, highlighted Veritasi Homes’ evolution within Nigeria’s capital market.
Pathway Advisors has worked with Veritasi Homes since 2022 and has supported the company through different stages of its capital market journey.
“We have been with Veritasi Homes since 2022, at a time when no one believed in the company’s potential within the capital market.”
He noted that Veritasi Homes has since developed a strong profile among investors, with previous commercial paper issuances attracting significant market interest.
“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.”
According to him, the ₦50 billion programme represents more than a financing transaction; it is also an indication of growing confidence in Veritasi Homes and its long-term strategy.
Veritasi Homes’ latest programme builds on a growing track record within Nigeria’s commercial paper market.
In 2022, the company registered a ₦20 billion Conventional Commercial Paper Programme, through which it successfully raised up to ₦15 billion. All matured obligations under the programme were fully redeemed on or before their respective due dates.
In 2025, Veritasi Homes registered another ₦20 billion Commercial Paper Programme, under which Series 1 and Series 2 were issued.
The company successfully redeemed its Series 1 issuance on 17 April 2026, repaying approximately ₦6.13 billion. Proceeds from previous issuances supported flagship developments including the Camberwall Advantage Series and Tinuola Towers.
The successful execution of the new ₦50 billion Non-Interest Commercial Paper Programme represents the next phase of Veritasi Homes’ capital market strategy and provides a platform for further expansion.
Over the years, Veritasi Homes has continued to expand its portfolio of residential developments across Lagos and Abuja while serving a growing community of homeowners and investors in Nigeria and the diaspora.
The company has delivered more than 1,000 homes, launched 12 landmark developments, and served over 2,500 clients.
Its portfolio includes developments such as the Camberwall Advantage Series, alongside other premium residential projects designed to deliver quality living experiences and long-term investment value.
Veritasi Homes has also received recognition from the Financial Times as one of Africa’s fastest-growing companies, distinguishing it within Nigeria’s real estate industry.
The company currently holds credit ratings from DataPro and GCR, reflecting its continued focus on financial discipline, corporate governance and sustainable growth.
As Veritasi Homes enters its next phase of expansion, the ₦50 billion Non-Interest Commercial Paper Programme strengthens the company’s ability to pursue new opportunities, accelerate project delivery and continue building communities designed for lasting value.
Veritasi Homes & Properties Plc is a Nigerian real estate development company focused on creating premium residential communities and sustainable investment opportunities.
Through a combination of innovative development, disciplined financial management and a commitment to delivering long-term value, Veritasi Homes continues to contribute to the evolution of Nigeria’s real estate landscape.
For enquiries and more information about Veritasi Homes & Properties Plc, contact info@veritasihomes.com or visit www.veritasihomes.com.
Get in touch with our team for inquiries, personalized consultations, or to explore our prestigious developments.
