Veritasi Homes secures N50bn funding for expansion

Veritasi Homes & Properties Plc has successfully completed a N50 billion non-interest commercial paper program, signaling a significant step in its strategy to bolster funding and expand its real estate development operations across Nigeria.

The program, formally executed on August 6, 2026, provides Veritasi Homes with an additional channel for structured capital market funding. This move is intended to deepen the company's presence in key Nigerian markets and expand its portfolio of residential developments.

Nola Adetola, Managing Director and CEO of Veritasi Homes, stated that the transaction underscores growing investor confidence in the company and its business model. He emphasized that the N50 billion program demonstrates the successful integration of sound governance, strategic planning, and ethical financing to mobilize capital for long-term growth. The company remains focused on developing sustainable communities and creating lasting value to address Nigeria's housing needs.

Tobi Yusuff, Partner at Veritasi Homes, added that the commercial paper program will accelerate the delivery of premium residential developments and support expansion into new markets. He highlighted the company's commitment to transparency, operational efficiency, and sustainable value creation, aiming to build thriving communities. Pathway Advisors Limited, the lead arranger, noted Veritasi Homes' strong track record as an issuer and its ability to maintain disciplined governance, which has strengthened market confidence.

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We are intentional about building not just houses, but thriving communities that stand the test of time.