Veritasi Homes & Properties Plc executes ₦50 Billion Non-Interest Commercial Paper Programme to accelerate real estate growth

Veritasi Homes & Properties Plc has successfully finalized its ₦50 billion Non-Interest Commercial Paper Programme, strengthening its standing as a leading force in Nigeria's real estate industry and underscoring its dedication to utilizing the capital markets for steady growth. The transaction concluded following a signing ceremony on Thursday, 6 August 2026, in Lagos, after all regulatory and program prerequisites were met.

This marked a crucial milestone in the company's expansion trajectory and its ongoing access to structured financing from the capital markets.

At the event, Veritasi Homes' Managing Director and Chief Executive Officer, Nola Adetola, emphasized the significance of this milestone, stating, "Today is not merely another signing ceremony; it is the reaffirmation of a journey that continues to gather strength, credibility, and purpose." She highlighted that Veritasi Homes gauges success not merely by the number of projects built, but by the confidence inspired, partnerships sustained, and the legacy created.

She added that this ₦50 billion Non-Interest Commercial Paper Programme sends a strong message, showcasing disciplined governance, strategic vision, and ethical finance to unlock capital for transformative growth. It also reflects the enduring trust that the market has in Veritasi Homes and the future they are collectively building.

Tobi Yusuff, a Partner at Veritasi Homes, echoed the importance of the growth strategy, which remains anchored in delivering value-focused developments while maintaining robust financial discipline. He clarified that this commercial paper program is a vital component of their strategy to broaden their presence in key markets and expedite the creation of premium residential communities.

Beyond capital raising, it underscores their commitment to transparency, efficiency, and long-term value creation for investors and stakeholders. Yusuff articulated their purposeful approach to building not just residences, but resilient communities that thrive over time, supported by the continued confidence of their investors and partners.

This will enable them to scale their operations and effectively address Nigeria's housing shortfall.

Adekunle Alade, Managing Director/Chief Executive Officer of Pathway Advisors Limited, the lead arranger and financial adviser on the program, underscored the strategic importance of the commercial paper programme in supporting Veritasi Homes' expansion initiatives and bolstering its capital base. He noted that Veritasi Homes has been a valued client since 2022, even when the market doubted its potential.

Today, the narrative has shifted dramatically, with Veritasi Homes emerging as one of the most favored issuers, with its commercial paper programs consistently drawing strong investor interest and over-subscription. Alade's observation reflects the company's commitment to stringent governance, transparency, and execution excellence.

The ₦50 billion programme is more than simply a funding endeavor; it symbolizes market confidence and a strategic move to scale its influence in Nigeria's real estate sector.