April 22, (THEWILL) — Veritasi Homes and Properties PLC has successfully redeemed ₦6.1 billion worth of commercial paper, reinforcing its reputation for financial discipline and reliability in Nigeria’s real estate sector.
The 270-day instrument, redeemed on April 17, 2026, was settled on schedule, underscoring the company’s consistent ability to meet its financial obligations.
The milestone reflects Veritasi’s strong financial footing and prudent management approach, key factors that continue to inspire investor confidence.
Proceeds from the issuance were strategically deployed to fund major developments, including the Camberwall Advantage Series and Tinuola Towers.
These flagship projects form a critical part of the company’s portfolio and are designed to deliver premium residential options to both local and diaspora investors, while contributing to urban development.
Veritasi also noted that the redemption strengthens its working capital position, enhancing operational efficiency and supporting long-term growth plans in a competitive market.
Managing Director/CEO, Nola Adetola, described the successful redemption as a testament to the firm’s resilience and credibility.
He emphasized that investor trust and a diversified business model remain central to the company’s continued expansion.
In seven years, Veritasi Homes has delivered over 1,000 homes, launched 12 projects across Lagos and Abuja, and served more than 2,500 clients.
Recognised among Africa’s fastest-growing companies, the firm continues to position itself as a key player shaping the future of real estate in Nigeria.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
