Business
How Revolutionplus Settled Land Allocation Issue With Customers
Last week Tuesday, precisely 1st of February, 2022, popular real estate firm, RevolutionPlus Property Development Company got the shock of the year! The company was in a deep scandal. There was an allegation from social media alleging that the company didn’t allocate land to a few customers after their payment. What started as a joke suddenly became a very serious issue when different people started calling the company, asking about their land. Both the friends and family of the brand became worried.
WHAT REALLY HAPPENED?
There were about 2 to 3 people who reported to an online blogger that they have paid money for land for about two years and they are yet to be allocated. Mrs Doyin Adetola reported that she bought a landed property from Revolutionplus Property.
Also, Funmi Olabimtan also made a similar allegation. And that’s how it became a very big issue.
GMD APOLOGISES AND PROFFER SOLUTIONS
The GMD, Dr Bamidele Onalaja, appealed to every aggrieved customer. “We are sorry. I can assure you that you are with the best brand and I don’t want you to lose hope in us. We are in partnership. I want to apologise on behalf of the management. It would never happen again. You are hearing from me as the CEO of the company. We would put up a stronger structure to resolve all issues. And it is not that we don’t have the land. We have land and in the next few months, every issue of allocation would be resolved because we also want you to bring your relatives to patronise us. We got so many referrals from people. I’m not happy about what happened because one of the best ways to sell is through the word of mouth. I want to assure you that all your investment is safe with us. We have a strong structure and I hold you in high esteem. And also, because of my position as the Chairman of Real Estate Association of Nigeria, Lagos Chapter. It is important we all do the right thing. All you need to do is walk into any of our offices. We will respond promptly to your complaint. You can even send me a mail on [email protected] or send to ED, [email protected]. We would quickly attend to you
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ALLOCATION ISSUES
RevolutionPlus Property is the proud owner of over 40 estates with several declared sold out and over 5,000 subscribers both in and out of the country. Currently, in our portfolio, we have 19 landed properties and 7 houses (4 completely built) still selling.
As per the policy of the company, once a property has been fully paid for the company provides a provisional letter of allocation which states that allocation is done between 3 to 6 months after full payment has been made. As a result of the high volume of subscribers who subscribe to our estates, allocations are often done in batches and often we may exceed the time frame given for allocation. (This is duly communicated to the clients, informing them of a later date at which allocation would be carried out.)
Between 2020 and 2021, the company had a total of 40 batches of allocations in 26 estates.
REASONS WHY CLIENTS MAY NOT BE ALLOCATED
Before every purchase on any of our estates, prospective clients are given a subscription form to fill which contains FAQ and terms which binds both the company and the client, the clients are expected to read the terms and conditions, fill the form and duly execute before making payment for any of our estates. One of such terms is a 90 days deadline in which the client is required to pay for other stipulated charges, failure of which would lead to loss of allocation with the option of a refund or relocation to another estate.
Clients are allocated in batches. We may experience a slight delay in allocation when a specific number required to be sent to the Surveyor for processing has not been completed.
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OUR RESOLUTION
In as much as we have stated reasons why a client may be aggrieved, we do not take for granted the investment you have made to our company. In light of the above, we would like to receive the full complaints of all subscribers via the provided emails and phone numbers.
DELAY IN ALLOCATION
While we have stated the possible faults of some clients, we are aware that some clients have subscribed and fully made payments for both land and statutory fees and have not been allocated within the said allotted timeframe. We are working tirelessly round the clock to ensure that all allocation pending will be sorted out as soon as possible.
In addition to the above, we have allocated our Dreamcity by the 4th of February 2022. All clients involved have been duly communicated to.
Other allocations to be done in February are Richmond Court 2 (Ibadan), Pacesetter (Ibadan) and Anfield Garden (Port Harcourt). Our communications will be constant as all clients will be given the necessary feedback.
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MRS TOLULOPE ONALAJA, GED TENDERS APOLOGY
First of all, I want to sincerely apologise to all our customers all over the world. Sometimes I get overwhelmed with work and what I have to deal with. I am sorry about what I said. I have been the GED of this company for about 8 years. Without you, there’s no Revolutionplus. We have enjoyed so much love from subscribers all over the world. You can imagine having 20 thousand subscribers who have come to buy land with us. And it’s not as if they don’t have a choice but they chose to invest the money with us. We do not take this for granted. I tender an apology for what I said.
HOW TO REACH THEM FOR A LASTING SOLUTION?
Several clients who have tendered their complaints on social media could have fallen into any of the above categories and some may truly have not been called for allocation but we need to ascertain the actual reason before a solution could be proffered.
All clients who have any form of allocation issue should kindly send an email to customercareikeja @revolutionplusproperty.com or customercarelekki @revolutionplusproperty.com. It will be duly attended to.
You can also contact the customer care line:
09060000991, 09060000992, 09060000993
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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