Real estate investment company Landwey has commenced construction of clients’ residences in the company’s Milton, Urban Prime Two and Urban Prime Four estates, following FIJ’s investigation on multiple collection of customers’ funds by the company without the delivery of houses.

When FIJ first visited Landwey’s Urban Prime and Milton estates before publishing the story, the estates were eerily silent and desolate, save for security manning the gates and, on some occasions, the residents fortunate to have been delivered properties.

Post-FIJ’s story and the silence that characterised the estates on our last visit has given way to the clattering and chattering of construction machines and workers.

Construction materials were also spotted outside the company’s Hockley and Urban Prime Three estates, with audible construction noises coming from the latter.

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Work also appeared fast-paced. One of the developments that stood out to FIJ was a source’s residence, which had been on the same stage since 2021 up until FIJ’s first visit in June 2023. Barely five weeks after FIJ’s report, the structure had now taken on a new form, such that it wasn’t immediately evident that it was the same structure.

FIJ had previously reported how Olawale Ayilara, the billionaire owner of Landwey, took millions of naira from clients for properties that he failed to deliver years after the agreed delivery timeline, holding clients hostage to a contract with minimal responsibility on his establishment and the bulk losses placed on clients; and subsequently, how he resorted to using influencers to bury FIJ’s reports and serving FIJ a notice to take down all reports and social media posts about Landwey.

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Following FIJ’s investigation, the Federal Customer and Consumer Protection Commission (FCCPC) stated that the report revealed possible infractions of consumer rights, under its authority to investigate.

FIJ learned from a contractor in one of the estates that Ayilara had completely paid off the money for the line of terraces that he supervised and that owners can expect to move in by December.

FIJ also spotted Ayilara inspecting the ongoing work in one of the estates, corroborating reports from sources that since FIJ’s investigation, he had been frequently visiting the estates to check on the status of the work.