Alleged N40m Land Scam: Our Story – RevolutionPlus

Property Company, Revolution Plus has denied the viral video of one it’s UK based client, Kayode Oladipo that the company defrauded him of a sum of N40million without allocating land to him.

The company after a meeting held at the (LAGOS STATE REAL ESTATE REGULATORY AUTHORITY) (LASRERA) office in respect of Mr. Kayode Oladipo’s claim in a press statement the Lagos State Government(LASG) invited the Company to intervene in the matter.

The meeting which took place on Friday, 19th January 2024, by 10 am took place at the LASRERA Office Alausa, had the Commissioner for Housing, Moruf Akinderu Fatai, the Special Adviser to the Governor Housing, Barakat Odunuga Bakare, the Permanent Secretary, Lagos State Ministry of Housing, LASRERA Officials and Revolutionplus Property Development Company’s CEO, Dr Bamidele Onalaja, the GED, Mrs Tolulope Onalaja and other officials in the Company in attendance.

In trying to mediate in the matter, Mr. Kayode Oladipo was given a call and he indeed admitted upon questioning that he lost his job at a point and could not proceed with payment of the required fees as expected and within the stipulated time frame, Mr. Kayode Oladipo also confirmed that he didn’t pay the sum of Forty Million Naira N40,000,000) as alleged in the viral video but paid the sum of N18,000,000. In response to his claims, the GED of Revolutionplus Property refuted the claims of the N18,000,000 allegedly paid by Mr. Kayode Oladipo, stating with evidence that the total sum paid to the Company was N16, 752,000 (Sixteen million, Seven Hundred and Fifty Two Thousand Naira only). Attached herewith are the evidence of payment in this regard.

Upon further discussion, Mr. Kayode Oladipo also admitted that he indeed bought the plots of land in 2017 and could not complete payment because he lost his job. He claimed that he came back in 2020, but the CEO of Revolutionplus refuted his claims and reiterated that he was only aware that Mr. Kayode Oladipo came back in 2022, six years after his initial payment, demanding to be allotted the same land he subscribed for in 2017, despite his default in payment.

The CEO met with Mr Kayode Oladipo and empathised with him over his financial plight, and further explained the penalties attached to default in payment to him as stipulated in the contract signed by parties. The CEO stated that the company, in its commitment to priotising its customers, will make other options available for him in the equivalence of the monies he had paid. Furthermore, the CEO of Revolutionplus Property, Dr Bamidele Onalaja appreciated his Excellency, the Lagos State Governor, Babajide Sanwoolu, for stepping into the matter and giving room for the company to state her side of the story.

The CEO also stated that out of respect for the Lagos State Government, and the relevant bodies assigned to regulate the real estate industry in Lagos State, the company was willing to allocate lands in another location at one of its Estates, Amazon Estate, Epe.

The CEO expressed displeasure at the slanderous colouration given to the video explaining that the Company had been doing business for years and had continued to operate within the ambits of the law despite all challenges posed to the business in Nigeria. The CEO also stated that Revolution plus Property had served a lot of Nigerians in the diaspora and had continued to work with the vision of the Lagos State Government to attract investors from the diaspora especially in the real estate industry. To resolve the matter, the Commissioner for Housing appealed to both parties to tow the part of peace, and it was decided thus:

  • That Mr Kayode Oladipo would do a Video the next day appreciating the Lagos State Government for mediating and resolving the issue That in the said Video, Mr Kayode Oladipo will do a retraction of his distorted allegations of fraud, and state emphatically that Revolutionplus Property did not set out to dupe, defraud or scam him.
  • That when the video is done, the alternative land promised by the Company in the equivalence of the monies paid will be immediately allotted to Mr. Kayode Oladipo the same week, the retraction is done. Whilst we are still waiting for Mr. Kayode Oladipo to do the Video as promised in the meeting.

We wish to appreciate the Lagos State Government for stepping in as a mediator to resolve the issue, We also appreciate all our esteemed customers who reached out to us to encourage us and stand by us in the heat of the issue. We are committed to service and customer satisfaction and we will not relent.

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