AceRoyal Estates launches 1,000-home Villa Nova development in Abijo, Lagos

AceRoyal Estates, a subsidiary of the AceRoyal Group, has officially launched Villa Nova, a master-planned residential community of 1,000 villa-style bungalows in Abijo, Lagos, in a move it says is aimed at bridging Nigeria's housing deficit through structured financing and firm delivery guarantees.

The estate offers two-bedroom, three-bedroom and five-bedroom bungalow configurations inside a fully secured, professionally managed community. The developer said the project was conceived to address longstanding problems in the local market, including land-title disputes, delayed project delivery and substandard infrastructure.

The development is built on a tri-party structure that combines government support, banking backing and private development execution. The Lagos State Government is backing the land title and supporting infrastructure for the site, while Nova Bank serves as the primary financial partner, providing structured mortgage plans for qualified homebuyers and a full refund guarantee should the developer fail to meet scheduled delivery timelines.

Endurance Cletus Agonor, chief executive of AceRoyal Estates, described the launch as a benchmark for discipline and accountability in the Nigerian property sector. “Villa Nova is a statement of what AceRoyal Estates is capable of,” he said. “A thousand homes, built to the same standard, backed by the same discipline, home after home. This is what happens when land title, financing, and execution are aligned from day one.”

The company said aligning government approval, financial institutions and execution capacity from the outset is intended to restore buyer trust in large-scale residential developments across Lagos State. Founded in 2016, AceRoyal Group is a Nigerian conglomerate with interests spanning real estate, construction, financial services and hospitality.