Homework Group Africa: Six Subsidiaries, Twenty Six Projects and No Completion Dates

Homework Group Africa publishes more about itself than most Lagos developers do. It names a founding year, a Lekki address, six subsidiaries, three senior officers and roughly two dozen projects. What it does not publish anywhere is a registration number, a completion date for any of those projects, or a consistent set of figures across its own websites. For a buyer, that combination matters more than either half on its own: the structure is unusually legible, and the delivery record is not.

What the company says about itself

The group's main site dates the business to 2008 and gives its office as 10 Olaitan Senbanjo Close, off Olaitan Senbanjo Street, Lekki Phase 1, Lagos. It names Arc. Jide Adekola, MNIA, as Founder and Group Managing Partner, Christiana Solomon as Group Chief People Officer and Ibidapo Owoyele as Group Head of Sales, Growth and Group Services Management.

It also sets out a group structure, which is rarer than it sounds. Six subsidiaries are named with their functions: HomeWork Capital for finance and investment, HomeWork Development and Properties Ltd for development, HomeWork Design and Consultants Ltd for architecture and project management, HomeWork Procurement, Titan Construction Ltd for construction, and Dunvale Court Ltd for facility management.

The project list runs to about twenty six names, among them Hines 1, 2 and 3, Kings Courts GRA Ikeja, The Cove 1 and 2, The Spades, The Emerald, Yellowstone Terraces, Aquila 1 to 3, Cornerstone Heights, Devon Court, the Dunvale series, Meadow Park and Malvin Mall. Not one of them carries a completion date, a handover date or a unit count on that page.

Which company actually signs the contract

This is the practical question the brand name does not answer. The group markets under that name and under "HomeWork Group", but those are trading identities for a family of companies. When a buyer signs, they sign with a registered entity.

The only place the public record names that entity is a December 2017 article on BellaNaija, which identifies the company as Homework Development and Properties Limited and names two directors: Jide Adekola and Chima Emerueh. That piece carries a "Sponsored Content" label at its foot, so it is company-supplied material rather than independent reporting. It is still useful, because it is the one document that pins a legal name to the operation, and Homework Development and Properties Ltd is the same subsidiary the group's own site lists as its development arm.

The same article places two Stanbic IBTC executives alongside the company at the West Africa Property Investment summit at Eko Hotel, Victoria Island: Tola Akinhanmi, then Senior Manager for Real Estate Finance in West Africa, and Debo Adeosun, then Senior Vice President for Equity and Debt Capital Markets at Stanbic IBTC Capital. An appearance at a conference is not a disclosed credit facility, and no loan, facility or equity investment involving Homework Group Africa or its subsidiaries appears in any filing or announcement we could locate. Anyone told that a bank is behind a project should ask to see the facility letter.

Before paying anything, a buyer should get the full registered name and registration number of the entity on the contract, then check it on the Corporate Affairs Commission public search, and check that the entity named on the contract is also the entity named on the title documents for the specific plot. The two are often not the same company. Our guide on how to verify a property developer in Nigeria before buying off-plan sets out that sequence in order.

Two websites, two sets of numbers

The group runs more than one live site carrying the same brand, and they do not agree.

One of them states "15+" years of experience, 874 completed units, 132 ongoing projects, 632 happy clients and a total built up area figure of 185,000 with no unit given. Another describes the business as "established 18 years ago" and displays its project and unit counters at zero, which reads as unfinished template data rather than a claim. The main group site gives neither figure. The leadership teams differ too. The main group site names Christiana Solomon as Group Chief People Officer and Ibidapo Owoyele in sales and group services. A second group domain names Adesewa Greg-Ighodaro as Group Chief Operations Officer and Gladstone Ekele as Group Chief People Officer. Both pages are live and neither is dated.

None of that is evidence of wrongdoing. Companies leave stale pages up, and marketing sites are not filings. It does mean that a figure quoted to a buyer in a sales conversation cannot be checked against "the company's website", because there is no single company website, and the ones that exist contradict each other. Where a number matters to a decision, it needs a source with a date on it.

What has actually been delivered

Independent confirmation of delivery is thin. Vanguard carried a piece on 8 August 2022 in which Adekola described ACE 1 apartments in Yaba, Lagos, as a completed upscale residential development. The claim is attributed to him in the article rather than verified by the paper, and the piece gives no unit count or handover date.

Beyond that, we found no third party reporting that confirms the completion of any named project, no state planning record naming the company, and no independent count of delivered units. The gap between a long list of project names and a short list of verified completions is a pattern worth recognising rather than a verdict, and it is the same pattern we documented at FIPS Multilinks Limited and in the group structure at Heritage Group Limited. Bektu (https://bektu.com) exists partly to make that gap visible, by recording what a developer's delivery history can and cannot be evidenced from.

On the regulatory side, we searched for enforcement and litigation involving the group and its named subsidiaries and found none: no Securities and Exchange Commission notice, no Federal Competition and Consumer Protection Commission action, no reported court judgment, and no state sealing or revocation. That is the result of a search, not a clearance. Nigerian court and registry records are incompletely digitised, and an absence of findings is not the same as a finding of absence.

What to ask for

Four documents answer most of what the public record cannot. The certificate of incorporation and CAC status report for the exact entity on the contract. The title document for the specific plot, with the registered owner's name on it, checked at the Lagos State Lands Registry rather than taken on trust. The planning permit for the specific development. And a handover or completion certificate for at least one project the company says it has finished, which is the single fastest test of a delivery claim.

The company's current listing is at bektu.com/companies/homework-group-africa. Buyers who obtain registration numbers, title references or completion documents that are not in the public record can have them added, which is how a developer's file stops depending on its own marketing.