RevolutionPlus Property and the Flourish Apartments File: What the Public Record Shows

RevolutionPlus Property Development Company Ltd sells plots and apartments across Lagos, Abuja, Ibadan and, through a US affiliate, Dallas. Its own corporate pages list more than 30 estates. What the public record adds to that marketing claim is narrower and more useful to a buyer: on at least two documented occasions, Lagos regulators and buyers have gone on record saying specific products were paid for and not delivered. In January 2024 the Lagos State Real Estate Regulatory Authority convened a fact-finding meeting over 20 plots a customer said he had bought in 2017 and never received. In May 2026, sixteen subscribers to one Lekki project petitioned federal authorities over roughly N876 million. No court has found the company or any of its officers liable in either matter, and the managing director has publicly denied abandoning the project.

That gap, between a large estate portfolio and a documented delivery dispute on named projects, is what this piece sets out.

Who runs and owns the company

RevolutionPlus is easier to verify as people than as a balance sheet. A UK affiliate, REVOLUTIONPLUS PROPERTY DEVELOPMENT COMPANY LIMITED, is registered at Companies House under company number 13745690 at 71-75 Shelton Street, Covent Garden, London. Its filings name two directors, both appointed on 16 November 2021 and both recorded as Nigerian nationals: Bamidele Onalaja and Tolulope Onalaja. A corporate secretary, RF Secretaries Limited (company number 12269067), was appointed on the same date and resigned on 9 November 2022. Companies House states plainly that it does not verify the accuracy of what is filed with it, so these are declarations by the company rather than findings by a regulator.

The Nigerian operating company's own leadership page names Bamidele Onalaja as managing director and chief executive, Tolulope Onalaja as executive director, and Adejimi Olugbenga as assistant general manager and group head of accounts, alongside heads of project management, legal, human resources and communications. Those are the company's own statements about its own staff, which is the appropriate weight to give them.

Nigerian buyers should note what is not available here. The Corporate Affairs Commission registration number for the Nigerian entity does not appear on the company's public pages, and CAC's public search portal was not reachable during the preparation of this article. That is a records access problem, not a finding about the company. Anyone transacting should ask for the RC number in writing and check it directly against the CAC register.

The Flourish Apartments dispute

The most heavily documented matter concerns Flourish Apartments and Terraces on Orchid Road, Lekki.

This Day reported on 28 January 2026 that diaspora investors had accused the company of failing to deliver completed homes years after payment. The paper named several subscribers and the sums they said they paid: Thelma Egunjobi, more than N40 million in 2020 for a three-bedroom terrace; Prince Yellowe, N65 million in 2022; Dr Alex Adelesoye, an investor since 2020. Original agreements, according to that report, promised delivery by December 2022. This Day also reported that the Economic and Financial Crimes Commission had looked into the matter, that an agreement was reached under which subscribers made further payments in May 2025 toward a December 2025 handover, and that EFCC officers visited the site on 12 January 2026. Complaints were also said to have been lodged with the Lagos State Real Estate Regulatory Authority and the state anti-land grabbing commission.

Sahara Reporters reported on 19 May 2026 that sixteen subscribers had petitioned the Inspector-General of Police, the EFCC, the Lagos State governor, the Department of State Services, the Nigeria Financial Intelligence Unit and the FBI legal attaché. The petition, dated 12 May 2026, put the figure at about N876 million and named Bamidele Onalaja, Tolulope Onalaja and Adejimi Olugbenga. According to that report the petitioners asked for the managing director to be declared wanted, for an Interpol red notice, and for asset freezing and restitution. These are allegations in a petition. A petition is a request to an authority to investigate; it is not a charge, and none of the three named individuals has been reported as charged in connection with it.

Two days later, on 21 May 2026, the same outlet reported the managing director's response. He attributed the delay to currency depreciation and construction costs, saying cement had moved from around N3,000 to about N11,000, and that pricing had been set at earlier exchange rates. He said he was in Lagos rather than the United States, committed to finishing the project "within three to four months", and said the company would refund subscribers unwilling to pay more.

The earlier Lagos regulatory matter

The 2026 petition was not the first time a Lagos regulator looked at the company. The Guardian reported on 22 January 2024 that LASRERA had opened an inquiry after a customer, Kayode Oladipo, said he had bought 20 plots in 2017 and had not been physically allocated them. The locations named in that report were Dallas Court in Lekki, Royalty Gardens in Ajah and Amazon Estate in Epe. A fact-finding meeting was held on 19 January 2024, attended by the housing commissioner Moruf Akinderu-Fatai, the special adviser on housing Barakat Odunuga-Bakare and the ministry's permanent secretary Gbolahan Toriola.

The company's answer, as recorded in that report, was that only two of the 20 plots had been fully paid for with documentation completed, that the remaining 18 had not been paid for in line with contract terms, that the N40 million figure claimed was disputed, and that relocation or refund had been offered and refused. The report does not record a sanction.

What a buyer can check before paying

Nothing above tells you whether a particular RevolutionPlus plot or unit is sound. These are the checks that do.

Ask for the LASRERA registration number of the selling entity and the agent, and verify it with the authority directly. Lagos has declared real estate practice without LASRERA registration unlawful, so an unregistered seller is a problem in itself. Ask separately for the layout approval for the specific estate from the Lagos State Ministry of Physical Planning and Urban Development, and for the survey plan and title instrument for the specific plot, not for the estate as a whole. A general estate brochure is not a title. Our guide to perfecting title in Lagos through governor's consent sets out the sequence, and the 2025 notice covering 176 Lagos estates without layout approval shows how common the approval gap is.

For an off-plan purchase, the questions are different again. Put the completion date in the contract with a remedy attached to it, ask what proportion of units in the same phase has been handed over and when, and ask to speak to a buyer who has taken possession. Diaspora buyers paying from abroad should read our note on documenting foreign currency inflows before transferring. Bektu maintains company records at RevolutionPlus Property Devt Company Ltd and across the wider Nigerian developer market, which is a reasonable starting point for checking whether a developer's delivery history has been documented anywhere at all.

What remains open

As of the most recent reporting available, the Flourish Apartments matter is unresolved. No judgment has been reported, no regulator has been reported as imposing a sanction, and the company's position is that the project will be completed and that refunds are available to subscribers who want them. The 2024 LASRERA matter likewise ended without a reported penalty. Readers should treat the petitions and the complaints as what they are: statements by parties to a dispute, filed with authorities that had not, at the time of writing, published findings.