Lifecard International Investment Limited has begun reallocating land to subscribers at its Spectacular Estate in Ibeju-Lekki, Lagos, following government intervention that forced the relocation of the original property, as the real estate company moves to address complaints over delayed allocations and unresolved property investments.
The exercise, conducted on Saturday, October 31, 2026, at a replacement site in Ilamija, beside Alaro City, involved 12 subscribers who had completed payment for their properties.
The company said the new location offered better access and terrain than the previous site, which was reportedly affected by waterlogging and accessibility challenges.
The reallocation represents an attempt by Lifecard to resolve one of the outstanding issues confronting subscribers whose expectations of taking possession of their properties were disrupted by the relocation.
Onu Uche, chief executive officer of Lifecard, said the company reorganised the estate following engagements with the Lagos State Government and had commenced physical handovers to eligible subscribers.
‘After we had some engagement with the Lagos State Government and our property was relocated from where it was to this current location, we reorganised another location for our clients. Today, we are handing over the properties to them so they can take possession of their lands and continue development,’ Uche said.
He said the company had completed allocations for subscribers who had fully paid for their properties, while those with outstanding payments were not included in the exercise.
Although 12 subscribers attended the allocation on Saturday, some affected customers could not participate because they were outside Nigeria and had no representatives available to receive the properties on their behalf.
Uche said the company was working to accommodate other eligible subscribers, adding that allocation letters were being issued while survey plans and deeds of assignment were expected to be ready within approximately 10 working days.
The company expects to deliver the outstanding title documents within two weeks, a commitment that will be important in determining whether the physical reallocation translates into the documentation subscribers need to establish and secure their property interests.
Uche said fencing work was ongoing to protect the relocated properties against encroachment, while some subscribers had begun discussing arrangements to fence their individual plots. He added that Lifecard was also working on infrastructure and access roads for other properties affected by delays.
The company maintained that it did not anticipate further government-related problems at the replacement location.
At a press conference ahead of the allocation exercises, Grace Ofure Ibhakhomu, chief executive officer of Lifecard International Investment, acknowledged delays in property allocations and infrastructure delivery but rejected allegations that the company had sold nonexistent properties or abandoned subscribers.
She attributed the challenges to several factors, including government intervention, land disputes, flooding, encroachment, rising construction costs and difficulties accessing relocated estates.
Ibhakhomu said the company had engaged land vendors, contractors and other stakeholders to resolve outstanding cases, while promising to communicate the next steps to subscribers whose allocations could not be completed immediately.
She also apologised to affected subscribers, acknowledging shortcomings in the company’s planning, management and communication, and said Lifecard was reviewing its complaint-resolution procedures.
‘Our responsibility goes beyond acquiring land. It includes ensuring that subscribers receive the allocations, documentation and other benefits due to them under their respective agreements,’ she said.
Lifecard has consequently announced a series of physical site visits and allocation exercises across six estates in Lagos and Abuja as part of its efforts to address outstanding complaints.
Following Spectacular Estate, the company scheduled an allocation exercise at Eden Court for November 7 and Sprint Estate for November 13. Prosper Abuja is scheduled for November 14, while Advantage Estate is expected to hold its exercise on November 21. Physical engagements with subscribers at Grand Haven and Wealth Garden are scheduled for December 7.
The programme suggests that the Spectacular Estate exercise is part of a broader effort to address subscriber concerns across the company’s portfolio.
Ibhakhomu said Lifecard was prepared to make relevant land acquisition records and agreements available for examination through appropriate channels, subject to legal and confidentiality requirements.
The company has maintained that it remains committed to resolving outstanding cases and fulfilling its contractual obligations.
For now, the two-week timeline for delivering survey plans and deeds of assignment, alongside the scheduled allocation exercises at other estates, will provide measurable indicators of whether Lifecard can turn its assurances into tangible outcomes for affected subscribers.