By Rita Okoye
To address growing concerns about client defaults and build trust within the Nigerian real estate sector, Gtext Lands, a subsidiary of Gtext Holdings, has announced a new buy-back program. This initiative comes amidst rising industry challenges, including delayed payments and increasing demands for refunds on properties purchased years ago.
“A small number of defaulting clients have unfortunately cast a shadow over the entire real estate sector, including reputable developers like ourselves,” said Dr. Stephen Akintayo, Chairman of Gtext Holdings. “This buy-back program aims to demonstrate our commitment to transparency and accountability, while also ensuring the long-term sustainability of our operations.”
This one-time offer allows clients to return purchased land for a refund under a structured plan. While acknowledging the difficulties faced by some clients, Dr. Akintayo emphasized the need for a balanced approach that protects both clients and the company’s financial health.
Gtext Lands has consistently strived to uphold the highest standards of professionalism in the Nigerian real estate market. This initiative reinforces their dedication to restoring confidence and ensuring a more transparent and trustworthy environment for both developers and clients.