By Mercy Aikoye
Dr Kehinde Alex Bankole, founder of KAB Construction Limited and chairman of KAB Foundation, is expanding his investment in Nigeria’s real estate sector with a multi-billion-naira residential project aimed at providing more housing options for prospective homeowners.
The project, known as LEKKI COURTS BY KAB CONSTRUCTIONS, is a 350-unit residential estate located along Orchid Hotel Road in Lekki, Lagos, and forms part of Bankole’s broader ambition to contribute to the country’s housing development through private-sector investment.
The development comes amid persistent concerns over access to decent and affordable housing in Nigeria, where the cost of property ownership remains a major challenge for many households.
According to information provided by the project promoters, the estate will feature a mix of fully detached duplexes, semi-detached duplexes, terrace houses and blocks of flats, offering prospective buyers a range of residential options.
The variety of housing types is intended to accommodate different household needs and lifestyle preferences, although the extent to which the development will meet affordability concerns will depend on its pricing and the purchasing power of prospective homeowners.
A distinguishing feature of the project, according to the information provided, is its financing structure. The development is being self-financed without bank loans or public off-plan sales, a model that places the financial responsibility for construction on the project’s promoters.
The approach highlights the role of private capital in property development, particularly in a sector where access to financing, construction costs and the affordability of completed homes remain important considerations.
For KAB Construction Limited, the project represents an investment in residential development beyond the conventional pursuit of property construction. The company’s stated ambition is to contribute to expanding homeownership opportunities and creating lasting value through real estate.
Bankole’s involvement in the sector also reflects an effort to extend his activities beyond political engagement into entrepreneurship and community development, with housing as one of the areas through which he seeks to make a tangible contribution.
The significance of the project, however, will ultimately depend on its delivery, the quality of the completed homes and the extent to which the properties are accessible to the intended market.
While the construction of additional housing units can contribute to expanding supply, bridging Nigeria’s housing gap requires more than increasing the number of buildings. It also involves addressing affordability, access to mortgage financing, infrastructure provision and the availability of suitable locations for residential development.
These factors will remain critical in determining whether developments such as LEKKI COURTS can translate investment into meaningful homeownership opportunities.
The project’s location along Orchid Hotel Road places it within the Lekki property market, an area associated with residential development and growing demand for housing. Its performance in the market will depend on the value proposition offered to prospective buyers, including pricing, design, infrastructure and the quality of construction.
Through KAB Construction Limited, Bankole is positioning the development as part of a wider vision that links real estate investment with the aspiration of helping more Nigerians own homes.
As the project progresses, attention will focus on the delivery of the proposed 350 units and the practical benefits the estate will offer residents and prospective homeowners.
Ultimately, the success of LEKKI COURTS will be measured not only by the scale of the investment or the number of houses constructed, but also by the quality of the development and its contribution to meeting the housing needs of Nigerians.
For KAB, the ambition is to turn real estate investment into a lasting legacy, with the 350-unit estate serving as a major expression of that commitment.
