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Our Projects

Our major projects are listed below

 

ONGOING PROJECTS

  • 14 Duplexes in Abacha estate ikoyi, developed on 2900 sqm
  • 21 flats on ten floors, developed in lekki Phase 1, admiralty road, lekki

Other Projects

NICON TOWN (CHEVRON CREDIT SOCIETY)

This project is owned by NICON INSURANCE COMPANY LIMITED. It is strategically located along Lekki-Epe Express Way, just after Heroes Leather Works about ten minutes drive from Mobil Producing Corporate Office in Victoria Island, Lagos
The site is well sand-filled and settled site, covering a total land area of 57.298 hectares providing about 450 plots with 70% of the plots sold to Chevron Cooperative and Credits Society. The available plot sizes ranged from 800m to 1,000m.

The project was financed by Megamound and Indemnity Finance Limited who jointly financed the infrastructures including: Roads, Water supply, Electricity, Drainages, Telecommunication, Perimeter fence e.t.c. The civil infrastructural work was contracted to the construction giants PW Nigeria Limited while Julius Berger Nigeria Limited did the sand filling. The total value of the project is estimated at N2,500,000,000.00 (Two Billion Five Hundred Million Naira).

ELUGUSHI ROYAL HERITAGE ESTATE

By a Joint Venture Agreement and a Memorandum of Understanding, the Elegushi Property Investment Company Limited (Owners) agreed with Megamound/IFL Ventures Limited (Developers) to jointly develop a 20.733 hectare of land at Elegushi, beside Chisco Motors, Lekki-Epe Express Way, Lekki, Lagos into a residential site and service scheme with ancillary support facilities like Roads, Electricity, Drainages, Perimeter Fence, Streetlight e.t.c.

The site is properly sand filled, covering a total area of 21 (twenty-one) hectares which were laid out into various plot sizes of 800sqm and 1000sqm. The project has since been completed and plots sold to various applicants.

The total value of the project is estimated at 2,000,000,000.00 (Two Billion Naira).

OMOLE SHOPPING PLAZA

This multi-million naira project is situated at No 1, Isheri Road, Omole Ogba. Owned and constructed in 1996 by Megamound on a land area of approximately 1,200sqm, the plaza is a multi-purpose office complex. It consists of about 5 office suites with kitchenettes and conveniences; and 20 shops and offices. The plaza is estimated at a current market value of N100,000,000.00 (One Hundred Million Naira). The plaza is highly commercial.

 STOCKPILING OF SAND AT IBESHI

By an outright purchase, Megamound acquired a large tract of land measuring two (2) hectares situated at PEPE Village, off Rabaka Road, Owode, Ikorodu, Lagos State. The land was purchased to facilitate dredging activites and stock piling of sand for commercial purposes. To further facilitate this, giant dredging machines were acquired. Presently, the site has become a huge functional commercial dredging site with stockpile of sand measuring over 200,000 cubic meters.

VICTORIA CITY ESTATE

Megamound Investment Limited has obtained a concession from the Ojomu Royal Family for the physical development of 25 hectares of land at Lekki at a location adjoining the Victoria Garden City (VGC). This is an ongoing project which will in every way reflect the unique quality and distinction associated with Megamound.

ONIRU ESTATE

The company is currently constructing a six-storey five star hotel at Oniru Estate located at Lekki, Lagos State. This structure promises to serve the best interests of the corporate and hospitality business on Victoria Island.