Asikhia Promotes Documentation, Transparency in Real Estate Through Festrut Group

Ugo Aliogo

As Nigeria’s real estate sector continues to expand, industry stakeholders are placing increasing emphasis on transparency, documentation and regulatory compliance as critical factors in strengthening investor confidence.

The Founder and Chief Executive Officer of Festrut Group, Professor Festus Uwakhemen Asikhia, has identified documentation integrity and professional administration as key elements of the company’s operations, positioning them at the centre of its real estate development model.

Through Festrut Global Shelter Nigeria Limited, the company has adopted processes aimed at ensuring title verification, documentation, deed certification and compliance with applicable regulatory requirements in its property transactions.

According to Asikhia, confidence in the real estate market depends not only on the quality of physical infrastructure but also on the credibility of the legal and administrative processes that support property ownership.

He noted that concerns over land ownership disputes, title verification and documentation have remained major challenges for many property investors, making transparency an important consideration in the sector.

Before establishing Festrut Group, Asikhia served in the Nigerian Security and Civil Defence Corps (NSCDC), where he gained experience in risk management, operational accountability and regulatory compliance.

He said the experience influenced his approach to real estate development by placing equal emphasis on legal documentation and physical infrastructure.

According to him, the company has developed internal systems to strengthen documentation procedures, administrative processes and compliance frameworks, with the aim of ensuring consistency across its projects.

He explained that the approach is intended to provide investors with greater confidence in property transactions and support long-term business sustainability.

Industry analysts have noted that as urbanisation accelerates and demand for housing increases, developers are expected to pay greater attention to governance, documentation and compliance in order to improve investor confidence and reduce disputes associated with property ownership.

They believe that stronger institutional processes could contribute to improved standards within the real estate industry and encourage greater participation by both local and international investors.

Asikhia said the company’s long-term focus remains on strengthening professional standards and promoting accountability in real estate development.

According to him, sustainable growth in the sector will increasingly depend on transparent business practices, sound governance and effective documentation systems that protect the interests of investors and other stakeholders.