Nigerian actual property mogul Umar Abdullahi, proprietor of Cosgrove Funding Restricted, closed the 12 months with a shock for his workforce, approving ₦4 billion ($2.7 million) value of firm properties as items to employees members, a transfer the agency described as recognition for loyalty and efficiency.
The announcement got here throughout Cosgrove’s 2025 retreat in Abuja, the place administration and key group members gathered for technique periods and inside opinions, in line with the corporate assertion printed by THISDAY.
Abdullahi, who owns the true property improvement firm, introduced the property awards as greater than a bonus. The initiative was framed as a technique to reward excellence, construct long-term safety for workers and deepen what the corporate known as a way of shared possession contained in the organisation.
Within the assertion, Abdullahi stated the choice mirrored Cosgrove’s wider dedication to empowering its workforce and constructing sustainable prosperity for what he described because the Cosgrove household, as the corporate expands throughout Nigeria’s actual property market.
The gesture drew consideration in enterprise circles as an unusually tangible type of worker recognition in a rustic the place many companies lean on plaques, speeches and end-of-year events, not title paperwork. One other printed account described it as a present to employees tied to dedication and contributions to firm development.
Firm executives used the retreat to look forward. The conferences targeted on operations, organisational construction and efficiency, with repeated emphasis on faster undertaking supply, stronger customer support and sustaining what Cosgrove calls its commonplace for house improvement.
Groups reviewed what the corporate described as operational gaps and agreed on execution priorities for 2026, together with clearer accountability and quicker decision-making throughout departments.
Cosgrove Funding Restricted is a privately held actual property developer primarily based in Abuja. It develops and sells residential properties, typically marketed as premium or luxurious properties, and likewise positions itself as a builder of business actual property.
An enormous a part of its branding is sensible properties and residential automation, that means homes designed with built-in tech programs for safety, power use, and distant controls. The corporate describes its method as combining expertise and sustainability in its developments
Cosgrove stated it’s increasing its footprint in a number of states, naming Jigawa, Kano, Lagos and Ondo, and it signaled that its plans cowl each residential tasks and highway infrastructure work.
