The Lagos Property Fund

What it is

The Lagos Property Fund holds cash and pays you income. You can have up to 20 bare plots. The fund pays 1% of its value each week.

How to use it

1. Go to Phone → Invest. The Fund card shows its value, payments and this week’s cash-out room.
2. To put cash in, use the Fund card. You can do this once you have 20 bare plots. The minimum is ₦1m.
3. To take cash out, tap Cash out and choose an amount within this week’s room.

Rules & numbers

• The fund pays one-seventh of its weekly income each evening at 6 PM. Payments are taxed like business takings.
• If you miss up to 8 evening payments, they are paid together.
• You can cash out up to 5% of the amount you put in each fund week. The weekly cash-out room is never less than ₦1m. A 5% agent’s fee is deducted.
• You can put in up to ₦1bn in total.