Client and structure
Select the instructing client, then the trust structure this mandate will use.
Construction escrow
Holds buyer or financier funds, released to the developer against certified construction milestones.
Acquisition completion
Holds consideration pending satisfaction of completion conditions in a share or asset sale.
Milestone escrow
Releases funds against a defined sequence of project or delivery milestones.
Condition escrow
Releases funds on satisfaction of a single specified condition, certified or time-based.
Parties
Settlor, beneficiary, and residual beneficiary for this mandate.
Settlor
Beneficiary
Residual beneficiary
Unused funds on discharge of this mandate return to the residual beneficiary.
Beneficiary account
The account that will receive tranche releases. This mandate cannot proceed until the account name is verified — this is the control that prevents misdirected payments, applied here at registration rather than at release.
Continue is disabled until the account name is verified.
Release conditions
Ordered tranches that make up this mandate. The running total must reach 100% before the mandate can be instructed.
| Description | Trigger type | Attestor | Evidence required | Amount / % |
|---|---|---|---|---|
| Foundation works certified | Certified milestone | Independent quantity surveyor | Certified milestone report | ₦13,800,000 (30%) |
| Structural completion certified | Certified milestone | Independent quantity surveyor | Certified milestone report + site inspection | ₦18,400,000 (40%) |
| Finishing & handover certified | Certified milestone | Independent quantity surveyor | Certificate of practical completion | ₦13,800,000 (30%) |
Certifier
The independent certifier appointed to certify each tranche's release conditions.
Certifier
Oluwaseun Adeyinka MNIQS
Firm
Adeyinka Quantity Surveying Partners
Appointing party
The trustee
Scope
Certification of all three tranches
Deed
Generated deed preview. Parameterised fields are highlighted.
Deed of Trust — Milestone Escrow
This Deed is made on 24 Jul 2026 between the trustee ("the Trustee"), Homegrid Proptech Limited ("the Settlor") and Ridgeway Construction & Engineering Limited ("the Beneficiary").
The Trustee holds the sum of ₦46,000,000 (the "Trust Property") upon trust, to be released to the Beneficiary in tranches upon certification by Oluwaseun Adeyinka MNIQS, the appointed independent certifier, in accordance with the release conditions set out in Schedule 1.
Unused Trust Property remaining on discharge of this Deed shall revert to Homegrid Proptech Limited as residual beneficiary.
This Deed is governed by the laws of the Federal Republic of Nigeria and executed under the trusteeship licence of the trustee, registration RC-XXXXXX.
Execution route
Mandate value
₦46,000,000
Counsel-review threshold
₦50,000,000 (Homegrid Proptech Limited)
Review and instruct
Confirm the mandate below before instructing.
Client and structure
Client
Homegrid Proptech Limited
Structure
Milestone escrow
Parties
Settlor
Homegrid Proptech Limited
Beneficiary
Ridgeway Construction & Engineering Limited · account verified
Residual beneficiary
Homegrid Proptech Limited
Certifier
Oluwaseun Adeyinka MNIQS
Value and execution
Total value
₦46,000,000 across 3 tranches
Execution route
Auto-execute — below ₦50,000,000 threshold