Trustee console
6
Folake Adebanjo Director of Trust Operations
Live
Value ₦84,500,000
Client Tranquil Trust Limited
Structure Construction escrow
Executed 15 Oct 2024

Parties

Settlor Origin Capital Partners Limited Project financier
Beneficiary Tranquil Trust Limited Developer — draws down per certified milestone
Residual beneficiary Origin Capital Partners Limited Unused funds revert on discharge

Dedicated virtual account

Deed

Reference

DEED-2026-0417

Execution date

15 Oct 2024

Download deed

Release conditions

4 tranches over 18 months

1
Foundation & substructure certified Attestor: Oluwaseun Adeyinka MNIQS · Evidence: certified milestone report Released 14 Apr 2026 · Ref EXE-2026-0417-1
₦21,125,00025.0%
Released
2
Superstructure completion certified Attestor: Oluwaseun Adeyinka MNIQS · Evidence: certified milestone report + site inspection photos Certified 20 Jul 2026
₦19,800,00023.4%
Awaiting authorisation Authorise release
3
Roofing & envelope completion certified Attestor: Oluwaseun Adeyinka MNIQS · Evidence: amended deed pending counsel execution Deed amendment DEED-2026-0417-C routed to counsel 19 Jul 2026
₦21,200,00025.1%
4
Practical completion & handover Attestor: Oluwaseun Adeyinka MNIQS · Evidence: certificate of practical completion Expected Q1 2027
₦22,375,00026.5%
Not yet due

Timeline

15 Oct 2024 Mandate originated, deed DEED-2026-0417 executed
14 Apr 2026 Tranche 1 certified and released — ₦21,125,000
19 Jul 2026 Tranche 3 deed amendment routed to counsel
20 Jul 2026 Tranche 2 milestone certified by Oluwaseun Adeyinka MNIQS
24 Jul 2026 · Now Tranche 2 awaiting officer authorisation

Audit entries for this mandate

Open full ledger →
Entry hashTimestampActorAction
0x3d7e…04bf 15 Oct 2024 · 11:15:02 WAT Aisha Bello Deed DEED-2026-0417 executed
0x8f2a…91c6 14 Apr 2026 · 14:02:47 WAT Folake Adebanjo Tranche 1 release authorised — ₦21,125,000
0x1a9c…56fd 19 Jul 2026 · 10:05:19 WAT System Deed amendment DEED-2026-0417-C routed to counsel
0x6b04…e2a1 20 Jul 2026 · 16:48:33 WAT Oluwaseun Adeyinka MNIQS Tranche 2 milestone certified