Nigus Properties Launches sale of The Palisade™ a brand new resort style vacation community in Lagos, Nigeria.

Partnership with SAS Consultants, Ltd. brings first high-end resort style vacation ownership to the region.

Houston, Texas.—January 9, 2006—Nigus Properties, LLC today announced plans for commencement of sales for its first property in Lagos, Nigeria, The Palisade™. The Palisade™ will be the first vacation community in Nigeria developed by a major U.S real estate company.

It will be located in the prestigious Victoria Garden City (VGC) on Lagos Island, Nigeria.  The fully gated private community with round the clock security is said to be a fine choice for an ultimate vacation hideaway.  With premium features and amenities such as 24hr generators, high-speed internet access, cable/satellite TV Access, conference rooms and modern kitchen, bath and bedrooms, Nigus hopes to exceed the expectations of its future owners.

Currently one of the premium developers and managers in the vacation ownership industry, Nigus voices its company's commitment to bringing quality to better living in Nigeria and other parts of the world.

"This is the first Vacation Ownership property by Nigus in Nigeria.  We are very excited about taking our product to Lagos. The location is unbeatable and we will deliver a product that will raise the bar for the industry in Nigeria. The captivating designs, the spectacular views, and the focus on premium quality service will be unmatchable. With the opening of exciting side attractions such as luxury shopping malls, cinema centers, private clubs and new beaches in the area, we know The Palisade™ will attract those who like success and the benefits that come with it,” said Adey Harris, President and CEO Nigus Properties Nigeria Ltd. And Nigus Properties, LLC based in the United States.  “We also have more plans in our development pipeline for some other areas in Nigeria which I can not disclose at this time” Harris added.

The first phase of the sales process will focus on prospects that have shown interests in the preliminary offerings available at The Palisade™.  There are currently 194 deeds left to sell to prospects and some of these deeds are currently being applied for.  With prices starting only at $12,000, the management team of Nigus Properties encourages those interested to begin their application process early.

According to prospect owners surveyed by Nigus in the summer of 2005, the idea of taking a high-end vacation community to Lagos has been long awaited.   “Many of us need it, in fact this is an excellent opportunity for business owners and individuals like us who travel quite a bit to Nigeria with or without our families and really do not want to stay with anyone but want privacy,” said Ayo Williams, a future condominium owner at The Palisade™. "Our development will prove beneficial to the city of Lagos as we attract more visitors to the area, create jobs and spur additional growth in the hospitality and real estate industry of Nigeria," Harris completed.