The Process
How RaffleProp Works
Four clear steps from discovering a property to holding the title deed. Every step is transparent, regulated, and independently verified.
Browse Properties
View campaigns with full property details, independent valuations, and regulatory approvals.
Buy Tickets
Select a ticket bundle, answer a skill question, and pay securely via Paystack or Flutterwave.
Watch the Live Draw
Draws are streamed live on YouTube with an independent lawyer and notary as witnesses.
Win Your Home
The verified winner receives formal notification within 3 days and a full Deed of Assignment.
Built-in Protections
Your Money is Always Protected
Every safeguard below is contractually enforced by escrow and independently verified — not just a promise.
Full Refund Guarantee
If the minimum ticket threshold is not reached by the draw date, every participant receives a 100% refund automatically. No need to request it.
Escrow Protection
All funds are held in a ring-fenced escrow account at a reputable Nigerian bank, separate from RaffleProp's operating account. The bank details are published on every campaign page.
Independent Legal Oversight
An independent property lawyer oversees every draw. The lawyer's name, firm, and NBA registration number are published on the campaign page.
Winner Guaranteed
If the minimum is reached, a winner is always drawn. RaffleProp cannot cancel a campaign once the minimum threshold has been hit.
Legal Framework
Why This is Fully Legal in Nigeria
Is this a lottery?
No. RaffleProp is structured as a Promotional Competition under Nigerian law. The skill question requirement means it is classified as a competition, not a lottery, and therefore does not require a National Lottery Commission licence.
Which federal regulator oversees this?
The Federal Competition & Consumer Protection Commission (FCCPC) regulates promotional competitions under FCCPA 2018. Every RaffleProp campaign must receive FCCPC approval before launching, and all draws are conducted in accordance with FCCPA §118–§124.
What about state-level regulations?
For properties in Lagos State, we also hold a licence from the Lagos State Lotteries & Gaming Authority (LSLGA). Requirements for other states are assessed per-campaign and disclosed on each campaign page.
How is RaffleProp registered?
RaffleProp Ltd is registered with the Corporate Affairs Commission (CAC) under RC 9484205. We are also SCUML-registered (Special Control Unit Against Money Laundering) and AML-compliant.