by Linda Straker
- Nigeria represents largest demographic in Africa applying to CBI
- Plan is to extend CBI to nationals of other African nations
- VTA Global Services license came into effect as of 3 November
A Nigerian company with an office in a residential area known for its luxury apartments and duplexes is the latest to be granted a marketing license by the Citizenship by Investment (CBI) Committee.
“Notice is hereby given that pursuant to Section 13 of the Grenada Citizenship by Investment Act, 2013, VTA Global Services, Block 4 Osborn Foreshore, Ikoyi Lagos, Nigeria, has been granted the license of a Marketing Agent and is therefore authorised to conduct business in the State of Grenada, pursuant to the terms and conditions specified in the said Grenada Citizenship by Investment Act, 2013,” said a notice published in the 21 November 2025 edition of the Government Gazette.
Signed by Thomas Anthony, Chief Executive Officer of the Investment Migration Agency (IMA), the license, which came into effect as of 3 November, states that the Agent License number GCBI-MA-094.
A Google search for the address of the company shows that Block 4, Osborne Foreshore in Ikoyi, Lagos, Nigeria, is a residential area with a variety of properties, including luxury apartments and duplexes. Properties in this area are known for being high-end, secure, and amenity-rich, with options for sale and rent that often include features such as waterfront access, private security, and recreational facilities.
Besides Grenada, its website shows that it offers global citizenship services to St Lucia, St Kitts and Nevis, Antigua and Barbuda and the Dominican Republic. “We provide expert team to create great value for immigration. Our certified and reliable Immigration Consultant professionals can help you get a positive decision on your case. We provide immigration services in all countries.”
Data published by the CBI Unit, which was rebranded the IMA in 2024, shows that a significant number of people granted Grenada citizenship through the CBI are from Nigeria, one of the West African nations targeted by the IMA.
The CBI legislation mandates the marketing agent must work along with a local agent to submit applications to the CBI Committee for consideration. Launched in 2014, the CBI has earned millions in revenue annually for the Government.
In July, Anthony announced that Grenada will be focusing on marketing the Citizenship by Investment programme to Africa, and a team from the agency will be embarking on a tour of West Africa in October 2025. He said then that Nigeria represents the largest demographic in Africa applying to the CBI, and the plan is to extend it to nationals of other African nations. As a member of a panel discussing the topic, “A showcase of Grenada’s Investment: Trade, Business and Tourism” at the 4th AfriCaribbean Investment and Trade Forum, he said African states will be targeted by the programme.
“We have been exploring more African countries; more recently, we were in Kenya in collaboration with the Nairobi Chamber of Commerce, and at that event, we had more than 100 individuals attending, and we believe that we will see some fruit from that event,” said Anthony.
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