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The most interesting fact about Agungi is that it was once known as Ajiran Land. Even though there are lagoons and seashores in the area, it used to be known as the lonely and far-off outskirts of Lagos. However, Ajiran Land is now a busy and growing business and residential neighborhood with peaceful water features.

There are numerous malls and plazas in Agungi. Additionally, it features a street market where you can buy practically everything. The Jakande Market and Cycle Mall are 5 minutes away from Agungi. Other businesses there include Ebeano Supermarket, Shepherds Place, Scapular Plaza, The Noir Shop, Mustapha Plazas, Mdk The Baker's Shop, GIG Logistics, and Debby Mall.

Agungi is mostly a residential area with many estates. The majority of these estates are made up of duplexes and apartment buildings. Agungi's estates are mostly call-in estates, which means you can't enter without first contacting the person you're visiting. Some Agungi estates are gated, while others are not, but they are all adequately secured. Among the many estates in Agungi are Friends Colony, Alperton Estate, Heirs Park Estate, Bakare Estate, and WhiteOak Estate.

In Agungi, the fact that there are many places where people can easily relax or do other things during the day is enough. There are gyms, fast-food restaurants, and game houses in Agungi. There is also a movie theater at the Cycle Mall, which is a short walk from the Agungi bus stop. Domino's Pizza and Cold Stone Creamery, Elis Restaurant, Lunch Buffet, D Perfect Kitchen, Gold Plates, Feast House, and others are nearby fast-food restaurants.

After dark, Agungi becomes a bustling area. You can begin your evening with a standing bar at Bay Lounge or a mouthwatering ram or beef Suya at Suya Brothers. A nightclub is another option where you might rock out and sip on refreshing cocktails. If nightclubs aren't your thing, you can spend the evening at Slay Karaoke House with friends or even by yourself. You can enjoy Agungi's vibrant nightlife at many locations, including Owen's nightclub, Titanium nightclub, Wind lounge, etc.