Elijah Adebero
Star singer, Davido, on Thursday unveiled his house at Banana Island, Lagos.
It happened weeks after he unveiled two star-brand cars, just as he has also declared that he made $13m last year.
Many will thus not be surprised that he chose to be a landlord in Banana Island, as his fortune as continued to expand as an international musician.
Of course, his father, Deji Adeleke, is also a billionaire.
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The original Banana Island construction project entitled Lagoon City was the brainchild of the Late Chief Adebayo Adeleke, a University of London-trained Civil Engineer (MICE), and CEO of City Property Development Ltd.
Adeleke had originally commissioned a new urban development in Maroko, Victoria Island, but that project had been acquired by the Lagos State Government. Following a lengthy 10-year court case, the government offered other parcels of land as consideration for the Maroko development.
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Many scoffed at Chief Adeleke’s decision to select the Ikoyi Island perimeter, because they were unable to appreciate the foresight of the Chief, who promptly engaged the Westminster Dredging Company to dredge the foreshore, and create six interlinked and symmetrical islands.
He wanted to create a development that would “Make Nigeria Proud”, and engaged Minoru Yamasaki the architect of Manhattan’s World Trade Centre ‘Twin Towers’ building. Starchitect Yamasaki’s replica twin towers comprised the flagship iconic building on the main island.
To complete the Lagoon City concept, Chief Adeleke planned an aesthetic design including a City Airport, which was a vision conceived long before the London Docklands Development, London City Airport, Dubai’s Palm Islands or Hong Kong’s Chek Lap Kok Airport.
As soon as he had reclaimed the land and the idea was unveiled, others attempted to wrestle the land from him, and the project was ‘acquired’ again with no consideration being paid to City Property Development Limited. Since 1983, the ‘acquisition’ is being challenged in various courts, and there are Caveat Emptor warnings in place to warn prospective buyers that their investment could be at risk in future. There is also litigation pending in the UK and European courts regarding this matter.
The subsequent developers were principally interested in maximising the yield of the land at the expense of the aesthetic innovative design foreseen by Chief Adebayo Adeleke. Consequently, the land was filled in to create a banana shaped island, hence Banana Island. Banana Island is an area of Ikoyi, Lagos, Nigeria, 8.6 kilometres east of Tafawa Balewa Square. Part of the Lagos Local Government Area of Eti-Osa in Central Lagos.
Banana Island hosts several high end residential developments such as Ocean Parade Towers ]- a series of 14 luxury tower blocks strategically situated at one end of the island to take advantage of 180-degree panoramic views overlooking the lagoon. Similar to many of the developments on the island, it has dedicated leisure facilities such as a private health club – with tennis courts, squash courts and a swimming pool surrounded by extensive gardens. At launch flats in Ocean Parade sold for over US$400,000.
Several leading Nigerian and International corporates such as – Etisalat Nigeria, Airtel Nigeria, Ford Foundation Nigeria and Olaniwun Ajayi & Co – are also based on Banana Island.
SOURCE: Wikipedia
