Home News Billionaire Estate Developer, Femi Osibona In Critical Condition After Ikoyi Collapsed Building

Billionaire Estate Developer, Femi Osibona In Critical Condition After Ikoyi Collapsed Building

One of Nigeria’s celebrated billionaire developers, Mr. Olufemi Adegoke Osibona, is in critical condition after a 21-Storey building that collapsed in Ikoyi, Lagos on Monday.

Osibona was among the many workers trapped in the collapsed building in the site, but very fortunate to have been rescued alive, though in critical condition and he had since been taken to the hospital.

Osibona, the MD of Fourscore Homes, is the brain behind 360 Degrees Towers – three highrise buildings of 15-Stories often referred to as Luxury in the Sky and the Shalom Apartments in Ikoyi, among other projects in Lagos and the United Kingdom, where he was celebrated as the first African developer to raise a 7-Storey building at 113, Albion Drive, London Fields, E8, 4LZ, in East London.

He was reportedly on a visit to the site of another of his big projects when the building collapsed.

Fifty-year-old Osibona hailed from Ikenne, in Ogun State. He studied Business and Finance at Croydon University in the UK.

Osibona started his real estate business in London, in 1997, also built the Fourscore Mansions in Waterkloof, Pretoria, South Africa.
He once revealed in an interview that he was selling shoes in London before he ventured into real estate and built over 50 projects in the city.

It is unclear just how many persons are trapped under the rubble, but luckily some have survived and few deaths have been sadly recorded

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