The Most Expensive Houses In Banana Island, Lagos (2024)

Where are the most expensive houses in Banana Island? Which popular people stay in these expensive homes? Read on to find out.

It is usually said that certain things in life simply have to be experienced, not explained. An example of this thing is luxury. How much more can luxury be explained without feeling it? How much more can wealth be explained without knowing what it feels like to be wealthy? These are the questions that come to mind.

In Lagos State, Nigeria, Banana Island is an affluent neighborhood. It is a man-made island off the coast of Ikoyi, and its name comes from the way it resembles a banana. It is the most prestigious estate in Nigeria.

Of course, the homes in such an estate are expected to be extremely comfortable ones, homes that are devoid of pollution and have a good ambiance. Just as Coco Chanel said, “Luxury must be comfortable, otherwise it’s not luxury.”

The bulk of powerful and wealthy Nigerians reside on Banana Island. Here live numerous affluent Nigerians, including Mike Adenuga and Linda Ikeji. It is the most prestigious estate in Nigeria. The cost of the homes here is in the millions and billions of naira, therefore they just are not inexpensive. They are indeed substantial homes.

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Most Expensive Houses In Banana Island

Here are some of the most expensive houses in Banana Island, Lagos:

Mike Adenuga’s Mansion

This residence ranks as the second most expensive home in Nigeria and the most expensive residence on Banana Island. Mike Adenuga, a business mogul in the telecom industry and a magnate of oil, is the owner.

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Mike Adenuga is one of the richest black men in Africa and he is the founder of Globacom. His current net worth is estimated to be 7 billion Naira.

Initially estimated to be worth #80 billion Naira, the value of Mike Adenuga’s residence has reportedly climbed over time to reach #100 billion.

Davido’s Mansion

The Giuliano de Medici, a building developed by Sujimoto Constructions, features 8 luxurious 5-bedroom terrace apartments, each worth $1.5 million, and the “Fall” star Davido’s most recent residence is one of those units. This makes Davido the embodiment of luxury living.

Davido exists on this list with one of the most costly residences in Banana Island, Lagos, Nigeria, with a mansion estimated to be worth $1.5 million, or nearly N5 billion naira, the region in Nigeria that is most often referred to as the “heaven of billionaires.” A swimming pool, an ultra-modern gym, and an elevator are all features of this home. Additionally, Davido can compose music in the studio in the apartment.

P-square’s Mansion

The second most expensive mansion in Banana Island is owned by the well-known twin singers Peter and Paul Okoye, popularly known as P-square. The home’s interior is stunning because a well-known interior designer designed it, while a well-known architect constructed the exterior, which is as magnificent. This mansion is estimated to cost about 1.5 billion Naira.

In addition to filming some of their successful music videos there, these singers have also featured the interior of their homes in a number of magazines, showcasing the splendor of their homes to the public. One of the most lovely spots in the mansion is the balcony.

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Linda Ikeji’s Mansion

One of the highest-paid bloggers in Nigeria and Africa is Linda Ikeji. The queen of Nigerian celebrity rumors, she is renowned for it. Her blog has been highlighted on a number of foreign websites, including Forbes. She is the third-richest homeowner on Banana Island. She reportedly purchased a home in 2016 that is estimated to be worth 600 million Naira.

Sayyu Dantata’s Mansion

The Sayyu Dantata Mansion, which belongs to the Dantata family, is also one of the most expensive houses in Banana Island, Lagos. The value of the home is roughly 1 billion Naira.

An oil mogul who also owns MRS petrol stations across the nation is the owner of the lovely home. On the board of Chevron Oil Nigeria PLC, he also serves. Additionally, he served on the board of Mobil Nigeria PLC.

Final Notes

Though there are many other expensive houses of which Folorunso Alakija’s is the most expensive, they are located in other parts of the country.

The cost of living in Banana Island is quite high but it’s definitely worth it, it has good security, good roads, stable electricity, and wonderful aesthetics for those who love taking pictures. If you can afford it, Banana Island is definitely the place to live.

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