5 Nigerian Kings who are big players in the Lagos real estate scenery

In Nigeria’s real estate sector today, particularly Lagos, there are a number of top Nigerian kings and monarchs who have overtime, become quite influential when discussions regarding the sector are being made. 

These are first-class Obas in their own right who have relative measures of strong-hold on their respective empires (communities) and bring about peace & orderliness among their people.

To a large extent, it is only these kings who have an almost ultimate level of control on ‘omo oniles’ and the range of developments that go on in their communities.

However, the focus for now will be restricted to Ibeju Lekki, Lagos and it’s immediate environs, because it is currently the major hub of real estate developments in the country. 

Ibeju Lekki, a community in Lagos State, has indeed become one of the choicest landscapes not just in Lagos State, but also in Nigeria as a whole.

Ibeju Lekki, formerly a rustic community made popular because of its waterfront access, has become an emerging economic property which, if properly harnessed, could become a goldmine for potential investors.

Prior to its creation, Ibeju –Lekki was treated as a backwater suburb to Epe Central and North, with its local government created from two autonomous communities, Ibeju and Lekki.

With the Dangote Refinery, Lekki Free Trade Zone, Lagos Ports Authority, upscale housing estates, among other multinational companies springing up daily in the area, it has grown to be one of the most prized locations in Lagos State.

The zone has been described as a global business haven by the Lagos state government, and a peep into the on-going activities at the site shows nothing less.

If as an investor, you’re looking to invest in a location that would give you triple the value of your initial investment, then we suggest you look keenly at Ibeju Lekki.

In a couple of years, you would be delighted you made a move today. Some top Real Estate development companies such as Realty Point Limited are currently selling at very pocket friendly prices when compared to the current market rate.

This week, Nigeria Real Estate Hub will be bringing you close to 5 Nigerian Kings who have become quite influential to real estate proceedings in and around this axis.

OBA OLUSEGUN RAFIU SALAMI

His Royal Majesty, the Onibeju of Ibejuland, Oba Olusegun Salami is one of the biggest monarchs/land owners in Lagos because of the new land acquisition going on in that area. Presently, a lot of real estate players have moved into the Ibeju Lekki and over 100 hectares of land has been sold.

Ibeju Lekki is a thriving community. It’s the new Lagos and gradually becoming the hub of Nigerian real estate activities. And that is why everybody is buying land there now because it’s one of the primes location in Lagos.

OBA IDOWU ABIODUN ONIRU

His Royal Majesty, Oba Idowu Abiodun Oniru is a first class monarch in Lagos. He is undoubtedly one of the most influential Nigerian kings and one of the biggest land owners in Lagos. He was trained in the United Kingdom as an engineer before he became an Oba of Oniru Kingdom.

Oniru family used to have over 6,000 acres of land along the coast but had lost some acres from the colonial days. Presently, land at Oniru is one of the most expensive in Lagos. Currently, a plot of land goes as high as 150 million. The Oniru family has contributed immensely, not only to the private estate, but Lagos state.

One of the most beautiful layouts and buildings in Lagos are in Oniru housing estates not just because the Oba was trained as an engineer but because they employed some of the best hands in the real estate sector to plan the estate very well.

OBA SAHEED ADEMOLA ELEGUSHI

Talk of class, elegant and wealth, Oba Saheed Elegushi has them all. He is one of the most respected Nigerian kings in Lagos with a large expanse of land.

Elegushi is at Ikate in Eti-Osa local government area of Lagos state. It is a 135 square kilometres land mass, cocooned by the Atlantic Ocean and Lagos Lagoon, Eti Osa and Ikateland.

According to history, the root of Eti Osa people can be traced to Olofin, who migrated from Ile Ife and settled in Iddo. Furthermore, Ikate is situated to the west of the geographical definition of Eti Osa, about three kilometres from Igbosere Creek, near Mobil oil company’s headquarters is presently located, formerly the site of Oroke Village, off Maroko-Epe expressway.

OBA ADETUNJI AKINLOYE

His Royal Majesty, the Ojomu of Ajiran land is a big player and his name is synonymous to land.

Oba Adetunji is a non executive director of Cityscape International Limited. He is the foremost traditional ruler in all of the Lekki Peninsula. Oba Adetunji is a graduate of the university of Ife.

He was recently honored with National Honour of O.O.N (Order of the Niger Award). He’s presently the chairman of Royal Realities Limited, a Cityscape subsidiary; a real estate development company currently involved in the development of 2 private residential estates along the high brow Lekki corridor in Lagos, Nigeria.

OBA TAJUDEEN ELEMORO

His Royal Highness, the Onitedo of Itedo is one of the big monarchs in Ibeju Lekki area of Lagos, closely situated to Epe town. The custodian of land in this town is Oba and many hectares has been sold.. The town Elemoro is one of the few communities that shares borders with Free Trade Zone and that has been the destination of real estate players.

If there is anyone we left out, kindly let us know in the comment section.

Lastly, I would like to reiterate that if you are thinking of investing in Ibeju Lekki without going through the stress and heartache of falling prey to omo oniles, just make sure you contact Realty Point Limited.

They are trusted developers where Ibeju Lekki is concerned and they can ensure you go through the acquisition process as smoothly as possible.