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Nigerian Elite Buying Up London - Politics (2) - Nairaland

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Re: Nigerian Elite Buying Up London by IgrigiAPC: 4:46pm On Oct 27, 2014
ba7man:
bigots are depressed people.

It is also a primal behaviour of man which means its a behaviour closer to what cavemen and Animals exhibited to protect themselves.

I.E ; Bigots are lesser men. #FACT.

See who's calling someone a Bigot!. SMH vigorously.

3 Likes

Re: Nigerian Elite Buying Up London by wonlasewonimi: 4:55pm On Oct 27, 2014
benega:
Its true; when I purchaced my 1st victorian mansion @ northhampton ave. In greater london, I taught I was the only african there. But it turned out most of my neighbours were africans mainly Nigeria

The one very close to Rye lane abi?

1 Like

Re: Nigerian Elite Buying Up London by obailala(m): 5:25pm On Oct 27, 2014
Very disheartening indeed that African leaders keep shipping collective national wealth abroad to purchase properties they will never live in while their people suffer in penury and millions of their people have no roof over their heads. undecided

I have just been reading a lot of ignorant comments from unenlightened Brits on the article. Most of them believe these monies are illegal proceeds of the aid they give to African countries that's being returned to Britain by corrupt African leaders. undecided

http://www.dailymail.co.uk/news/article-2808556/Wealthy-Africans-spending-4million-London-property-WEEK-snap-exclusive-investments-capital.html#ixzz3HLu7HJZI

2 Likes

Re: Nigerian Elite Buying Up London by shizzleStar: 5:32pm On Oct 27, 2014
oduastates:
[s]We all thought shagari was bad enough but
Jonathan is something else.[/s]
The worst thing is that virtually almost all Nigerians are involved in one criminal enterprise or the other.
The entire country is one huge crime infested jungle.
You FOOL, what has Jonathan got to do with this?

Keneking:
This government sef...buying up london since 2011.
Another FOOL, is it the government buying up the houses?
Re: Nigerian Elite Buying Up London by iconize(m): 5:37pm On Oct 27, 2014
Arch1:
Folorunso Alakija- This woman is from Ikorodu in Lagos state. The Ikorodu-Ogijo-Sagamu road(albeit a federal road)is in a very bad condition. The 4th mainland bridge which would link Lagos Island to Ikorodu still remains a campaign manifesto till date. With all her wealth and affluence there is nothing stopping Folorunso Alakija from championing the construction of these infrastructures in her home city instead of buying mansions in the U.K

Sense.
Re: Nigerian Elite Buying Up London by RockMaxi: 5:43pm On Oct 27, 2014
PapiWata:


I heard differently sir, but hey, at least we agree that the woman was given oil wells through the back door, as though those multi-BILLION dollar areas of seaboard were private property, and not the national assets that they truly are supposed to be.

So in summary we agree that the woman is a beneficiary of an ILLEGAL oil block allocation, but the details on which particular administration facilitated the mega-theft remain in dispute among observers. Six of one, half-dozen of the other, I'd say.


#$grin***Alright oo. grin

Re: Nigerian Elite Buying Up London by ba7man(m): 6:11pm On Oct 27, 2014
IgrigiAPC:


See who's calling someone a Bigot!. SMH vigorously.
it seems you feel my post is targeted at you. cheesy

Guilty concience??
Re: Nigerian Elite Buying Up London by stevnwigw1: 6:34pm On Oct 27, 2014
they thought there might be war in Nigeria by 2015 so the mad rush.
Re: Nigerian Elite Buying Up London by Nobody: 1:35am On Oct 28, 2014
Horus:
[size=17pt]Here are some of the Comments on dailymail[/size]

iceicebaby, Exeter, 20 hours ago

Should be investing in their own country...putting an end to the severe poverty, poor health,slums,lack of fresh water,medical treatment and poor sanitation... Disgraceful that they flaunt their wealth whilst the rest of the world pays to give their poor some sort of hope...

dontwo Hull, hull, United Kingdom, 20 hours ago

And the moral of this story is "Charity is money given by poor people in rich countries to rich people in poor countries". Remember that the next time you feel like giving.

Anon, Pluto, Germany, 20 hours ago

nice to see that blood money is so welcome in London. Maybe they should really sort out their own countries instead of letting their people live like a rat in a hole.

PollyToynbeesBrother, London, United Kingdom, 20 hours ago

It's good to see that our overseas aid is actually being spent in this country.

MstBaster, London, 20 hours ago

Rich? Must be all those 419 scams they keep carrying out!


Tim, Birmingham, United Kingdom, 15 hours ago

It's comforting to know that the majority of the 12 Billion pounds give in aid in 2013 is being invested into London property. But the again am I a cynic, or perhaps a realist?

Familylady, Kent, United Kingdom, 20 hours ago

You have to wonder where the money came from in the first instance, what do they have to sell to make such fortunes?


tonyb, Shrewsbury Shropshire, 19 hours ago

So do they still need our money?


Kathy, Gourock, 16 hours ago

We should stop giving as much money in aid when they have people of there own who could fund money towards building a decent hospital as well as housing for the people of the country instead of relying on us in the west to give all the time.













o'boy..see comments grin
Re: Nigerian Elite Buying Up London by AfroBlue(m): 7:25am On Jul 31, 2015
Is the buying still going on?
Re: Nigerian Elite Buying Up London by Konquest: 4:10pm On Apr 24, 2021
Olaone1:
Wealthy Africans spending almost £4million on London property every WEEK as they snap up some of the most exclusive investments in the capital



Super-rich oligarchs spending almost £4million-a-week on London property, new report by estate agent reveals
More than £600million has been spent in the capital by Africans within the last three years and its on the increase
Cultural ties, education and wealth all factors in move to UK, as well as risk of terrorism in home nation and Ebola
Report shows the wealthy buyers are mostly from areas in Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal.

Wealthy African buyers are spending almost £4million on London property every week as they look to snap up exclusive investments in the UK, it has emerged.

Super-rich oligarchs are taking their vast resources and investing them in the safe haven of London property - with more than £600million spent in the capital in the past three years.

A mixture of traditional reasons combined with increased terrorism and the outbreak of Ebola is said to be behind the dramatic influx of African money to the capital.
While African buyers only account for 1.5 per of transactions in the 'ultra prime' London market, they make up five per cent of sales by value - up from two per cent.


Nigerians are the biggest spenders, with wealthy nationals forking out £250million on London homes in the last three years.



The new wave of super-rich includes Aliko Dangote, a Nigerian business magnate who, with a £16billion fortune, is Africa's wealthiest man.

Folorunsho Alakija, a billionaire oil tycoon, fashion designer and philanthropist from Lagos, is also a big investor in the London property market. She recently bought four apartments in One Hyde Park, the super-exclusive development in Knightsbridge.

Her British-born nephew Rotimi Alakija, who also goes by the stage name of DJ Xclusive, has also invested property in the capital.

It is thought other tycoons have also been eyeing up homes on Kensington Palace Gardens - known as Billionaires' Row.


Gary Hersham, managing director of Beauchamp Estates, revealed he has had three super-rich Nigerians enquiring about homes in the past week alone. This is despite the average person in Nigeria earning just £850 per year.

He said: 'I've had an upturn in African buyers over the last few months.

'The situation in West Africa at present is pushing rich African buyers back into Central London at a significantly higher level than is normally experienced.

'While war, disease and terrorism in West Africa grab media headlines, actually for super-rich Africans its domestic wealth, cultural ties to London, general safety and education for their children that are the key attractions for buying a home in central London.'

Mr Hersham said these super-rich look to buy property in the 'platinum triangle' which is made up of Mayfair, Belgravia and Knightsbridge.

Around 80 per cent spend between £15million to £25million on a residential property, with ten per cent spending more than £30million.

If they are not buying, they are renting luxury homes for up to £15,000-per-week and staying for between six weeks and three months per year.

London's reputation for having a residential property market, which is secure and a stable investment, is one of the main reasons wealthy Africans are buying, according to Beauchamp Estates.

Another reason is historic cultural and community ties.

Nigeria is a Commonwealth country and there is a community of 70,000 in London. There are a similar number of Ghanaians in the capital.
It is thought the property tycoons have been eyeing up homes on Kensington Palace Gardens - known as Billionaires' Row (pictured)


The third reason is education, with King's School Canterbury, Wycombe Abbey, Cheltenham Ladies College, Eton, Harrow and Bradfield are among the favourite private schools for wealthy families from Africa.

According to the Nigerian embassy, Nigerian nationals spend more than £300million-a-year on tutoring, accommodation, fees and equipment at British schools and universities.

Mr Hersham added: 'It is going to be the African century.

'Continental African buyers or luxury tenants in London are currently where the Russians and Ukrainians were five years ago.

'At present virtually all the transactions are for end use, not rental investment, which indicates that the African buyer market in London has significant room for growth and maturity.

'Nigerians have been long standing property purchasers in the central London market, going back to the early 1980s.

'However, in the 1980s and 1990s they typically purchased houses in North London, in Hampstead, St Johns Wood and Primrose Hill.

'Now, enhanced wealth has enabled them to move into the ultra prime market in Mayfair, Belgravia and Knightsbridge, and have been joined by affluent purchasers from other West African and French equatorial states.'



Read more: http://www.dailymail.co.uk/news/article-2808556/Wealthy-Africans-spending-4million-London-property-WEEK-snap-exclusive-investments-capital.html#ixzz3HLu7HJZI

Yup! Still going on relentlessly with
financially loaded people embarking on a Plan B in case of any major political or economic quagmire.
Re: Nigerian Elite Buying Up London by Konquest: 4:24pm On Apr 24, 2021
Olaone1:
Around 80 per cent spend between £15million to £25million on a residential property, with ten per cent spending more than £30million

Base line... OK!

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