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Nairaland Forum / Nairaland / General / Properties / Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke (11004 Views)
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Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by mayour16(m): 3:43pm On May 12, 2018 |
Banana Island, is an artificial island off the foreshore of Ikoyi, Eti-Osa, Lagos, Nigeria. It’s often called Billionaires Haven. It is a place where the most expensive and luxurious mansions are situated. It was created to attract attention to the country, and I can say it did archive this aim. Several leading Nigerian and International corporates such as - Etisalat Nigeria, Airtel Nigeria, Ford Foundation Nigeria and Olaniwun Ajayi & Co - are based on Banana Island. A plot of land in Banana Island could cost hundreds of millions of naira and to rent and apartment costs nothing less than millions of Naira also. The properties in this island are usually sold for billions of naira or sometimes in dollars. The banana shaped island is approximately 1,630,000 square meters in size and has been zoned into 536 plots consisting of 100 closes, this serve to enhance the banana shape of the island. Residents are provided world class utilities including underground electrical systems, and not the general lying seen overhead. Plot sizes range from 1000 square metres to 4000 square metres. The island was designed with plots for residential, commercial, recreational areas, a main piazza, primary and secondary schools, fire and police stations, clinics, hotels and club-houses. Utilities offered include underground electrical systems, an underground water supply network, central sewage system and treatment plant, street lighting and satellite telecommunications networks, as well as overhead and storm water covered drainage. Averagely, the price of a luxury flat in Banana Island ranges between $130,000 and $200,000. This excludes $15,000 USD service charge per annum. Also, any potential tenant will be required to pay two years rent in advance. 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 Chief Adebayo Adeleke had originally commissioned a new urban development in Maroko, Victoria Island, but that project had been ‘acquired’ by the Lagos State government with no financial consideration paid. Following a lengthy 10 year court case, Lagos State government offered other parcels of land as consideration for the Maroko development. Many scoffed at Chief Adeleke’s decision to select the Ikoyi Island perimeter, however 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 Twin Towers, to design replica twin towers as the flagship iconic buildings 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. Unfortunately for the Chief, as soon as he had reclaimed the land and the brilliance of the idea was unveiled, others were determined to wrestle the land from him, and the project was ‘acquired’ again with no consideration being paid to City Property Development Limited. The ‘acquisition’ is currently 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 maximizing 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, which has resolutely failed to achieve any international iconic architectural acclaim, as it is now a residential scheme rather than the commercial development originally envisaged Sourc: www.estatehood..com
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Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by Nobody: 3:49pm On May 12, 2018 |
Sir, These pictures are not Banana Island, Lagos. So, which Banana Island is this one ? 1 Like |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by madridguy(m): 3:51pm On May 12, 2018 |
Noted. |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by laudate: 4:05pm On May 12, 2018 |
mayour16: You people just post anything without checking your facts. Late Chief Adebayo Adeleke who developed Banana Island, was NOT Davido's grandfather. Davido's grandfather was the late Chief Ayoola Adeleke who was once a Senator in the first republic, while his grandmother the late Chief Mrs. Esther Adeleke, was from Abia state. Chief Adebayo Adeleke who developed the Banana Island project died in the late 80s. He was Chairman of Lagoon City Development Corporation Ltd, which originally developed Osborne Estate, Ikoyi, and “Banana Island” in the lagoon, also within the old Ikoyi area. Both districts (i.e. Banana Island and Osborne Foreshore) in Lagos, were the subject matters of extensive law suits. Late Chief Adebayo Adeleke also owned City Group companies, and Export Manufacturing Ltd., Brook Street Insurance Brokers Ltd etc. His companies are currently being managed by his son Chief John Adeyemi-Adeleke, who is the Executive Director, World Trade Center Lagos. John Adeyemi Adeleke was born in London (UK), to the late Chief Adebayo Adeleke (Nigerian) and Ana K. Adeleke [née Alcantara] (of Venezuelan and Grenadian parentage). 7 Likes 1 Share |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by laudate: 4:54pm On May 12, 2018 |
Mr. John Adeleke serves as Chairman of Montgomery West Africa at Angus Montgomery Ltd. Mr. Adeleke has handled Trade & Investment Promotion and also Investment Risk Consultancy for foreign investors, although he was also a Partner ''of Counsel" of Nigeria's once largest partner-led commercial law firm, the Law Union. He's most known for his involvement with the World Trade Center of Nigeria in Lagos and as a Board Member in New York of the World Trade Centers Association. He has also been the WTCA's Regional Coordinator for Africa. He has been instrumental in settling Montgomery West Africa in Nigeria, and as WTCN Lagos has also assisted in promoting the trade exhibitions of the Montgomery subsidiary in South Africa, Specialised Exhibitions Pty. Ltd, in recent years. Finally, he was also a member of the the economic and investment sub-committee of the Presidential Policy Advisory Committee (PPAC) of former President, H.E. Olusegun Obasanjo, who created the PPAC to formulate the policy thrusts of his government prior to its inauguration in 1999. He was educated in England where he ultimately qualified as a Barrister. He also holds Masters in Law programme at Georgetown's Law Center in Washington DC. https://www.wtca.org/users/635-john-adeyemi-adeleke ; https://www.bloomberg.com/research/stocks/private/person.asp?personId=323235162&privcapId=112574045&previousCapId=112574045&previousTitle=Angus%20Montgomery%20Ltd 1 Like |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by laudate: 5:00pm On May 12, 2018 |
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Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by tck2000(m): 10:33am On Jan 07, 2020 |
Sir, |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by Ybaby: 4:47pm On Apr 18, 2022 |
Let me give a lesson in inheritance. Davido's grandfather was the creator of banana island abi na developer of banana island mayour16: He gave his kids some land that is Davido's father and Davido's father gave his own kids https://pmnewsnigeria.com/2022/03/13/adeleke-buys-another-land-for-davido-in-banana-island/ Nigerian billionaire, Adedeji Adeleke has purchased another land for his son, Davido, in Banana Island, Lagos. and Davido has promised to build the craziest crib for his kids Davido says he's about to build the craziest crib ever in ...https://www.pulse.ng › Entertainment › Celebrities — "I'm boutta build some crazy shit for the kids," he said at that time. The music star recently opened his new home in Banana Island. This is how they are a wealthy family... working hard and passing on generational wealth. You gerrit!? Stop eating at home - your dad can eliminate you if he gets the chance he is a bully, a greedy man and has a keen sense of entitlement with no understanding of lineage. I like that your mum's kins men said even you cannot sell which is what my dad told me too about my inheritance - they are for the kids coming - the rent is mine sha but the asset is for the generation Ole ni popsi eh o .... ma sa fun won |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by bluecircle470: 8:16pm On Jul 07, 2023 |
Sir, Read to understand |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by laudate: 8:13pm On Jul 31, 2023 |
Ybaby: You know how to tell big lies, shá! Davido's grandfather WAS NOT the man who developed Banana Island. Davido's grandfather was a politician who is NOT related to Chief Adebayo Adeleke who developed Banana Island. Get your facts right. The names are similar because Adeleke is a very common Yoruba Name, borne by tons of families from different parts of Yoruba land. |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by KidKonnekt: 12:09am On Jul 08 |
Chief Adebayo Adeleke a relative of Deji Adeleke (Davido's father). laudate: |
Re: Banana Island- A Wonderful Creation Of Late Chief Adebayo Adeleke by laudate: 3:08am On Jul 11 |
KidKonnekt: They are not even related. There are many families that bear the name Adeleke, that share zero blood ties or relationship. |
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