An online flyer pitched the building as “Luxury in the Sky.” It was 80 per cent completed prior to the collapse and was expected to start running in 2022.

OYINDAMOLA OLUBAJO

Luxury apartments in the 21-story building that collapsed on Gerrard Road, Ikoyi, Lagos, were being sold for $5 million (N2.85 billion at the prevailing exchange rate of N570/$) per apartment, according to online listings.

A flyer designed for the residential facility indicated that 65 per cent of the penthouses valued at $5 million each had been sold before its collapse.

However, other listings indicated that there were other low-ranged apartments listed for $1.2 million (N684 million).

An online flyer pitched the building as “Luxury in the Sky.” It was 80 per cent completed prior to the collapse and was expected to start running in 2022.

It was unclear when construction began at the site. Some parts of the 21 floors were said to be reserved for office spaces, but it was unclear how many. A spokesman for Fourscore Heights Limited that owned the building could not be reached for comments on Monday evening.

The collapsed building was one of the high-rise structures that had sprung up to bedeck the skyline of Lagos’ exquisite Ikoyi neighbourhood in recent years. Scores were feared trapped on the construction site on Monday afternoon, after the building which has been under construction for two years collapsed.

Although it is unclear how many people were trapped in the building, social media accounts said its owner and some other workers were inside when it collapsed.

Lagos emergency service said at least three bodies were pulled from the rubble as of Monday night, and search and rescue have intensified for the remaining victims.

Its component was “open outdoor recreation with outdoor Television Gym Etc, Swimming Pool, four Bedroom maisonettes, flats, duplex, and penthouses,” according to its promoters.

https://gazettengr.com/collapsed-ikoyi-building-was-going-for-n2-85-billion-per-apartment/

Na so people for use this huge amount of money buy their death certificate?

Heard the owner abi developer was trapped, if so when he is rescued, for the rest of his life he'd learn to do things right

Truly all that glitters is not gold.

Welcome to Naija.

Modified yahoo yahoo

So someone could have paid such huge amount to die untimely

Our way no pure for this country

Hmmmmm. See money

They now changed their mind and used the people for money rituals for trillions of Nairas!


December don dey reach. Famz, una gatz wise up.

Total greed and uncommon love of money finished the owner.

It gets really sad when you see things like this happening, you rarely see things like this in the western world were building codes/laws are been adhered to strictly. Disasters like this are avoidable but because of greed building collapse has become a norms in Nigeria. Every building has its structural standards that must be followed to the letter but you'll see engineers on site trying to go against specifications in order to cut costs and make more profits or clients on the order hand telling the engineers to minimize the use of materials so he can save more. Sometimes even when the engineers refuses to compromise on quality the client would tell him to go saying he's too expensive and look for one quack who's ready to do their bidding. It's even more sad that relevant agencies who are supposed to check these irregularities are given stipend and by so doing they forget about it and move on the next site.

I have left construction projects due to the fact that clients wants me to compromise in most cases. There was a project i was handling for a very popular church in 2016 it's an event centre, the structural drawings says a base of 4ft by 4ft is to be used with 16mm reinforcement bars. But these guys came saying using it as specificied will consume much money that they will want me to use 2ft by 2ft base with 12mm reinforcement bars as the columns. Well long story short i left the project as i told them i can't compromise the structural details as regards the building.

It's very important to maintain your integrity as Proffesionals so as not to stain yourself at the long run, forget about the money involved cos it's not worth other people's lives when the damage eventually occurs.

Money can't buy integrity. Rip to those that lost their lives...

15 floors were approved for the greedy Nigerian owner, but extra money dey sweet.

Now, his startup, and the extra money down enter gutter.

For putting the lives of humans to an avoidable end and risking the lives of some, the owner and Eko ni baje should be held responsible

Okay

na the amount cause am bdat

Yet the slowpoke went and engaged the We can do it cheaper crew.

The greed of the owner is alarming. I don't know why we are so wicked and think about money above human lives. The owner should be tried for man slaughter in the least.

so the owner was really expecting something hoooooge

Lagos houses are highly overpriced!!!
2 billi gini? For that tasteless thing?
The concentration of investments in Lagos ismthe main reason for this..

Ooops meeehn!
Awon to ko Ooni shentere ooo

Some people would have bought their death with money. What an irony it would have been. Oh well Life is damn funny.

Those who it was meant for werent complaining.
Rest in peace to all the dead.



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Na juju they want to use to sell it that amount. How much are they selling an apartment at Atlantic city. Na different story go deh come up now. Over to you.

Love of money

Leeeeeemaaaaooo

did anybody notice that the building collapsed straight down onto its foundation.

and the building had been standing for almost a year or more before the collapse.

Basically if the building was controlled demolition, it wold look exactly like this one did.
A straight down collapse unto its footprint affecting no nearby structures .

And then to top it up, its just by chance that this happened when the owner was inside .
Am just saying too many coincidences in this one to rule out foul play.

I pity the banks that funded the project.
Another bad loan in the making.

OnlineArchitect:
It gets really sad

Money can't buy integrity. Rip to those that lost their lives...

At the end of the day, no one goes to jail. Another building will still collapse.

Cool money in this country. Baba God-Connect your son o.

dre11:


An online flyer pitched the building as “Luxury in the Sky.” It was 80 per cent completed prior to the collapse and was expected to start running in 2022.



https://gazettengr.com/collapsed-ikoyi-building-was-going-for-n2-85-billion-per-apartment/

So person for pay 5million dollars for his death and that of his loved ones when he probably has scores of other well built property.