How much does it cost to own a land in Banana Island?
Couple of weeks ago, Nigerian Afrobeat artist, Davido acquired a property in Banana Island Lagos. He purchased one of the units in the Giuliano de Medici, a building designed by Sujimoto Constructions which has 8 luxury 5-bedroom terrace apartments, each apartment costing as much as $1.5 million which in naira will equal to about N624 million, using the official exchange rate.
Banana Island, located in the Ikoyi neighborhood just about 5 miles east of Tafawa Balewa Square with a good road network , surrounded by the Lagos Lagoon, and hence, completely separated from the noisy areas of Lagos, is definitely a fine place to live in.
It is home to billionaires and multi-millionaires in the country, like Aliko Dangote, Sayyu Dantata, Kola Abiola, Mike Adenuga and is definitely the dream residence for many.
Barely weeks after moving into his new mansion, the 30 BG Boss has splashed a whopping N2.5 billion on a large expanse of land in Banana Island, gave thanks to God while sharing the good news, adding that he intends to build his dream home on the land.
Is Davido Lying or Saying The Truth?
The price of a plot of land in Banana Island is listed for nothing less than $1 million which is approximately N416 million while that for an acre of land is about $6.5 million, approximately N2. 7 billion. The most expensive land in Banana Island is N4. 5 billion while the cheapest is N55 million.
The question now is this–is the land Davido bought up to an acre? If yes, then he is being honest but if no, then he is blatantly lying.
If you ask me, I’d say he exaggerated the price. The land in the picture is not up to 2.5 billion.
Take a good look at the like land and share your observations in the comment section.
2.5 Billion Naira Land In Banana Island – Is Davido Lying or Saying The Truth?
