Read more about Banana Island below
There's also indoor swimming pool, car park, helipad, yacht deck and it sits on roughly 3 hectares.
His next door neighbour is Dantata. The massive estate was constructed by Julius Berger and Cappa & D'alberto construction company. See more photos after the cut...
Read more about Banana Island
Banana Island is a place of unrivalled opulence and grandeur. It’s an entirely different world from other parts of the country. It’s a gated community, and its inhabitants enjoy such luxuries as underground electrical systems and water supply networks, 24 hour-electricity supply (the only other place such privileged is the Nigerian President’s residence), extremely tight security, good road layout, a central sewage system and treatment plant and the well-cherished company of fellow wealthy folks.
The island is the most expensive place in Nigeria and one of the most expensive in Africa to own a house. Property on Banana Island is dollar-denominated. The average cost of buying a three bedroom apartment is $2 million. However, if you’re just looking to hang around the island for some time, and not to buy property, you can rent the same apartment for about $150,000 per annum. But there’s a clause: you must pay for an initial minimum term of 2 years – in advance. And there are no refunds. Ever! Also, the tenant is also mandated to pay a ‘service charge’ of $17,000 per annum.
A typical plot of land on the island usually goes for between $4 million and $6 million, and the cheapest building on the island costs upward of $8 million. But because of the ridiculous prices of property on the island, about 60% of the completed buildings are currently unoccupied.
So, who are the people who occupy the land? The list includes multinational corporations, well-paid expatriate employees, corrupt government officials; their concubines (or mistresses), and wealthy businessmen such as Alhassan Dantata, Kola Abiola and Nigeria’s newest billionaire, Mike Adenuga.