BEVERLY HILLS, April 26, (THEWILL) – One of the multi-billion properties owned by socialite and construction giant, Olu Okeowo was demolished by officials of the Lagos State Building Control Agency on Friday. The three-storey edifice had reached 90 percent completion at the time it was pulled down by bulldozers.
It is not known if this move is politically motivated or if it is just the Office of the Ministry of Physical Planning and Urban Development just doing their job. Worth an estimated $250 million dollar, Okeowo who is the chairman of Gibraltar Construction Nigeria Limited, is one of the richest men in Lagos and lives in the most expensive mansion in Parkview, Ikoyi, Lagos. Named Palacio de Okeowo, the 16-room mansion bears a striking resemblance to the Basille Palace in France. Sitting on about five acres of land, the mansion cost about N4 billion to build.
A lover of high end cars, Olu owns a fleet made up of five Rolls Royce, two Bentleys, Mercedes G-Wagon, Range Rover, Cadillac Escalade, to mention but a few, all of which are parked in a fully air conditioned garage.
Ivory Ukonu is a versatile journalist with many years of experience, with entertainment and society reporting as her area of core competence.
