The Most Expensive House In Banana Island Lagos Nigeria as of today is Mike Adenuga’s mansion located at the heart of Banana Island or Lagos state. The house is said to have cost N80 billion Naira which is the second most expensive house in Nigeria taking after Mrs. Folorunsho Alakija’s mansion located at Ikoyi.
These people live in luxuries and enjoy heaven on earth in those beautiful mansions. Here in this post, we’re going to see all the top properties in Banana Island that are more expensive than anyone.
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The Most Expensive House In Banana Island Lagos 2025
Below are the most luxurious and the most expensive houses in Banana Island Lagos. Although some of these houses values have increased significantly the owners are yet to revalue them. Leveraging the existing data, below are the details of the most expensive mansions in Banana Island Lagos State.
1. Mike Adenuga’s Mansion
Currently, the most expensive house in Banana Island Lagos is Mike Adenuga’s mansion. The Nigerian billionaire and oil tycoon currently owns the most expensive house on Banana Island today, which is worth about N80 billion Naira. This mansion is not just the most expensive house in Banana Island Lagos but also one of the most expensive houses in Nigeria at large. He’s the owner of Globacom and is also the richest black man in Africa. He is currently worth about $7 billion dollars.
Mike Adenuga’s house in Banana Island is said to have cost about N80 billion Naira as of when it was built and currently would be worth more than N100 billion Naira.
Mike Adenuga’s mansion is said to be the second most expensive house in Nigeria after Mrs. Folorunsho Alakija’s mansion and among the top most expensive buildings in Africa.
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2. P-Square’s Mansion
The P-Square’s mansion is another of the most expensive house on Banana Island, built by the duo Peter and Paul Okoye. The mansion can be found inside the Island and is owned by the twin Peter and Paul Okoye. It is occupied by the two brothers, families, and business allies, including their brother/manager, Jude Okoye.
The house is a part of a modern architectural style and has a lot of unique features. The interior of the house was designed by a famous interior designer, while the exterior was designed by a famous architect.
The mansion has a very big balcony which is also a unique feature. P-Square’s mansion, otherwise known as Pure Heaven, has been featured in several music videos, and it has been pictured in several magazines. The cost of building this mansion was about N1.5 billion Naira.
3. Linda Ikeji’s Mansion
Linda Ikeji owns the third of the most expensive house in Banana Island Lagos. She is known to be one of the most influential gossip bloggers. This is an N800 million Naira mansion in Banana Island, Lagos State.
It was acquired by the celebrity blogger Linda Ikeji in 2016, and it’s one of the most luxurious mansions in Nigeria.
Linda Ikeji, queen of Nigerian celebrity gossip, set a new benchmark for real estate in Lagos with the purchase of her new property, located on Banana Island coming third as the most expensive in the area.
She’s a popular Nigerian gossip blogger with her blog being featured on various international platforms such as Forbes. And she’s also a top highest-paid blogger in Nigeria and Africa. She gained popularity as the first adopter of blogging.
4. Sayyu Dantata Mansion
The fourth most expensive house in Banana Island Lagos is the Sayyu Dantata Mansion, which is owned by the Dantata family. The house is valued at N1 billion.
The beautiful mansion is owned by an oil tycoon who is also the owner of MRS gas stations across the country. He’s also a board member of Chevron Oil Nigeria PLC. He was also a former board member of Mobil Nigeria PLC.
No doubt, he can afford the millions to acquire such expensive houses and properties in the country.
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How Much Is The Most Expensive Land On Banana Island?
The most expensive land in Banana Island as of today costs about N1,500,000,000 per square meter (N1.5 billion Naira only) to acquire land per square meter.
Some parts of the banana island are way cheaper than that and depend on the land size you want. But lands are ridiculously expensive in that area perhaps due to the number of influential people that live there and the luxury it involves.
Who Has The Biggest House In Banana Island Lagos?
Without a doubt, Mike Adenuga has the biggest house in Banana Island Lagos and the most expensive in Banana Island, which costs about N80,000,000,000 (N80 billion Naira only).
The building is, however, currently worth more than N102 billion Naira.
Does Davido Own A House On Banana Island?
The answer to whether David Adeleke owns a house in Banana Island is simply Yes. The Nigeria Afrobeat artist, Davido recently acquired a property in Banana Island Worth N50 million (N50,000,000). Davido just purchased a new house in Banana Island, Lagos, Nigeria. The amount is yet to be revealed, but it is believed that he bought the house for N50 million.
Does Dangote Have A House On Banana Island?
No. Dangote is the richest man in Africa who can afford it but currently does not own a house in Banana Island. It is not like the mogul cannot afford it, but perhaps not interested in owning a property on Banana Island.
How Much Is P Square House In Banana Island?
P Square house in Banana Island costs about N50 million and is also the second most expensive house in Banana Island.
How Much Does A Luxury Home In Banana Island Cost?
The cost of houses differs depending on the size, location, and facilities provided. Luxury homes can be found anywhere in Banana Island Lagos for as high as N200 billion Naira.
The cost of living in Banana Island Lagos, Nigeria, is also the highest in Africa. The cost of living in Banana Island Lagos, Nigeria, is among the highest in the world because luxury homes here are very expensive.
The prices of the houses may not directly reflect the lifestyle or standard of living here because most people who live here are rich and can afford to pay for anything they desire.
