Home / Breaking News / TVC Interviewed Femi Osibona, Owner Of 21-Storey Ikoyi Building (Throwback Video

TVC Interviewed Femi Osibona, Owner Of 21-Storey Ikoyi Building (Throwback Video

The Managing Director/CEO of Fourscore Homes, Olufemi Osibona spoke on the challenges and prospects of the real estate sector in Nigeria amidst issues of surging rents, housing deficits, and over-regulation in a throwback video with TVC.

…. I applied for a 2-storey extension in UK, the council wanted to write 2 storey, they made a mistake. So when we started developing it some people, neighbors went to report. You know when you have a 2 storey in London, you can’t do a 3 storey, 2 storey must go all the way. So they went to report me to the council, the council came, they agreed that they made a mistake, that I should not do the 3-storey, I went ahead and did the 3-storey. Then we went for a committee at the committee I won. That’s how we did the 3 storey….”

Talking about not listening to experts, he said:

“When I first came to Nigeria, I believed in consultants so much. If an architect tells me something, I will do whatever he tells me to do…. I later realized that some people they only Know book, they do not understand the practical aspect of the work….”


https://www.youtube.com/watch?v=8MVsgzdEt9o

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