Olufemi Adegoke Osibona, the developer and owner of the 25 storey building that collapsed yesterday November 1, 2021, on Gerrard road, Ikoyi is among the over 50 people including workers trapped in the rubbles
Osibona who is the MD of Fourscore Homes, is the brain behind three highrise buildings called the Gerrard Terraces, one of which collapsed yesterday like a pack of badly arranged cards.
He reportedly owns the Shalom Apartments in Ikoyi, among other projects in Lagos and the United Kingdom, where he was celebrated as the first African developer to raise a 7-Storey building at 113, Albion Drive, London Fields, E8, 4LZ, in East London.
He was said to be on a visit to the site of the building which is still under construction when the building collapsed.
We had reported that the collapsed building had an overwhelming structural defect which was as a result of a deviation from the intended original structural performance of the building.
This had prompted the managing director of Prowess Engineering Limited, the structural consultants of the building, to withdraw its services, claiming that Osibona had deviated from the shared vision for the building.
The 50-year-old Osibona who hails from Ikenne, in Ogun State studied Business and Finance at Croydon University in the UK.
He started his real estate business in London, in 1997 and is the brain behind the Fourscore Mansions in Waterkloof, Pretoria, South Africa.
He once revealed in an interview that he sold shoes in London before he ventured into real estate and built over 50 projects in the city
So far, a few persons have been rescued with four bodies recovered from the rubbles of the collapsed building.
As at the time of filing this report, nothing has been said about Femi’s survival from the incident.
We will keep you posted on development as soon as we lay our hands on more detailed information.
THE STREET JOURNAL