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Nigeria’s Billionaire Tenant… Why Tunji Olowolafe Lives In A Rented Apartment In Ikoyi.

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7 years ago

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The life of a billionaire is oft befuddling. More often than not, they exhibit weird and wonderful characters that distinguish them from peers. But sometimes, they do things that make them look like the average man in the street. This is why the case of a billionaire construction giant, Tunji Olowolafe, blurs the line between utter incredulity and utmost curiosity.

 

Perhaps one of the most understated billionaires in this clime, Olowolafe was the sole individual whose construction firm was trusted enough by the Lagos State government under former Governor Babatunde Raji Fashola, SAN, for construction jobs. And not even the groundswell of complaints by members of the All Progressives Congress (APC), the People’s Democratic Party (PDP), civil servants, politicians and their cronies to mention a few swayed the governor.

 

In Fashola’s reckoning, if ‘Lafe’, as he is popularly called, could not do it, nobody else could. And if he could, nobody else, not even from Jupiter, would be dignified with a consideration. Throughout Fashola’s eight years therefore, Olowolafe effortlessly commandeered the juiciest construction contracts notably the Gbagada General Hospital among many others. His tentacles spread across other Nigerian states. But it was in Lagos he made the cleanest sweep.

 

In spite of his billions however, Olowolafe is a proud tenant in the same city he has made tons of billions!!! Despite having the wherewithal to buy the luxury serviced maisonette he lives in Probyn Street, Ikoyi, Lagos, he prefers to pay rent.

 

Sources close to the Spartan, self-effacing billionaire say, like his anonymous appearance, he doesn’t like to be noticed, a strategy that might have worked well for him over the years anyway. While not totally colourless, Olowolafe is just one wealthy dude who doesn’t give a damn about style or material acquisitions. Seeing him for the first time you will never believe he is the guy that had Lagos in his palms for so many years. Yet, he is reputed to be richer than his native Ekiti State!!!

 

 

The Capital

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Naomi’s sister provides update on arrest, cites health concerns

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3 hours ago

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December 26, 2024

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Simi Oluwaseyi, sister of Naomi, the estranged wife of the Ooni of Ife, has provided the latest update about her sister’s arrest, citing health concerns.

Society Reporters recalls that Naomi was arrested in connection with a tragic stampede in Ibadan that resulted in the loss of 35 lives.

In a series of Instagram posts, Similoluwa extended condolences to the parents of the deceased children, while also voicing concerns about her sister’s health.

She revealed that on the third day of her sister’s detention, her sister collapsed during interrogation by the Department of State Services (DSS) and was rushed to the hospital.

Furthermore, Similoluwa revealed that before Naomi was arraigned in court, a doctor confirmed that her blood pressure (BP) was too high, adding that she had no access to her phone or family.

Part of her post reads, “I deeply sympathize with the families of the children who lost their lives. My sister was arrested and detained for over six days, collapsing on the third day of interrogation by the DSS and being rushed to the hospital”.

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Funke Akindele’s ‘Everybody Loves Jenifa’ hit $100,000 in diaspora sales

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3 hours ago

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December 26, 2024

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Award-winning actress and filmmaker Funke Akindele has expressed her gratitude and excitement as her latest film achieves a groundbreaking feat.

The movie has become the first Nollywood film to reach $100,000 in diaspora sales, and the numbers are still counting.

Akindele thanked her talented cast, dedicated fans, colleagues, and the diasporan community for their unwavering support.

She acknowledged that their love and encouragement have been the driving force behind her success, and she couldn’t have achieved this milestone without them.

Funke wrote on Instagram: “We did it, guys. $100,000 in diaspora sales and counting, the first Nollywood film to hit this milestone.

“I’m beyond grateful to my incredible cast, the unstoppable Jenifans, my amazing colleagues, the diasporan community and everyone who’s been part of this journey, you’re the real MVPs.

“Your love and support have been the fuel behind this dream. I couldn’t have done this without you. THANK YOU from the bottom of my heart.”

 

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JUST IN: Fire guts FIIRO office in Lagos

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3 hours ago

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December 26, 2024

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The Federal Institute of Industrial Research (FIIRO), office in Oshodi, Lagos, near Cappa Bus Stop has been gutted by fire.

The Nation gathered that men of the Lagos State Fire and Rescue Service, in collaboration with the Lagos State Emergency Management Authority are currently on the ground to contain the incident.

Although no casualties have been reported so far, the fire has reportedly destroyed property worth millions of naira.

Efforts are underway to prevent the flames from spreading to adjoining offices and buildings.

The cause of the fire remains unknown at the time of filing this report.

More details soon…

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