BREAKING: Developer Of Collapsed Ikoyi Building Femi Osibona Found Dead

Femi Osibona, developer of the 21-storey building that recently collapsed in the Ikoyi area of Lagos State, has been found dead.

Osibona’s remains were excavated from the wreckage of the collapsed building on Thursday evening – about three days after the unfortunate incident.

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The 53-year-old was the Managing Director of Fourscore Homes Limited and the developer of the collapsed building.

At least 33 people have been confirmed dead from the high-rise block of flats that collapsed on the afternoon of November 1, 2021.

Rescue efforts are still ongoing at the site of the collapsed building and the Lagos State government has promised to make public the outcome of investigations.

Osibona, a native of Ikenne, Ogun state, was said to be the first African developer to build a seven-storey building in the United Kingdom.

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In a 2019 interview with THISDAY, he recounted how he moved from selling shoes to becoming a real estate developer in the early 1990s.

“I started selling shoes in July, 1991 after I finished my HND in the UK, and later sold suits but I stopped in 1998 and I started real estate development and purchase of property in 1997. I also noticed that many Nigerians at that time were reluctant to go into construction but I believed anything was possible with God on my side.

“I built over 50 projects in London and Manchester and from there, went to South Africa where I built a number of estates.

“In all the projects abroad, we buy land and develop and I am the builder, I don’t engage any builder. I was in Atlanta for only four months before I decided to buy land. It is the same procedure in housing development and if you have done it in one country, then you can do it in another because it is the same principle,” he had said.

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