Femi Osinbona: Biography of the developer behind the Ikoyi high-rise collapse

On the first of November 2021, tragedy struck the Ikoyi area of Lagos state when a high-rise building in the area collapsed at about 2:45 pm.

The building was reported to be a 21-story building located at 44BCD Gerrard Road, situated in the Ikoyi neighbourhood of Lagos.

Details revealed the high-rise building was supposed to be filled with luxury apartments after the completion of the construction.

The aftermath of the sad incident revealed that four people had been confirmed dead while an unknown number of people are reportedly trapped.

Investigation has now revealed that the collapsed building named the 360 Degree Tower was commissioned by and being built for Fourscore Homes, a United Kingdom-based private development company owned by Nigerian developer Femi Osibona also known as Olufemi Adegoke Osibona.

According to the reports, Osibona is the first African developer to develop the seven-storey building in the United Kingdom. He revealed during an interview with This Day that his company specialises in the construction of choice properties in different parts of the world.

Osibona’s Fourscore Homes is a member of di NHBRC (National Home Builders Registration Council) in South Africa and Zurich Building Guarantee for Europe, proving the company’s presence outside Africa.

This article is focused on what is to be known about Osibona; continue reading to see more.

Profile Summary

Full name Olufemi Adegoke Osibona
Also known Femi Osibona
Gender Male
Nationality Nigerian
Education Mayflower Secondary School, Ikene, Ogun State, Croydon University in the UK
Occupation Real Estate realtor

Osibona’s Fourscore owns a Mansion located at 113 Albion Drive London Fields, E8, 4LZ, East London. He is the first black developer of African origin to build other projects in the UK.

The company began its journey in the real estate industry in the United Kingdom before they established a branch in South Africa and later Nigeria.

In 2009, during the term of Brig-General Buba Marwa (rtd) as the Nigerian High Commissioner for South Africa, Fourscore Homes built six luxury units named the Fourscore Mansions at Waterkloof.

Four score began its real estate business in Hackney, London in 1997.

Osibona, in an interview, revealed that before he ventured into the real estate business sold clothes and shoes for living in London between 1991 to 1998.

He left Nigeria as an HND holder and started real estate development and purchase of property in 1997.

Osibona has built over 50 projects in London and Manchester and owns buildings in South Africa. Also he is the brain behind 360 Towers in Ikoyi, three high-rise buildings of 15-Stories in Ikoyi, among other projects in Lagos state.

The estate developer is a graduate of Croydon University in the UK, where he studied business and Finance.