Meet Femi Osibona, The Owner of the 21 Storey Building That Collapsed In Ikoyi

Femi Osibona is a real estate developer, who began to make headlines after his 21 Storey building in Ikoyi collapsed which eventually resulted in his death.

Femi’s full name is Olufemi Adegoke Osibona but is popularly known as  Femi Fourscore, he is a native of Ikenne in Ogun State and was born in 1966.

He had his primary school education in Lagos before moving to Mayflower School in Ikenne. From Mayflower, he proceeded to Croydon University in the United Kingdom (UK), where he studied Business and Finance.

Prior to Femi Osibona becoming a real estate developer, he was selling shoes and suits in 1991, he however stopped the business after nurturing a property he purchased in the UK in 1997 into a profitable venture.

In  1998 Femi started his building construction business, The Ogun State-born businessman was quoted to have said: “I noticed that many Nigerians at that time were reluctant to go into construction, but I believed anything was possible with God.”

Osibona’s real estate development firm Fourscore Homes is a member of the National Home Builders Registration Council (NHBRC) in South Africa and Zurich Building Guarantee in Europe.

The company exhibited its expertise in property development in the UK, South Africa, the United States (U.S.), and Nigeria.

Osibona is said to be the first African developer to construct a seven-story building at the highbrow Albion Drive, London Fields in East London. After that, he moved to South Africa in 2009, where he built six luxury units of houses called Fourscore Mansions in Waterkloof, Pretoria.

In an interview, Osibona said:  “I was one of the people whose real estate developments led to the growth of East London. I bought a house on New Cross Road and renovated it. I also bought a piece of land behind it and built two flats there, and that is what I will call my first real estate project. That was how I started building houses for sale.”

The collapse of his building at IKoyi was not his first misfortune, in a chat with the Celestial Ovation Talk Show, Osibona narrated how four of his 24 flats in Atlanta, Georgia in the U.S. were razed.

He revealed that the U.S. inferno turned out to be a blessing for him because the money paid him by an insurance firm was more than what he expended on the purchase of the entire flats.