The Chief Executive Officer of Nigeria’s banking giant, Access Bank Plc., Mr. Roosevelt Ogbonna has reportedly acquired a £15 million mansion in one of London’s most prestigious postcodes.
Business Hilights learnt that the transaction for the property was completed in August according discoveries from the Land Registry documents.
Already, Access Bank’s UK arm has also issued a mortgage in connection with the site.
The move adds Ogbonna to a host of celebrities and business magnates who have moved to the street nicknamed ‘Billionaire’s Row’, including the likes of singers Justin Bieber and Ariana Grande, Indian industrialist Lakshmi Mittal and the Sultan of Brunei.
According to a property marketplace listing, the huge eight-bedroom home features a swimming pool, a spa, a cinema, nine bathrooms and a lift to all floors, along with a carefully landscaped garden.
he purchase is one of only two property deals completed on the glamorous street amid signs of a slowdown in the luxury market. The £15 million transaction was a discount from the original £17 million price tag when the house was listed for sale in 2022, while another home on the street sold for £8.8 million in June.
Access Bank is one the largest bank in Nigeria by assets, and the largest in Africa by number of customers with more than 50 million.
Ogbonna, who has worked at Access Bank since 2022, is described by the bank as “a thoroughbred and consummate professional” with “a very rich professional cum academic background.”
In August, Ogbonna resigned as a non-executive director of the bank’s parent company, Access Holdings, but remains managing director and chief financial officer of Access Bank.
The properties on The Bishops Avenue are together thought to be worth hundreds of millions of pounds, though several have become derelict and have remained unoccupied for decades, thus raising questions on the intelligence in buying it in the first instance.
Source: businesshighlights
