Access Bank CEO Roosevelt Ogbonna has acquired a £15 million luxury mansion on London’s prestigious Bishops Avenue, joining global celebrities on the famed ‘Billionaire’s Row’.
The chief executive of Nigeria’s largest bank, Access Bank, Roosevelt Ogbonna, has purchased a £15 million luxury mansion on The Bishops Avenue in Hampstead, one of London’s most exclusive and expensive neighbourhoods.
According to UK Land Registry documents, the transaction was completed in August. The purchase was partly financed through a mortgage issued by Access Bank’s UK subsidiary.
Ogbonna, who became CEO of Lagos-based Access Bank in May 2022, joins a string of global celebrities and business magnates who own homes on the street famously dubbed ‘Billionaire’s Row’. Notable residents have included pop stars Justin Bieber and Ariana Grande, Indian steel magnate Lakshmi Mittal, and the Sultan of Brunei.
The sprawling eight-bedroom mansion features nine bathrooms, a swimming pool, spa, cinema, lift access to all floors, and a landscaped garden. Property market listings show the home was originally priced at £17 million in 2022 but sold to Ogbonna at a discounted £15 million.
The deal was one of just two completed on the street this year amid a slowdown in London’s ultra-luxury property market. In June, another property on The Bishops Avenue sold for £8.8 million.
Access Bank, which Ogbonna has led since 2022, is Nigeria’s biggest lender by assets and Africa’s largest by customer base, serving more than 50 million clients. Ogbonna, described by the bank as “a thoroughbred and consummate professional” with a “rich professional cum academic background,” resigned last month as a non-executive director of Access Holdings, the bank’s parent company, but continues as Access Bank’s managing director and chief executive officer.
Also read: Access Holdings confirms Ogbonna’s resignation to meet CBN rules
The Bishops Avenue’s properties are collectively valued in the hundreds of millions of pounds, although many have fallen into disrepair after sitting vacant for decades.
Source: Read more at thecable.ng
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.
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