Before Monday, November 1, 2021, not many Nigerians know the name Femi Osibona. But the sad tragedy of the collapse of a 21-storey building on Gerrard Road, in the Ikoyi area of Lagos State, has thrown his name into global news.
Since the ugly incident, different stories have emerged about the man, Femi Osibona. For those who knew him, his death may have robbed Nigeria of a young enterprising man, who having achieved successes in the real estate industry in the UK and South Africa, decided to come home to his native Nigeria to replicate the successes.
But that dream may have crashed along with with building, which sources say came crashing down at exactly 2pm on that sad Monday. Sadly, Femi, alongside his friend and scores of other victims were buried under the rubble of his prime project, which he had hoped would be a turning point in his career, a first of its kind in luxury apartment business in Nigeria.
One question that has reverberated across the globe is, who is Femi Osibona?
Born Olufemi Adegoke Osibona, better known as Femi Fourscore, is a native of Ikenne, Ogun state. He is the managing director of Fourscore Homes, a real estate development firm.
He attended Mayflower School in Ikenne before heading for Croydon University in the United Kingdom to study business and finance for his HND.
FROM A MODEST BEGINNING
In a 2019 interview with THISDAY, Femi Osibona said he sold shoes and suits as far back as 1991 before venturing into real estate development six years later.
“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,” Osibona said.
“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.”
Osibona said his company is a member of the NHBRC (National Home Builders Registration Council) in South Africa and Zurich Building Guarantee in Europe.
“We have exhibited our expertise in property development in the United Kingdom, South Africa, the United States of America and Nigeria. Fourscore Homes possesses uncommon capabilities in redefining property development in any market we choose to play in,” he said.
Femi Osibona in the eyes of Matthew Ashimolowo
Speaking at an event organised by the Commonwealth of Zion Assembly (COZA) on July 4, 2021, Matthew Ashimolowo, senior pastor of Kingsway International Christian Centre (KICC) in London, said Osibona came to him for divine consultation on where he should take his investments to.
Ashimolowo said he first met Osibona in 2001 when he came to preach at an event organised by the Redeemed Christian Church of God (RCCG).
According to him, the developer sought him after listening to his teachings on salvation and wealth creation.
“After listening to my tapes, he built 12 apartments in London, sold eight, kept four. Then he came to me again and said, ‘pastor Matthew, lay hands on me; where should I go again?’ After I’d laid hands the first time, he said ‘where should I go again? I want to go to South Africa; please pray for me.’ I prayed for him,” he said.
“Ladies and gentlemen, he went to South Africa and built 125 houses in the highbrow area of Centurion, next door to Johannesburg. He broke through exponentially.
“Then, he calls me and says: ‘where are you, sir? I want to come to you.’ I said ‘I’m in Ghana preaching’. He jumps on a plane and flies to Ghana from South Africa. He comes and says ‘where should I go again?’ I said, ‘look, I’m not your financial adviser. Go and meet your financial adviser.’ He said ‘you’re doing better than them.’ So, I laid hands on him, prayed for him and I said ‘go to Nigeria, your country’.
“They call him Femi Fourscore. Femi comes to Lagos, boom, he buys a land in Ikoyi and builds 40 apartments and sold each one for like a million dollars.
“As I am talking to you right now, in fact, this morning, Femi sent me a video. He’s building I think three towers together on Alexander. We know Ikoyi. One is 14 floors, one is 16 floors, one is 21 floors.
He sold shirts and ties in Abuja – Ashimolowo
“This guy used to sell shirts and ties in Abuja. I just told you he supplied me. He didn’t even have the shirt and tie; he went to others to get for me during that crisis journey. Now, he has three towers. I’m even wondering who should be laying hands on whom,” the pastor said.
THE BREAKTHROUGH
Osibona started his real estate business in London in 1997. He is said to be the first African developer to construct a seven-storey building, located at 113, Albion Drive, London Fields, E8, 4LZ, in East London. He then moved to South Africa in 2009 where he built six luxury units of houses called Fourscore Mansions in Waterkloof, Pretoria.
“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. Renowned Juju music maestro, Ebenezer Obey visited the property when he was in London,” he said.
Osibona said, 360 Degrees Towers, the ill-fated structure, was designed to be the first of its kind in Nigeria, and that the structure “will give peace of mind and comfort to the residents, because everything works”.
AN EVANGELIST AND PHILANTROPIST
Osibona is an evangelist and a philanthropist. He is a member of the Celestial Church of Christ (CCC) and a lover of the pulpit.
Speaking with CelestialOvation Talk Show in December 2018 on how he became a member of CCC, Osibona said he lost his job in 1987 and was invited to the church by a cousin.
“In 1987 I was sacked from where I was working in London and that was what made me to join the church. It was a cousin of mine in London, Ade Awosanya, that took me to the church. I went to him, I didn’t want to lose my job, believing something will happen. He took me to the church and by the grace of God, coming to the church, I met Jesus,” he said.
In another video posted by RCCG, he said anyone who wants to be rich should run after God and not just depend on pastors.
“I want you to understand the point that many people do not understand, I think 98 percent of Christians do not understand. Millionaire in dollars, the man said ‘I speak to God in the night and God speaks to me’. I held that point. Millionaire dey talk to God?
“If you want to be rich if you want to be great as a Christian I advise you run after God, decide to know God for yourself. All these prophets, all these pastors, if you don’t decide to know God for yourself, they will come to you and give you message. It is true they heard from God o, but they will manipulate you.”
The prayer on the lips of those truly knew him is, may he find peace in the bosom of the Lord he devoted his life serving.
