Nigerian billionaire businessman Femi Otedola has reportedly acquired a luxury property in London worth £53 million, approximately $72 million, according to a UK property filing.
According to a Bloomberg report, the property is a 10-bedroom detached mansion in St John’s Wood, one of the city’s most exclusive residential neighborhoods.
The area is known for its luxury homes, privacy, and proximity to central London landmarks.
The report stated that the transaction was completed late last year, although Otedola has not publicly commented on the purchase.
The mansion is reportedly situated within walking distance of Regent’s Park and close to Lord’s Cricket Ground, a famous sporting venue in the United Kingdom.
St John’s Wood remains one of London’s most prestigious residential districts, attracting wealthy international buyers, celebrities, and business executives.
The property acquisition comes amid Otedola’s increased investment activity in Nigeria’s financial sector.
The businessman recently expanded his stake in First HoldCo Plc through major share purchases on the Nigerian Exchange.
Reports indicate he acquired over 549 million shares at an average price of ₦79 per share, increasing his ownership to approximately 19.4 percent of the company.
The purchases reportedly triggered significant trading activity around First HoldCo shares, with market volume rising sharply following the disclosures.
Nigeria’s banking sector is currently undergoing recapitalization efforts following new requirements introduced by the Central Bank of Nigeria.
Otedola remains one of Nigeria’s most prominent businessmen, with interests spanning banking, energy, finance, and investments.
