Roosevelt Ogbonna, chief executive officer of Access Bank Plc, bought a mansion for £15 million ($20 million) on a street in London’s Hampstead neighborhood nicknamed Billionaires’ Row, marking a rare transaction in the city’s beleaguered luxury housing market.
Ogbonna, who has been the boss of Nigeria’s largest bank by assets for over three years, purchased the sprawling mansion in August, according to a UK filing. The house, which has a spa and an entertainment suite, was listed for £17 million as recently as 2021.
A representative for Ogbonna, who’s one of Nigeria’s well-known bankers, didn’t respond to a request for comment.
The deal, one of London’s most expensive this summer, is the latest example of high-end homes being sold at steep discounts in the UK capital this year after stamp duty increases and the abolition of a preferential tax status enjoyed by ultra-rich foreign residents hammered demand.
There were 45%
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
