Whoa! Some Wealthy Nigerians Spend almost £4million on London property every WEEK


According to a report by UK newspaper The Daily Mail, Nigerians and African in general make up a wealthy few that spend almost 4 million pounds (over 1 billion naira) on London property every week.

The report lists names like Aliko Dangote, Folorunsho Alakidja, and DJ Xclusive who coincidentally is Mrs Alakidja’s nephew. According to the report

Nigerians are the biggest spenders, with wealthy nationals forking out £250million on London homes in the last three years.

The new wave of super-rich includes Aliko Dangote, a Nigerian business magnate who, with a £16billion fortune, is Africa’s wealthiest man.

Folorunsho Alakija, a billionaire oil tycoon, fashion designer and philanthropist from Lagos, is also a big investor in the London property market. She recently bought four apartments in One Hyde Park, the super-exclusive development in Knightsbridge.

Her British-born nephew Rotimi Alakija, who also goes by the stage name of DJ Xclusive, has also invested property in the capital.


Now talk about making some serious moves. We’re just here waiting for God to bless us with just one of these property.

On the other spectrum of things, the average Nigeria earns £850 pounds a year. Approximately 220,000 naira.