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Nine Lagos Obas Who Rule The Real Estate Sector

In Lagos today, there are many first-class Obas who have a strong-hold in their various locations. Some of the influential and popular Obas, inherited the land thereby making them popular, rich and powerful. In this article that originally appeared in City People Magazine, we highlight nine popular Obas who play big in real estate.

His Royal Majesty, Oba Idowu Abiodun Oniru is a first class monarch in Lagos. He is undoubtedly one of the most influential traditional rulers and one of the biggest land owners in Lagos. He was trained in the United Kingdom as an engineer before he became an Oba.

Oniru family used to have over 6,000 acres of land along the coast but had lost some acres from the colonial days. Presently, land at Oniru is one of the most expensive in Lagos. Currently, a plot of land goes as high as 150 million Naira.

One of the most beautiful layouts and buildings in Lagos are in Oniru housing estates, not just because the Oba was trained as an engineer but because they employed some of the best hands in the real estate sector to plan the estate very well.

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His Royal Majesty, the Ojomu of Ajiran land is a big player and his name is synonymous to land. Oba Adetunji is a non-executive director of Cityscape International Limited and a foremost traditional ruler in all of the Lekki Peninsula. Oba Adetunji is a graduate of the University of Ife. He is the chairman of Royal Realities Limited, a Cityscape subsidiary; a real estate development company currently involved in the development of 2 private residential estates along the highbrow Lekki corridor in Lagos, Nigeria.

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Talk of class, elegant and wealth, Oba Saheed Elegushi has them all. He is one of the most respected kings in Lagos with a large expanse of land. Elegushi is at Ikate in Eti-Osa local government area of Lagos state. It is a 135 square kilometres land mass. According to history, the root of Eti Osa people can be traced to Olofin, who migrated from Ile Ife and settled in Iddo. Furthermore, Ikate is situated to the west of Eti Osa, about three kilometres from Igbosere Creek, near Mobil oil company’s headquarters.

His Royal Majesty, the Onibeju of Ibejuland, Oba Olusegun Salami is one of the biggest monarchs/land owners in Lagos because of the new land acquisition going on in that area. Presently, a lot of real estate players have moved into the axis and over 100 hectares of land has been sold. Ibeju Lekki is a thriving community. It’s the new Lagos and gradually becoming the hub of Nigerian real estate activities. And that is why everybody is buying land there now because it’s one of the prime locations in Lagos.

His Royal Highness, the Onitedo of Itedo is one of the big monarchs in Ibeju Lekki area of Lagos, closely situated to Epe town. The custodian of land in this town is the Oba.The town is one of the few communities that shares borders with the  Free Trade Zone and that has been the destination of major real estate players.

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His Royal Highness, Oba Olumuyiwa, is one of the monarchs in Ibeju Lekki area, a community that serves as the economic hub of the country and indeed West Africa sub-region due to the presence of the Free Trade Zone. Lekki community is originally in Ibeju Lekki; it is a small but growing community. Lekki is under Eti Osa east local government area. This town has a lot of resources but land has now become a big asset for the town.

His Royal Highness, the Onise of Ise land in Eti Osa, Local Government Area. His community is enjoying the massive development going on in Ibeju Lekki, where the Free Trade Zone is situated. It is one of the communities benefitting from industrial growth under Oba Ganiu, who is in-charge of land in the Community. This king also has a lot of land at his disposal making him one of the biggest land owners in Lagos.


His Royal Majesty, Oba Bashiru of Oworonshoki town in Lagos, is a well-known Monarch but only a few people know he plays big in the real estate sector. Oworonshoki is a town before the 3rd Mainland bridge. Presently, over 160 hectares of land is under reclamation by Kabiyesi.
Three companies are working hand in hand to make sure the project is completed in time. Few months back, Kabiyesi. A plot of land in Oworonshoki, now sells as high as 30 to 40 million Naira.

His Royal Highness, Oba Hamzat Atiku, is one of the most powerful Paramount rulers in Eti Osa. Land has always been the source of income to his people because of the investment in that axis. Presently, more investors are moving there for investment.

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