Tag: Banana Island

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Wema Bank defends Banana Island property sales as lawful debt recovery

Wema Bank has responded to recent allegations surrounding the sale of Banana Island properties linked to the defunct Gulf Bank, insisting that the transactions were lawful and part of efforts to recover outstanding debts owed to the bank. The bank issued the clarification in a statement issued on Saturday, signed by its Company Secretary/General Counsel, […]

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Court stops housing ministry from demolishing Banana Island clubhouse

A Federal High Court in Lagos has issued an interim injunction stopping the Federal Ministry of Housing and Urban Development from demolishing the Boat ClubHouse property located at OT QC, Banana Island, Ikoyi, Lagos. The ministry had planned the demolition to create access for a new estate project, Apple Island. The court’s order restrains the […]

Collapsed building in Banana Island, Lagos State
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Engineers demand forensic investigation of collapsed Lagos building

The Nigerian Institution of Structural Engineers has suggested carrying out a forensic investigation into the building collapse that took place at Close 102, 1st Avenue, Banana Island in Lagos. This was revealed in a  report titled “Preliminary Report of the Building Collapse at Close 102, 1st Avenue, Banana Island, Lagos”, accessed by The Punch. According […]