Home GOVERNANCE STATE HOUSE Osinbajo Denies Ownership, Link To Collapsed 21-Storey Ikoyi Building – Threatens Legal...

Osinbajo Denies Ownership, Link To Collapsed 21-Storey Ikoyi Building – Threatens Legal Action


Vice President Yemi Osinbajo has denied ownership or any link to the 21-storey Ikoyi building which collapsed on Monday.

The property, a luxury apartment upon completion, was being developed by Femi Osibona who died in the building when the tragedy occured. His remains were recovered on Thursday by rescue officials on site.

Since the incident, a report by Sahara Reporters had linked the VP to the property. The online medium alleged that the chairman of Toyota Nigeria Ltd Michael Ade-Ojo sold the land to Osinbajo. Ade-Ojo has denied ownership or selling the land to Osinbajo.

The VP has now accused Sahara Reporters of having been rewarded for their “criminal and inhumane conduct” of linking him to the property. He also said the matter has been referred to his lawyers for action.

In a statement on Friday, the VP while commiserating with victims of the tragedy, rejected any link to the property in it’s entirety.

A statement signed by his spokesperson, Laolu Akande, said the VP “is saddened by the events that occurred in Lagos on Monday, 1st of November 2021, where a high-rise building under construction on Gerrard Road, Ikoyi, collapsed. He condoles with the families and relatives of all those who have died, were injured or affected in the collapse. Prof. Osinbajo considers this painful loss of lives a horrible tragedy.”

The statement continued: “Also, the attention of the Vice President has been drawn to an obviously sponsored falsehood regarding the recently collapsed building published by Sahara Reporters on November 4th, 2021, to the effect that:

  • The VP owns the land upon which the collapsed building in Ikoyi stood.
  • That the said land was sold to him by Chief Michael Ade. Ojo, Chairman of Elizade Motors; and
  • That the Vice President, at some point, intervened with the regulatory authorities in Lagos State to unseal the said property.

“Let it be made absolutely clear that Prof Yemi Osinbajo does not own and has never owned the said land.

“He has also never been involved, in any shape or form, in the development of this or any other land since he became Vice President.

“At no time whatsoever did the VP buy this or any other piece of land from Chief Michael Ade. Ojo, or entered into any transaction for the sale of that land or any other piece of land from Chief Ade. Ojo or anyone for that matter.

“All property and assets owned by the Vice President have been publicly declared.

“Also, the Vice President has never spoken to the Governor of Lagos State or any other official of the State Government regarding the unsealing of the said building on Gerrard Road, Ikoyi, which subsequently collapsed. He has, indeed, never acted to influence any other regulatory action on the collapsed building, or any other building for that matter, in Lagos State.

“The Vice President restates categorically that he has no interest whatsoever, and has never had any interest, either legally or beneficially, in the land, the building or development.

“The wickedness and viciousness of a lie that seeks to utilise a tragedy where so many people have lost their lives, even as rescue efforts are ongoing, and in wanton disregard to the feelings and untold grief of their loved ones for political gain, reveals a dangerous desperation, as well as the heartlessness of the perpetrators of such despicable lies.

“Sahara Reporters were undoubtedly well rewarded for their criminal and inhumane conduct. Typical of a hatchet job and deliberately irresponsible journalism, the publication was not signed by anyone.

“The Vice President has referred this disgraceful publication to his lawyers for prompt legal action.”


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