PROFILE: The man Femi Osibona Olufemi Adegoke Osibona, otherwise called Femi Fourscore
He attended primary school in Lagos before transferring to Mayflower School in Ikenne. He went on to Croydon University in the United Kingdom (UK) to study Business and Finance after Mayflower.
In 1991, he started a business selling shoes and suits.
In 1991, Osibona launched a business selling shoes and clothes before moving into real estate development in 1997.
After turning a house he bought in the United Kingdom in 1997 into a profitable venture, he ended the clothes and shoe business in 1998.
How he got his start in construction
As a result, Osibona began working in the construction industry.
The Ogun State-born businessman was quoted to have said: “I noticed that many Nigerians at that time were reluctant to go into construction, but I believed anything was possible with God.”
Fourscore Homes, Osibona’s real estate development company, is a member of South Africa’s National Home Builders Registration Council (NHBRC) and Europe’s Zurich Building Guarantee.
In the UK, South Africa, the United States (US), and Nigeria, the corporation demonstrated its property development skills.
Osibona is credited with being the first African developer to build a seven-story skyscraper on London Fields’ upmarket Albion Drive. In 2009, he relocated to Waterkloof, Pretoria, where he constructed six luxury housing units known as Fourscore Mansions.
In an interview, Osibona said: “I was one of the people whose real estate developments led to the growth of East London. I bought a house on New Cross Road and renovated it. I also bought a piece of land behind it and built two flats there, and that is what I will call my first real estate project. That was how I started building houses for sale.”
He had before last Monday explained that the ill-fated building, known as 360 Degrees Towers, was designed to be the first of its kind in Nigeria.
Osibona, a member of the Celestial Church of Christ (CCC), also told a television station that in all Fourscore projects abroad, they bought “land and developed.”
He had said: “I am the builder, I don’t engage any builder. I was in Atlanta for only four months before I decided to buy land. It is the same procedure in housing development and if you have done it in one country, then you can do it in another because it is the same principle.”
How four of his 24 flats collapsed in Atlanta
The Ikoyi building’s collapse was not the first time his structures had been damaged.
Osibona described how four of his 24 flats in Atlanta, Georgia, were destroyed in an interview with Celestial Ovation Talk Show.
He revealed that the U.S. conflagration was a blessing in disguise for him because the money given to him by an insurance company was greater than the amount he spent on the entire flat purchase.
Osibona’s interaction with Ashimolowo
Matthew Ashimolowo of the Kingsway International Christian Centre (KICC) detailed his experience with Osibona in a viral video taken on July 4, 2021.
Ashimolowo said: “After listening to my tapes, he built 12 apartments in London, sold eight, kept four. Then he came to me again and said, ‘pastor Matthew, lay hands on me; where should I go again?’
“After I had laid hands on him the first time, he said, ‘where should I go again? I want to go to South Africa; please pray for me.’ I prayed for him.
“He went to South Africa and built 125 houses in the highbrow area of Centurion, next door to Johannesburg. He broke through exponentially.”
The cleric added that when he was ministering in Ghana, Osibona flew in to meet him again for guidance.
Ashimolowo said: “He (Osibona) comes and says ‘where should I go again?’ I said, ‘look, I’m not your financial adviser. Go and meet your financial adviser. He said ‘you’re doing better than them.’ So, I laid hands on him, prayed for him and I said ‘go to Nigeria, your country’.
“They call him Femi Fourscore. Femi comes to Lagos, boom, he buys land in Ikoyi and builds 40 apartments and sold each one for like a million dollars.
“As I am talking to you right now, in fact, this morning, Femi sent me a video. He’s building I think three towers together. We know Ikoyi. One is 14 floors, one is 16 floors, and one is 21 floors.
“This guy used to sell shirts and ties in Abuja. He didn’t even have the shirt and tie I wanted from him so he went to others to get them for me during that crisis journey. Now, he has three towers.”