The chief executive officer of Access Bank PLC, Mr Roosevelt Ogbonna, has allegedly bought a mansion for N29, 994,015,000.00 (£15 million) on a street in London’s Hampstead neighbourhood nicknamed Billionaires’ Row.
Bloomberg, which disclosed this in its report, stated that Ogbonna purchased the sprawling mansion in August, according to UK filing.
The report further said the house, which has a spa and an entertainment suite, was listed for £17 million as recently as 2021.
According to the report, the deal, one of London’s most expensive this summer, is the latest example of high-end homes being sold at steep discounts in the UK capital this year after stamp duty increases and the abolition of a preferential tax status enjoyed by ultra-rich foreign residents hammered demand.
Ogbonna leads Access Bank, which is on an ambitious five-year growth plan that seeks to double the share of assets outside its home market by 2027.
It ranks among Africa’s five biggest banks, with operations in about 24 countries, including the United Arab Emirates and the UK, servicing more than 63 million customers in three continents.
Ogbonna resigned as a non-executive director of the bank’s parent company, Access Holdings Plc in August, but remains the chief executive officer of the financial institution.
