- Femi Otedola has spent over N98 billion on a 10-bedroom mansion in St John’s Wood, London
- The purchase comes months after DJ Cuppy, Florence Otedola, once told her father she wanted a London mansion
- The deal adds to Otedola’s luxury property portfolio, which includes investments in Dubai
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigerian billionaire Businessman Femi Otedola has added a N98billion (£53 million) mansion to his portfolio of international real estate holdings.
According to records from UK property filings, Otedola is the new owner of a lavish property located in London’s St John’s Wood district.
Photo: Femi Otedola
Source: Facebook
Bloomberg reports that the 10-bedroom house located a short distance from Regent’s Park was bought in late 2025, and it is in one of London’s most elite residential addresses.
The location of the new apartment is home to some of the world’s ultra-wealthy.
A spokesman for Otedola did not respond to questions asked about the acquisition.
DJ Cuppy’s birthday wish
The latest acquisition has also come to light months after Florence Ifeoluwa Otedola, popularly known as DJ Cuppy requested from her father a London mansion.
Vanguard reports that Cuppy, on her 33rd birthday on 11th November 2025, told her father she would like the St John’s Wood property as a birthday present.
Her message to her father reads:
“Daddy, I would like the St. John’s Wood house. I’ll only turn 33 once.”
Chairman of Geregu Power Plc, one of Nigeria’s richest men and a prominent investor, Otedola has been steadily expanding his wealth base across a range of industries, including energy, finance, and luxury real estate markets in the Middle East and Europe in the past few years.
Otedola also owns several properties in Lagos, Dubai, and Monaco. He recently purchased two houses in Dubai for his daughter, Temi Otedola, as wedding gifts.
Temi, who is a fashion personality and actress, is married to Nigerian musician Mr Eazi.
Photo: irina88w
Source: Getty Images
Otedola wealth
Otedola is Nigeria’s 4th richest man with a net worth of $1.4 billion. He is also ranked the 2858th richest man in the world.
According to Forbes, Otedola wo is currently the chairman of First HoldCo Plc made his first fortune in commodities before selling his shares in Forte Oil to invest in the energy business(Geregu Power).
Femi Otedola boosts First HoldCo Plc stake with massive n43bn
Legit.ng earlier reported that Chairman of First HoldCo Plc, Femi Otedola, has strengthened his position in the company after acquiring 549.5 million additional shares valued at about N43.41 billion.
The transaction was revealed in an insider dealing notice filed with the Nigerian Exchange (NGX) on Wednesday, May 13, 2026.
According to the disclosure, the shares were bought on May 13, 2026, at N79 per share. The filing showed that a total of 549,535,653 ordinary shares were involved in the deal.
Source: Legit.ng