Access Bank CEO, Ogbonna, Buys £15m Mansion In London – Bloomberg

The main enforcement serviceman of Access Bank Plc, Roosevelt Ogbonna, has bought a mansion for £15 cardinal ($20 million) connected a thoroughfare successful London’s Hampstead neighbourhood nicknamed Billionaires’ Row, marking a uncommon transaction successful the city’s beleaguered luxury lodging market.

A study connected Wednesday by Bloomberg said Ogbonna, who has been the brag of Nigeria’s largest slope by assets for implicit 3 years, purchased the sprawling mansion successful August, according to a UK filing.

According to London’s City AM newspaper, the house, which has a spa and an amusement suite, was listed for £17 cardinal arsenic precocious arsenic 2021.

A typical for Ogbonna, 1 of Nigeria’s well-known bankers, didn’t respond to a petition for comment.

The deal, 1 of London’s astir costly this summer, is the latest illustration of high-end homes sold astatine steep discounts successful the UK superior this twelvemonth aft stamp work increases and the abolition of a preferential taxation presumption enjoyed by ultra-rich overseas residents hammered demand. Data from researcher Lonres shows that determination were 45 per cent much terms reductions connected £5 million-plus properties betwixt January and May than the aforesaid play past year.

Still, a fistful of mega-deals defied the slump this year, including respective transactions involving affluent foreigners. A subordinate of the multibillionaire household down Thomson Reuters Corp. agreed to bargain a high-end London flat for astir £25 cardinal earlier this year, portion Silicon Valley capitalist Matt Cohler bought a detached location successful Notting Hill for astir £22 cardinal astatine the extremity of April.

Ogbonna leads Access Bank, which is connected an ambitious five-year maturation program to treble its stock of assets extracurricular its location marketplace by 2027. It ranks among Africa’s 5 biggest banks. It has operations successful astir 24 countries, including the United Arab Emirates and the UK, servicing much than 63 cardinal customers successful 3 continents.

The banker resigned arsenic a non-executive manager of the lender’s genitor company, Access Holdings Plc, successful August, but remains CEO of the bank.