Jim Ovia Goes All In on Real Estate as Luxury Lagos Towers Sell Out
Jim Ovia, founder of Zenith Bank, is shifting his focus fully to property. Through Quantum Luxury Properties, he is delivering two high-end residential towers on the Lagos lagoon. The 26-floor Metropolitan Towers offers units from $1.85 million, while the 44-unit Quantum Luxury Towers starts at $2.8 million. Both developments are nearly sold out, Ovia said after stepping down as Zenith’s chairman on May 5. Nigeria’s housing deficit of over 20 million units has driven strong demand for luxury properties in Lagos. Ovia’s successful exits—selling Visafone to MTN and early investing in fintech unicorn Moniepoint—underscore his knack for high-return opportunities.
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