There are 551 land for sale and rent in Ikoyi. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Ref: IK - nse - 7 Description: 1,000 SQM Land (Residential) Title: Federal C of O Location: Banana Island Ikoyi Purpose: Residential Use Price: 4m Per SQM Brokerage: 5% For More Information, Kindly Call/WhatsApp: Phone: 08180295362, 08035703715
Banana Island, Ikoyi, Lagos
998 sqm
No SQM Escapes
Premium
₦4,200,000per sq.m
Residential land for sale
2, 025 SQM Corner-Piece Land
Ref: IK - nse - 6 Description: 2025 SQM - Corner Piece Land Title: Federal C of O Location: Banana Island Ikoyi Purpose: Residential Use Price: 4.2m Per SQM Brokerage: 5% For More Information, Kindly Call/WhatsApp: Phone: 08180295362, 08035703715
Banana Island, Ikoyi, Lagos
2025 sqm
No SQM Escapes
Premium
₦2,700,000per sq.m
Residential land for sale
Partitioned Land
partitioned land for sale - osborne phase 1, ikoyi - plot a: 775. 495 m² - plot b: 860. 339 m² - plot c: 900. 001 m² - plot d: 1020. 913 m² Title: fed. C of o Price: ₦2. 7m per m² Wis1@_e&com@321
Osborne Phase 1, Osborne, Ikoyi, Lagos
Dynasty Premium Realty
Premium
1
₦4,300,000,000
Residential land for sale
Exclusive 1, 000SQM Residential Plot for Luxury Home Development
Exclusive 1,000SQM Residential Plot for luxury Home Development Ideal for a luxury mansion, smart home development, or high-value investment in one of Lagos' most exclusive neighborhoods. - Prime Residential Zone - Secure & Serene Environment - Excellent Investment Value Title: Federal Certificate of Occupancy Price: ₦4.3 Billion (Slightly Negotiable) Location: Banana Island, Ikoyi, Lagos #BananaIsland #IkoyiRealEstate #LuxuryProperty #PrimeLand #LagosRealEstate #LandForSale #BananaIslandLagos #LuxuryLiving #InvestmentProperty #Ikoyi #RealEstateNigeria #PremiumProperty #FederalCOFO #LuxuryHomes #PropertyInvestment
Banana Island, Ikoyi, Lagos
Jonela Concept
Premium
₦7,000,000,000per sq.m
Residential land for sale
1, 200 SQM Prime Waterfront Land Title: Governor's Consent
Just in --- waterfront land, Shoreline Estate Ikoyi 1,200 SQM prime waterfront land Title: Governor's Consent Price: ₦4.6M per sqm (Non-negotiable) Serious buyers only Fil
Shoreline Estate, Ikoyi, Lagos
Charis Top Luxury Properties
Premium
Video
₦4,488,704,000
Residential land for sale
2805.44 SQMTRS of Waterfront Residential Land
Hot and juicy 2805.44 SQMTRS of waterfront land for sale at osborne phase 2, ikoyi 2805.44 sqmtrs of waterfront land directly on Acacia drive, Osborne Foreshore Estate Phase 2, Ikoyi Title: Federal C of O & Lagos State Regularization Title Price: ₦1.6million per sqmtr (₦4,488,704,000) Agency fee: 5%
Ref: IK - nse - 4 Description: 2700 Sqm of Land Title: Federal C of O Location: Ikoyi, Directly on Lugard Road Purpose: Residential Use Price: 3.5m Per SQM Brokerage: 5% For More Information, Kindly Call/WhatsApp: Phone: 08180295362, 08035703715
Lugard Road, Ikoyi, Lagos
2700 sqm
No SQM Escapes
Premium
2
₦4,000,000,000
Residential land for sale
Premium Waterfront Land
4,000 sqm Waterfront Land in Osborne Phase 2, Ikoyi Location: Osborne Phase 2, Ikoyi, Lagos Land Size: 4,000 sqm Price: ₦1,000,000 per sqm (Total: ₦4,000,000,000) - Best Price Title: Certificate of Occupancy
Osborne, Ikoyi, Lagos
4000 sqm
Nest Greeks Investment Limited
Premium
2
₦5,000,000per sq.m
Residential land for sale
Waterfront Plot with State Title
Prime location for luxury residential development 2 units 1250 sqm waterfront Queens drive/ oyinkan abayomi drive Title cfo Apri others
Land Measuring 4, 300 SQM in a Very Strategic Location
Land for sale old ikoyi lagos: Land measuring 4300 sqm with CofO in a very strategic location @ N4.500m per sqm
Old Ikoyi, Ikoyi, Lagos
4300 sqm
Ire-Loni International Limited
Premium
1
₦4,500,000per sq.m
Residential land for sale
Plots E, D and C at 1, 699SQM and 2, 053SQM
There Are Streets in Ikoyi That Lagos Has Never Repriced Downward. Kingsway Road Is One of Them. Three Plots. Federal Title. One Seller. One Window. The problem Most serious capital in Lagos is looking for the same thing. An address that holds. A title that closes clean. A parcel large enough to build what the address deserves. A seller who is actually ready. In Ikoyi, finding all four of those conditions aligned simultaneously is not a quarterly event. It is not an annual event. It is the kind of convergence that the professionals who have built real wealth in Lagos real estate have learned to recognise --- and act on --- the moment it presents itself. Because the moment passes. It always passes. And the person who analysed it into paralysis watches the same address trade at a materially higher per-sqm figure twelve months later, wondering what they were waiting for. The agitation Here is the uncomfortable geography of Ikoyi land. Kingsway Road is not an emerging corridor. It is not a bet on future development. It is one of the most established, tree-lined, historically significant residential roads in Lagos --- running through the heart of Old Ikoyi, flanked by the properties of the people who have sat at the top of Nigerian corporate, governmental, and diplomatic life for the last half-century. The land on Kingsway Road does not come to market because owners need to sell. It comes to market when a specific set of circumstances creates a motivated vendor --- an estate settlement, a portfolio restructuring, a relocation, a strategic exit. When it does appear, the parcels are absorbed quickly, by buyers who already know the address and have capital deployed or ready. The listing does not sit. Every month of delay on Ikoyi land at a confirmed price per sqm is a month of optionality that expires. The per-sqm figure in Lagos real estate is a one-way ratchet. It has not historically moved in one direction for long before tightening. The professional who pays ₦4.5M/sqm on Kingsway Road in 2026 will not describe that as expensive in 2029. The professional who waited will describe it as the decision they did not make when they had the chance. The solution Three contiguous plots off Kingsway Road, Ikoyi. Federal Certificate of Occupancy. Seller is ready. Offers are open. This is not a speculative position. This is a concrete acquisition opportunity on one of the most consistently valued residential roads in Nigeria, with the strongest possible title documentation, and a seller who has stated clearly that they are ready to transact with investors and prepared buyers. Here is the full picture: Plot E --- 1,699.666 sqm at ₦4.5M/sqm = ₦7,648,497,000 Plot D --- 1,696.666 sqm at ₦4.5M/sqm = ₦7,634,997,000 Plot C --- 2,053.406 sqm at ₦4.5M/sqm = ₦9,240,327,000 The seller's stated preference is to sell all three --- E, D, and C --- to a single buyer. The combined footprint of E + D + C is approximately 5,450sqm of contiguous land off Kingsway Road, Ikoyi, at a blended cost in the region of ₦24.5 billion. For a developer with the vision and capital to build on that combined footprint, the exit arithmetic on premium multi-unit residential development in this corridor --- at current and projected Ikoyi sale prices --- makes the acquisition thesis self-evident. Individual plot offers will also be considered. The listing explicitly invites individual E, D, C offers --- but notes the preference for a combined buyer. If you are acquiring a single plot for a specific development programme or a private residence, that conversation is open. The constraint is a maximum of 5,500sqm to any single buyer, which is already satisfied by the three-plot combined total. Federal Certificate of Occupancy. Not Governor's Consent. Federal CofO --- the highest-tier title instrument in Nigerian land law. Issued directly by the Federal Government. No Lagos State approval chain. No community or Oba consent requirement embedded in the history. No conversion ambiguity. For any buyer doing title due diligence on a transaction at this scale, Federal CofO on Ikoyi land is the documentation that ends the title conversation immediately. The address: off Kingsway Road, Ikoyi. Kingsway Road runs through the centre of Old Ikoyi --- past the Ikoyi Club, through the mature residential corridor that separates Ikoyi's commercial face from its residential interior. Off Kingsway means you are in that interior. Quiet. Established. Not a main road plot subject to commercial adjacency. A residential position in the heart of the most consistently prestigious neighbourhood in Lagos. The portfolio context --- additional ikoyi land available The same seller has a broader Ikoyi land portfolio. Qualified buyers seeking alternative Ikoyi positions --- at different sizes, price points, and address profiles --- should note the following additional parcels are available through Smilebay Realties: Rumens Road, Ikoyi --- 2,419sqm at ₦4.2M/sqm. Federal CofO. Lugard Avenue, Old Ikoyi --- 2,700sqm at ₦3.5M/sqm net. Federal CofO. Seller will sell a minimum 2,000sqm parcel from the larger holding. Lugard Avenue is one of the most sought-after residential streets in Old Ikoyi --- quiet, secure, established. Queens Drive, Ikoyi --- Two plots available to one or two buyers: 3,753sqm at ₦6M/sqm (non-waterfront, directly across from the waterfront plot). Governor's Consent title. 1,515sqm at ₦6M/sqm --- waterfront plot on Queens Drive. Governor's Consent title. Queens Drive waterfront land in Ikoyi is among the most premium land positions in Nigeria. The waterfront premium is priced into the ₦6M/sqm ask. This is not a footnote in a combined listing. It deserves its own dedicated marketing --- and should be treated as the flagship offer in the portfolio. Osborne Road by Kingsway, Ikoyi --- 7,700sqm at ₦4M/sqm. Federal CofO. A large-format parcel for a developer building at scale on one of Ikoyi's major arterial roads. Bourdillon Road, Ikoyi --- Two separate parcels: 2,281sqm at ₦4M/sqm. Federal CofO. Demolishable structure on site. 4,417sqm at ₦4M/sqm. Federal CofO. Demolishable structure on site. Surveys available on inspection. Bourdillon Road is Ikoyi's most recognisable residential address --- home to Nigeria's most prominent private residences. Land here transacts infrequently and at strong values. These two parcels together represent over 6,700sqm of Federal CofO titled land on Bourdillon Road at ₦4M/sqm --- a figure that any developer or high-net-worth buyer active in the Ikoyi market will recognise as a serious conversation to have. The call to action The seller has stated the terms clearly: investors and ready buyers only. This is not a listing for market observers. It is not for buyers who need six months to form a view on whether Kingsway Road, Lugard Avenue, Queens Drive waterfront, or Bourdillon Road represent value. The buyers who will transact on these parcels already know the answer to that question. If your capital is structured --- whether for a single plot, a combined three-plot acquisition, or a position elsewhere in this Ikoyi portfolio --- this is a direct conversation. All Federal CofO and Governor's Consent documentation is available for solicitor review before any offer is formalised. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Ikoyi land with Federal title, on these roads, at these sizes, presented by a seller who is ready --- does not wait for anyone to finish thinking about it. Kingsway road cluster --- primary listing Plot E: 1,699.666sqm Plot D: 1,696.666sqm Plot C: 2,053.406sqm Price: ₦4,500,000/sqm Title: Federal Certificate of Occupancy Seller Preference: All three plots (E+D+C) to one buyer Individual offers also accepted Maximum sale: 5,500sqm to any single buyer additional ikoyi portfolio (same seller, same agent): Rumens Road: 2,419sqm @ ₦4.2M/sqm Fed CofO Lugard Avenue: 2,700sqm @ ₦3.5M/sqm net Fed CofO Min 2,000sqm Queens Drive Waterfront: 1,515sqm @ ₦6M/sqm Gov't Consent Queens Drive Non-Waterfront: 3,753sqm @ ₦6M/sqm Gov't Consent Osborne Rd by Kingsway: 7,700sqm @ ₦4M/sqm Fed CofO Bourdillon Road: 2,281sqm @ ₦4M/sqm Fed CofO Demolishable structure Bourdillon Road: 4,417sqm @ ₦4M/sqm Fed CofO Demolishable structure Listed by Smilebay Realties Limited Ref: 3441046
Kingsway Road, Ikoyi, Lagos
1699 sqm
Smilebay Realties Limited
Premium
₦5,000,000,000
Residential land for sale
1, 998 SQM of Land (Bareland)
Land for sale 1,998 SQM of Land (BareLand) - Inside a Gated Estate. Title: C of O Location: Old Ikoyi. Price: 5B residential use (Suitable for high rise)
Ikoyi, Lagos
Heavensent Properties
Premium
1
₦4,500,000per sq.m
Residential land for sale
500SQM Original Land Mixed-Use Zone Banana Island, Ikoyi
Banana Island Has Two Categories of Land. Original. And Everything Else. This Is Original. With Federal Title. And Mixed-Use Zoning. It Will Not Come Back at This Price. The problem There is a category of Lagos real estate conversation that happens only at a certain altitude. Not at the level of comparing Lekki Phase 1 apartments. Not at the level of evaluating Victory Park Estate or Cowrie Creek. Not even at the level of Bourdillon Road or Kingsway Ikoyi. At the level where the only remaining question is: which plot on Banana Island? The professionals and investors who operate at this altitude already know what Banana Island represents in the West African wealth landscape. They know the controlled access. The managed island environment. The resident profile --- diplomats, central bank governors, group managing directors, the top tier of Nigerian and international corporate and family wealth. They know the price trajectory. They have watched it. And they have been watching this specific asset class --- original Banana Island land with Federal title in a mixed-use zone --- for long enough to understand that it does not wait for anyone who is still deciding. The question at this altitude is not whether Banana Island land is worth acquiring. The question is whether you are the person who moves when the position is available. The agitation Here is the specific cost of the Banana Island land deliberation cycle --- the one that has kept serious capital on the sideline while the supply has contracted. Banana Island is a fixed landmass. It was planned and developed. The original plots were allocated. The reclamation activity in adjacent areas has added new land --- but it has not added original Banana Island land. What existed originally is what exists today. As families consolidate holdings, as developers acquire and build, as time passes and fewer original plots remain in circulation, the supply available for acquisition on the open market decreases. It does not recover. A plot of original Banana Island land that leaves the market does not typically return. The person who buys it builds on it, holds it, or passes it down. The scarcity that drives the per-sqm pricing on this island is not artificial. It is mathematical. Finite land. Expanding demand from a growing pool of African HNW individuals for whom this address is the legitimate target. Every year a qualified buyer watches this market without acting is a year the available original plots become fewer and the entry price becomes higher. The investor who acquired original Banana Island land five years ago is not selling at ₦4.5M/sqm. The developer who acquired ten years ago has already built, sold, and recognised a return that justifies the land cost many times over. The person reading this listing is looking at the same asset class --- original land, Federal title, mixed-use zoning --- at today's price. The question is only whether they will be in the group that acted or the group that watched. The solution 500 square metres of original Banana Island land. Mixed-use zoning. Federal Certificate of Occupancy. ₦4,500,000 per square metre. Total: ₦2,250,000,000. This is the most precisely qualified residential land position in the Smilebay Realties portfolio --- and it carries three specific advantages that every serious buyer must understand before evaluating the price. "Original Banana Island land" is not a marketing phrase. It is a geological, legal, and structural distinction. Banana Island's reclamation activity has produced new land parcels over the years. New reclamation carries different characteristics from original island land: settlement periods, different drainage behaviour, different infrastructure age, different title histories, and in some cases different regulatory treatment. Original Banana Island land --- the plots that were allocated as part of the island's initial planned development --- has none of these risks. The soil is settled. The infrastructure was built for original parcels. The title history is clean and deep. The distinction matters for every calculation the developer or buyer makes: structural engineering assumptions, construction timeline, regulatory process, and resale positioning. Buyers who know Banana Island know to ask "original or reclaimed?" This plot is original. That question is already answered. Mixed-use zoning on 500sqm of Banana Island land is a development multiplier. A purely residential plot on Banana Island supports a single-family detached house or, at most, a private residential development for one household. Mixed-use zoning changes the development calculus entirely. On this 500sqm plot, the approved development types include a block of serviced apartments --- each of which, on Banana Island, commands rental and sale values that the per-sqm acquisition cost of this land looks very different against. The mixed-use designation does not obligate a developer to build commercial --- it gives them the optionality to build either a premium private residence or a multi-unit income-generating development on the same land. At ₦2.25B acquisition, the developer who builds a boutique premium apartment block on Banana Island --- fully serviced, Federal title, original island address --- is not speculating on an exit. They are filling demonstrated, persistent demand with a product whose supply has been structurally constrained for decades. Federal Certificate of Occupancy --- the title that ends the conversation. In Nigerian land law, no title instrument outranks a Federal CofO. It is issued directly by the Federal Government. No Lagos State consent chain is embedded in it. No community or traditional ruler approval sits in its history. No conversion process is required. Your solicitor's due diligence on a Federal CofO on Banana Island is the cleanest, shortest title verification exercise available in Lagos premium land. It ends at the Federal Government. That is where it should end --- and that is where this one ends. 500sqm in a mixed-use zone is the development footprint for multiple configurations. For the private residence buyer, 500sqm on Banana Island is a full, uncompromised compound --- room for the house, the pool, the outdoor living space, the parking, and the setbacks required by the island's building standards. For the developer building a boutique apartment block, 500sqm of ground floor plate in a mixed-use zone on Banana Island, built to the island's premium standard, produces a project whose units are pre-sold before construction is complete. Both configurations are permitted. Both represent a legitimate development thesis at this address. Banana Island's controlled access is the environmental protection on the value of this land. The island has one entry point for vehicles. It is managed. The resident profile is self-selecting at the top of the Lagos and continental income distribution. The security is perimeter-level --- the entire island is the controlled zone --- not just a gated compound within a public road network. The environment this produces is the reason the per-sqm pricing has moved in one direction for twenty years. That pricing is the direct output of the controlled, managed, scarce residential environment. Buying land here is buying into the mechanism that protects its value --- not just the plot itself. Banana Island sits above sea level and its drainage infrastructure was designed from the island's original planning. The island's road and drainage systems were built as part of a planned development rather than retrofitted onto existing terrain. Banana Island does not flood in the way that unplanned or poorly drained Lagos neighbourhoods do. The infrastructure was designed first. Everything else was built inside it. Smilebay Realties does not list properties in flood-prone areas. This plot --- on a planned, managed island with original drainage infrastructure --- was assessed against that standard before listing. It passed. You are not acquiring land whose value will be tested every rainy season. You are acquiring land on an island whose physical design resolved that question before the first building was built. Price: ₦4,500,000/sqm. Total for 500sqm: ₦2,250,000,000. Federal CofO. Original Banana Island land. Mixed-use zone. Ready for solicitor review and site inspection today. The call to action Banana Island original land with Federal CofO in a mixed-use zone does not describe a common listing. It describes a rare one. The buyer for this plot has capital structured at the ₦2.25B level --- whether for development, for private residence, or for portfolio acquisition. They understand what Federal CofO means for their due diligence timeline. They know the distinction between original and reclaimed Banana Island land. They are not evaluating this for the first time --- they have been watching this address long enough to recognise the significance of this position when it becomes available. Federal CofO available for immediate solicitor review. Site visit arranged at your schedule. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Original Banana Island land does not return to the market after it leaves. This is the moment it is available. 500sqm Original Banana Island Land Mixed-Use Zone (Block of Flats or Detached House) Title: Federal Certificate of Occupancy Ready for Due Diligence Price: ₦4,500,000/sqm Total: ₦2,250,000,000 Banana Island, Ikoyi, Lagos Listed by Smilebay Realties Limited Ref: 3418370
Banana Island, Ikoyi, Lagos
500 sqm
Smilebay Realties Limited
Premium
₦12,000,000,000
Residential land for sale
4, 231SQM Land with Structures (Re-Development)
Hot deal @ okotie eboh, south west ikoyi 4,231sqm land with structures (re-development) at Okotie eboh, South West ikoyi Title: Land Certificate (33 years left) Price: N12billion
Okotie Eboh, South West, Ikoyi, Lagos
Keland & Associates
Premium
1Video
₦2,500,000per sq.m
Residential land for sale
Land Measuring 2000SQM
2000 sqm land available for sale in 2nd Avenue Estate, Ikoyi, Lagos. Title: Lagos State C of O Price: 2.5m per sqm (asking) Leka/W
2nd Avenue Estate, Ikoyi, Lagos
2000 sqm
Oip Properties
Premium
17
₦28,000,000,000
Residential land for sale
Prime Residential Land with Existing Structure
This is a rare opportunity to acquire a large 6,170sqm parcel of prime residential land located within the original layout of Banana Island, one of Lagos' most prestigious and exclusive neighborhoods. The property is ideal for high-value redevelopment and offers strong long-term investment potential in a location where available land is extremely limited. The property includes an existing structure that can either be retained and remodeled or cleared for a complete redevelopment, depending on the buyer's vision. It also comes with a secure and bankable Certificate of Occupancy title. Its scale and positioning make it particularly attractive, as plots of this size are rarely available in Banana Island. With the area nearing full development, this presents a unique opportunity to develop a luxury estate or multiple high-end residences in a tightly held, high-value location. Title: Certificate of Occupancy Kindly call for more information and to schedule for inspection.
Banana Island, Ikoyi, Lagos
6170 sqm
17 Three Digital Realtors
Premium
₦3,300,000
Residential land for sale
2000SQM Land
Semi direct 2000 sqm land available for sale in 2nd Avenue Estate, Ikoyi, Lagos. Title: Lagos State C of O Price: 3.3m per sqm JMi
2nd Avenue Estate, Ikoyi, Lagos
2000 sqm
Henryprime
Premium
₦4,000,000,000
Residential land joint venture
Well Positioned Plots in the Serene Location
Joint venture (JV) Development Opportunity Prime Luxury Residential Development -- Awolowo Road Corridor, Ikoyi, Lagos overview a rare opportunity to participate in the development of two prime properties located within the prestigious Awolowo Road corridor, Ikoyi---one of Lagos' most sought-after luxury real estate destinations. The offering is open to: - Joint Venture Development Property Details Location: Awolowo Road Corridor, Ikoyi Size: Approx. 1,100 sqm Title : C of O Value: ₦4,000,000,000 Property 2 (Corner Piece): Property Details - Location: Awolowo Road Corridor, Ikoyi - Size: Approx. 1,100 sqm - Proximity: Short walk from Awolowo Road - Value: ₦4,000,000,000 Development Concept & Features - High-rise luxury residential development - Luxury 3--5 bedroom apartments - Exclusive penthouses - Smart home integration - Multi-level / underground parking - Swimming pool - Gym & wellness center - High-speed elevators - 24/7 security & concierge - Landscaped recreational areas Development Parameters / planning guidelines (Indicative, subject to Lagos State approvals) - Zoning: Residential (High Density) - Building Height: High-rise permissible within Ikoyi planning framework - Plot Utilization: Optimized for maximum yield - Setbacks & Compliance: In line with regulatory standards Development Project Timeline (INDICATIVE) - Design & Approvals: 4--6 months - Construction: 18--24 months - Completion: 24--36 months Key Investment Highlights - Prime Ikoyi location within Awolowo Road corridor - High demand for luxury apartments - Strong rental yield & capital appreciation joint venture terms (SUMMARY) - Land provided by owner - Developer/Investor provides funding & execution - Facilitator Fee: 8% - Developer Premium: Applicable (negotiable) - Profit-sharing structure: Flexible expression of interest (EOI) Interested parties should submit: - Development profile / capacity - Preferred structure (JV Investment) - Evidence of similar project experience next steps - Submit Expression of Interest (EOI) - Access due diligence documents - Schedule site inspection - Proceed to JV note This is a high-value, time-sensitive opportunity in one of Lagos' most exclusive real estate corridors, suitable for serious developers, investors, and corporate entity
Off Awolowo Road, Southwest, Ikoyi, Lagos
1100 sqm
Ambuiltech Project & Services Ventures LTD
Premium
1
₦600,000,000
Residential land for sale
Prime Half Plot with State Title
Fantastic estate infrastructure development 400ms,600ms at 600m800m Waterfront plot also available fem1000 Title lagos state cfo May
Parkview, Ikoyi, Lagos
Vallecano Ventures
Showing 101–120 of 551 properties
Area Guide
About Ikoyi, Nigeria
By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.
Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.
Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.
