•The Story Of His Company The Address Homes Ltd
6 years after retiring from First Bank, as Group Managing Director, Mr. Bisi Onasanya today runs one of the leading Real Estate Company in Nigeria called The Address Homes Ltd.
If the list of successful real estate players is to be drawn up today in Nigeria, the name of Bisi Onasanya will top the list. This is because he plays BIG in Real Estate. He controls a large chunk of the real estate portfolio on the Island.
He owns The Address Homes Ltd. a leading real estate company engaged in the acquisition, development and management of luxurious contemporary homes across Nigeria. Address Homes is one of the leading real estate developers in Ikoyi/Banana axis.
The Address Homes is one company that has changed the face of Real Estate development in Nigeria by delivering homes that combine high class contemporary architectural design with high level finishes.
Its Homes are highly diversified with respect to design and styles. From inception, The Address Homes has made it its policy to build the best homes at the most economical prices throughout Nigeria, thus delivering optimum value for money.
A visit to any of The Address Homes Banana Island, Ikoyi, Lekki, etc will reveal its consistent passion for delivering exceptional homes with high class finishing.
This strategy, coupled with its unwavering reliability and dedication to quality, custom-tailored homes, has made The Address Homes one of the highly respected companies in the property development business. It involves concepts that take account of each customer’s taste, budget, time frame, market environment and the opportunities available. It takes a pragmatic approach to solving problems, prioritizing our customers’ specific needs in the area of real estate.
This real estate firm has successfully delivered numerous contemporary homes (The Address) in the Ikoyi area and another fabulous three are at finishing stages which will be introduced to the market in a grand opening in April this year.
The Address Homes is also developing 30units high contemporary estate next to Femi Okunnu Estate Lekki not far from the new shoprite. This Address features a model that is a replica finishing of a new successful design from one of its Ikoyi series (The Address). This project is at roofing stage now and they have already met the initial quota of sales and with just few units left.
The estate will benefit from good access roads, 24hours power supply, gym, communal swimming pool, basketball court, club house, mini event centre, children play area, adequate security, good drainage and landscape. It is a fully serviced estate.
The Address Homes is also putting up 2 sensational show-homes at the Femi Okunnu Address which will be open to view from the month of April this year. These show-homes will give prospects a taste of The Address Homes lifestyle.
It also plans to launch its Lagos mainland series in Opebi, Ikeja as well as Diplomats Village in Abuja.
All of its developments are modern homes, which echo the elegance of contemporary style architecture. It desires to see its clients have access to excellent, modern living styles, viable investments, coupled with industry leading post delivery services.
The Adress Homes knowledge and experience range from packaging one-off residential investment properties through to multi-million naira property investment portfolios. So, whether you are a first-time investor or an experienced institutional investor, its team is looking forward to assisting your home ownership dream and Investment growth.
Lets tell you more about Bisi Onasanya. He was born in Ibadan, the Oyo State capital. He hails from the Onasanya family in Ijebuland, Ogun State. He grew up in Lagos, Nigeria’s commercial capital, where he attended St Paul’s Anglican Primary School (Mushin), Eko Boys High School (Mushin), and the then Lagos State College of Science and Technology.
He is the eldest of 4 children from his mother, and the 3rd of his father’s children. Olabisi “Bisi” Stephen Onasanya, (born August 18, 1961) is a former Group Managing Director and Chief Executive Officer of First Bank of Nigeria Limited.
He was the Managing Director/Chief Executive Officer of First Pension Custodian, and began his career with Arthur Young, an American audit firm.
A chartered accountant, he is credited with pioneering initiatives in Nigeria’s nascent pension custody industry that helped define best industry practices.
At First Bank Nigeria Limited where he held diverse portfolios before his appointment as Group Managing Director, he coordinated the bank’s Century 2 Enterprise Transformation Project, widely acknowledged as one of the most important phases of the bank’s early transformation initiatives in response to an increasingly competitive financial services landscape. A fellow of the Institute of Chartered Accountants of Nigeria, a Member of the Chartered Institute of Bankers of Nigeria, and an Associate Member of the Nigerian Institute of Taxation, Bisi has served as a member of the Chartered Institute of Bankers’ Sub-Committee on Fiscal & Monetary Policies, and of the Presidential Committee on Reduction of Interest Rates.
He joined Wema Bank as a senior accountant in 1985, and over the 9 years he worked for the bank, rose to become Head of Accounts.
He spent three years (October 2005 to December 2008) as Managing Director/Chief Executive Officer of First Pension Custodian. Incorporated by the First Bank Group in response to reforms to the Nigerian pension industry which saw the actuarial system move from a “defined benefit” to a “defined contribution” basis, Bisi took First Pension Custodian from the application stage, through authorisation by the industry regulator. He, thereafter, successfully established it as the sector leader in the Nigerian pension custody market. The company broke even with almost N400 billion pension assets under management by the time he left in 2008.
He spent 21 years with First Bank of Nigeria Limited until his retirement in December 2015 (barring the 3 years when he helped set up First Pension Custodian). Joining First Bank as a Senior Manager, he held several positions in the Bank, including that of Group Head, Finance and Performance Management Department. From his period as Chief Executive at First Pension Custodian, he returned to First Bank as an Executive Director, Banking Operations & Services, he rose to become Chief Executive Officer, the position he held until his retirement. Bisi retired as Group Managing Director/CEO, First Bank of Nigeria Limited, on December 31, 2015.
Throughout his career he was said to be a damn good banker who lived above board. That he went into real estate didn’t come as a big surprise. Many don’t know that he started real estate business over 20 years ago while he was an ordinary employee in First Bank before he rose to be MD. During his valedictory service, the Chairman mentioned it and said he was sure he will excel outside banking.
Many don’t know that he was one of the early and biggest developers at Banana Island. Some of the new projects of his Address Homes company are joint.ventures.rather than buying land outrightly.
When the First Bank crisis happened a few weeks back and some commentators tried to drag him into the pictures, insiders revealed that Onasanya in his running of First Bank was above board.
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