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Banana Island, Eti-Osa, Lagos

Land in Banana Island, with every paper checked.

Banana Island lies in the west of Eti-Osa LGA, Lagos State, roughly 21 km from Ikeja in a straight line. From a single plot to a large parcel, we handle it here with the title verified first.

Book a consultationAll of Eti-Osa
21 kmTo Ikeja
19 kmTo Lagos airport
2Neighbourhoods within 3 km
PrimeArea profile

Where it is

Banana Island and its neighbours.

The closest named neighbourhood is Ikoyi, about 1.5 km away. 2 named neighbourhoods lie within 3 km. Banana Island is an established, high-value district.

  • Murtala Muhammed International Airport: about 19 km
  • Lagos Port Complex, Apapa: about 8.3 km
  • Eti-Osa LGA centre: about 5.7 km
Banana Island and surroundingsApproximate
OniruLekki Phase 1ObalendeBanana Island

Neighbourhoods within 15 km. Eti-Osa’s are in black; nearby ones are labelled.

Land

Land in Banana Island, topic by topic.

Ownership, buying, selling, leasing, valuation and investment of land, as they apply in Banana Island, Eti-Osa.

OwnershipLand titles in Banana IslandUnder the Land Use Act, land in Lagos is held in trust by the governor, so owners in Banana Island, Eti-Osa hold a right of occupancy rather than freehold. Most property in Banana Island carries a Certificate of Occupancy or a registered deed, and every transfer needs Governor’s Consent. For foreign buyers, ownership is usually through a company registered in Nigeria.
BuyingBuying land in Banana IslandIn Banana Island, Eti-Osa, land usually means a redevelopment site: an older building on a valuable plot. The title, building lines and approvals for what you plan to build decide the deal. You can fly into Lagos airport, about 19 km away, or let us walk you round the plot on video.
SellingSelling a plot in Banana IslandLand in Banana Island, Eti-Osa typically sells to developers looking for redevelopment sites, companies and Nigerians abroad planning to build. A perfected title sells faster, so we secure Governor’s Consent and the survey before listing, and price against recent land sales in Ikoyi, Oniru and Lekki Phase 1.
LeasingLeasing land in Banana IslandGround leases in Banana Island, Eti-Osa suit developers on long development leases or joint ventures. Leases are drafted with your lawyer, tenants are vetted and ground rent is collected on schedule.
ValuationWhat land in Banana Island is worthWe value land in Banana Island, Eti-Osa from comparable land sales in Ikoyi, Oniru, Lekki Phase 1 and Obalende, adjusted for what can be built under the current approvals; the title type; flood history and site levels; and distance to Ikeja (about 21 km). Asking prices are not published here because they move; you get a written valuation.
InvestmentInvesting in land in Banana IslandFor land investors, Banana Island, Eti-Osa points to redevelopment sites, where the land is worth more than the building on it. We check title, demand and exit before any offer is made.

How we help

How Ibile Engineering helps.

For Nigerians living abroad and for international investors, individuals, companies and funds.

Nigerians abroadLand in Banana Island, without flying homeWe walk plots in Banana Island, Eti-Osa with you on live video, check the title at the Lagos State Land Registry and hold your payment until the deed is in your name. Land in Banana Island, Eti-Osa can be fenced, signed and photographed every month under land watch. When you are ready, our Construction division can build on it.
Foreign investorsInvest in land in Banana Island from abroadWe plan the holding company and Governor’s Consent in Lagos with your lawyers. We register incoming capital with a Certificate of Capital Importation and benchmark Banana Island, Eti-Osa against Ikoyi, Oniru and Lekki Phase 1. Once acquired, the land is watched, valued and reported on every quarter.

Nearby

Neighbourhoods near Banana Island.

Eti-OsaIkoyiAbout 1.5 km from Banana Island.Eti-OsaOniruAbout 2.6 km from Banana Island.Eti-OsaLekki Phase 1About 3.5 km from Banana Island.Eti-OsaObalendeAbout 3.6 km from Banana Island.Lagos IslandEbuteAbout 3.7 km from Banana Island.Lagos IslandLafiajiAbout 3.7 km from Banana Island.

Before you buy

What we check in Banana Island.

TitleVerify the title at the registryBanana Island titles are checked at the Lagos State Land Registry before any payment, together with the registered survey plan.
SurveyCharting and beaconsBefore you commit in Banana Island, the survey plan is charted against acquisition and setback maps and matched to the beacons on the ground.
PlanningBuilding lines and approvalsLand in Banana Island usually comes with an older building on it. Building lines, setbacks, estate rules and demolition approvals are checked with the title.
WaterFlood and drainage riskLagos is a coastal state, so site levels, drainage and flood history are checked in person before you buy in Banana Island. Lagos land use charge is confirmed as paid up.

Services

Most useful in Banana Island.

Buying LandPlots and parcels found, checked and bought in your name.Land ValuationA written value for your land, from real evidence.Land InvestmentLand portfolios built and managed for investors.
Residential LandCommercial Land

More in Eti-Osa

Other neighbourhoods in Eti-Osa.

AdoAgungiAjahBadoreChevronEti-OsaIkateIkotaIkoyiIladoIlasan Housing EstateJakandeLangbasaLekkiLekki Phase 1ObalendeOniruOsapa LondonSangotedoVictoria Island

Frequently asked questions

Which LGA is Banana Island in?

Banana Island is in Eti-Osa LGA, Lagos State. It sits in the west of Eti-Osa.

How far is Banana Island from Ikeja?

About 21 km in a straight line, to the south-east of Ikeja. The road distance is usually longer.

Which neighbourhoods are near Banana Island?

The nearest are Ikoyi (1.5 km), Oniru (2.6 km), Lekki Phase 1 (3.5 km) and Obalende (3.6 km).

What is the nearest international airport to Banana Island?

Murtala Muhammed International Airport, about 19 km away. The nearest seaport is Lagos Port Complex, Apapa, about 8.3 km away.

How do I check land in Banana Island before buying?

Banana Island titles are checked at the Lagos State Land Registry before any payment, together with the registered survey plan. Land in Banana Island usually comes with an older building on it. Building lines, setbacks, estate rules and demolition approvals are checked with the title.

Talk to us about land in Banana Island.

Tell us what land you want to buy, sell, lease, value or protect. An adviser replies within one working day.

Book a consultationAll of Eti-Osa