Olu Okeowo cars before & after the seizure by Nigeria Custom Services


Posted by: Hassana Obi

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The real estate billionaire Olu Okeowo who is considered the richest man in Lagos has a stunning car collection inside his air-conditioned garage. Check the post below for Olu Okeowo cars before and after the seizure of Nigeria Custom Services!

1. Who is Olu Okeowo?

Sir Olu Okeowo is a Nigerian billionaire, philanthropist, and real estate business mogul. Once rumored to be the richest man in Lagos, Sir Olu Okeowo, a knight of the John Wesley Church, and owner of construction giant, Gilbralta group,  is known for his mega affluence, and posh lifestyle, even though he tries to live free of press attention. To provide you with the best piece of information about the man, wealth, cars and family, Naijauto journalists have gone to great lengths in collecting the data below. Enjoy!


Sir Olu Okeowo is a dollar billionaire and one of Nigeria's most generous philanthropists

2. Olu Okeowo net worth

The latest estimation of Olu Okeowo's net worth is estimated at $250 million, equivalent to ₦90.3 billion. Now you know why he was willing to spend $12 million for his mansion and billions of naira for his car fleet. It’s just a small part of his annual income.

3. Olu Okeowo garage and car fleet: Before and after NCS seizure

People come to know Olu Okeowo family's wealth usually through leaked photos by friends who visit their palatial homes, which are scattered around the world. Recently, Olu Okeowo's son had a friend over from the UK. This friend was stunned by the impressive Olu Okeowo cars in the huge garage. There is a small story behind Olu Okeowo cars though, in 2018 Nigerian were shocked to hear that the billionaire's garage had been raided by the Nigerian Customs Service. Allegedly the issue was non-payment of import duties for several of the exotic cars. 

Before being check-mated by Nigeria Customs Services, Olu Okeowo possessed a car fleet worth about ₦2 billion. They included:

  • 6 Rolls Royce cars 
  • 2 Bentleys 
  • 1 Mercedes-Benz
  • 1 Range Rover
  • And 1 Cadillac Escalade 

After the seizure, the car collection of the property mogul is rumored to lack the presence of some Rolls Royce cars. Below are details of the full fleet of luxury cars inside his garage:

3.1. Olu Okeowo Rolls Royce

When reading Rolls Royce, did you ask what model? Well, Naijauto cannot exactly say which models because this man owns up to 6 Rolls Royce automobiles in his garage. The information was leaked through one of his son's friends but the source couldn’t be sure whether there are other Rolls Royce cars in the billionaire car collection.


The information leaked out after a friend's visit

According to this guy, Olu Okeowo has numbered his 6 Rolls-Royce limousines with customized plates as GIBRALTAR 1,2,3,4,5, and 6. Among these, there may be 4 Rolls Royce Phantoms and 2 Rolls Royce Ghosts.

The price of a Phantom is estimated at ₦260 million while the Ghost model is rather cheaper at ₦150 million each.


The siblings Ghost and Phantom from Rolls Royce family

So, the total amount of money Olu Okeowo has spent on his Rolls Royce fleet is approximately ₦1.4 billion.

3.2. Olu Okeowo Bentley Mulsanne

The property magnate was reported to have bought himself a Bentley Mulsanne Limited Edition to celebrate his 52nd birthday in 2017. The automobile costs up to ₦200 million and ranks among the rarest cars in the world as only 50 of them were ever produced on Earth.


Olu Okeowo will surely order a personalized nameplate for his Mulsanne

3.3. Olu Okeowo Bentley Continental

Before buying the limited Mulsanne, this billionaire had acquired a Continental GT whose starting price is ₦82 million.


Check the latest deco inside this Bentley Continental GT 2019!

3.4. Olu Okeowo Range Rover

The Range Rover Jeep of the billionaire is of limited edition, just like other cars in his AC garage. The luxury product from Land Rover has a price tag suggested at ₦40 million.


Another limited edition in the Olu Okeowo car collection!

3.5. Olu Okeowo Mercedes-Benz G-Wagon

This automobile model is a must-have in every car collection of the richest individuals, ranging from the infamous car fleet of senator Dino Melaye to the most wealthy woman in Africa - Folorunsho cars for her family.


If affordable, one can't miss out on the legendary G-Wagon!

The price of this G Guard Mercedes-Benz is ₦45 million for the base model.

3.6. Olu Okeowo Cadillac Escalade

Another limited edition car in Olu Okeowo's auto colony is a Cadillac Escalade – the auto brand of American Presidents.

The car has luxury equipment and promises to bring the best driving experience to its passengers. Its suggested price is roughly ₦30 million.


The Cadillac Escalade can be turned into a limousine, like this!

3.7. Olu Okeowo cars seized by Nigeria Custom Services

In January 2018, Nigeria Customs Services stormed the mansion of this billionaire because he was alleged to have defaulted in payment of import duties on some of his luxury cars.

The NCS operatives checked through Olu Okeowo garage and seized some of his automobiles. The list was never revealed but eyewitnesses affirmed there must be several Rolls Royce cars taken.


NCS has confiscated a lot of illegally imported goods and cars, such as this Rolls Royce Wraith

The development of the story was then kept from the press. Till now there’s no update as to whether this magnate was prosecuted or not, or simply if the incident has been resolved smoothly.

4. Olu Okeowo house - A French mansion in Lagos

Being the leading real estate player in the country, Olu Okeowo owns a list of houses inside and outside the borders of Nigeria. However, the most noticeable Olu Okeowo house is his dream palace in the prestigious area of Parkview, Ikoyi.

The white mansion is named Palacio de Okeowo and built in a 3-floor Victorian style, resembling the Basille Palace in France. The construction took 11 months, over 5 acres of land and around $12m or ₦4 billion to complete. The luxury furniture and decorations inside are another story altogether.


The house is fully covered with Marble

There are 16 rooms in total, a private Chapel, a Jacuzzi, an Olympic-sized swimming pool, a lawn tennis court, and basketball courts. To take care of the edifice, Olu Okeowo has brought in many South Africans and Phillipinos as domestic staff, living in the 2-floor staff quarters.

How Olu Okeowo holds his house-warming party?

>>> Which career earns the most money and luxury cars, can you guess?

5. More about Olu Okeowo, biography, family, scandals

  • Okeowo Olu profile

Olu Okeowo (or Okeowo Olu) is the founder and Chief Executive Officer of Gibraltar Constructions Nigeria. The company specializes in giant estate projects and building gigantic mansions for the super-rich only.

He was born with a silver spoon in his mouth. His father – Sir Pa Taiwo Okeowo was already a billionaire during his lifetime. Olu Okeowo inherited a fortune as his base to found Gibraltar.

  • Olu Okeowo state of origin

The property mogul was born in Ijebu-ode, Ogun state, but is residing in Ikoyi, Lagos.

  • Olu Okeowo age

Olu Okeowo was born in May 1965. The billionaire had a lavish 53rd birthday celebration last year in his Palacio de Okeowo mansion inside the luxurious Parkview Estate in Ikoyi.

The party served top-notch champagne brands in the world such as Veuve Clicquot, Dom Perignon, Pol Roger or Ace of Spade and attracted the biggest names in the region, like governors of Lagos & Ogun states as well as many other wealthy businessmen in his personal network.

  • Olu Okeowo wife

Olu Okeowo's wife is Lady Adejoke Okeowo. The couple has 3 handsome sons.


The happy family celebrating Lady Adejoke birthday together (Source: Shugaentertainment)

Some rumors speculate that Olu Okeowo has a second wife in the US but this is not true. In 2014, it was also reported that Olu Okeowo impregnated his lover – Lolade Olamide, but did not consider her his second wife.

  • Olu Okeowo baby

As mentioned above, Olu Okeowo had impregnated Olamide and refused to take her as a second wife. The property mogul shared that he wanted to save his marriage but would take responsibility for the newborn.


Olu Okeowo remained monogamous to keep his marriage with Mrs. Adejoke safe

Initially, Olu Okeowo allegedly asked Olamide to terminate the pregnancy but this woman insisted on giving birth to her baby whether Oleowo accepted the paternity or not. The child was born in 2014 in a private hospital in the United States.

6. Conclusion

Despite his stupendous wealth, Sir Olu Okeowo is one to go about his affairs as quietly as possible. One can respect the quiet dignity of a man, in a country where wealth usually results in loud, ostentatious living. We all wish to be as rich as Olu Okeowo and ride luxury automobiles like Olu Okeowo cars one day. But money won’t come if we just sit there and wish. Always be grateful for what you have now and work hard, your endeavors will pay off in the future!

>>> Need more motivation? Check out other car collection and lifestyle of celebrities in HERE on Naijauto.com!

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Hassana Obi

Hassana Obi

Car prices

Hassana Obi is an automobile writer and editor at Naijauto.com. She prides herself on hundreds of informative and entertaining articles on Nigerian traffic regulations, car prices and celebrity car collections. When Hassana is not writing, she is a teacher and philanthropist.

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