About Banana Island – Banana Island, is an area of Ikoyi, Lagos, Nigeria, 8.6 kilometres east of Tafawa Balewa Square. Part of the Lagos Local Government Area of Eti-Osa in Central Lagos, it is known for its wealthy, multi-cultural community and has some of the most expensive real estate in Nigeria. Banana Island has one of the highest density of millionaires within its boundaries. According to the Elites Magazine, this beautiful island has become the most preferred abode of the rich.
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