Sir Clement Oluwatumininu Okeowo, popularly known as Sir Olu Okeowo, was born into the family of Pa Taiwo VictorOkeowo, a wealthy businessman and Methodist choirmaster, and a homemaker mother, in Irewon, Ijebu Ode, Ogun State. He had a strict Christian upbringing and initially pursued a career in Medicine, studying in Austria and the Caribbean before returning to Lagos to work at St. Nicholas Hospital.

However, due to Nigeria’s mid 1980s economic downturn, he abandoned medical practice and did ventured into business starting with metal fabrication and later founding Gibraltar Construction Nigeria Limited in the early 1990s. The company grew into a major force in luxury real estate and large scale construction across Nigeria, with over 1,200 projects completed in more than 12 states.

Rise of Sir Olu Okeowo’s Business

Sir Olu Okeowo’s success in business is a story of determination, timing, and calculated risk-taking.

He first ventured into metal fabrication, producing security doors, gates, and other steel works for residential use. His hands on approach, combined with an eye for quality, gradually earned him trust among Lagos property developers and homeowners. With these small contracts, he built relationships and gathered capital, reinvesting every profit into scaling up his work.

By the early 1990s, Okeowo formally registered Gibraltar Construction Nigeria Limited. He strategically positioned the company to handle luxury construction projects a niche that was still relatively untapped in Nigeria at the time. Instead of focusing on mass housing, he targeted the wealthy elite in Lagos who demanded high quality, modern, and secure homes.

His big break came when he began delivering bespoke luxury residences in Ikoyi, Victoria Island, and Lekki, areas that later became Nigeria’s most sought after real estate zones. His reputation grew because he combined engineering precision with European inspired architectural designs, a reflection of his time abroad. As demand grew, Gibraltar Construction expanded, completing over 1,200 projects across 12 states, ranging from luxury private homes to commercial developments.

Wife and Children

Sir Olu Okeowo is married to Lady Adejoke Okeowo, his long time partner who is often seen by his side at social and family gatherings. Their marriage has been described as a strong and supportive union, with Lady Adejoke playing an influential role in his personal and family life. Together, they are blessed with three children, and the family is known for celebrating important milestones such as birthdays and thanksgiving services in grand style.

Their eldest son, Oluwatumininu Okeowo, followed a path in engineering and international real estate, eventually taking on a leadership role in Gibraltar Construction, the company founded by his father. While Sir Olu now focuses more on his position as chairman, his son oversees much of the operational management, ensuring the family legacy continues.

Their middle son, Ibukun Okeowo, popularly known in the entertainment world as DJ Mufasa, has gained recognition as a talented performer and dynamic entertainer. The third son, named Solomon, has also been prominently featured in family celebrations Sir Olu’s church chapel, “Solomon Chapel of Faith,” was dedicated on his 57th birthday, reflecting the family’s deep ties to faith, philanthropy, and tradition.

The two younger sons, DJ Mufasa (above person) and Solomon, each also stand out in their line of business; one in music and the other in spiritual and family life, complementing the eldest, Oluwatumininu, who stewards the family business.

Luxury Lifestyle: Cars, Mansions, and Properties

Sir Olu Okeowo owns a sophisticated collection of luxury vehicles, including six Rolls Royces (four Phantoms and two Ghosts), at least two Bentleys most notably a limited edition Bentley Mulsanne EWB and other premium SUVs like Mercedes G-Wagons, Range Rovers, and a Cadillac Escalade. The collection is housed in a climate controlled garage valued at around $5 million.

He resides in the opulent “Palacio de Okeowo” in Ikoyi’s Parkview Estate a Victorian style mansion spread across five acres, with 16 bedrooms, a private chapel, helipad, courts, pool, and jetty. Built in 11 months, its combined land and construction cost is estimated at $3.5 million.

Networth

Sir Olu Okeowo, has an estimated net worth of $800 million, placing him among the wealthiest individuals in the country. His fortune comes primarily from his construction and property development empire, Gibraltar Construction Nigeria Limited, alongside vast real estate holdings across Lagos and beyond.

Known for his luxury lifestyle, he owns one of Nigeria’s most iconic mansions, Palacio de Okeowo in Ikoyi, and an impressive fleet of exotic automobiles, particularly Rolls Royces. His wealth reflects decades of dominance in the construction industry and strategic investments in high value properties.