The Abuja Times

Terry Waya Declares Himself the Creator of Banana Island, Boasting Billionaire Status

Terry Waya, a prominent figure in Nigeria's social scene, has made headlines by claiming he is the architect behind the development of the luxurious Banana Island. He further asserts his billionaire status, stating he achieved this milestone two decades ago.

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The Abuja Times

Wed, 11 Nov 2026• 2 min read
Terry Waya Declares Himself the Creator of Banana Island, Boasting Billionaire Status
Terry Waya Declares Himself the Creator of Banana Island, Boasting Billionaire Status — The Abuja Times Newsroom

Terry Waya, often referred to as a socialite and businessman, has stirred controversy with bold claims regarding the iconic Banana Island in Lagos. During a recent interview, Waya proclaimed, "I'm not a millionaire, I'm a billionaire. I became a billionaire 20 years ago," positioning himself not only as a successful entrepreneur but also as a key player in one of Nigeria's most coveted real estate developments.

Banana Island, known for its opulent residences and affluent inhabitants, has become synonymous with luxury in Nigeria. Waya's assertion that he was the mastermind behind its creation has drawn attention, leading many to question the validity of his claims. While he has not provided specific details or evidence to support his statement, it has sparked discussions about the contributors to the development of such high-profile properties in Nigeria.

Critics and supporters alike have taken to social media to express their views on Waya's statements. Some have lauded his entrepreneurial spirit, while others have expressed skepticism regarding the authenticity of his claims. This incident highlights the often blurred lines between reality and perception in the world of wealth and status in Nigeria.

"The narrative surrounding wealth in Nigeria is complex, and figures like Waya often become focal points for discussions about success and authenticity," commented a local sociologist.

As the debate continues, it remains to be seen whether Waya will provide further clarification on his role in the development of Banana Island or if this claim will be another chapter in the ongoing saga of Nigeria's elite.

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