Nigerian businessman and socialite Terry Waya has claimed that he played a major role in the creation of Banana Island, Lagos, through his military connections.
Waya made the claim during an appearance on School of Hard Knocks, a podcast hosted by James Dumoulin, where he discussed his wealth, agricultural investments and approach to business.
“I was the one who created Banana Island using my military contacts. Today, the richest people in Nigeria live there,” he said.
The businessman, who is the father of former Big Brother Naija housemate Terseer Kiddwaya, also described himself as one of Nigeria’s biggest farmers.
Asked about the highest amount he had earned in a single year, Waya reportedly put the figure at about $200 million. He did not specify the year, and the claim has not been independently verified.
He attributed his business success to investing in people and building a strong network of contacts.
“My secret is investment in people,” he said, explaining that valuable relationships could provide access to opportunities when needed.
However, Waya’s account of Banana Island’s development differs from other published accounts. Historical reports identify civil engineer Adebayo Adeleke with the original concept, while the Chagoury Group is credited with carrying out the eventual development in partnership with the Federal Government.
Waya also advised entrepreneurs against desperation during negotiations and urged wealthy people not to sacrifice their families in pursuit of money.
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