Banana Island is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. Its name derives from the curvature of its shape. The island is a planned, mixed development with residential, commercial and recreational buildings. Banana Island hosts several high end residential developments such as Ocean Parade Towers - a series of 14 luxury tower blocks strategically situated at one end of the island to take advantage of 180 degree panoramic views overlooking the lagoon. Similar to many of the developments on the island, it has dedicated leisure facilities such as a private health club - with tennis courts, squash courts and a swimming pool surrounded by extensive gardens. At launch flats in Ocean Parade sold for over US$400,000. Several leading Nigerian and International corporates such as - Etisalat Nigeria, Airtel Nigeria, Ford Foundation Nigeria and Olaniwun Ajayi & Co are also based on Banana Island.