The club's chairman Shina Peller revealed this, during a business brunch with journalists in Lagos, ahead of the club's re-opening, on Friday August 1.
Peller, who had an earlier stint at Nu Grotto, before leaving controversially, says the estimate covers the cost of the property, the internal club structure, fittings and assets as well as identified brand equity.
It took over two years to construct the luxury nightclub, which is located on Ozumba Mbadiwe road, in Victoria Island, Lagos.
Quilox sits on multiple plots on the super premium Ozumba Mbadiwe with its impeccable design and finishing complemented with stunning and first of its kind décor and lighting, world class customer service and hospitality, renowned DJs and an over the roof sound system that pundits say is the first in this market.
Quilox re-opened on August 1, 2014 after a brief hiatus. The club is one of the few purpose-built facilities in Lagos, apart from the now rested Niteshift Coliseum.
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