As soon as once more, the federal authorities of Nigeria has burdened that what it demolished on the Landmark Group’s Seaside Resort had been shanties and never properties, including that the administration of the actual property agency had no declare on the beachfront.
David Umahi, minister of works, who said this at a stakeholders’ assembly in Lagos final Sunday, mentioned authorities doesn’t compensate for the demolition of shanties which was why, in keeping with him, Landmark was not paid compensation.
“No infrastructure was destroyed at Landmark; we remorse the falsehood and inciting statements credited to the Landmark proprietor who claimed that properties value billions of naira had been destroyed at his seashore resort,” the minister famous.
The demolition of the Landmark Seaside Resort is taken into account, in some quarters, as a significant sore level within the Lagos-Calabar coastal freeway building as the corporate’s Seaside Resort was demolished to create a right-of-way (RoW) for the venture.
Learn additionally: Demolition: Landmark Group presents recent insights on its $200m Seaside Resort
The Landmark administration estimates the worth of their Seaside Resort which the federal government demolished at $200 million, including that the multi-million-dollar Seaside Resort was residence to over 80 start-up companies.
The administration, nonetheless, says it can not query the choice of the federal government to demolish the resort, as a result of, in keeping with Paul Onwuanibe, the Group’s chief govt, “authorities has the appropriate of eminent area and so, I’ve by no means argued the truth that authorities has the appropriate to take no matter it likes that’s within the non-public sector for presidency function or for public good.
“One of many issues I say to my workforce is you possibly can’t look behind and in entrance of you on the similar time. When issues occur as they’ve occurred to us, it’s a must to discover a approach to get better. I imagine fairly strongly that all the pieces you do in life, each expertise you might have, whether or not good or unhealthy, is one it’s a must to construct on to your benefit in future,” Onwuanibe famous.
The true property mogul, who spoke in an unique interview with BusinessDay, confirmed that the federal government has not paid them any compensation. “We’ve got not been compensated,” he burdened, saying, “I’ve gone on file to say that if we get compensated, it would assist us to the touch extra lives, create extra companies, and expertise.
Onwuanibe hopes additionally that the compensation, if paid, will likely be advantageous as a result of they’ve had critical monetary struggles for the reason that demolition occurred. “I hope the compensation will assist the assorted locations that we’ll be going to, together with the place we’re at present, Lagos. It can create extra impression.
As painful as it’s to him, Onwuanibe says there are blessings and alternatives within the demolition of the seashore resort, explaining, “if our properties weren’t demolished, possibly we gained’t even be going via a few of these exponential development by now; possibly we wouldn’t have had calls from completely different African Presidents or had the chance to take a seat with state governors to debate establishing our tourism enterprise of their international locations/states.”
