An actual property investor main different diasporans to spend money on the nation by WinHomes International Property, Stella Okengwu, has decried the demolition of the corporate’s property value $250m.
She decried this act at a press briefing in Lagos State on Wednesday, alleging that the act was a focused motion by the Minister of Works, David Umahi.
She stated the unlawful diversion to WinsHomes International Property affected property homeowners who dwell within the diaspora.
Okengwu stated, “All of the property of WinHomes International Property, value $250m was demolished following an order by the Minister of Works, David Umahi.
“This world press convention intends to reveal the entire falsehood and lay naked all of the details of the unlawful coastal street alignment and diversion from the preliminary and authorised alignment of the 2006 gazette earmarked by the then Lagos state governor and now our President Bola Tinubu.”
She famous that it was a simple alternative for her to reply the decision by Tinubu after his inauguration on Might 29, 2023, which he adopted up on with varied abroad travels in his insistent drive for Nigerians within the diaspora to return again residence and be part of palms into the event of the nation by investing in Nigeria.
“As an actual property investor, I, my companions, Femi Adekoya and Olawale Oluwa (Pelle Houses) knew we needed to contribute and make our influence felt instantly.
“We collaborated to amass a considerable tract of land to help our esteemed President’s financial agenda and proceed with its complete improvement.
“Nevertheless, the latest actions of the Minister of Works have solid a shadow over these efforts,” Okengwu acknowledged.
In keeping with her, the diasporan actual property traders expressed their anguish over the demolition of their investments within the Okun Ajah space of Lagos State, calling for pressing intervention from President Bola Ahmed Tinubu and an investigation into alleged corruption throughout the Ministry of Works.
She disclosed, “The true property improvement, which had attracted substantial international direct funding, was destroyed on October 5, 2024. This demolition was carried out below the orders of the Federal Ministry of Works and allegedly violates the 2006 gazetted alignment for a proposed coastal street venture.
“By means of WinHomes Funding Scheme, 70 per cent of subscribers have been diasporans, injecting thousands and thousands into the Nigerian financial system. The traders had meticulously adopted authorized protocols, acquiring all obligatory documentation, together with a certificates of occupancy, governor’s consent, and coastal street clearance.”
Okengwu additional accused the Federal Ministry of Works of illegally diverting the coastal street from its authorised alignment, ensuing within the destruction of all properties in WinHomes property with out prior discover or authorized justification.
She alleged, “As well as, there isn’t a marine hub cable in Okun-Ajah to immediate any cause for the diversion. Corruption throughout the Ministry, claiming that residents of Ocean Bay paid to have their properties spared. We have been blindsided by the demolition.”
She urged the President to intervene immediately, restore the unique coastal street alignment, and make sure that the Senate Committee on Works investigates the corruption.
When contacted for feedback on the event, the Particular Adviser (Media) to the Minister of Works, Orji Orji, informed our correspondent that there was nothing to react on.
He stated, “Such complaints ought to formally be channelled for acceptable response. We will’t react on nothing.”
In an earlier report, the residents of the Okun Ajah neighborhood within the Eti-Osa Native Authorities Space of Lagos State raised the alarm over the alleged unlawful diversion of the continuing Lagos-Calabar Expressway by their neighborhood by some officers of the Federal and State authorities businesses.
The neighborhood additionally debunked claims by the Ministry of Works that the choice to divert the street in Okun-Ajah was necessitated by the presence of telecommunications cable.
The residents in a letter by their Chairman and Secretary, Isah Noibi and Yusuf Odunuga, respectively, urged President Tinubu to direct the officers to reverse the diversion.
The Building of the Lagos-Calabar Freeway formally started in March 2024 with the primary part, a 47.7km stretch in Lagos State, ranging from Ahmadu Bello Manner.
Umahi beforehand acknowledged that the complete 700km freeway is anticipated to be accomplished in eight years, with a number of sections starting concurrently as soon as procurement, approvals, and different obligatory processes are finalised.