Nigerians in the diaspora who invested in the WinHomes Global Estate in Okun Ajah, Lagos, have rejected monetary compensation for the demolition of the estate, calling instead for a reversal to the original 2006 gazetted route of the Lagos-Calabar Coastal Highway.<\/p>\n
<\/p>\n
The estate, located between Chainage 17-18, was demolished in October by the Federal Ministry of Works to facilitate construction for the highway project. Speaking to reporters in Lagos, Stella Okengwu, Managing Director of WinHomes Global Services, criticized the new alignment, arguing it violated existing laws and undermined investor confidence.<\/p>\n
<\/p>\n
\u201cWe conducted due diligence, obtained necessary approvals, and complied with all requirements, including clearance from the Lagos State Government, before building. Yet, the Ministry of Works has chosen a new alignment that disregards the 2006 gazette,\u201d Okengwu stated. She added, \u201cThis decision undermines the Lagos State Properties Protection Law, 2016, and jeopardizes efforts to attract diaspora investments.\u201d<\/p>\n
<\/p>\n
Okengwu called on President Bola Tinubu and Minister of Works David Umahi to revert to the original route, stressing that the estate was a $250 million diaspora investment initiative aimed at creating 5,000 jobs for Nigerians.<\/p>\n
<\/p>\n
Canada-based investor Dr. Charles Mba shared his disappointment, highlighting the sacrifices made by diaspora investors to contribute to Nigeria’s economy. \u201cWe saved for decades to invest in Nigeria, trusting the government to protect our investments. This realignment is a betrayal of that trust,\u201d Mba said, adding that the sudden change favors encroachers over lawful stakeholders.<\/p>\n
<\/p>\n
Another investor criticized the move, stating, \u201cRoads are for people, not animals. This decision displaces families and destroys lives. The government must protect legitimate investors.\u201d<\/p>\n
<\/p>\n
The investors urged the Federal Government to honor its commitments, warning that the current actions could discourage future diaspora investments.<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Nigerians in the diaspora who invested in the WinHomes Global Estate in Okun Ajah, Lagos, have rejected monetary compensation for the demolition of the estate, calling instead for a reversal to the original 2006 gazetted route of the Lagos-Calabar Coastal Highway. The estate, located between Chainage 17-18, was demolished in October by the Federal […]<\/p>\n","protected":false},"author":14,"featured_media":56159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-56156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/56156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=56156"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/56156\/revisions"}],"predecessor-version":[{"id":56172,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/56156\/revisions\/56172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/56159"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=56156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=56156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=56156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}