Home Business Landmark Demands Compensation Over Demolition of Beachfront
BusinessNews

Landmark Demands Compensation Over Demolition of Beachfront

464
Landmark Demands Compensation Over Demolition of Beachfront

Landmark, a multi-million dollar corporate resort entity, has demanded compensation from the Lagos State and Federal governments for demolishing its beachfront.

This was disclosed via a press statement released on Friday morning as the company announced its decision to move on and continue its operations.

We are devastated by the horrific demolition of our much-cherished Landmark Beach. It has indeed been the most difficult eight weeks of our 27-year existence as an international organisation,” the statement partly reads.

According to Landmark, the beachfront property was identified in 2015 and made payments in 2016, giving it the right to occupancy at the shoreline.

The statement further reads that Landmark is willing to work with the State and Federal Government to receive “adequate compensation” in damages.

Landmark also announced that it is now looking to partner with three West African countries and two States in Nigeria to develop beachfront tourism in their localities.

Meanwhile, the Federal Ministry of Works, under the supervision of Dave Umahi, announced on Thursday that it had terminated the proposed realignment of the Lagos-Calabar Coastal Highway, which was the initial cause of demolition.

Read more: Nigeria’s Highest-Grossing Actors Earn Nearly N3 Billion in 2023

About The Author

Written by
Mayowa Durosinmi

M. Durosinmi is a West Africa Weekly investigative reporter covering Politics, Human Rights, Health, and Security in West Africa and the Sahel Region

Related Articles

NewsSecurity

Village Chief, 14 Others Abducted by Bandits in Kaduna

Bandits have reportedly attacked Ungwan Babangida village in Kauru Local Government Area...

President Nana Addo Dankwa Akufo-Addo has commissioned the 97-kilometer Tema-Mpakadan railway line, a transformative infrastructure project that marks the first phase of the Ghana-Burkina Faso Interconnectivity Project.
BusinessNews

Ghana Inaugurates 97 km Tema-Mpakadan Rail Linking Ghana to Burkina Faso, Opening Access to the Sea

President Nana Akufo-Addo has commissioned the 97-kilometre Tema-Mpakadan railway line, a transformative...

Niger has announced ban on the export of scrap metal, according to a decree issued by the Ministry of Commerce and Industry on November 21, 2024.
News

Niger Bans Export of Metal Scraps to Optimise Country’s Resources

Niger has announced a ban on the export of scrap metals, according...

Niger Gold Dan Issa
NewsSecurity

EU Recalls Ambassador Over Allegations of Interference in Niger

The European Union (EU) has announced the recall of its ambassador to...