Home Business Landmark Demands Compensation Over Demolition of Beachfront

Landmark Demands Compensation Over Demolition of Beachfront

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.

About The Author

Related Articles

Ukraine Peace Summit

12 BRICS Countries Decline To Sign Ukraine Peace Summit Declaration

Twelve of the 92 countries attending the Swiss Summit on Peace in...


Sultan Of Sokoto Urges Nigerians To Embrace Farming To Alleviate Economic Hardship

The Sultan of Sokoto and president general of the Nigeria Supreme Council...


Military ‘Pause’ On Gaza Road Triggers Political Dispute 

The Israeli military’s decision to implement a daily “tactical pause” for humanitarian...

Peter Obi Labour Party

Again, Peter Obi Raises Concern Over Rise in Insecurity

Peter Obi, the Labour Party Presidential Candidate, has expressed deep concern over...