Home Business Landmark Demands Compensation Over Demolition of Beachfront
BusinessNews

Landmark Demands Compensation Over Demolition of Beachfront

852
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

FinanceNews

Following Trump’s Tariff Threats, China Announces Plan to Remove All Import Tariffs for African Countries

China has announced plans to remove all import tariffs for African countries...

News

Malian Armed Forces Neutralise Senior JNIM Militant in Ongoing Counterterrorism Operation

The Malian Armed Forces (FAMa) have successfully neutralised a high-ranking member of...

Ahmedabad Crash
NewsWorld

India Launches Investigation into Fatal Plane Crash, U.K. and U.S. to Assist

An Air India flight heading to Gatwick Airport in London crashed minutes...

NewsWorld

Nigerian Media Amplifies U.S. Narrative to Undermine China’s Role in Resource Competition for Local Investments

Some Nigerian local media organisations have been entangled in an intentional and...