‘We are victims, not aggressors’ – South Energyx claims it lost N87b in Lagos-Calabar Road Realignment

South Energyx Nigeria Limited has claimed it lost N87 billion, an estimated cost of the reclamation/sand filling it did in realignment to the Lagos-Calabar Road.

This was disclosed by the Assistant Public Relations Officer of the company, Larry Akanbi, during an interview with TheNation.

Amidst the rift between Landmark Beach and South Energyx, he stated that the land they reclaimed is where the coastal road will now pass through

During the interview, Akanbi expressed his frustration with the prevailing narrative and lamented that a misleading perception is being propagated, one that paints Eko Atlantic City as a threat that would turn their (Landmark) beach into dry ground.

He argued that this unfairly casts them as aggressors rather than victims in the public’s eyes.

“To put the records straight, we are the victims here and not the aggressors, as we are made to look like,” Akanbi reiterated.

He added that the federal government shifted the right of way (ROW) of the coastal road, bending it into the land reclaimed by them legally to save some valuable structures at the Landmark Centre.

Akanbi confirmed that the Water Corporation Road was the original alignment the government planned to use, but they later realised that if they started from that end, the demolition would be more massive than the current situation.

“The government, in its wisdom, committed itself to less demolition. There is hardly any severe demolition right now in the sense that what has happened really does not affect any of Landmark’s structures; what has been consumed is the beach,” he added.

Meanwhile, findings obtained from the Eko Atlantic website show that South Energyx Nigeria Limited, a subsidiary of the Nigeria-based Chagoury Group of Companies – Eko Atlantic City as developers and city planners is in a “strategic partnership” with the Lagos State Government and Federal Government of Nigeria.

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