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The administration of Landmark Seaside mentioned it’s searching for compensation from the Federal Authorities over the demolition of its properties estimated at N42 billion in whole.
In a press release signed by the administration of Landmark Group, the corporate famous that the demolished properties included supporting buildings and infrastructure to the Landmark ecosystem.
The assertion additionally disclosed that the demolition resulted within the lack of practically half of the corporate’s income.
It additionally highlighted that they’re actively pursuing acceptable compensation from the Federal Authorities.
This marks the primary time the resort centre has quantified the monetary sum of its demolished properties in a public assertion since its demolition in April.
“We’re presently selecting up the items following the demolition of just about N42 billion value of supporting infrastructure and buildings, and the lack of practically half our Firm income.
“We’re targeted on working with the Authorities to obtain sufficient compensation required to jumpstart the remainder of the as soon as thriving Landmark a part of the Landmark Ecosystem and a brand new family-centric seashore in a special waterfront location.
“This can assist to protect the sustenance of the 1000’s of households whose livelihoods have been threatened by the demolition in addition to recreate a platform for most of the small and micro companies that have been incubated on the Landmark Seaside and adjoining seashore resorts that have been not too long ago demolished,” the assertion learn partially.
Backstory
Nairametrics had earlier reported that the demolition of constructions at Landmark Seaside Resort in Oniru, Victoria Island, commenced on April 29, 2024, on account of its encroachment on the Proper-of-Manner of the Lagos-Calabar Coastal Freeway.
- The demolition of a part of the Landmark Seaside Resort occurred two weeks after sand filling was executed on some parts of the Landmark Seaside Resort.
- As well as, the administration of Landmark Seaside Resort said that they’ve by no means been formally consulted concerning the coastal freeway’s alignment, nor have they been engaged in discussions relating to the Environmental Affect Evaluation (EIA) of the undertaking’s influence on Landmark.
- On Saturday, April 27, 2024, nonetheless, in accordance with the demolition announcement made by the Federal Authorities, some seashores in Lagos, together with the Mami Chula Seaside Way of life part, have been pulled down.
Compensation from FG
In the meantime, the Federal Authorities mentioned early this month that it had commenced the fee of the primary batch of compensation to property homeowners impacted by demolitions required for the development of the Lagos-Calabar Coastal Freeway, overlaying from channel 0 to channel 3.
- David Umahi, the Minister of Works, made this disclosure in a press release throughout a stakeholders assembly held in Lagos State.
- The Federal Authorities disbursed the full quantity of N2.75 billion as the primary fee to property homeowners affected by the demolition.
- Umahi, who addressed the property homeowners and stakeholders, mentioned the fee is simply a flag-off, and extra compensation is predicted to be paid within the coming days.
- It’s worthy of observe that Landmark Seaside was not amongst these compensated within the first batch by the Federal Authorities.
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