Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,156,804 members, 7,831,621 topics. Date: Friday, 17 May 2024 at 10:39 PM

FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today (18181 Views)

Bolaji Ariyo’s Mamichula Beach Lost Virtually Everything For Coastal Highway / ‘Buildings Will Go Down’ — Wike Assumes Office, Vows More Demolitions / Northern Traders Call-Off Strike, Say FG Agreed To Pay N4.75bn Compensation (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by nairalandkachy1: 1:34pm On May 01
The Minister of Works, David Umahi, has announced that the federal government plans to pay N2.75 billion as compensation to property owners affected by the demolition required for the construction of the Lagos-Calabar Coastal Highway today, Wednesday, May 1.

Umahi said that the highway is projected to stretch from channel 0 to channel 3.

He announced this during a stakeholders meeting held in Lagos today.

According to him, more compensation is expected to be paid in the coming days.

https://thenationonlineng.net/breaking-fg-to-pay-n2-75bn-compensation-for-coastal-highway-demolitions-today/amp/

9 Likes 1 Share

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Curious345: 1:41pm On May 01
Landmark alone is entitled to over N350b

. $200m x ₦1,288= ₦257. 6b

Then add 37% of ₦257.6b to compensate for interest on loans obtained..

~~~₦257.6 + ₦95.312b = ₦352.912b is what tinubu should pay landmark ltd

46 Likes 3 Shares

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by vowiski(m): 1:47pm On May 01
Nigeria government ..

Clowns…

For a useless highway that will not get completed in 50 years time.

European or western governments will never do this.

71 Likes 3 Shares

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by freemanq(m): 1:49pm On May 01
Very low how much is cost of building materials now and how much is the land?

6 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Kenochi(m): 1:51pm On May 01
This is a very good initiative by the Federal Government,it shows that they are really ready to walk their talk.And as for the compensation,be sure that it is only those who have perfected their titles that are entitled to any type of compensation
This is why I keep telling property owners that it is not enough to buy a property,you must make sure you do your Survey,Get a Deed of Assignment, Governor's Consent or Certificate of Occupancy
If you are yet to do any form of documentation on your land or are interested in getting good property with titles along the Ibeju Lekki Industrial Hub,kindly visit my signature

15 Likes 2 Shares

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Beggersarenotal: 1:55pm On May 01
Curious345:
Landmark alone is entitled to over N350b

. $200m x ₦1,288= ₦257. 6b

Then add 37% of ₦257.6b to compensate for interest on loans obtained..

~~~₦257.6 + ₦95.312b = ₦352.912b is what tinubu should pay landmark ltd


You are very funny, so you think FG will cough out ₦352.912b to landmark? Just dey play.

The entire budget of osun state for 2024 is less than 300billion.

If landmark see 5billion naira he should thank his stars. You think tinubu doesn't know all those tricks. Just dey play

28 Likes 2 Shares

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Melagros(m): 1:55pm On May 01
COMRADES, we don't want to hear in the afterwards of the so-called compensation then the owners of the demolished properties to come out with negative news, because I don't trust apc at all

5 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Akwamkpuruamu: 2:06pm On May 01
Curious345:
Landmark alone is entitled to over N350b

. $200m x ₦1,288= ₦257. 6b

Then add 37% of ₦257.6b to compensate for interest on loans obtained..

~~~₦257.6 + ₦95.312b = ₦352.912b is what tinubu should pay landmark ltd

Tinubu will rather die than pay an Igbo man such amount of money. Even being high on whites, no reach here

3 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by gaby(m): 2:06pm On May 01
The Maths keeps refusing to Math.

E get where person go throw fable reach even him go halla for one quiet corner say "Na wa for me oh"...

This government dey confused and overwhelmed.

8 Likes 1 Share

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Creamypie(m): 2:07pm On May 01
Opportunist who capitalised on pdp crack, the exit of peoplle like obj, anenih and ogbemudia to unite acn with cpc and breakeaway npdp to from apc and first present Buhari and then himself as he thinks he was the most popular westerner . uniting west with north .useless. Old thief.

9 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by NwaNimo1(m): 2:07pm On May 01
No mans land......

3 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Akwamkpuruamu: 2:07pm On May 01
Unfortunately this is another white elephant project like Amaechi monorail and Ajaokuta steel company

16 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Boyooosa(m): 2:07pm On May 01
Curious345:
Landmark alone is entitled to over N350b

. $200m x ₦1,288= ₦257. 6b

Then add 37% of ₦257.6b to compensate for interest on loans obtained..

~~~₦257.6 + ₦95.312b = ₦352.912b is what tinubu should pay landmark ltd


Thank God you are a good citizen of Nigeria, kindly add the remaining N350bn, the fg will be willing to compensate with just N2.912bn going by your calculation.

Thanx
Tinubu loves you!

14 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Truthsandtrusts: 2:08pm On May 01
Curious345:
Landmark alone is entitled to over N350b

. $200m x ₦1,288= ₦257. 6b

Then add 37% of ₦257.6b to compensate for interest on loans obtained..

~~~₦257.6 + ₦95.312b = ₦352.912b is what tinubu should pay landmark ltd







No that is what Tinubu should pay you nonsense analysis,who landmark help?

12 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Bobby4090: 2:08pm On May 01
You only receive compensation if your personal land is taken or if your approved building is destroyed. Landmark didn't have any personal land taken because the beach is public property and no regular building of theirs was destroyed. They are entitled to zero compensation and accordingly got none.
Landmark was only trying to blackmail the government into allowing them to keep using the beach illegally without buying it or paying rent on it. They recruited Peter Obi in their propaganda war with Federal Government but failed woefully. Thank God the road continues.

32 Likes 2 Shares

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by socialmediaman: 2:08pm On May 01
Will probably end up in some people’s private akants

The real victims/beneficiaries will get their money 10 years later after several court cases and public cries for help

We know them Betta than they think we do

I didn’t mention names lipsrsealed

4 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Truthsandtrusts: 2:08pm On May 01
vowiski:
Nigeria government ..

Clowns…

For a useless highway that will not get completed in 50 years time.

European or western governments will never do this.








Shut up what's your own contributions to the society if not to come internet to write rubbish

13 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Ikaeniyan0: 2:09pm On May 01
Landmark Beach $200 million investment that was destroyed

8 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Khyrvxjzy: 2:09pm On May 01
Curious345:
Landmark alone is entitled to over N350b

. $200m x ₦1,288= ₦257. 6b

Then add 37% of ₦257.6b to compensate for interest on loans obtained..

~~~₦257.6 + ₦95.312b = ₦352.912b is what tinubu should pay landmark ltd

approximately 10 trillion dollar

5 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Dpharisee: 2:09pm On May 01
The desperation about this project is questionable

7 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Khyrvxjzy: 2:09pm On May 01
k

2 Likes 1 Share

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by onatisi(m): 2:09pm On May 01
this is complete madness, infect it is obvious Tinubu government will be a completely unparalleled disaster and a total waste of time for Nigerians. the man doesn't seem to have a grasps of anything, it seems he is just like a second Buhari hust signing any document presented to him. no wonder Buhari and his team said it that Nigerians will praise Buhari after he leaves office, they seem to have known the kind of man coming in to take his place

vowiski:
Nigeria government ..

Clowns…

For a useless highway that will not get completed in 50 years time.

European or western governments will never do this.

3 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by Khyrvxjzy: 2:10pm On May 01
pay landmark nothing

3 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by emkz: 2:10pm On May 01
Instead of Landmark CEO to be proactive, he went to the media to whip up ethnic sentiments against the project.

Turns out not even a significant portion of his business was affected. His only grouse was that he'd lose the beachfront.

Why didn't he come out to state it like that? No, he instead sponsored social media attacks against Federal Government and attacked FG for not taking permission from him before building coastal road through land that rightfully belongs to Federal Government.

Right now, there are social media posts where some people are asking their people not to invest in Lagos. How did a project turn into an ethnic fight?

Remember that yesterday, Peter Obi, latched on the mob and "ordered" the government to immediately stop the project to protect businesses. In Obi's myopic view, there is no benefit of building the coastal road in Lagos, and rural communities in the Niger Delta. He also prophesied that the project would be abandoned.

It is politics for him, not about development!

Dear voters, remember your interest is paramount and you must only vote for politicians who genuinely care about your future and want to bring development to your area. Just like they supported Emefiele’s naira repainting project that wiped off more than 15 trillion from our economy, they are at ut again. Himself and Atiku. Do not fall into the trap of being led by visionless, lousy lousers, who have no capacity for forward and progressive thinking.

Know your enemies today, and do not be deceived.

By the way, when the Kano-Maradi railway commenced, why didn't Peter Obi and Atiku fight it?

21 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by OkayDaddy: 2:10pm On May 01
See them

1 Like

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by ThunderFireAgba: 2:11pm On May 01
How much will Landmark Group receive?
Hope LASG compensated them enough with another Beach front?

1 Like

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by vanitybutiwanti: 2:11pm On May 01
Curious345:
Landmark alone is entitled to over N350b

. $200m x ₦1,288= ₦257. 6b

Then add 37% of ₦257.6b to compensate for interest on loans obtained..

~~~₦257.6 + ₦95.312b = ₦352.912b is what tinubu should pay landmark ltd
300b for what? Was his property demolished? Do you really believe that landmark is worth $200m? Have you been to landmark?

15 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by xukwaa: 2:12pm On May 01
Curious345:
Landmark alone is entitled to over N350b

. $200m x ₦1,288= ₦257. 6b

Then add 37% of ₦257.6b to compensate for interest on loans obtained..

~~~₦257.6 + ₦95.312b = ₦352.912b is what tinubu should pay landmark ltd
If you want to criticize, criticize well even if you cannot be reached or based in Trinidad and Tobago...You no fit dey 9ja dey comment nonsense!

6 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by SoNature(m): 2:12pm On May 01
Immediately those beneficiaries receive their, na Japa straight! Nigeria is not a sane country!
Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by OnionBandit(f): 2:12pm On May 01
Hoebi!

Shame no dey catch you? Your tenure as governor witnessed broad day light demolition without compensation going to any of those who suffered from your bulldozing..Is this not ruthlessness? And na you still get mouth dey criticise this act of humanity pass. No be hypocrisy be that?

9 Likes

Re: FG To Pay N2.75bn Compensation For Coastal Highway Demolitions Today by bigdammyj: 2:12pm On May 01
Noted.

(1) (2) (3) (4) (Reply)

Who Is The Best First Lady Nigeria Has Ever Had? / Confusion Deepens In Ogun PDP As Kashamu Launches Governorship Campaign / Ekweremadu: Frustrate Sales Of Electric Cars In Nigeria To Sell Our Crude Oil

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 30
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.