ThunderFireAgba:
How much will Landmark Group receive?
Hope LASG compensated them enough within other Beach front?

umahi said nothing

Other federal roads remain neglected. APC Government build road on dry land and never last 2years want to build road in coastel area.


We are watching

Total waste

Landmark is not entitled to 1kobo as the situation stand now.. instead is Landmark that will pay Lagos state govt and the Oniru family or he take its brand out of that locality.. dubious investor.

Beggersarenotal:



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

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.

most of you Igbo are f..l

oyeb15:
Other federal roads remain neglected. APC Government build road on dry land and never last 2years want to build road in coastel area.


We are watching

another Igbo fl

Ikaeniyan0:
Landmark Beach $200 million investment that was destroyed

Trust me, you have no idea what $200 million means - If you do, you'd realize that the place isn't even worth the amount you mentioned. I advise you to take a closer inspection of the property, you'll notice that it's constructed on the beach or government land. Na Pray we go pray for una.

People who have not being to landmark b4 are the one opening their mouth online
We have 8 beach front resort in that axis
They are not touching thier buildings but canopy facing the beach

God will bless the minister an Igbo man with doings

COPIED

- 100yrs ago, entire place was land owned by the Oniru family.

- ⁠Over a century the beach was lost to the ocean till the erosion started threatening VI till early 2000s

- ⁠2003- BAT engaged Hitech to build the “Wall of Lagos”, reclaim the land and build Eko Atlantic. Reached agreement with Oniru before project on ownership of the land to be reclaimed.

- ⁠2007ish- the idea of the coastal road was birthed, to start from Eko Atlantic.

- ⁠2007 Landmark bought property backing the “ocean” which is e basically land that based on plan will be reclaimed. With a clearly marked fence that ends just before the water that based on plan will be reclaimed.

- ⁠- ⁠2017 ish Landmark went to his “backyard and created a football pitch” on a land that he didn’t buy and was collecting money.

- ⁠2018ish- Landmark continued expanding on land that they didn’t buy, building shanties and charging money.

- ⁠2019-20 Landmark grew bolder and was selling shops space on the beach to businesses. I have to emphasize, on the beach front that he did not buy.

- ⁠Around 2019/20 Oniru beach also opened up.
- ⁠Around 2021, LaCampagne also joined them.

- ⁠2023- Lekki Deep seaport was completed. Opening up additional economic activity on the coastal line.

- ⁠2023- BaT was elected, coastal Hitech revisited their old friend and proposed to start phase 1 that links Eko Atlantic to Deep Seaport

- ⁠2024- project started, Road is supposed to pass through LandMark’s “backyard that they didn’t buy.

- ⁠FG gave notice to everyone including Onirus (that owned the land before it was lost to the sea) and LaCampagne.

- ⁠Everybody knew this day would come, so everybody Jejely vacated land that they know they did not buy. Landmark said lailai and started media rounds.

- ⁠2024- Landmark claimed they have $200m investment on the beach.

- ⁠Umahi visited and conceded that rather than have 100m corridor, the one at his side will be 50m, and gave Landmark engineering tips to retain the tourism.

- ⁠Landmark said coastal road should pass in front of property, not the back. The front is 2 line a road, the coastal road is supposed to be 10 lanes. With 100m corridor. Landmark’s proposal will actually affect the land he bought, if accepted.

- ⁠Last weekend Umahi carried on as planned. Destroyed the shanties on the beach worth “$200m”.

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

So, you believe the figures the owner was rolling out?

If that place is worth 20% of that sum, I would duff my hat.

I am an estate surveyor

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

Na u buy the land for landmark.

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

OLE. for what? Does he own the beach? He's entitled to ZERO.

grandstar:


So, you believe the figures the owner was rolling out?

If that place is worth 20% of that sum, I would duff my hat.

I am an estate surveyor

Don't mind the liars.

Ikaeniyan0:
Landmark Beach $200 million investment that was destroyed

Don't let me say anything

[quote author=Curious345 post=129729535]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[/quote

LOl 1 Kobo, he is not getting, according to the minister. They built on an unapproved area.

grandstar:


So, you believe the figures the owner was rolling out?

If that place is worth 20% of that sum, I would duff my hat.

I am an estate surveyor

I'm sure it's not even worth 10 percent of that especially knowing that he doesn't own the beach.

In the same way, they always claim that they are all Bilionares.

Akwamkpuruamu:


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

look at this one, who is the Minister for works? is it not your brother?

Dpharisee:
The desperation about this project is questionable

Exactly!
Tinubu is desperately rushing to give the contract to his cronies Chagoury brothers who are known to be of dubious character! Hitech does not have the capacity, technical know how and pedigree to do this kind of job. Julius Berger should have been given the contract but there was no tender at all and Hitech was awarded this job.
What at all is the pressing need for this project when there is no reliable electricity nor security in the country for the citizens to be more productive?
It is all about siphoning enough money and kick-backs for Tinubu to further entrench his corrupt influence in all spheres of the country's economy as preparation for 2027 election and beyond

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

Only a tiny part of Landmark was demolished. Don't you read??

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

Will you people keep quiet and stop saying what you don't know? I was condemning the FG till I discovered only the temporary huts and pools in front of landmark was affected. Check the videos online.

No major building belonging to landmark was demolished. All the videos online, it was the by-structures, swimming pools etc that were affected. None of Landmark's building was demolished.

I also hope that when the coastal road is done, you all don't use it since it's a bad idea afterall.

FG is really serious about this project. Means ain’t no white elephant project. No time to waste.

nairalandkachy1:


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

Very commendable

Bobby4090:
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.

But is the project/road truly necessary now, when most of the Federal roads in Nigeria are in a state of disrepair?

The compensation alone should have been properly utilized to fix federal roads.

This project is another that would not be completed in the next 10 years, but fixing federal roads will have immediate positive effect on the economy, commerce, etc in Nigeria.

Kenochi:
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

Well said!

vanitybutiwanti:
300b for what? Was his property demolished? Do you really believe that landmark is worth $200m? Have you been to landmark?

Majority of them crying online don't know where Landmark is located.
In my own estimation and valuation, investment in that place is not up to 30 million dollars in today's prices

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 guys are illiterates 🤦

Ok

I'm selling of my excess airtime.
N900 airtime for N750

Mtn Users Only
Quote Me If Interested

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

Go give am from your pocket,arinya ... $200m ko billion ni

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

It’s like you don’t read the news.

FG is not paying landmark any kobo. His properties were not touched so why will FG pay compensation for their land?

The only people that are being paid are those that have business in those tents that was demolished. Those are being paid already by Umahi.

nairalandkachy1:


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

What I quite don't understand is the haste for this project.Is it really a pressing issue over our myriad of problems in this sorry country?

The project that will soon be abandoned