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Nairaland Forum / Nairaland / General / Politics / Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy (1163 Views)
Demolition Will Continue In Lagos Aje, Oju Eje / Landmark Demolition: I'm Glad I Left Nigeria - Tayo Aina / Fact Check: How True Are Claims By Tinubu Shettima About Size Of Lagos Economy? (2) (3) (4)
Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by MrEverest(m): 2:48am On Jun 17 |
Two critical events that happened in Lagos recently, in quick succession, is going to deal a devastating blow to an economy that is already facing a significant decline. The first was the demolition of Landmark. A sort of aquatic fantasyland in Lagos that attracted lots of fun seekers. Unfortunately, the state government woke up one day and decided to destroy the assets estimated to be worth over $250 million dollars! However, the owner of Landmark did something remarkable. He didn’t take it calmly but rather fought back by giving it massive publicity. The news went viral both locally and internationally. It sent a red flag to other Nigerians and indeed the international community that Lagos is not a safe place to invest. When Lagos state government realized about the damaging publicity it generated, they tried to use some PR stunt to control it but it was too late. The second is the shocking news of the kidnapping of the owner of LG brand representative in Nigeria, Fouani. He was kidnapped in Lagos and the kidnappers are demanding for $1.5 million dollars as ransom!!! To put this into proper contest, throughout the time kidnapping was taking place in Niger Delta, never for once did they kidnap such high profile personality. Same with Northern Nigeria. They only targeted or were only able to kidnap average local or foreign nationals who were unfortunate to be at the wrong place, at the wrong time. But to kidnap one of the richest foreign investors living in Nigeria, in broad day light, in Lagos The worst is that all these are happening at a time when there is an unprecedented exodus of foreign and local investments from Lagos. Would this be the beginning of the end of a city that once rivaled Nairobi, Cairo, Jo’burg as the prime destinations for investors in Africa 4 Likes 2 Shares |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by seanfer(m): 6:04am On Jun 17 |
Delusional as usual? 6 Likes 1 Share |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by san4P(m): 6:31am On Jun 17 |
Kidnapping is same as man-stealing... So a kidnapper is a man-stealer... according to the Holy Bible... Kidnapping will cease in Nigeria when every kidnapper knows nothing else but death sentence await such... I commiserate with Mr Fouani... and pray for his speedy release... |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by NaijaCowFarm: 7:19am On Jun 17 |
seanfer:Are you not the one deluded here? Go and ask people in Warri how far! 4 Likes 1 Share |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by helinues: 7:20am On Jun 17 |
We have advised you people to relocate back to where you came from Stop disturbing us with victim mentality crying all the time 14 Likes 1 Share |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by 72virginGATEWAY: 7:23am On Jun 17 |
helinues: Helinues find work 6 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by BigkokoRep: 7:25am On Jun 17 |
Local investment is at an all time low for the past 20 years in Lagos. They think the market won't reacts. Well, I'm glad Sawo Olu is already smelling the coffee! 69% of local investors, mainly of the Igbo speaking SE, are already thinking SE & SS to site their branches and holdings! MrEverest: 1 Like 1 Share |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by BigkokoRep: 7:27am On Jun 17 |
Warri own pain me do much! The Oil City of Warri.....the only Oil City Nigeria has is now a ghost of itself. Few years ago when I drove past Ogunu and jakpa, Omo na Keke bros them use they use hold body ohh! NaijaCowFarm: 2 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by Mrexcell(m): 8:39am On Jun 17 |
This is what u get when hardened criminals are running a country and a state. 3 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by Mrexcell(m): 8:42am On Jun 17 |
BigkokoRep: Warri own is even because the oil and gas is still there but lagos economy depends heavily on foreign investors and taxes. 4 Likes 2 Shares |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by seanfer(m): 8:45am On Jun 17 |
NaijaCowFarm: Your region has been experiencing killings on a weekly basis, you never deem it right to write any epistle on how that is affecting the economy of the region. But here you're so obsessed with Lagos State just because of 2 incidents and you're here writing your imagination. How many people were killed in Anambra last Friday when gunmen attacked the vigilantes? Did you write about that? What did you write about the self imposed sit at home in the East? 8 Likes 1 Share |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by DeLaRue: 8:58am On Jun 17 |
Mrexcell: Lagos economy does not depend heavily on foreign investors. The ones there are not doing Lagos or Nigeria a favour. They're there to help themselves - to make money. Are Nigerians doing business in Ghana, Ivory Coast etc doing those countries a favour 5 Likes 2 Shares |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by MrEverest(m): 9:03am On Jun 17 |
You don’t seem to get the point. Kidnapping of Fouani is perhaps the most high profile kidnapping of a foreigner in Nigeria, in history. During the Niger Delta kidnapping era, they were only targeting mid-level oil workers. However, when a high profile international investor like Fouani is kidnapped in Lagos and the kidnappers are demanding $1.5 million dollars, it will definitely deal a devastating blow on the economy. It proves a point that no foreign investor is safe in Lagos. No 2. When you the state government wakes up one morning and extrajudicially decides to demolish an investment worth hundreds of millions, it will also send a red flag about such a place as toxic. Investors analyze a place critically before they bring in their funds and no investor will overlook those damning issues I listed. seanfer: 4 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by FourQu: 9:37am On Jun 17 |
You all lined up to support and rig into power a zombie like tinubu and expect the security situation in 'our lagos' to remain the same? Joke of the century . . . This is just year 1 and they are still 3 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by Olachase(m): 11:09am On Jun 17 |
MrEverest:don't worry once they can't invest their money in Lagos they are coming to your region to invest, how about that 13 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by seanfer(m): 11:38am On Jun 17 |
Olachase: So APT. 1 Like |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by T9ksy(m): 11:39am On Jun 17 |
Olachase: Abi o jare!! If they can't own lagos, it's better (for these children of , if the city is destroyed however, they have been predicting & prophessing the demise of lagos, for eons but fortunately, our "Aleles" refused to grant their wish. 3 Likes 1 Share |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by blacknp(m): 12:02pm On Jun 17 |
MrEverest:Please unto thee descendants of Ndigbo filled with self hate, stop whatever drugs you are using, it is quite obvious that it is affecting your ability to reason properly. 3 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by blacknp(m): 12:04pm On Jun 17 |
DeLaRue:You dey mind that so called MrEverest? It is his self destruction is his personal bad belle that has dogged his mind. 4 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by hafeeanubasy: 1:27pm On Jun 17 |
BigkokoRep:Within 20yrs? .20billion dollars refinery of dangote will buy the whole Igbo people past and future investments. Remove SS from your miserable connections 3 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by AcadaWriter: 2:23pm On Jun 17 |
Delusional as usual? |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by Buccalcavity2: 2:27pm On Jun 17 |
BigkokoRep:Please support this statement with fact or statistics. Una go just spread false info and make it your reality. Ethnic jingoist. 1 Like |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by PresidObi: 2:42pm On Jun 17 |
DeLaRue: What does Lagos economy depend on? |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by BigkokoRep: 3:28pm On Jun 17 |
Hahaha 🤣🤣🤣🤣 Dangote wey dey hold debts up & down? Abi you no know say na money to pay for the crude oil wey berth off Lagos ports dey hold Dangote refinery!!! Dey wait for Dangote, no go tell una people to start dey hustle like human beings! hafeeanubasy: 2 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by hmohammed(m): 3:33pm On Jun 17 |
MrEverest: All these easterners and bad news. The East will never come close to the North not to talk of the South West. Please take a mental note of this fact. 2 Likes |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by christejames(m): 3:36pm On Jun 17 |
Does Lagos still have economy? Forget the facade. |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by hafeeanubasy: 3:36pm On Jun 17 |
BigkokoRep:Post like someone wey get sense na 😆 |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by BigkokoRep: 4:14pm On Jun 17 |
Hahaha 🤣 🤣 🤣 🤣 Siddon there dey wait for Dangote, no go find something do to improve the economy! Even if na carpenter, at all, at all na witch. Dangote wey dey owe $3.2B debt naim this lazy youth dey wait for! hafeeanubasy: |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by MrEverest(m): 5:17pm On Jun 17 |
hmohammed: Lol, this one is hiding as fake Aboki to throw shades. All the real abokis don abandon Tinubu since, only a few paid ones are left. By the way, which North are you referring to? I hope it’s not Northern Nigeria because it’s currently the worst geographical area in the world today. A completely failed region with bandits controlling territories and running their own governments. A place where hundred people could be killed today and no one will report it because it’s no longer news😆😆 Northern Nigeria with 90% extreme poverty and the poverty is still growing😆😆 Northern Nigeria that is currently worse than Somalia, Sudan, and Yemen put together Things have gotten so bad that for Islamic North that Middle belt had to hurriedly cut off links with them. Pathetic 🤡🤡 |
Re: Kidnapping Of LG Boss & Landmark Demolition Will Devastate Lagos Economy by MrEverest(m): 5:19pm On Jun 17 |
BigkokoRep: 😂😂😂😂😂 |
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