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NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
The Lagos-Calabar Coastal Highway because of which landed properties were demolished
A group of American investors has called on President Bola Ahmed Tinubu to intervene in a dispute involving the destruction of their N375 billion investment in real estate.
The investors, under the aegis of the Association of Nigerians in Diaspora, claim that the Minister of Works, Engr. David Nweze Umahi, ordered the demolition of their properties, worth $250 million, in Okun Ajah, Lagos State, despite having the necessary certifications and approvals.
During a world press conference, the Managing Director of Winhomes Global Services Limited, Engr. Stella Ifeoma Okengwu, alleged that Umahi’s actions reveal a pattern of illegal demolition, abuse of power, bribery, corruption, and manipulation.
The letter stated that the investors had made significant contributions to Nigeria’s economy, repatriating $250 million in foreign direct investment, but had faced unjust treatment at the hands of the Ministry of Works.
The investors are seeking President Tinubu’s immediate intervention to rescue their investment and restore faith in Nigeria’s governance and the rule of law.
The situation has sparked concerns about the impact on Nigeria’s economy and the confidence of foreign investors. (Daily Trust)
