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Oluwafemi Awodele
4 weeks ago
Overview
The Chief Executive Officer and Founder of Landmark Beach Resort, Paul Onwuanibe said that the federal government has refused to compensate the company nearly nine months after the demolition of his over $200m beach resort in Oniru, Lagos State.
He said, “We were issued a seven-day notice. I mean, to be fair, it took another two or three months before it came. Till today, nobody picked up the phone, called me or wrote to me personally and said here is the issue we have or here is what is going to happen.
” That site we bought in 2006, 18 years ago and we paid $17m in 2006. We borrowed $30m to develop that beach. The pain and the hurt is that we spent $30m developing the infrastructure on that beach.
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