A group of American investors gathered in Houston, Texas, to protest the recent demolition of a $250 million Winhomes property in Lagos, Nigeria.
The protesters, who assembled with placards, called on the Nigerian government to address their concerns over the demolition of their investment.
The Chief Executive Officer of Winhomes Global Services LTD, Engr. Stella Ifeoma, speaking during the protest, stated: “We are the legal owners of 17.03 hectares of land in Okun Ajah, Eti Osa LGA, Lagos State. As the CEO, I coordinate properties for numerous Nigerians and foreign nationals in the diaspora who have invested in our initiative to promote development in Nigeria and Africa.”
She explained that the group carried out due diligence before acquiring the demolished property, securing necessary government approvals, including the Governor’s Consent and a Certificate of Occupancy.
“Furthermore, we obtained a Right of Way clearance from the Lagos State government, confirming that the land is free from all encumbrances and is not within the designated alignment of the Lagos-Calabar Coastal Road,” she added.
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She noted that concerns about the project alignment arose in 2022 but initially did not cause alarm. However, after the appointment of the current Minister of Works, changes were made to the alignment, affecting properties previously considered safe.
The protesters urged President Bola Tinubu to investigate the matter and ensure transparency in government projects affecting private investments.
“Mr. President, we call for a thorough investigation into the process that led to these demolitions. Transparency is non-negotiable, and accountability is essential. We must ensure that the rights of investors and citizens are respected.”
They also requested that affected parties be included in discussions regarding the project and emphasized the need for clear communication from authorities.