A group of American investors has called on President Bola Ahmed Tinubu to intervene in a dispute involving the destruction of its N375 billion investment in real estate.
The investors, under the aegis of the Association of Nigerians in Diaspora, claimed that a senior government official ordered the demolition of their properties, worth $250 million, in Okun Ajah, Lagos State, despite having the necessary certifications and approvals.
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At a news conference, the Managing Director of Winhomes Global Services Limited, Stella Ifeoma Okengwu, an engineer, alleged that the officials’ actions reveal a pattern of illegal demolition and manipulation.
A 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 some officials.
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.