Lagos-Calabar Road: Group seeks Tinubu's intervention over investor compensation
The Committee of Youth on Mobilisation and Sensitisation (CYMS) has called on President Bola Ahmed Tinubu to intervene in a dispute involving Winhomes Global Services Limited and diaspora investors affected
The Committee of Youth on Mobilisation and Sensitisation (CYMS) has called on President Bola Ahmed Tinubu to intervene in a dispute involving Winhomes Global Services Limited and diaspora investors affected by the Lagos-Calabar Coastal Road project.
In a statement jointly signed by Chief Obinna Nwaka, Director General of CYMS, and Hon. Tayo Tola Agbaje, Chairman of Renewed Hope Concern Citizens, the group expressed concern over what it described as delays in resolving compensation issues related to the project.
The statement noted that some investors were yet to receive compensation following the demolition of a Winhomes estate linked to the project.
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The group also calls for clarification from relevant authorities to ensure transparency and adherence to due process.
“It necessitates immediate clarification from the highest levels of government to ensure that due process has been observed and that actions taken align with established legal standards,” the statement added.
CYMS warned that the situation, if not addressed, could affect investor confidence and Nigeria’s attractiveness to both local and foreign investors.
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The group urged the President to provide clarity on the circumstances surrounding the demolition and to ensure that all affected parties are treated fairly in line with existing laws.
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It also called on the Federal Ministry of Works to provide further details on the legal framework guiding the project, while encouraging appropriate oversight institutions to review the matter where necessary.
In addition, the group appealed to the Association of Nigerian Diaspora Investors to suspend its planned protest and world press conference scheduled for April 20 in Washington, D.C., pending the outcome of engagements with the government.
“We are pleading with Mr. President to do everything within his powers to address the concerns raised and restore the confidence of investors,” the statement said.
