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Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa (1680 Views)

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Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by MCentral: 10:25am On May 24, 2024
Landmark Africa a tourism development company is set to rebound from the recent demolition of its Lagos beachfront property which cost it N42 billion in losses and half its revenues by investing new beachfront projects in two Nigerian states and three West African nations.

“We are presently in discussions with a collection of investors who have shown keen interest in jointly rebuilding the greatest tourism platform in West Africa. We have identified a couple of attractive waterfront sites for purchase and are determined to move on from the pain and devastation to not just survive as a business but thrive,” Landmark Africa said in a statement released today.

“We are also pleased to announce that we are having in-depth discussions with three West African countries and 2 states in Nigeria regarding developing beachfront tourism in their localities.”

Landmark saw parts of its beachfront property recently demolished for a 700-kilometer (434 miles) $13 billion, Atlantic coastal road linking the commercial hub of Lagos to Calabar in the oil-rich Niger Delta.

The 27-year-old Landmark Group has been in business in Nigeria for over 20 years and in this period has attracted over $100m in foreign and domestic investment .

Landmark says it identified its current beachfront property in 2005, made payments for it in 2006 and had unhindered access to the shoreline ever since.

“We registered our title to our property and secured formal rights from our lessor to develop the beachfront into what is now known as the Landmark Beach,” Landmark Group said.

The firm also spent millions of dollars to shore up its beachfront shoreline against ocean surges between 2012 and 2016.

https://moneycentral.com.ng/exclusive/article/landmark-loses-n42bn-from-demolitions-to-relaunch-in-two-states-west-africa/

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by olisaEze(m): 10:32am On May 24, 2024
The deed is already done, their historic hate & bigotry against their fellow countrymen exposed. After tearing down investments, they’re wondering why foreign investors are shy of them …..madness! grin. Big Pharma, relocated back to home countries. TotalEnergies $6 billion deepwater project, relocated to Angola. The Arabs that live & breathe investments want nothing to do with the first Muslim-Muslim govt of Nigeria! The Lagos that was neither designed nor built by the Yoruba, is slowly being unraveled by the Yoruba while the rest of the country looks on. Politics of hate never brings prosperity. Just take a look at the middle-eastern nations that have been focused on antisemitic policies, the Jews keep developing while they have remained on a steady course back to the dark ages! grin

24 Likes 1 Share

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Dafresh: 10:41am On May 24, 2024
I know he will surely bounce back. Now the road have been abandoned due to submarine cable, they should destroy everything that will block that project, even if it's include destroying ASO Rock, the project must go as plan, but David no be only you get monopoly of demolition, one day your house/ Estate in Uburu will be marked for demolition for second Ebonyi international Airport

6 Likes

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Bulldozer90: 11:01am On May 24, 2024
Better late than never
Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Ttipsy(f): 11:32am On May 24, 2024
They destroyed your flourishing business to construct a road in a beach front, where is that done?

5 Likes

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by WeddingParol: 11:37am On May 24, 2024
If landmark lose 41bn to demolition, how much is the landmark facilities itself?


Ipob news grin

9 Likes 5 Shares

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Basic123: 12:00pm On May 24, 2024
olisaEze:
The deed is already done, their historic hate & bigotry against their fellow countrymen exposed. After tearing down investments, they’re wondering why foreign investors are shy of them …..madness! grin. Big Pharma, relocated back to home countries. TotalEnergies $6 billion deepwater project, relocated to Angola. The Arabs that live & breathe investments want nothing to do with the first Muslim-Muslim govt of Nigeria! The Lagos that was neither designed nor built by the Yoruba, is slowly being unraveled by the Yoruba while the rest of the country looks on. Politics of hate has never brought prosperity to anyone. Just take a look at the middle-eastern nations that have been focused on antisemitism foreign policies, the Jews keep developing while they have remained on a steady course back to the dark ages! grin

Igbo and bitterness 😆

See rants!

Chai!

30 Likes 1 Share

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Ezmans: 12:13pm On May 24, 2024
Dafresh:
I know he will surely bounce back. Now the road have been abandoned due to submarine cable, they should destroy everything that will block that project, even if it's include destroying ASO Rock, the project must go as plan, but David no be only you get monopoly of demolition, one day your house/ Estate in Uburu will be marked for demolition for second Ebonyi international Airport
the first poster colour airport is not working you are talking of 2nd airport
Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by kedeojo(m): 12:15pm On May 24, 2024
Dafresh:
I know he will surely bounce back. Now the road have been abandoned due to submarine cable, they should destroy everything that will block that project, even if it's include destroying ASO Rock, the project must go as plan, but David no be only you get monopoly of demolition, one day your house/ Estate in Uburu will be marked for demolition for second Ebonyi international Airport
you are just an illiterate, where did you heard that. Always telling lies that is just you people's hobby. The sub marine cable is a section the road was to be diverted but have to now follow the initial road design. The community is not even close to main Ajah not of talking of VI were the beach is located. If you reside in island you will see the rapid progress of the road and the federal government has announced the starting of the calabar and akwa ibom this month, early than the initial July date. I have not seen a single south south person condemning the road. Why must it be you people always, abi they use bad news baptized una.

5 Likes 1 Share

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Paraman: 12:45pm On May 24, 2024
Dafresh:
I know he will surely bounce back. Now the road have been abandoned due to submarine cable
A lot of you keep on making ignorant statements about this project. A project that's ongoing at a fast pace at Eleko as we speak, it's what you're claiming from your one room apartment in Onitsha that it's abandoned because of submarine cables

2 Likes 1 Share

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Racoon(m): 12:46pm On May 24, 2024
That is the resilient spirit of the average Igbo man.

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by hammer567: 12:48pm On May 24, 2024
olisaEze:
The deed is already done, their historic hate & bigotry against their fellow countrymen exposed. After tearing down investments, they’re wondering why foreign investors are shy of them …..madness! grin. Big Pharma, relocated back to home countries. TotalEnergies $6 billion deepwater project, relocated to Angola. The Arabs that live & breathe investments want nothing to do with the first Muslim-Muslim govt of Nigeria! The Lagos that was neither designed nor built by the Yoruba, is slowly being unraveled by the Yoruba while the rest of the country looks on. Politics of hate never brings prosperity. Just take a look at the middle-eastern nations that have been focused on antisemitic policies, the Jews keep developing while they have remained on a steady course back to the dark ages! grin


MICROSOFT IS INVESTING 4BILLION DOLLARS IN KENYA, AFTER CLOSING DOWN THEIR BSUINESS IN NIGERIA.



APC HAVE REALLY DONE THEIR WORST.


THE WORST PARTY IN HISTORY OF NIGERIA.

7 Likes 1 Share

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by garykoeman: 12:49pm On May 24, 2024
WeddingParol:
If landmark lose 41bn to demolition, how much is the landmark facilities itself?


Ipob news grin

U should know them by now.

Audio billionaire.

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Melagros(m): 1:19pm On May 24, 2024
COMRADES, Tinubu is too small to chase Igbos out of Lagos

2 Likes

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by idahme(m): 1:21pm On May 24, 2024
WeddingParol:
If landmark lose 41bn to demolition, how much is the landmark facilities itself?


Ipob news grin


Get sense once in your life time is that too much to ask?

2 Likes 1 Share

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by aguluobi: 1:57pm On May 24, 2024
Why just 42 billion when I was thinking it should be 42 trillion pounds


MCentral:
Landmark Africa a tourism development company is set to rebound from the recent demolition of its Lagos beachfront property which cost it N42 billion in losses and half its revenues by investing new beachfront projects in two Nigerian states and three West African nations.

“We are presently in discussions with a collection of investors who have shown keen interest in jointly rebuilding the greatest tourism platform in West Africa. We have identified a couple of attractive waterfront sites for purchase and are determined to move on from the pain and devastation to not just survive as a business but thrive,” Landmark Africa said in a statement released today.

“We are also pleased to announce that we are having in-depth discussions with three West African countries and 2 states in Nigeria regarding developing beachfront tourism in their localities.”

Landmark saw parts of its beachfront property recently demolished for a 700-kilometer (434 miles) $13 billion, Atlantic coastal road linking the commercial hub of Lagos to Calabar in the oil-rich Niger Delta.

The 27-year-old Landmark Group has been in business in Nigeria for over 20 years and in this period has attracted over $100m in foreign and domestic investment .

Landmark says it identified its current beachfront property in 2005, made payments for it in 2006 and had unhindered access to the shoreline ever since.

“We registered our title to our property and secured formal rights from our lessor to develop the beachfront into what is now known as the Landmark Beach,” Landmark Group said.

The firm also spent millions of dollars to shore up its beachfront shoreline against ocean surges between 2012 and 2016.

https://moneycentral.com.ng/exclusive/article/landmark-loses-n42bn-from-demolitions-to-relaunch-in-two-states-west-africa/

2 Likes

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by HitlerWasRight: 2:06pm On May 24, 2024
No be only 42bn nah 420 Trillion.

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by HitlerWasRight: 2:07pm On May 24, 2024
idahme:



Get sense once in your life time is that too much to ask?

And he was so stupid to invest such amount on federal land?

You people should learn to lie softly.

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by LegendHero(m): 2:08pm On May 24, 2024
42 billion lol.

Below is the 42 billion investment demolished. Landmark CEO definitely have done form of problem with figures.

14 Likes 1 Share

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by christejames(m): 2:28pm On May 24, 2024
That's good...




Can't imagine a spineless govt destroying the little economics around...

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by HitlerWasRight: 2:32pm On May 24, 2024
christejames:
That's good...




Can't imagine a spineless govt destroying the little economics around...

Take it to your SE .
Your investment is no longer appreciated elsewhere .


Investment that will lead to you dragging ownership of the land with the indigenes is not and will never be appreciated.

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by AcadaWriter: 3:16pm On May 24, 2024
No be only 42bn nah 420 Trillion.

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by toneroforever(m): 3:19pm On May 24, 2024
Melagros:
COMRADES, Tinubu is too small to chase Igbos out of Lagos

He is micro-small.
It kinda eats them up how we seem to forge ahead despite their wickedness.
If we trade places and they experience half of the adversities and malicious attacks we've faced, they all would have been IDPs by now.
Looks like that "demon" they like to attach to their name has completely taken a hold of them.

2 Likes

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by HitlerWasRight: 3:26pm On May 24, 2024
toneroforever:


He is micro-small.
It kinda eats them up how we seem to forge ahead despite their wickedness.
If we trade places and they experience half of the adversities and malicious attacks we've faced, they all would have been IDPs by now.
Looks like that "demon" they like to attach to their name has completely taken a hold of them.

Dem plant Una placenta for Lagos nah.

From clamouring for state if residence to replace state if origins , to declaring Lagos no man's land it is painfully obvious you will never ever abandon Lagos for your Hobbesian homelands

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Pennywise2: 3:29pm On May 24, 2024
Hmmm say all u want to say. U can't say why are this people complaining, why are they acting as victims, why this why that,

If it's true that government has realign the road area, then it's the government fault for not listening. They leave so many clues for complaining and making people upset
Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by toneroforever(m): 3:56pm On May 24, 2024
HitlerWasRight:


Dem plant Una placenta for Lagos nah.

From clamouring for state if residence to replace state if origins , to declaring Lagos no man's land it is painfully obvious you will never ever abandon Lagos for your Hobbesian homelands

Shame no dey catch you.
I know that's the wish of most of your tribesmen so they can get a chance to own a property in their region.
Nobody is dragging ownership of Lagos with you unless the person is just being mischievous.
Stop bragging with Lagos oga. It was a former Federal capital. The colonialists, later the Nigerian FG, business corporations, your people,people from other tribes as well especially the Igbos invested heavily & own properties there.
The other SW towns like Ibadan,Abeokuta,Akure,Osogbo & Ado Ekiti is your typical SW town.

1 Like

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by HitlerWasRight: 3:57pm On May 24, 2024
toneroforever:


Shame no dey catch you.
I know that's the wish of most of your tribesmen so they can get a chance to own a property in their region.
Stop bragging with Lagos oga. It was a former Federal capital. The colonialists, corporations, people from other tribes especially Igbos heavily own properties there.

Come and crown your Eze of Lagos .

2 Likes

Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by WeddingParol: 4:02pm On May 24, 2024
idahme:



Get sense once in your life time is that too much to ask?

First get one for your father
Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by toneroforever(m): 4:16pm On May 24, 2024
HitlerWasRight:


Come and crown your Eze of Lagos .

grin grin grin
That's not necessary. I don't subscribe to that.
You don't seem to get it.
Lagos is in the SW & belongs to you guys,ok.
But it's development was not just by Yorubas.
In fact you have to attribute it first to the colonialists,the FG, corporations which developed it into a land filled with opportunities.
Then Yorubas as well as people from other tribes came in and built up the place and invested heavily
FYI, people from other regions of this country have more properties and investments in the SW( 95% because of Lagos) than the Yorubas have in any of those regions.
I hope you get it now
Re: Landmark Loses N42bn From Demolitions To Relaunch In Two States, West Africa by Jagaban2012: 4:17pm On May 24, 2024
obi peter must definitely have something to say about this....let's go to his X account ...he is used to dropping some clueless comments concerning unconcern matters. perhaps he is currently attending a burial ceremony of an unknown person...he is a jobless political failure like some of scalawag on Nairaland who drop garbage comments

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