₦airaland Forum

SmartPolician:
$250m! That's 0.4 trillion naira

The way these people throw numbers around would make you wonder if they are actually talking about USD or defunct Zimbabwean dollars

Funkyswagzz:
Have you also checked if the coastal highway was over priced ?

AntiChristian:
Just because your sister lied doesn't mean you too should!

I don't need to ask that one as that's not discussed in the OP!

emkz:
Can they list the $250million properties that were destroyed?

Where?

I did an analyses on the Landmark properties some months back.



The reason I cite the Landmark example is that real estate investors would tend to inflate their loss to defraud the government.

The following estate was listed:

WinHomes Global Estate

(1) Was WinHome Global Estate constructed on reserved land?

(2) Did the real estate developer go through proper channels to acquire the property?

(3) One thing that completely bothers me is that when these people make claims, they hardly support their claims with evidence, like a quantity surveyor report attesting to the cost of what they claimed was destroyed.

(4) What is the worth of the real estate company to be controlling properties worth $250million?

(5) When your rights are violated, you go to court, not go to the media. Why don't you go to court? If you don't trust the court, why did you trust whoever you trusted when you acquired the properties? Some entities would try to defraud the government and the public by inflating their apparent loss. We saw how Landmark did this and have not sued till today!

(6) Who did you acquire the properties from? What was the history of ownership?

NairalandForumo:
I think you need to get more info about the estate before concluding...

Back to the topic,

When we tell them Tinubu and his government are at fault here on the route, his supporters start throwing insults, there was an original route for the coastal road and everyone who came to invest avoided the route, that includes hotels, telecommunications, real estates and so on, only for Tinubu and his goverment to wake up and decide to change the route destroying people's investment and still trying to blame them for doing the right thing...

And Tinubu supporters expect Nigerians to clap for him and praise him

shivisee:
This obituary people are just lucky that tinubu has a forgiving heart,which is obvious during his time as the lagos state governor, holding the record for employing the highest numbers of ungraten ipod,s empty heads in his government. i mean you goad him everyday that he's part of the individual stagnating the progress of lagos,hence you need to change the governance through chinedu whose mum is from agulu where your package ipod leader and pretender is from! on the othe hand, you keep on wailing and crying over every of his effort to modernize the same lagos!honestly, if i am tinubu, most of you from the 5 barren plots of land inhabiting in lagos will rot in jail.

ufotunang:
I said it this Lagos calabar coastal high way road was not necessary it will come across lot of people bussinesses, properties investments which will lead to destruction of this property and investments..a government that is trying to attract foreign investors and investments is even chasing investors, entrepreneurs away and frustrating them.... renewed hope to renewed shege

Afrojuju2017:
I doubt any estate there could be worth 250million dollars. How many acres are we speaking of here.

Funkyswagzz:
You questioning the amount does not mean the coastal highway cost is spot on. First pick out the sand in your eyes before picking out someone else's hypocrite. We know how you ppl operate and your style is flawed

shivisee:
This obituary people are just lucky that tinubu has a forgiving heart,which is obvious during his time as the lagos state governor, holding the record for employing the highest numbers of ungraten ipod,s empty heads in his government. i mean you goad him everyday that he's part of the individual stagnating the progress of lagos,hence you need to change the governance through chinedu whose mum is from agulu where your package ipod leader and pretender is from! on the othe hand, you keep on wailing and crying over every of his effort to modernize the same lagos!honestly, if i am tinubu, most of you from the 5 barren plots of land inhabiting in lagos will rot in jail.

AntiChristian:
It is your kind when your kin is caught stealing you'll accuse your neighbor of also stealing but not punished!

nwirinedu:
Its just trying to create beachfront properties for foreign investors, but in the end its a pump and dump scheme, there is nothing economically viable in that area, just massive flooding.

Tunde835:
Bro go hustle instead of finding first to comment.

SmartPolician:
$250m! That's 0.4 trillion naira

The way these people throw numbers around would make you wonder if they are actually talking about USD or defunct Zimbabwean dollars

ednut1:
its an estate. And may have over 5000 plots. Do the maths. Its clear you are not smart as your moniker claims.

SmartPolician:
Stop making assumptions and give me the real figures if you have it. How many Nigerians in diaspora have $1 million? Do you?

Funkyswagzz:
Keep talking trash we know who you are back stabbers and corny lot.

AntiChristian:
And you are what?

Ezi or Ewu?

erico2k2:
REST, abeg, you think only 5 persons cant raise such money from diaspora?Do you know howmuch get pumped in by japarians monthly from abroad?

Morbeta11:
https://punchng.com/lagos-calabar-highway-foreign-investors-decry-250m-property-demolition/

planetx:
No be only 5, just one japarian will raise it lol joker.

NairalandForumo:
Acres is different from construction...

Tetrahedron:
Did you notice in all she said that didn’t mention the if the land was genuine or not!

Afrojuju2017:
Have they completed the estate, it would seem it is still under construction, and I still maintain the statement, how many units would need to be built to have a 250million dollar estate.

I live in a place where the unit price is north of £550k with over 300 houses and the estate rebuild value is not even near 80million.

People just throw ridiculous numbers up