We lost N87bn to Lagos-Calabar Coastal road project – Eko Atlantic City owners
South Energyx Nigeria Limited, owners of the Eko Atlantic City in Lagos, is bemoaning the loss of about N87 billion, an estimated cost of the reclamation/sand filling it did to the realignment of the Lagos-Calabar Coastal Road.
He lamented the wrong narrative where the public is meant to believe that Eko Atlantic City further reclamation would eventually turn their beach to dry ground, thus dressing them in the cloak of aggressors in the eyes of the public.
Akanbi said: “To put the records straight, we are the victims here and not the aggressors, as we are made to look like.
“The Federal Government, shifted the right of way (ROW) of the coastal road, bending it into the land reclaimed by us legally to save some valuable structures at the Landmark Centre.”
Akanbi said the Water Corporation Road was the original alignment government planned to use but they later realised that if they start from that end, by the time they get to where Queens Event Centre is, the demolition would be more massive than what we have.
He added: “The government in their wisdom committed themselves to less demolition. In fact, there is hardly any serious demolition right now in the sense that what has happened really is not like any of the structure of Landmark is affected; what has been consumed is the beach.
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“Our position is that, you did not even own the beach, where you are using today, as the beach is part of our land -Eko Atlantic city – and that ideally you should be paying us money but we have not asked you for any money because we were not in need of the land then.
“Now, what the Federal Government has even done is to save some of the structures because they said if they go by their original alignment, it will consume part of the Event Centre and the Mall. What this means is that Eko Atlantic City itself will suffer loss of land because the coastal road now enters into the land of Eko Atlantic City. ‘‘
“You know two parties are involved now, there is the federal government’s coastal road, there’s is Eko Atlantic City by the South Energyx, and because they shifted the ROW, the road now enters into our Eko Atlantic city, meaning that we are losing N87 billion for all the land that we reclaimed to sell to Developers which the Coastal highway has encroached on”.
“Again, another point that should be validly made to owner of Landmark Centre is that the beach he is claiming to ownership of is that by the time the Eko Atlantic City sand fills, and reclamation gets to that place, there would be no beach again. So, whether he like it or not, now or in the near future, that beach will not be there again”.
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