Business Risks: Invest in Lagos at your own peril – Maryanne Moghalu warns

Date:

Must Read

Atiku knocks Rivers LG polls as “travesty of democracy,” urges opposition to reject results

Former Vice President of Nigeria, Atiku Abubakar, has publicly...

Kaduna: Police accused of supporting state-backed APC thugs that attacked El-Rufai, ADC

A political meeting organized by the African Democratic Congress...

2027: Jonathan’s Presidential bid will cripple Tinubu in the South — APC

The All Progressives Congress (APC) Media Network has raised...

APC wins 20 councils , PDP takes 3 in Rivers LG elections

The Rivers State Independent Electoral Commission (RSIEC) has announced...

No right-thinking northerner will vote Tinubu in 2027 – Lamido

Former Governor of Jigawa State and senior member of...

Maryanne Moghalu, spouse of Kingsley Moghalu, the former Young Progressive Party presidential candidate, issues a stark caution to investors in Lagos State amidst rising concerns over business security.

Her warning comes in the wake of a recent demolition at Landmark Beach, part of the Mami Chula Beach Lifestyle, to make way for the Lagos-Calabar Coastal Highway.

The demolition process was initiated after an inspection of the 13th, 16th, and 20th kilometres by the Minister of Works, Senator Dave Umahi. The inspection aimed to identify the most cost-effective and feasible route for the coastal roads with minimal damage. Umahi underscored that the demolition would affect numerous structures and mentioned the allocation of compensation.

In response to the demolition, Moghalu cautioned on Tuesday that investments in Lagos come with inherent risks.

In the midst of these developments, Arise News Correspondent Laila Johnson-Salami seeks clarity on whether the project has secured final approval from the Federal Ministry of Environment or if any exemptions have been granted

spot_imgspot_imgspot_img

Latest News

logo-nn-news-small
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.