The Management of Landmark Beach in Lagos has presented a N42 billion compensation claim to the Nigerian Government for the demolition of its infrastructure, which took place in April 2024 as part of the Lagos-Calabar Coastal Highway Project.
Landmark officials assert that the demolished structures included vital assets within their operation’s framework, resulting in a significant revenue loss accounting for nearly half of the company’s income.
This public statement marks the first instance where Landmark Beach has placed a monetary figure on the damages sustained from the April demolition.
The company is actively negotiating with the government for fair compensation to reconstruct its facilities and establish a new beachfront, with a view to assist those families and small enterprises that were affected.
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The impetus for the demolition, undertaken on April 29, 2024, was identified as an infringement on the designated Right-of-Way for the coastal highway project.
The management of Landmark Beach disclosed that they had not received prior consultation regarding the planned highway route or the assessments of its environmental impact.
While the Federal Government has initiated compensations for affected properties, remitting N2.75 billion to some proprietors as part of the first round, Landmark Beach noted that they had been excluded from this initial dispersion.
Concurrently, Works Minister David Umahi announced on Friday plans to re-route portions of the Lagos-Calabar Coastal Highway, including a total diversion away from the Okun-Ajah sector in Eti-Osa Local Government Area, to avoid the disruption of underwater cables.
