American Investors in Uproar Over $250M Lagos Property Demolition

A group of American investors gathered in Houston, Texas, to protest the recent demolition of the $250 million Winhomes Estate in the Okun Ajah area of Lagos State. The demonstrators, holding placards with strong messages, called on President Bola Tinubu to intervene and address what they described as the “destruction of their investments” by Minister of Works, Dave Umahi.

Speaking at the protest, Stella Ifeoma, CEO of Winhomes Global Services Limited, emphasized that the demolished property was legally acquired. “We own 17.03 hectares of land in Okun Ajah, Etiosa LGA, Lagos State, with all necessary approvals, including the governor’s consent and a Certificate of Occupancy. Our investment represents the hard-earned savings of Nigerians in the diaspora and foreign nationals looking for a secure home,” she said.

Due Diligence and Legal Ownership

According to Ifeoma, extensive due diligence was conducted before acquiring the land, and government documentation confirmed the property was not within the Lagos-Calabar Coastal Road alignment. “We possess a Right of Way clearance from the Lagos State Government confirming that our land is free from all encumbrances,” she stated.

She further alleged that despite initial assurances from Minister Dave Umahi, the demolition was carried out unlawfully. “Umahi deviated from the approved road alignment, targeting properties that were not in its path while allowing structures directly on the alignment to remain. His actions disregard a Federal High Court ruling that halted any construction activities until the case is resolved,” Ifeoma added.

Calls for Investigation and Accountability

The protesters accused Minister Umahi of incompetence and demanded his removal. They urged President Tinubu to investigate the demolition process, calling for full transparency and accountability.

“Mr. President, we call for a thorough investigation into these illegal demolitions and the corruption behind them. Transparency is non-negotiable; accountability is essential. We must hold our leaders to the highest standards to ensure justice and fairness for all Nigerians,” the group declared.

They also demanded that project plans affecting citizens’ properties be made public, ensuring that affected voices are heard before any action is taken.

Conclusion

The American investors vowed to continue their fight for justice, stating they would not relent until Nigerian leaders are held accountable for their actions. Their protest signals a growing concern among foreign investors regarding property rights, transparency, and governance in Nigeria.