Lagos Begins Payment Of N11.8bn Compensation To Property Owners — Leadership Newspaper
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Lagos Begins Payment Of N11.8bn Compensation To Property Owners

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Lagos State Government on Tuesday said it has commenced payment of over N11.8billion as compensation to owners of properties demolished to give way for construction of roads, flyovers, ramps and other critical infrastructural projects across the State.

Special Adviser to the Governor on Lands Bureau, Mrs. Yetunde Onabule who disclosed this at the annual Ministerial Press Briefing said the payment was for properties demolished for projects including the Abule Egba road expansion, Epe Road expansion, Lekki International Airport, Pen Cinema flyover, ultra- modern bus terminal in Oyingbo and  upgrading of Muritala Mohammed International Airport Road.

She listed other projects to include Mechanic Village, Gbagada Phase1, Ojokoro Specialist Hospital, construction of Freedom Road/Drainage channel, reconstruction of Agri-Ishawo Konu-Arepo Road, among others.

Onabule said that following the approval of the projects, the State’s Ministry of Physical Planning and Urban Development moved to these areas to determine the Right of Way (ROW) for the proposed projects, while the Lands Bureau carried out a reconnaissance survey and detailed enumeration of about 1,880 properties and claimants affected by the development including residential, commercial, petrol filling stations and religious centres.

“I can confirm to you that in line with the provisions of the Land Use Act 1978, which is the enabling law for the revocation of Right of Occupancy (C of O)and payment of compensation thereof in the country, interest in the affected properties have been promptly revoked.’’

The Special Adviser added that it recorded about N10.2 billion drop from its annual revenue generated from land transactions in 2017.

She explained that the state’s Lands Bureau generated only N10.5billion from land transactions last year, representing over 50 percent short of the N20.7billion it generated in 2016.

Onabule, blamed the sharp reduction in the revenue on the inability of the Bureau to commence the sales of new scheme, adding that revenue generation would improve when the sale of the new land schemes begin.



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