Chief Executive Officer of Winhomes Global Services Limited, Engr Stella Okengwu, has expressed gratitude to President Bola Ahmed Tinubu for initiating a dialogue regarding the company's diaspora investment impacted by the Lagos-Calabar Coastal Highway project. This development has brought a sense of hope to the affected investors. Okengwu emphasized that the communication channel opened by the President marks the beginning of efforts to resolve the dispute.
The dispute arose after the demolition of properties as part of the coastal highway project, affecting investments made by Nigerians in the diaspora. Many families had committed their savings and plans to properties in Nigeria, but were left waiting for certainty. Okengwu stated that despite the challenges, the affected investors remain committed to Nigeria and are eager to continue developing their remaining properties.
Okengwu urged the Federal Government to proceed with the payment of compensation to enable the company to continue developing its remaining property. She noted that the investors are still awaiting compensation and the opportunity to return to their remaining property and resume development. The investors aim to transform the affected property into developments that would create economic opportunities and demonstrate confidence in Nigeria.
According to Okengwu, the manner in which the matter is resolved could influence the decisions of Nigerians in the diaspora considering investments in the country. The outcome of this case may serve as a precedent for future investments, with many Nigerians abroad wondering if they should invest back home.
Okengwu emphasized that the affected investors would continue to seek accountability until their compensation is paid. She stated that appreciation for the government's efforts and the demand for accountability can coexist in the search for a resolution. Okengwu thanked the President, his administration, and others involved in efforts to resolve the matter.
The Winhomes boss urged the Federal Government to demonstrate that Nigeria can respond to the concerns of investors when challenges arise. She encouraged Nigerians in the diaspora to continue engaging with the country and maintain confidence in the possibility of resolving investment-related challenges through dialogue.
Okengwu concluded by addressing President Tinubu, stating that he has an opportunity to resolve a dispute that began with the demolition of property by ensuring that the process ends with restoration for affected investors. The next steps should move from dialogue to compensation, rebuilding, and renewed confidence among Nigerians in the diaspora seeking to invest in the country.
Key points
- President Bola Ahmed Tinubu has opened a communication channel with Winhomes Global Services Limited regarding the company's diaspora investment affected by the Lagos-Calabar Coastal Highway project.
- Engr Stella Okengwu has urged the Federal Government to proceed with the payment of compensation to affected investors.
- The resolution of this case may influence the decisions of Nigerians in the diaspora considering investments in the country.
