Thursday, 20 August 2015

Governor Ambode revokes Falomo Shopping Centre contract.

INSPECTION: Governor Akinwunmi Ambode of Lagos State (middle) with the Secretary to the State Government, Mr Tunji Bello (2nd right) and member, Lagos State House of Assembly, Hon. Bisi Yusuf (left) during the Governor’s inspection of Ayetoro road, Ipaja-Ayobo, yesterday.

Lagos State Governor Akinwunmi Ambode of Lagos State, yesterday, revoked the concession granted by the Lagos State Development and Property Corporation, LSDPC, to Afriland Properties for the redevelopment of the Falomo Shopping Centre, Ikoyi. He also issued stern warning to contractors handling various road projects in the state against shoddy jobs, saying the state would not accept any act that will cause untold hardship for the residents.

The revocation order was contained in a statement by Chief Press Secretary to the Governor, Mr. Habib Aruna, saying the decision was taken based on a recent discovery that the concession was grossly detrimental to the interests of the people of the state.
According to him, only N50million was paid by the concessionaire, Afriland Properties, for a 50-year lease of the property belonging to the government.
He said the state government as custodian of the interests of Lagosians is committed to the restructuring of the LSDPC to ensure it begins to provide positive capital returns for the ultimate benefit of the people.


source:Punch

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