Landmark Beach is seeking N42 billion in compensation from the Federal Government after demolition of its properties for the Lagos-Calabar Coastal Highway project.
Landmark Beach is seeking compensation from the Federal Government following the demolition of its properties valued at N42 billion.
The management of Landmark Group stated that the demolished structures included essential buildings and infrastructure, resulting in nearly a 50% revenue loss.
They are actively pursuing appropriate compensation to rebuild and sustain the livelihoods of thousands affected.
The demolition, which began on April 29, 2024, was due to Landmark Beach Resort's encroachment on the Lagos-Calabar Coastal Highway Right-of-Way.
Despite the federal government disbursing N2.75 billion as initial compensation to affected property owners, Landmark Beach has yet to receive any compensation.
The resort management highlighted the lack of consultation regarding the coastal highway’s alignment and the Environmental Impact Assessment's impact.
They emphasize the need for government compensation to restart operations and support small businesses dependent on the resort.
