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Group To Buhari: Recover FG’s N16bn From Lagos Free Zone

LAGOS – Sequel to the recent revelation by the Nigerian Ports Authority (NPA) that it revoked the land lease agree­ment signed with the Lagos Deep Offshore Logistics Base (LADOL) because LADOL shortchanged the Federal Government, a group, Concerned Maritime Stakeholders (CMS),has implored President Mu­hammadu Buhari to recover the N16.1 billion from the Lagos Free Zone operator.

LADOL was also accused by the NPA of violating the terms of the land lease at Tarkwa Bay, near Light House Beach in Lagos.

The NPA revoked the lease through a letter dated November 14, 2019 and addressed to the Managing Director of Messrs Global Resources Management Limited (GRML), the parent company of LADOL.

 

   
   

 

ABUJA DOCTOR REVEALS HOW MOST NIGERIA MEN ARE NOW OVERCOMING TERRIBLE BEDROOM PERFORMANCE  DUE TO THIS BRILLIANT DISCOVERY. DONT BE A VICTIM!

According to NPA, LADOL also shortchanged the Federal Govern­ment by subleasing 11.2426 hectares of land out of the total 121 hectares leased to it at outrageous amount of money without recourse to NPA.

NPA revealed that LADOL col­lected the sum of $45 million (N16. 2billion) from a third party for the 11.2426 hectares of land for which it paid only $524,105 (N37.73 million) to NPA.

Reacting to the revelation by the NPA, the group urged Buhari to direct the Economic and Finan­cial Crimes Commission (EFCC) to probe NPA’s allegation, recover the underpayment and prosecute all those involved in shortchanging the government.

Mr. Idris Sanusi, Secretary of the group, on Sunday, urged the new Chief of Staff to the President, Prof. Ibrahim Gambari to draw the attention of the president to NPA’s sensitive allegation.

Source : independent.ng

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