The Committee of Youth on Mobilisation and Sensitisation (CYMS) has called on President Bola Ahmed Tinubu to urgently intervene in the lingering dispute involving Winhomes Global Services Limited and diaspora investors affected by the Lagos-Calabar Coastal Road project.
In a communiqué jointly signed by Chief Obinna Nwaka and Hon. Tayo Tola Agbaje, the group expressed concern over what it described as a prolonged delay in resolving the matter, noting that investors had yet to receive compensation more than 24 months after the demolition of the Winhomes estate.
The statement, signed by Chief Obinna Nwaka, Director General of CYMS, and Hon. Tayo Tola Agbaje, Chairman of Renewed Hope Concern Citizens, said the situation posed a threat to Nigeria’s reputation as an investment destination.
According to the group, “the unresolved matter jeopardises Nigeria’s reputation as a reliable and investment-friendly nation,” adding that the delay raises “serious questions about bureaucratic inefficiency and potential systemic failures within our governance framework.”
ABUJA — The Committee of Youth on Mobilisation and Sensitisation, CYMS, has called on President Bola Ahmed Tinubu to urgently intervene in the lingering dispute involving Winhomes Global Services Limited and diaspora investors affected by the Lagos-Calabar Coastal Road project.
In a communiqué jointly signed by Chief Obinna Nwaka and Hon. Tayo Tola Agbaje, the group expressed concern over what it described as a prolonged delay in resolving the matter, noting that investors had yet to receive compensation more than 24 months after the demolition of the Winhomes estate.
The statement, signed by Chief Obinna Nwaka, Director General of CYMS, and Hon. Tayo Tola Agbaje, Chairman of Renewed Hope Concern Citizens, said the situation posed a threat to Nigeria’s reputation as an investment destination.
According to the group, “the unresolved matter jeopardises Nigeria’s reputation as a reliable and investment-friendly nation,” adding that the delay raises “serious questions about bureaucratic inefficiency and potential systemic failures within our governance framework.”
CYMS also raised concerns over remarks reportedly made by the Minister of Works, David Umahi, who was said to have claimed responsibility for ordering the demolition of the Winhomes estate.
The group said if such claims were accurate, they raised constitutional questions regarding due process and the exercise of authority in matters affecting private and foreign investments.
“It necessitates immediate clarification from the highest levels of government to ensure that due process has been observed and that actions taken align with established legal standards,” the statement added.
The group stressed that the implications of the dispute extend beyond the affected investors, warning that continued inaction could undermine investor confidence and discourage both local and foreign investments.
It further urged the President to clarify the circumstances surrounding the demolition, ensure that proper procedures were followed and guarantee “fair and prompt compensation for all affected parties.”
CYMS also called on the Federal Ministry of Works to provide a detailed account of the legal basis for the demolition, while urging anti-corruption and oversight agencies to launch an independent investigation into the matter.
The group, however, appealed to the Association of Nigerian Diaspora Investors to suspend its planned protest and world press conference scheduled for April 20 in Washington, D.C., pending the outcome of the President’s intervention.
“We are pleading with Mr. President to do everything within his powers to compensate Winhomes Global Services Limited and restore the confidence of foreign investors,” the statement said.
