Megamound Investment Limited has denied claims circulating on some social media platforms that a two-storey building, which collapsed on Tuesday, January 29, 2025, at Mobile Road, Inikpa, in the Ikota area of Ajah, is located within its estate.

The company made the rebuttal via a press statement signed by its Managing Director/Chief Executive Officer, Olumide Osunsina.

It stated, “Our attention has been drawn to some alarming and misleading news items stating that a building collapsed inside Lekky County Homes, one of our estates developed and being managed by Megamound Investment Limited, located within the Ikota-Ajah axis.

“We categorically confirm that no building within Lekky County Homes collapsed and not at any time before. Upon further investigation, we were able to ascertain that the incident involving a building collapse is entirely unrelated to our estate and pertains to a structure located far outside our Lekky County Homes estate. This unfortunate incident has no connection whatsoever to our developments or Lekky County Homes.”

Whilst urging everyone to exercise caution and refrain from spreading false information, rumours, and unverified claims about the incident, the company also warned that any individual or entity found disseminating misleading or defamatory statements regarding the issue may be subjected to legal action, including but not limited to claims for defamation, damages, and other legal remedies available under the law.

It concluded, “Megamound Investment Limited maintains the highest standards of safety and quality in construction in all our projects, and any attempt to undermine our reputation will be met with the full force of the law.”

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