Ambode Indicts Fashola, Cancels Contract For Falomon Shopping Mall – Entertainment Express

2 min read

Home / News / Ambode Indicts Fashola, Cancels Contract For Falomon Shopping Mall

By on August 20, 2015


Lagos State Governor, Ambode Akinwunmi has indicted his predecessor,  Babatunde Raji Fashola on the award for Falomo Shopping Centre, Ikoyi.

The government on Wednesday terminated the concession granted by the Lagos State Development and Property Corporation under the Fashola administration by Afriland Properties for the redevelopment of the complex

In a statement, Governor Akinwunmi Ambode’s Chief Press Secretary, Mr. Habib Aruna, said the governor approved the termination of the project based on a recent discovery that the concession was “grossly detrimental to the interests of the people of the state”.

The statement said, “Only N50m was paid by the concessionaire for a 50-year lease of the property belonging to the government.

“The 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 to the state for the ultimate benefit of the people.”

The statement added that Ambode recently relieved the former Managing Director of the LSDPC, Mr. Biodun Oki, of his appointment and appointed Mr. Jacob Agosu as acting M.D, of the Corporation to stem the tide of negative capital returns of the corporation.

Related Items

← Previous Story Dangote Foundation Launches Free Medical Services In Katsina

Next Story → Ekiti State Speaker Rejects Fayose’s Offer Of Appointment

  • Box Office

    We review the films they have made most of this year in the world, where they dominate Dis…
  • News from Entertainment Industry

    What is the future of media and entertainment? The entertainment and media industry is und…
  • Entertaining Online Games

    Many players like to play with their friends or against unknown opponents online. To do th…
  • Oscars 2019

    Peter Farrelly’s Green Book won the award for Best Film in the 91st edition of the O…
Load More Related Articles

Check Also

Plateau State University Appoints Prof. Attahiru Jega As Pro Chancellor – Entertainment Express

By Ayeotan SholaPlateau State Government has today announced the appointment of  The …