The federal government has taken steps to compensate property owners affected by the construction of the 700km Lagos-Calabar coastal highway project by establishing a compensation verification committee.
Report has it that the Minister of Works, David Umahi, revealed that verified claims would be settled within 72 hours by the contractor, Hitech Construction Ltd.
Umahi clarified that compensation would only be provided to property owners with proven titles. He noted that shanties and properties within the 250m shoreline setback without federal government titles would not receive compensation, citing legal constraints.
However, compensation for such titles would require a Presidential waiver, if deemed appropriate. Speaking during the inauguration of the committee in Abuja on Thursday, Umahi directed the committee to complete its mandate within 10 days.
“I know very well that no amount given will satisfy those affected, but we are bound by the law, so we are using federal rates which are higher than Lagos State compensation rate in paying compensation. The moment the property owners sign after filing the necessary documents and bank accounts, and within 72 hours, we will authorise payment.
“The contractor is going to be paying directly to all those who are affected. The contractor is going to pay directly to all those affected. This, we are committed to doing, this verification exercise starts in Lagos on Wednesday”.
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