December 8, 2021

HATCHET JOB, FAKE NEWS: OSINBAJO HAS ZERO INTEREST IN THE COLLAPSED GERRARD ROAD, IKOYI PROPERTY

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initial design was for 8 floors so the foundation was designed for only 8 floors. His first approval was for 8 storeys, but he continued construction so when he got to the 10th floor, he was arrested with his workers and taken to Alausa in a black Maria. He sorted himself out and obtained approval for 15 storeys for which he paid the official amount. He was released and the site reopened with Governor’s approval. Only the Governor gives approval for a stop order or reopen order on multistorey developments. The land is owned by the VP Osibajo and he is an investor in the development. The developer- Femi Osibona who used to sell t-shirts in Abuja market is living in another property which belongs to the VP adjacent to The Gerrard Rd development. As of last week, he has two latest Rolls Royce cars parked in his compound which he just bought. The whole episode stinks and the can of worms will be opened eventually. This may consume the VP’s political ambition. Sanwo-Olu suspended the GM of the Lagos Agency for effect. The guy has no power to close or reopen any multistorey development without obtaining the consent of the Governor. Construction is our business. The real culprits will be exposed eventually. VP & Sanwo are culpable. It’s their investment.

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