Ambode revokes Falomo shopping centre contract awarded by Fashola
Have y'all heard the rumours? Looks like our new governor is not a big
fan of the old governor. Some things I hear but let's leave that alone
and concentrate on this story. The Lagos state governor today revoked
the contract for the redevelopment of the Falomo shopping center which
was awarded by Fashola. According to a statement from his Chief Press
Secretary Habib Aruna, the governor terminated the contract because it
was not in the interest of residents in the state.
He said only N50million was paid by the
concessionaire, Afriland Properties, for a 50-year lease of the property
belonging to the government. Mr Aruna added that the state governor is
committed to the restructuring of the LSDPC to ensure it yielded
positive capital returns to the state government for the ultimate
benefit of the people.
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