The Nigerian Minister of Works, David Umahi, has expressed concern that ongoing legal disputes surrounding the Winhomes development project could potentially undermine the Tinubu administration’s relationship with diaspora investors. In a recent interview on Arise Television, Umahi emphasized the federal government’s commitment to protecting legitimate investments while ensuring transparency and accountability in infrastructure projects.
Umahi addressed concerns regarding the Lagos-Calabar Coastal Highway and the controversial Winhomes project, responding to allegations made against him and the government. He criticized the circulation of damaging information, which he claimed could create unwarranted fear among investors. The minister argued that misinformation about infrastructure costs and property disputes could have a negative impact on investment.
According to Umahi, the Winhomes issue revolves around land transactions and alleged discrepancies in the CEO’s dealings. He stated that the CEO of Winhomes bought 12 hectares of land from villagers in 2022 for 50 million naira. However, Umahi noted that investors had contacted him, claiming that two brothers had bought five hectares of land, while another person had purchased an additional five hectares. Umahi pointed out that these transactions had taken place in 2021, prior to the CEO’s alleged purchase of the land in 2022.
Umahi reiterated the government’s commitment to resolving the issue and protecting the interests of all parties involved. He emphasized that the government would not allow the Winhomes dispute to damage its relationship with diaspora investors. The minister’s statement comes as the government seeks to attract foreign investment and promote economic growth. The resolution of the Winhomes dispute will be closely watched, as it has significant implications for Nigeria’s investment climate and its ability to attract diaspora investors.
