Governor Akinwunmi Ambode of Lagos State, yesterday, revoked the concession granted by the Lagos State Development and Property Corporation, LSDPC, to Afriland Properties for the redevelopment of the Falomo Shopping Centre, Ikoyi. He also issued stern warning to contractors handling various road projects in the state against shoddy jobs, saying the state would not accept any act that will cause untold hardship for the residents.
The revocation order was contained in a statement by Chief Press Secretary to the Governor, Mr. Habib Aruna, saying the decision was taken based on a recent discovery that the concession was grossly detrimental to the interests of the people of the state.
According to him, only N50million was paid by the concessionaire, Afriland Properties, for a 50-year lease of the property belonging to the government.