Coastal Highway: Foreign Investor Confidence Under Threat, Tinubu Told

The main enforcement serviceman of Winhomes Global Services Ltd, Engr. Stella Okengwu, has warned that overseas capitalist assurance successful Nigeria is astatine hazard if the national authorities does not code their concerns.
In a connection she issued yesterday, Okengwu accused the curate of Works, Engr David Umahi, of actions that could undermine capitalist spot and the regularisation of law.

She said the task successful question — Winhomes Estate — is simply a $250 cardinal diaspora-backed lodging and tourism improvement designed to beforehand nationalist maturation and pull sustainable overseas investment.

According to her, the inaugural was inspired by President Bola Ahmed Tinubu’s Renewed Hope Agenda and has drawn enactment from Nigerians successful the diaspora and overseas partners.

“We judge successful the Renewed Hope imaginativeness of President Bola Ahmed Tinubu — a imaginativeness that inspired america to put massively successful Nigeria’s future.

“However, the caller actions and nationalist comments of the curate of Works, Engr. David Umahi, person crossed ineligible boundaries and endangered investors’ confidence,” she said.

Okengwu explained that Winhomes legally acquired 20 hectares of land, subdivided into 2,500 plots valued astatine N150 cardinal wrong a serviced property equipped with roads, drainage, libraries, hospitals and perimeter fencing.

She added that astir 400 plots worthy N60 cardinal were affected by the ongoing coastal roadworthy diversion, bringing the full estimated losses to astir ₦85 billion.

“This is diaspora sweat and existent superior — present endangered by ministerial overreach,” she said.

The Winhomes CEO further alleged that the curate invoked the President’s sanction successful a substance inactive earlier the court, calling the enactment “improper and dangerous.”

“This behaviour exposes the President’s bureau to reputational hazard and undermines judicial independence,” she said, citing Section 1(3) of the 1999 Constitution, which upholds the supremacy of the regularisation of law.

Okengwu clarified that the quality remains earlier the Federal High Court successful Lagos (Suit No. FHC/L/CS/10063/25), contrary to reports suggesting a judgement favouring the national government.

“The lawsuit is inactive ongoing earlier Justice Akintayo Aluko. No judgement has been delivered. Any effort to revoke onshore titles mid-case is contemptuous and unconstitutional,” she said.

She besides alleged that the curate visited the disputed tract and declared it nether his power — an enactment she described arsenic “deeply corrosive to Nigeria’s concern climate.”

Addressing questions astir the project’s backing sources, Okengwu said the concern was financed done morganatic fiscal channels specified arsenic Sendwave, MoneyGram, Western Union, and different CBN-regulated platforms.

She added that Winhomes is certified by the Special Control Unit Against Money Laundering (SCUML) nether the Money Laundering (Prevention and Prohibition) Act, 2022, confirming the legitimacy and transparency of each inflows.

“Any proposition that these funds are amerciable is reckless and defamatory. These are lawfully earned funds from hardworking Nigerians abroad,” she said.