Oyo Govt Commences Payment Of Compensation To Property Owners Acquired For Construction Of Iwo Road Bus Terminals
Bode Akinbode, Ibadan
Oyo State Government on Wednesday commenced payment of N325 million compensation to property owners acquired for the construction of two bus terminals at Iwo Road interchange Ibadan.
The State Commissioner for Public Works, Prof. Daud Sangodoyin presented cheques to some of the property owners at the State Secretariat Agodi Ibadan.
Sangodoyin said 227 affected property owners who have no litigation on their property would benefit from the gesture.
According to him, state government is building two bus terminals at Iwo Road and these terminals occupied some private properties and we are paying their compensation amounting to N325 million.
Sangodoyin further explained that due process was followed before arriving at the amounts to be paid to the respective property owners.
He said three Ministries were in charge of the valuation of the properties, “the Ministries are Lands & Survey, Justice and Public Works.
“They have done valuation of the properties base on their respective professional experiences.”
He added that Gov. Seyi Makinde had rebuilt a mosque demonished as a result of the bus terminals construction with about N700million and he had also paid N50 million to owner of the affected church building.
Two of the beneficiaries, Alhaji Jimoh Amodu and Mrs Abiola Adekoya, appreciated the state government for fulfilling its promise on the compensation..
Crime5 days ago
Soldier Shoots Okada Man, Kills Nursing Mother, Baby Over N200
News5 days ago
Labour Party Wins Two Lagos Assembly Seats, As APC Clinches 38
News4 days ago
Why I Named My New Baby After Only Female Olofin Adimula, Luwo Gbagida-Oluwo
News5 days ago
Sultan Gives Fresh Update About 2023 Ramadan