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Lagos State Acquires Mobil Service Station at Maryland for Demolition

Lagos State government has demolished 11 Plc owned Mobil Service Station at Maryland, Ikeja in Lagos on Monday to create space for the proposed BRT bus park, according to the people familiar with the situation.

In a statement titled “Demolition of Mobil Service Station at Maryland, Ikeja, Lagos” and released on Tuesday by 11 Plc, the company said Lagos State exercised the right of compulsory acquisition for public purpose.

This 11 Plc stated was done by following due process.

It said “This is to inform the shareholders of 11Plc (“Company,”) stakeholders and the general public that the demolition of the Mobil Service Station at Maryland, Lagos State on the 7th December 2020 was carried out pursuant to the valid exercise of the right of compulsory acquisition for public purpose by the Lagos State Government following due process. This notice is for the proper guidance and information of the public and to eschew all form of speculations regarding the incident.”

Inside Mainland, a local news outlet that shared the video of the demolition, said Lagos State officials confirm the site will be used by LAMATA for the proposed BRT bus station.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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