Litigation Won’t Stop N6.9bn Alade Market Project, Says Ikeja LG

 

The Ikeja Local Government at the weekend said the pending lawsuit before a Lagos High Court would not stop the redevelopment of Alade Market into a mega shopping mall valued at a minimum of N6.9 billion.

The local government added that it had briefed the state governor, Mr. Akinwunmi Ambode and the State House of Assembly about the project, saying both of whom advised that all interests were properly accommodated.

The council's Executive Secretary, Hon. Adekunle Dailey-Adeokun, gave the update at a session with journalists in Ikeja at the weekend. He noted that there was no going back on the relocation of traders from the market.

Asked about the pending lawsuit filed by some concerned traders in the market, the executive secretary explained that the suit “is still at the pre-hearing stage. I hope by the time we seat down, we would understand ourselves better and settle out of court because we belong to the same family.

“What is important is that we are bound to disagree and agree later. One interesting thing is that of the 300 lock-up shops, over 180 of them have responded by paying the mandatory N150, 000. So, majority are on our side. We have the majority are on our side. But the minority must also have their say.”