Ibadan Circular Road Project: Gov. Makinde Is Capable Of Scaring Away Investors In Oyo State – ENL
The Executive Chairman of ENL Consortium Limited, Prince Clement Haastrup has appealed to well-meaning indigenes of Oyo State to prevail on the state government to respect the rule of law and comply with the terms of the agreement entered with his company on the Ibadan Circular Road project.
He said with the action of Craneburg Company still operating in full swing at the by-pass road of Ibadan Circular Road Project, in disregard to the subsisting order of the court shows, the company and the Oyo State Government were telling Nigerians that they were above the law.
It could be recalled that governor Seyi Makinde revoked the contract awarded to ENL Consortium Limited awarded in 2017 by a former governor of Oyo State, late Abiola Ajimobi, in a Contractor- financed Concessionaire, he (Makinde) was said to have purportedly re-awarded the same contract to Craneburg Company, The action that ENL claimed to be in gross violation of the existing agreement.
ENL Consortium Limited thereafter filed the suit against Craneburg Construction Company, two of its top officials, the Oyo State government, and its Attorney-General, challenging the unlawful termination of the concession agreement awarded to it by the State Government.
ENL is arguing in the Abuja Court that the revocation of the contract award represents a violation of its agreement since it had expended over N3.9bn of its funds for bush clearing, compensation to landowners, drainages, asphalt laying, road networks, and rock blastings.
Adding that his company had since spent over N7bn on equipment purchase and road work without receiving any funds from the Oyo State government, claimed that, within two months of engaging Craneburg Company, Governor Makinde had released a sum of N20 billion to the new contractor in two installments of N10 billion each, explained that, the governor’s unlawful action against ENL Consortium Limited is capable of scaring away investors in Nigeria, especially in Oyo State.
Haastrup also alleged that information at his disposal revealed that defendants in his suit were currently making efforts to mobilize hoodlums to his equipment site to vandalize them, pull down the fence, and chase away his security personnel, adding that the agreement entered with his company in 2017 stipulates that the Company shall remain on site until when fully paid.
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