UPDATE!!! LADOL is in the news again. This is just too much

A THREAD

If u still remember, Ladol was sanctioned by Nigerian Port Authority (NPA) for shortchanging the federal government of 16b naira which led to the land lease agreement being revoked for the violation of terms. The land was situated at Takwa Bay, Lagos. It was revoked via a letter

In november last year. NPA granted fresh lease on new terms to Ladol, Do u know that all Ladol did was just to ignore the weight of this allegation n provided no explanation whatsoever. This is clearly a non challant attitude on their part.

Ladol bypassed it's own landlord (NPA) n went ahead against the sanction by getting the President's approval, instead of being submissive to the EFCC, Ladol proceeded to telling lies against the investors. Ladol claimed that before 2013 that the free zone was fully operational

Ladol claimed they had functional faculties to attract investors. Funny enough, the free zone was nothing but a swamp back then so where r all these lies coming from? Why cant Ladol mention the investments that existed before 2013. Just imagine, the only serious investment

Ladol can boast of was built by foreign investors which is fabrication and interpretation. Ladol claimed to be a champion of local content when all they did was to provide water, electricity and boat services to investors who came to promote local content.Where exactly r the jobs

And opportunities Ladol created to promote local content? Ladol has frustrated investors n sent them parking instead of encouraging them to invest n aid development.
Ladol lied that the foreign investors seized the land. Click here to read more of this https://leadership.ng/2020/07/15/ladols-many-lies-over-npas-n16bn-allegation/