This is happening at a time the Eko Atlantic City project is gaining traction, with banks and top companies, international organisations as well as foreign governments including the United States Consulate in Lagos acquiring parcels of land in the place.
The allocation, given to the company, was for the development of The Palladium Project , a coastal city that would be characterised by five districts, cutting-edge infrastructure and technology such as found in model cities in Asia, the UAE and certain parts of Europe. A copy of one of the letters written by the then governor Tinubu to President Obasanjo, which was made available to our correspondent, urged the Commander-in-Chief to sign off on the allocation due to the economic benefits that would accrue to the state as a result of the investment.
In an interview with our correspondent, CEO of Sea Global Energy Company Ltd, Osagie, claimed that South Energyx, in the course of delivering its Eko Atlantic City project, with the backing of the state government, encroached upon 44.348 hectares of land initially allocated by the Federal Government in 2003.