• Monday, February 03, 2025
businessday logo

BusinessDay

Megamound says collapsed Ikota building not in its estate

Abia demolishes illegal structures in Aba for state-owned hotel

Megamound Investment Limited, a property development firm has rebutted the news making the rounds in some sections of the social media alleging that a two-storey building that collapsed on Tuesday January 29, 2025 at the Ikota area of Ajah is located in its estate.

Olumide Osunsina, managing director/ chief executive officer of Megamound said in a statement that such information is “alarming and misleading”, stressing that the firm “maintains the highest standards of safety and quality in construction in all our projects”.

“We categorically confirm that no building within Lekky County Homes collapsed and not at any time before. Upon further investigation, we were to ascertain that the incident involving a building collapse is entirely unrelated to our estate and pertains to a structure located far outside our Lekky County Homes Estate.

Read also: New Lagos estate development offers buyers, investors opportunity

“This unfortunate incident has no connection whatsoever to our developments or Lekky County Homes,” Osunsina said.

While urging everyone to exercise caution and refrain from spreading false information, rumours and unverified claims about the incident, the company also warns that it would take legal actions against those spreading such news.

“Any individual or entity found disseminating misleading or defamatory statements regarding the issue may be subject to legal action, including but not limited to claims for defamation, damages and other legal remedies available under the law”

Megamound prides itself in the areas of construction, real estate development, management, dredging and financial intermediation.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp