Tribune OnlineTribune OnlineTribune Online
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
Reading: Punuka investment faults ex-commissioner’s claim over Lekki setbacks
Share
Notification Show More
Font ResizerAa
Tribune OnlineTribune Online
Font ResizerAa
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
  • About Us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Advertise
Have an existing account? Sign In
Follow US
© 2026 African Newspapers of Nigeria Plc. All Rights Reserved. | Disclaimer | Privacy Policy | Editorial Policy | Corrections Policy | Terms & Conditions
Home » Punuka investment faults ex-commissioner’s claim over Lekki setbacks
Latest News

Punuka investment faults ex-commissioner’s claim over Lekki setbacks

Yejide Gbenga-Ogundare
June 27, 2024
Share
Punuka investment
Add as a preferred source

Following the petition of former Ekiti State Commissioner for Information, Sir Kayode Otitoju, and his wife Oladunni, to Governor Babajide Sanwo-Olu, over setbacks in Lekki, urging him to order the unsealing of his road setback housing a mechanic workshop in Lekki Phase 1, Punuka Investment Limited has faulted the claims made by the former commissioner, stating that the place was sealed by the Ministry of Water Resources at the instance of the commissioner, Tokunbo Wahab and Punuka Investment.

Otitoju’s wife, in a separate petition to the state House of Assembly, had stated that her farm housing an abattoir in the same location was sealed.

But Punuka Investment, in a statement signed by its legal counsel, Adeyinka Abdulsalam, on Thursday asked the Otitojus to leave it out in ventilating its grievances with the authorities.

The statement reads: “Our attention has been drawn to two publications by Sir Kayode Otitoju and his wife, Oladunni Otitoju, in which our company’s and our director’s names feature.

“We state that PUNUKA Investment Limited is the owner of the property situated at Block A10 Plot 7, Layi Yusuf Crescent, Lekki Peninsula Scheme 1, Lagos.

“The Lagos State Parks and Gardens Agency (LASPARK) is the statutory body established to manage parks, gardens, open spaces, and recreational grounds in Lagos State under the Lagos State Parks and Gardens Agency Law 2011.

“In accordance with the law, PUNUKA Investment Limited applied to LASPARK on August 11, 2020, for the adoption of the setback abutting the property.

“After careful consideration, including the company’s 3-D design for a beautification garden and parking facility there (forwarded to LASPARK by letter dated May 10, 2021), LASPARK granted approval to PUNUKA Investment Limited. This was confirmed in their letter of 12 April 2022.

“PUNUKA Investment Limited was in effective possession of the said setback until agents of Sir Kayode Otitoju trespassed on it and established a mechanic workshop within it.

“PUNUKA Investment Limited, being a law-abiding citizen, sued Sir Kayode Otitoju and his company Jukot Ventures Limited, which he purports got a license to operate a mechanic workshop within the setback and canal culvert. The purported license was obtained while the case was pending.

“Also, specific power over open spaces in the state is vested in LASPARK, not the Ministry of Transport. Further, a mechanic workshop is not a transportation activity within the purvey of the Ministry to allocate an open space.

“While the Ministry can issue licenses, it has no power to allocate an open space for this purpose. It is for the person seeking such a license to provide appropriate land where such activity can be legally operated.

“Only LASPARK can allocate or license open spaces. Sir Otitoju and his company are determined to place various government agencies in conflict through non-disclosure and compromise of the system.

“LASPARK does not license those who adopt open spaces for trading purposes through leases to mechanic and abattoir operators in a residential/commercial highbrow area but for beautification and other environmentally friendly investment and use.

“The lawsuit, SUIT NO: LD/4808CMW/2023, is currently pending before Honourable Justice Olukolu of the High Court of Lagos State, and thus, we are unable to offer further comment on its merits because the matter is sub judice.

“We advise the Otitojus to ventilate whatever grievance they may have against the administrative actions taken by the Ministry of Physical Planning and Urban Development to the appropriate authority and leave the names of our company and our director out of their publications.

“It suffices to state that the Ministry of Physical Planning and Urban Development is responsible for ensuring the proper adherence to Lagos State’s master plan.

“Thus, an area designated for high-end commercial and residential use (such as Lekki’s new downtown of Admiralty Way) should not be used as an abattoir or mechanic workshop. It poses serious environmental risks and devalues significant investments in the area.

“PUNUKA Investment Limited and Dr. Anthony Idigbe SAN reserve their rights with respect to any libellous comments made against their persons,” it added.

PUNUKA Investment Limited is the developer of PAS World Centre, a six-floor mixed-use iconic development in Lekki, designed to accommodate offices, restaurants, shops and other facilities; it is the company’s second investment within Lekki Phase 1, the other being its three-floor International Law Centre, indicating significant investment in the Lagos urban renewal project of the Lagos State government.

The company, which supports Punuka Foundation, a non-profit registered in Nigeria and the USA and the owners of the PUNUKA Foundation Childcare in Sangotedo Lekki Peninsula, which caters to children with special needs and fosters youth development, said it would continue with its investment strategy in Lagos State if the conditions were conducive.

ALSO READ THESE TOP STORIES FROM NIGERIAN TRIBUNE 

  • Rejecting power from military in 1999, our biggest mistake — Sen Shehu Sani

 


WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

  • Back to School, Back to Business A Fresh Start

  • Relationship Hangout: Public vs Private Proposals – Which Truly Wins in Love?

  • “No” Is a Complete Sentence: Why You Should Stop Feeling Guilty

  • Relationship Hangout: Friendship Talk 2025 – How to Be a Good Friend & Big Questions on Friendship

  • Police Overpower Armed Robbers in Ibadan After Fierce Struggle


    Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more.
    Join our WhatsApp Channel now


TAGGED:Punuka investment
Previous Article APM Terminals Healthcare Centre in Lagos APM Terminals Apapa prioritises safety, APM Terminals Apapa recycles discarded tyres, Maritime workers suspend strike, workers shutdown APM Terminals, Angry dockworkers shut down APM, increase efficiency through FBW, APM Terminals Apapa, APM Terminals Apapa commissions digitalised building, APM Terminals Apapa expands yard capacity to enhance Nigeria's non-oil exports GO GREEN: APM Terminals Apapa recycles discarded tyres into flip-flops
Next Article How former Konga boss, Nick Imudia took his life How former Konga boss, Nick Imudia took his life

Most Read

  • How I graduated with 5.00 CGPA — UNILORIN best graduating student
    How I graduated with 5.00 CGPA — UNILORIN best graduating student
  • UPDATED: Court sacks Uzodinma as APC senatorial candidate for Imo West
    UPDATED: Court sacks Uzodinma as APC senatorial candidate for Imo West
  • BREAKING: FG approves N70,000 monthly transport allowance for workers
    BREAKING: FG approves N70,000 monthly transport allowance for workers
  • CDCFIB recruitment reaches final stage as candidates get important notice
    CDCFIB recruitment reaches final stage as candidates get important notice
  • Reps call for immediate review of basic, secondary education curriculum
    Reps call for immediate review of basic, secondary education curriculum
  • Why we need fresh $21.7bn loan — Finance Minister
    Why we need fresh $21.7bn loan — Finance Minister
  • Uche Ogbodo urges women to walk away from marriages that no longer work
    Uche Ogbodo urges women to walk away from marriages that no longer work
  • Abia: NAFDAC secures five-year jail term for businessman over fake olive oil
    Abia: NAFDAC secures five-year jail term for businessman over fake olive oil
  • 4 tactics fuel attendants use to give customers less fuel
    4 tactics fuel attendants use to give customers less fuel
  • Updated guber lists: INEC okays 41, rejects 28 petitions
    Updated guber lists: INEC okays 41, rejects 28 petitions

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune
QUICK LINKS

About Us
Advertise with Us
Contact Us
Privacy Policy
Disclaimer
Editorial Policy
Corrections Policy
Terms & Conditions
COLUMNS

Aplomb
Ask The Doctor
Autoclinic With The Mechanic
Awo's Thought
Empowered For Life
Festus Adebayo's Flickers
Gibbers
Intimacy
Language & Style
Leadership & Management
Lynx Eye
Monday Lines
Mum & Child
Natural Health
Notes from Atlanta with Farooq Kperogi
On The Lord's Day
Your Life Counts

ENTERTAINMENT

Entertainment

RELIGION

Tribune Church
Church News
Muslim Sermon
Eye of Islam
Islamic News

EDITORIAL

Editorial
Opinion
Letters
News Extra

BUSINESS

Capital Market
Money Market

REGIONS

Niger Delta
Arewa
MORE

Sexuality & Health
Special Report
Sports
Tourism
Travelpulse & MICE
Weekend Lagos
Book Review
Education
Event Digest
Crime & Court
Ecoscope
Energy
Maritime
Aviation
Brands & Marketing
Agriculture
Info Tech
Labour
Leadership & Management
Arts & Culture
Arts & Reviews
Politics
Health News
© 2026 African Newspapers of Nigeria Plc. All Rights Reserved. | Disclaimer | Privacy Policy | Editorial Policy | Corrections Policy | Terms & Conditions

Add Tribune Online to your Homescreen!

Add
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?