The Oyo State government has paid over N100 million as compensation to a business owner whose property along the Ajia-Egbeda road, was demolished to pave the way for the construction of the ongoing circular road in tbe state capital.
The cheque was presented to Messers Fasbok Global Resource Limited, Ajia Egbeda, Ibadan, by the Permanent Secretary in the Ministry of Lands, Housing and Urban Development, Mrs Mofoluke Adebiyi, on Friday.
Presenting the cheque of part payment to the owner of the company, she said the Oyo State government supports industrial development.
Recall that the Oyo State government had earlier compensated farmers along that project route, after which their produce was valued by the state Ministry of Agriculture and Natural Resources.
The Permanent Secretary added that Messers Fasbok Global Resources Limited’s property was affected in the construction of the circular road project by the state government.
The victim, name withheld, appreciated the state governor, Seyi Makinde, for his love and passion for the people of Oyo State.
He said, “I had mixed feelings, because it is more than a year that the company was demolished, I had to borrow money to start my business from the scratch again, with the promise that we will be compensated very soon.
“Today, I thank God and the government as I have collected the compensation, I looked forward to.”
