Nigeria Winhomes Coastal Road Dispute
Analysis based on 17 articles · First reported Apr 13, 2026 · Last updated Apr 18, 2026
The unresolved dispute involving Calvados Global Services Limited and diaspora investors, coupled with the alleged unconstitutional demolition order by David Umahi, is negatively impacting Nigeria's investment climate and international reputation. This situation could deter foreign and diaspora investment inflows, leading to a decline in investor confidence in Nigeria.
The Committee of Youth on Mobilisation and Sensitisation (CYMS), along with other groups, has called on President Bola Tinubu to intervene in a prolonged dispute concerning Calvados Global Services Limited and diaspora investors. An estate belonging to Calvados Global Services Limited was demolished for the Lagos-Calabar Coastal Road project, leaving investors uncompensated for over 24 months. This delay, attributed to bureaucratic inefficiency and potential systemic failures, is raising concerns about Nigeria's commitment to due process and the rule of law. The Minister of Works, David Umahi, is reported to have personally ordered the demolition, which has sparked constitutional questions. The situation threatens Nigeria's reputation as an investment-friendly nation and could negatively impact foreign and diaspora investment. The Association of Nigerian Diaspora Investors is planning a protest, but CYMS has appealed for its suspension pending government engagement. Calls for an independent investigation into the matter have also been made.
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