Collapsed Ikota Building Not in Our Estate, Says Megamound

Fadekemi Ajakaiye

A leading property development firm, Megamound Investment Limited 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 Mobile Road,Inikpa in the Ikota area of Ajah,is located in its Estate.

The company issued a press statement signed by its Managing Director/ Chief Executive Officer, Asiwaju Olumide Osunsina to make the rebuttal:”Our attention has been drawn to some alarming and misleading news items stating that a building collapsed inside Lekky County Homes,one of our estate s developed and being managed by Megamound Investment Limited, located within the Ikota -Ajah axis”.

The statement continued, “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.This unfortunate incident has no connection whatsoever to our developments or Lekky County Homes “.

Whilst urging everyone to exercise caution and refrain from spreading false information, rumours and unverified claims about the incident,the company also warns,”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”

The company concluded in the statement that” Megamound Investment Limited maintains the highest standards of safety and quality in construction in all our projects and any attempt to undermine our reputation will be met with the full force of the law”.

Megamound Investment Limited has carved out a niche for itself in the areas of construction,real estate development, management, dredging and financial intermediation.

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