Ibadan Circular Road: Oyo pays N5.35 billion compensation to 578 property owners
AI Executive Briefing
Gemini Flash AI~45s readThe Oyo State Government has successfully disbursed over N5.35 billion in compensation to 578 property owners affected by the construction of the first segment of the Ibadan Circular Road. This initiative follows the screening of claims and the execution of Deeds of Indemnity, with Governor Seyi Makinde also approving a reduction in the road setback to 75 metres to accommodate residents.
Context & Background
- ✦The Ibadan Circular Road project is a major infrastructure development spanning 32.2 kilometres from the Lagos-Ibadan Expressway to the Ibadan-Ile-Ife Expressway.
- ✦The state government is managing compensation through two categories: Right of Way claimants and Omission claimants, while addressing administrative hurdles like bank detail discrepancies.
Key Figures & Named Entities
•Mrs. Mofoluke Adebiyi, Executive Adviser on New Towns and Cities, confirmed the payment details and the reduction of the road setback.•Dr. Suleimon Olanrewaju, Governor’s Special Adviser on Media, issued the official statement regarding the compensation.•The compensation breakdown includes N3.86 billion for Right of Way claimants and N1.81 billion for Omission claimants.
Outlook & Next Steps
The compensation exercise remains ongoing as the government works to resolve bank account discrepancies for 16 failed payments and continues to process claims for the remaining individuals who have yet to appear.
Key Takeaways
AI Summary- The Oyo State Government has disbursed over N5.35 billion in compensation to 578 property owners impacted by the first segment of the Ibadan Circular Road.
- Governor Seyi Makinde approved the reduction of the road setback from 150 metres to 75 metres in built-up areas following public appeals.
- The compensation process is ongoing, with the government actively working to resolve payment failures caused by bank account discrepancies and reaching out to outstanding claimants.
Key Facts:N5.35 billion total: The Oyo State Government paid N3.86 billion to Right of Way claimants and N1.81 billion to Omission claimants.Not specified: The road setback for the Ibadan Circular Road was reduced from 150 metres to 75 metres.
Editorial Excerpt
The Oyo State Government has paid more than N5.35 billion in compensation to 578 property owners affected by the first segment of the Ibadan Circular Road.
Frequently Asked Questions About This Story
How many property owners have been compensated so far?
A total of 578 property owners have received compensation, consisting of 378 Right of Way claimants and 200 Omission claimants.
Why did some compensation payments fail?
Payments failed for 16 beneficiaries due to discrepancies between their names and the provided bank account details.
