The Lagos State Government has announced the termination of agreement between them and Messers Bridgeways Global Projects Limited over the much-publised Kantagua Market. It would be recalled that Lagos Government has planned the movement of the Computer Village in Ikeja to Kantagua.

Recently, the government deemed its searchlight on the much- touted ICT International market in Katagua and sacked the Concessionaire, on the ground that it deviated from the contract.

Special Adviser to Governor Sanwo- Olu on E-GIS and Planning maters, Dr Olajide Babatunde over the weekend said the government has taken over the market and would build it to International standards with Hotels and other infrastructure that befits an lCT hub.

He accused the Concessionare of building sub- standard structures and also went ahead to charge each the trader the sum of N12 million for a stall and some less without the knowledge of the government.

He promised the trader’s that the government will refund monies illegally collected from them while for others their monies will be built into the new structures designed by government and taken as their seed deposit.

The General Manager LABSCA, Gbolahan Oki in his remarks asked for the cooperation of the traders and requested that they bring any paper or receipt suggesting that they have a stake in the market adding that their investment will not be lost as government has fully taken over the market.

He said: “ Henceforth the market should be clean depicting the status of an international market. Government will pay compensation to any person or Groups with any claim. The world class market the state government have in mind is for it to be self – sustaining , neat with competitive infrastructure unfortunately it’s nothing close to what we have now”, he added.

Also, the Chairman of the State House of Assembly Committee on Physical Planning and Urban Development, Hon Ogunkelu Sylvester who lead other members of the State House of Assembly on a fact finding mission, said they are in the market on the directives of the Speaker, Mudashiru Obasa in reaction to a petition written by the Leaders of the Market Association. He noted that their findings will be delivered to the speaker for further action.

He added the State Government has already started identifying those who have a stake in the market and how .

He assured that nobody will loose their monies but added that they must cooperate with the government by filling the forms truthfully and receipts of payment where necessary.

END.