Ogun State Governor, Prince Dapo Abiodun, has rescued the President Muhammadu Buhari Estate in Abeokuta from possible forfeiture and transformed the once-stalled project into a 108-unit modern residential community.
The estate, located along the Abeokuta-Sagamu Expressway, is scheduled to be commissioned on Tuesday by the First Lady, Mrs Oluremi Tinubu.
Inherited by the Abiodun administration in a largely undeveloped state, with only the infrastructure awarded and one show building completed, the project had become embroiled in a legal dispute over unpaid obligations to the contractor handling its development.
The situation put the property at risk of being lost through legal action before the Abiodun administration intervened, settled the dispute out of court and commenced payments to secure the state’s interest in the property.
Rather than abandon the inherited project, the administration subsequently adopted a Public-Private Partnership (PPP) model, with the state providing the land and infrastructure while private developers undertook the construction and sale of the housing units.
