Oyo News

Circular Road: Oyo Govt Pays Compensation to Business Owner

The Oyo State Government has paid over N100 Million as compensation to a business owner along the Ajia, Egbeda road, whose property was demolished to pave the way for the construction of the ongoing circular road construction. 

 The cheque was presented to Messers Fasbok Global Resource Limited, Ajia Egbeda, Ibadan, by the Permanent Secretary of the Ministry of Lands, Housing and Urban Development, Mrs Mofoluke Adebiyi on Friday. 

 Presenting the cheque of part payment to the owner of the company, she said the Oyo State Government supports industrial development.  

 It would be recalled that the Oyo State Government had earlier compensated farmers along that project, after which their produce was valued by the State ministry of agriculture and natural resources.

 The Permanent Secretary added that Messers Fasbok Global Resources Limited property was affected in the construction of a circular road project by the State Government. 

 The recipient (name withheld) appreciated the Oyo State Governor, Seyi Makinde for his love and passion for the people of Oyo State.

 “I had mixed feelings, because it has been more than a year since the company was demolished, I had to borrow money to start my business from scratch again with the promise that we will be compensated very soon”. 

 “Today, I thank God and the Government as I have collected the compensation, I looked forward to”, he said.




Prince Dotun Oyelade.,

Commissioner for Information and Orientation,

Oyo State.


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