A businessman has expressed deep frustration after alleging that his investment and business premises in Abuja were demolished without prior notice, despite returning to Nigeria to invest after taking a £75,000 loan in the United Kingdom.
Speaking in an emotional account, the investor said he had responded to repeated government calls encouraging Nigerians in the diaspora to return home and contribute to the country’s economic development, only to see his investment allegedly destroyed.
“I took a loan of £75,000 from the UK to come and invest in Nigeria because the government said we should come back and invest. But the same government is destroying our investment,” he lamented.
The visibly distressed businessman said the demolition has left him considering abandoning his investment in Nigeria altogether.
“As I’m talking right now, I’m actually thinking of counting my losses, packing my things, tearing my Nigerian passport, and going back,” he said.
He further claimed that he knows other Nigerians in the diaspora who have allegedly renounced their Nigerian citizenship after experiencing similar treatment.
“I have friends who have destroyed their Nigerian passports because of things like this,” he added.
The investor did not specify the exact location of the demolished property, the government agency responsible for the demolition, or the circumstances leading to the action. His claims have also not been independently verified, and there has been no official response from the relevant authorities at the time of filing this report.
The incident has renewed concerns among investors and members of the Nigerian diaspora over issues surrounding property rights, regulatory enforcement, and the need for due process in government actions affecting private investments.
Stakeholders have repeatedly emphasized that protecting investments and ensuring transparent enforcement of regulations are essential to sustaining investor confidence and encouraging diaspora participation in Nigeria’s economic development.
