Land Grab Scandal Rocks Nigeria: Corruption and Inflation Exposed

Land Reclamation in Nigeria: "Bad Money" Fuels Price Inflation and Corruption Concerns Lagos, Nigeria – May 18, 2025 – A recent interview on the KK Show podcast has brought to light serious concerns about land reclamation practices and their impact on the Nigerian economy. Scott Iguma, a guest on the show, highlighted the exorbitant cost of land in affluent areas like Ikoyi and Lekki, questioning whether the prices reflect genuine development or corruption. "Lagos is not the only place they've reclaimed land...na bad money dey rule Nigeria..." Iguma stated, emphasizing the widespread nature of the problem. He points to the significant price increases in land, sometimes doubling in just two years, as evidence of this issue. The interview also delves into the role of greed and a lack of transparency in driving these inflated prices. The discussion raises important questions about the equitable distribution of resources and the need for greater accountability in land management practices. The podcast episode underscores the need for a more transparent and ethical approach to land development in Nigeria to ensure a more equitable and sustainable future.