Octo5 Holdings Limited, a developers and managers has said that the company is actively addressing concerns raised about the management of the Ocean Bay estate.
Continuing the chat with journalists, Odusolu said just as alluded by some residents of the estate, Ocean Bay is a mini-Nigeria which just like the Nation at large, as a maturing community developed over fifteen years ago, has many challenges. For example, he asserted that between June 2019 and now, Octo5 had expended over NGN 150m on overhauling the estate water grid, yet a number of the residents refused to pay the monthly charge for water and had to be disconnected from the mains.
According to him, Octo5 recognizing itself as the utility owner accepted it was its duty to address the issue and immediately purchased a brand new 1MVA diesel generator in addition to existing 500KVA and 800KVA generators it had earlier procured to enable it to provide a short term solution.
Source: News Formal (newsformal.com)
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