Lagos — The popular Mobil, now 11Plc, fuel station located by the Maryland roundabout, along Mobolaji Bank Anthony Way in Lagos, was demolished on Monday because it occupied a right of way.
This was revealed by 11 Plc in a statement published by the Nigerian Stock Exchange, NSE, titled, ‘Demolition of Mobil Service Station at Maryland, Ikeja, Lagos’, and signed by company secretary, Chris-Olumayowa Meseko.
The service station that has been at the location for over 30 years was demolished by the Lagos State government.
“This is to inform the shareholders of 11Plc that the demolition of the Mobil Service Station at Maryland, Lagos State on the 7th December 2020 was carried out pursuant to the valid exercise of the right of compulsory acquisition for public purpose by the Lagos state government following due process.”
Mobil Oil Nigeria Plc changed its name to 11 Plc (pronounced as “Double One Plc”) sequel to the resolution passed by the company’s shareholders at its annual General Meeting, AGM held on 24 May 2017. The company has since obtained a new Certificate of Incorporation from the Corporate Affairs Commission, CAC bearing the new name.
11Plc said the statement it issued was for the proper guidance and information of the public and to eschew all forms of speculations regarding the incident.