Diaspora Investor Urges Tinubu to Restore Confidence, Protect Investments Amid Economic Decline

A United States–based Nigerian investor, Engr. Stella Ifeoma Okengwu, has called on President Bola Tinubu to take decisive steps to halt Nigeria’s worsening economic conditions and rebuild trust among local and diaspora investors.

Okengwu, the CEO of WinHomes Global Services Ltd., said thousands of Nigerians abroad who continue to invest in the country are losing confidence due to policy uncertainty, weak investor protection, and rising economic instability. She stressed that investors are “not asking for miracles, but fairness,” insisting that the government must demonstrate seriousness in safeguarding lawful investments and ending what she described as intimidation and injustice.

She warned that the rapid depreciation of the naira which has lost more than 70% of its value within a year is deepening poverty and discouraging capital inflow. According to her, stabilising the currency and enforcing the rule of law must be treated as urgent national priorities.

Central to her appeal was the controversial demolition of the $250 million WINHOMES Estate in Okun Ajah, Lagos, reportedly financed by diaspora investors. The property was said to have been pulled down under the Lagos-Calabar Coastal Highway project, a move she alleges was carried out without due process and in defiance of previously approved layouts.

Okengwu criticised the demolition as a “devastating signal to global investors,” warning that no economy grows when “bulldozers replace justice.” She called on the President to intervene by enforcing accountability, compensating affected investors, and restoring respect for property and judicial orders.

She urged Tinubu to be remembered “as the leader who healed the country, not the one who watched it bleed,” adding that Nigeria’s future depends on rebuilding credibility and showing the world that lawful investment is safe within its borders.