Landmark Africa, promoters of Landmark Beach Resort in Lagos, has announced plans to relocate its Nigerian headquarters and expand operations.
The company’s Chief Executive Officer, Paul Onwuanibe, announced its intent to enter two more African countries, establish a presence in three Nigerian states, and move its headquarters out of Lagos in a recent interview with Keys to Keys published online.
The decision follows the April 2024 demolition of Landmark Beach Resort, which Onwunaibe called a devastating setback that led to an estimated $80 million loss.
"We have diversify geographically. I had calls from three different African presidents during this crisis. I didn’t know them from anywhere. They reached out and said they were sorry that they heard what happened, 'are you willing to come to a country like ours?' That’s an opportunity in itself," he said.
"There’s one of these countries we’re going to relocate to. Then, I also had calls from several governors in Nigeria saying, I think you should come and do this here. What happened to you in Lagos is not going to happen to you here. There were 12 of those, so we’re selecting three. We’ve been going through that process over the last six months.
"So, we’re going to have some diversification. We’re going to diversify to two other African countries, we’re going to go into three different states and we’re going to move our Nigerian headquarters out of Lagos and we’re going to move our entire event and tourism platform out of Nigeria. We’re going to grow from there. We want to create a sort of West African footprint for tourism and leisure."
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