
Abia State Government Revokes Certificate Of Occupancy And Retakes Possession Of Abia Hotels, Umuahia.
PUBLIC SERVICE ANNOUNCEMENT: The Abia State Government has revoked the Certificate of Occupancy and retaken possession of Abia Hotels, Umuahia, from Investment Guarantee Limited, the lessee, due to the company's failure to fulfill the terms and conditions of the Development Lease Agreement signed with the State Government in 2013. In the development lease agreement, Investment Guarantee Limited committed to upgrade and redevelop the Hotel to a 3-Star Protea Standard Hotel and manage it for 25 years. However, the company has failed to upgrade and redevelop the Hotel to the agreed standards after 12 years and are in breach of other…












