Home Business How Ikeja Hotels management clears air on revocation of Opebi land

How Ikeja Hotels management clears air on revocation of Opebi land

- Advertisement -

Ikeja Hotel Plc has shed more light on its earlier claim that it was dragging Lagos government to the court over revocation of it Opebi Gorge land which could cost it N4.63b loss.

In an updated information at Nigeria Stock Exchange on Friday, Ikeja Hotel said the land in Opebi Gorge belonging to Charles Hampton Limited which is its subsidiary with nothing to do with Sheraton Lagos Hotel nor the land on which the hotel is situated.

- Advertisement -

In the note, Ikeja Hotel said: “It has come to our notice that our statement to the Nigeria Stock Exchange in our bid to provide the market with full information on the developments in our group was misconstrued and misinterpreted by some sections of the press.

Ikeja Hotels

“Please note that our press release on November 3, 2020, to the Exchange is to disclose that the land in Opebi Gorge belonging to Charles Hampton Limited which is a subsidiary of Ikeja Hotel Plc, is the land in question.

“The Notice of Revocation from the Lagos State Government on the said land in Opebi Gorge has nothing to do with Sheraton Lagos Hotel nor the land on which the Hotel is situated.”

Ikeja Hotel Plc has shed more light on its earlier claim that it was dragging Lagos government to the court over revocation of it Opebi Gorge land which could cost it N4.63b loss.

The statement also added that the revocation “has the potential to impair the assets of the group to the tune of N4.63 billion if the government succeeds.”

Pauline A . E
Pauline A . E
Be the change you want to see in the world...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

video

Huawei Found Another ALTERNATIVE !!

Huawei Found Another ALTERNATIVE !! So Huawei Just Found An Alternative Of Gmail Called Patel Mail!! Plus it is not getting Globally Recognised!!
video

Huawei Found Another ALTERNATIVE !!

Huawei Found Another ALTERNATIVE !! Samsung Galaxy S21 Ultra – First Look! iPhone 12 / 12 PRO Settings You Should Change NOW ! New Macs, iPhone 13...
video

Mini PC With Ryzen 7 And Vega 10 Graphics! EliteMini UM700 Review

Mini PC With Ryzen 7 And Vega 10 Graphics! EliteMini UM700 Review
video

Galaxy S21 Ultra vs. iPhone 12 Pro Max Battery Test

Galaxy S21 Ultra vs. iPhone 12 Pro Max Battery Test... Battery test between the Samsung Galaxy S21 Ultra and the iPhone 12 Pro Max to...
video

Top 120 Cydia Tweaks for Unc0ver iOS 14 – 14.3 Jailbreak – 2021

Top 120 Cydia Tweaks for Unc0ver iOS 14 - 14.3 Jailbreak - 2021..  
error: Alltechng Content is protected !!