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Disaster escalates over FG’s handover of Nationwide Theatre to CBN as traders make calls for

An investor, Calzada Restricted, has petitioned the Central Financial institution of Nigeria, CBN, tough complete compliance with concession bid for the Nationwide Theatre previous performed in 2015.

This is a part of disaster coming up from the Federal Govt’s choice handy over the ability to CBN, and the Bankers Committee.

Two different corporations, Topwide Apeas and Jadeas Accept as true with had long gone to courtroom over the ability with the case being slated for listening to on October 29, 2020.

The control of Calzada Restricted, in its petition to the apex financial institution stated it participated in an excessively aggressive concession bid performed by way of the Federal Govt on ‘The Fallow Land across the Nationwide Theatre’ and emerged because the ‘Most well-liked Bidder.’

The Calzada stated it had long gone forward after successful the bid, and started putting in buildings and amenities for the challenge earlier than the present executive got here into administrative center and unilaterally put a wedge on its growth.

The letter dated July 17, 2020, entitled, ‘Re-Concession of the fallow land across the Nationwide Theatre in keeping with grasp plan (Nigeria Leisure Town)’ and used to be written by way of its felony representatives, Elias Mordi and Co.

The letter with subtitle, “Call for for Justice and Compliance with the bid awarded to Caldaza Restricted,” reminded the CBN Governor, Godwin Emefiele that once the bidding, contested by way of seven different corporations, the then Minister for Tourism, Tradition and Nationwide Orientation, Leader Edem Duke, wrote and notified it (Caldaza) of haven emerged because the ‘Most well-liked Bidder’ for the challenge.

“Our shopper used to be stunned to be told, upon entering pressure of the current executive that the challenge has been taken off her shoulders and given to a 3rd birthday party corporate which by no means participated within the bidding workout,” the petition bought by way of DAILY POST on Sunday, added.

“Extra worrisome is the wave of stories and data via print and digital media that the government of Nigeria in the course of the Central Financial institution of Nigeria and the Bankers’ Committee have concluded plans to take over and certainly taken over, the similar challenge which used to be duly awarded to our shopper which used to be pushed out thereof in a Gestapo topic.

“We will ascertain the statement below this head as have learnt of swimsuit No. FHC/L/CS/2932/2019 Topwides Apeas Ltd Vs Nationwide Theatre and Nationwide Troupe of Nigeria Board & 6 Ors pending earlier than the Honourable Justice Ayokunle Faji of the Federal Prime Court docket, Ikoyi Lagos.

“Govt is a continuum. And we, by way of this letter, and on behalf of our shopper (Calzada Ltd), name for your administrative center and that of the Hon.

“Legal professional Common of the Federation which is the Leader Legislation Place of work of Nigeria to check the stairs taken by way of the Federal Govt of Nigeria and its companies on this grievance and go back the problems, subject material and premises in query to establishment when our shopper used to be awarded the concession of the fallow lands of the Nationwide Theatre, Iganmu, Lagos.

“We’ve time beyond regulation, searched each and every to be had information and can not in finding the place the number of our shopper used to be faulted by way of any rightful authority and extra worrisome is the way in which and method the entire actions are being treated by way of individuals our shopper can not establish within the challenge.”

It warned that it will no longer hesitate to turn on felony court cases towards all involved if the grievances weren’t resolved and on time.

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