Tuesday, October 29, 2013

SALE OF EDO HOUSE


An Edo based body of professionals, under the aegis of Unuedo Foundation, has warned Governor Adams Oshiomhole against selling the Edo House complex on Victoria Island, Lagos, saying “it could generate as much as N200m annually if professionally managed”. The group also noted that apart from housing the Edo State Governor’s Lodge, the property accommodates the Edo State Liaison Office.

The President of the foundation, Mr. Lawson Omokhodion, and Secretary, Kingsley Ighomwenghian, in a statement on Thursday in Abuja, also pointed out that the property was in a prime location with immense present and future possibilities that should excite its owners. Unuedo, however, advised that Oshiomhole should lease the property out on concession and the concessionaire be made to pay market-determined returns annually to government while the government seeks other sources of finance for its proposed five-star hotel and conference centre.

The group said, “It is suicidal for the Edo government to jeopardise the economic future of the state by first selling Edo House and then seeking another $150m loan through the United States Ambassador to build a hotel that will be a non-starter. (Courtesy: PunchOnline)

Patrick Adegbamigbe
Hospitality Consultant
234 80 57736980 

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