Lagos government revokes Sheraton Hotel occupancy
Authorities in Lagos have revoked the right of Ikeja Hotel to continue occupying the land on which Sheraton Hotel currently sits in Ikeja.
Ikeja Hotel said in an internal memo this week that it received a notice from Lagos authorities that the land has been revoked.
The company did not immediately explain the reason for the revocation but said it had challenged it in court. An email seeking clarification from Ikeja Hotels was not immediately returned Friday morning.
The management also warned that the seizure could deplete the company’s asset by N4.63 billion unless it is reversed.
The November 3 internal memo circulated on social media Friday morning. The company also said in the letter that it lost N1.4 billion after tax in the third quarter of 2020 due to the coronavirus.
It was unclear the nature of the dispute between the Nigerian hospitality giant and Lagos government. A Lagos government spokesman did not answer calls and text messages seeking comments Monday morning.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Eleven children killed, 19 injured in Algeria orphanage fire
President Abdelmadjid Tebboune described the tragedy as a huge loss.Â
Heading 2
Kano empowers 1,900 butchers, to establish cottage industry hubs
He said the government had already made provision for the establishment of the hubs in the 2026 budget.Â
Heading 3
2027 Elections: Police commence recovery of illegal arms nationwide
Mr Kokumo said the centre had destroyed more than 16,000 unserviceable weapons since its inception.
Heading 5
Court restrains FRSC from operating on Kano township roads
Mr Hikima sued the commission for unnecessarily stopping, searching and questioning him and other motorists.Â
Heading 5
White House teleprompter operator rakes in over $100,000 betting on Trump’s speeches: Report
Investigators discovered Mr Perez placed bets on more than a dozen of Mr Trump’s speeches over a three-month period.Â
Hot news Home top
Kidnapped Kogi school principal, NECO official, students regain freedom
Gunmen, on Tuesday, abducted a principal, NECO official and students during exam in Kogi school.
