Group opposed business agreement on Confluence Beach Hotel
A social cultural organization, Kogi Patriotic Group, KPG, has
rejected in strong terms the handing over of public assets belonging to
the Kogi people by the State Government, under translucent
circumstances, describing such as a rape of the people.
said the sale of legacy assets by government as it is being handled lack
credibility as the investors are not credible or listed on the website
of Nigerian Stock Exchange, describing them as fronts and cronies of
people in government.
Coordinator of the group, Abdul Abdul who
spoke on their behalf demanded immediate and total reversal of the
transaction or the state government will risk litigation.
opined that the idea of the state government to sell/lease its assets is
both childish and archaic, noting that you cannot ‘sell Dog to buy
The group maintained that no state government in
Nigeria had embarked on asset lease/sales except after a well arranged
bond from the stock market, stating that “the Kogi state government has
positioned it’s friends and well wishers to take over it’s assets after
plunging the state to bankruptcy.
goverrment which cannot embark on completion of new Kogi Hotels and
carry out some repairs on Confluence Beach Hotel, has no good plans of
turning around the fortune of the state.’
Abdul claimed the people
of the state are not unaware of plans to sell off Kogi House in Abuja,
where other states like Abia, Adamawa, Rivers are raking Billions of
Naira in revenue yearly.
‘No benefits will be attracted to the
state from the sales/lease. Rather than personal aggrandizement and
diversion into personal pockets, after assessing/exhausting all grants
in loans and allocation.’
The group promised “to resist the new
form of corruption rearing it’s head in Kogi state, believing that in a
sane environment, a committee is supposed to handle such arrangement,
and not the teleguided Kogi Investment and Properties Limited, whose
appointees are stooges of the state government.
It would be
recalled that the Kogi State Government leased the Confluence Beach
Hotel and Gulf Club to Capital Boutique Limited, a private investor
earlier in the month. The move has been criticised by some people in the