Cross River Gets 232Million From Sale of Cultural Center

In Breaking News, Business & Economy, National News, Reports

by crossriverwatch admin

Cross River State Governor, Senator Liyel Imoke(m)assisted by Minister of Culture and Tourism, Chief Edem Duke, Arch Ladi Olatunde(L)and  MD Artee Group, Mr. Haresh Keswani  (R) during the foundation laying ceremony of  Calabar Shopping Mall, in Calabar
Cross River State Governor, Senator Liyel Imoke(m)assisted by Minister of Culture and Tourism, Chief Edem Duke, Arch Ladi Olatunde(L)and MD Artee Group, Mr. Haresh Keswani (R) during the foundation laying ceremony of Calabar Shopping Mall, in Calabar

The sale of three hectares of land located within the Cultural Center, Calabar has fetched the State government a whooping two hundred and thirty two million Naira(N232m)CrossRiverWatch can authoritatively report.

The land which is purchased by ARTEE Group to build a retail shopping mall popularly known as Park’n’Shop departmental store is expected to create not less than 1,000 direct jobs for Cross Riverians before April 2015.

Criticisms had greeted plans to sell one of the state’s foremost event center and cultural heritage built by former governor of old Cross River State, U. J. Esuene’s Administration.

Before now, some highly placed Cross Riverians who spoke with CrossRiverWatch said the property was given to an acolyte of the state’s first family to construct Shoprite Calabar without any due process, due diligence or rules of engagements to the allocation of the land.

However, during the foundation and ground breaking ceremony of the retail mall in Calabar recently, Governor Liyel Imoke announced that the three hectares part of the Cultural Center was sold for N232 million Naira and that the money has been paid into the government purse.

Imoke who said the 45million Dollars investment will provide employment and increase the state per capital income as an investment hub in Nigeria outside Lagos, Port Harcourt and Abuja is part of his dream to make Calabar a destination.

Earlier, the chief executive Officer of ARTEE group, Haresh Keswani said “I want to build a legacy in Calabar and I want each of you to be cloned like me in providing opportunity to the youths and the State.”

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2 commentsOn Cross River Gets 232Million From Sale of Cultural Center

  • selling of government owned properties for privatisation are not real. How will you feel if you build or estalished an investment and another sell it instead of building more for creating employment. For example selling some cocoa farms is a shameful thing. we talk about Americans or Chinas, agriculture or farming create jobs openers than waiting for private individuals Let. not deceived ourselves. Why not the govt make farm better with facilities and with modern mechanized equipment that young school leavers or young graduates can easily be employed. Thanks.

  • selling of government owned properties for privatisation are not real. How will you feel if you build or estalished an investment and another sell it instead of building more for creating employment. For example selling some cocoa farms is a shameful thing. we talk about Americans or Chinas, agriculture or farming create jobs openers than selling govt properties that private individuals will employed more people. not deceived ourselves. Why not the govt make farm better with facilities and with modern mechanized equipment that young school leavers or young graduates can easily be employed. Thanks.

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