JUST IN: Is Ayade Pondering The Sale Of Tinapa?

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

By Ushang Ewa

The Cross River State government has written a firm based in the United States of America to discuss terms over it’s interest to “acquire and gain assets of Tinapa,” a document obtained by CrossRiverWatch reveals.

The letter with reference number “GO/S/17/VOL.1/149” dated June 26, 2019 was a reply to an expression of interest from Mr. Robert Glover, the Chief Executive Officer and President of ROPA Corporation Inc based in Houston, Texas dated 11th March, 2018 seeking to “gain the liquidated assets of Tinapa with the associated licenses and assets.”

It was signed by the Personal Secretary to Governor Ben Ayade, Mrs. Jumbo Margaret Unyalachie.

“The Cross River State Government notes your interest in acquiring Tinapa and wishes to inform you that all arrangements are ongoing with the Assets Management Corporation of Nigeria (AMCON) to meet with you and chart the way forward,” the letter read.

The State asked for the meetings between the two parties to hold between July 16th and 18th 2019.

“The meeting between the State Government and your organization in Calabar, including a visit to Tinapa is scheduled to take place on Tuesday, 16th while the tripartite meeting at Abuja will hold on Thursday, 18th July 2019,” the letter read.

The Tinapa Premier Business and Leisure Resort was built by the Donald Duke’s administration at a cost between 350 to 450 million dollars and has failed to kick off till date for several reasons.

Due to the default in repayment of the loans obtained, AMCON took over the facility while the ECOWAS bank had tried shutting down the State over defaulting payments.

Shortly before the end of his first term in office, Mr. Ayade had sent a delegation comprising of the immediate past Commissioner for Information, Mrs. Rosemary Archibong, Senator Gershom Bassey among others on a trip to Houston, Texas.

As at press time, it was unclear whether the visit was in line with this development.

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