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BUA Group has replied Kogi State Assembly over threat to revoke 50,000 Hectares of land allocated to the company for development in 2012 over non-payment of compensation.

 

The company has opted to have the Certificate of Occupancy revoked by the State in view of the fact that not only did lack of infrastructure to provide access to the land a hinderance, there have been recurring security challenges around the area in the years after the initial indication of interest and granting of the C of O. Moreover, the terrain of the land in question, after feasibility was done revealed that it would not able to serve the purpose for which BUA intended.

 

According to BUA, ‘ we conducted feasibility on the land and found out that only about 30% of the entire land mass is suitable for investment, with the rest consisting of rocks, hilly and undulating areas which is not suitable for its intended purpose.

 

In the statement issued by the BUA Group, they disclosed that ‘since their invitation by the State Government in 2012 to invest in the State through the land, no visible effort by the the State Government and its successors to address issues of access to the land. As an investor, BUA also claimed that issues of security of its investment as well as staff is also paramount hence the company had to think twice given the deteriorating security situation in the area.

 

The company further revealed that it has a record of being one of the best when it comes to paying of dues and entitlements to States and local indigenes anywhere it operates and this is verifiable in all the states where it has investments. The BUA group also said, ‘As a responsible organisation, we believe in the principle of equity sustainable business practices and fairness’ and this has been the hallmark of their activities and operations everywhere they do business either with communities or governments.

 

Regretting that the land cannot be used for its intended purposes, the company therefore says the State Government can go ahead and revoke the Certificate of Occupancy.

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GTCO FOOD & DRINK FESTIVAL 2023… A CELEBRATION OF FOOD! 

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The annual GTCO Food & Drink Festival is back again for its 6th Edition, and food lovers across Africa and the world are in for a feast like never before! The event is slated to hold from Saturday April 29th till Monday May 1st 2023, at GTCentre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, Lagos, providing a 3-day weekend of food and endless celebration.

 

The GTCO Food & Drink Festival brings together the greatest minds on the global culinary stage, the most industrious Nigerian small food business owners, a world class, state-of-the-art children’s play area, merging them all to give attendees the most memorable food and drink event.

 

Commenting on the 2023 GTCO Food and Drink Festival, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Segun Agbaje, said; “Food and drink are intrinsically social things, and best enjoyed when shared. We understand the value of bringing together businesses and consumers who are passionate about food and have continued to inspire new ways to experience life through food and drink. The continuing success of our free-business platforms reflect our unchanging commitment to Promoting Enterprise and echoes our brand promise of creating Great Experiences.”

 

Constantly innovating the space and on a quest to continue creating great experiences for all stakeholders, GTCO Food & Drink will be expanding its capacity by creating more opportunities for more businesses and increasing its highly coveted vendor stalls from 142 to 204, giving even more innovative and assiduous business owners the chance to not only showcase their businesses to the over 250,000 foodies in attendance, but also engage with their customer base and learn from a confluence of other great-minded food entrepreneurs. The event will also feature three premier DJs in Africa, setting the scene for a weekend of celebration, food, drink, and togetherness.

 

Guaranty Trust Holding Company Plc is a leading financial services company providing banking and non-banking services including payments, wealth management, and pension fund management, with a presence across eleven countries spanning West and East Africa as well as the United Kingdom. The Group operates a diversified, Proudly African franchise and is renowned for its innovative approach to customer service and stakeholder engagement which has endeared the brand to millions of people across Africa and beyond. Over the years, many customers have benefited from its unique loan products including the Food Industry Credit and Fashion Industry Credit designed specifically for businesses in the food and fashion industry.

 

It’s time once again to come together and celebrate the great joys food has to offer! Attendance is FREE.

 

For more information on the event, please visit: https://foodanddrink.gtcoplc.com

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Governor Dapo Abiodun Warn Traders Rejecting Old Naira Notes In Ogun State, Releases Number To Call  

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The Executive Governor of Ogun State, His Excellency, Prince Dr. Dapo Abiodun, has issued a strong warning to the people of the state, especially traders, commuters, banks, filling stations, supermarkets, and others not to reject old Naira notes.

 

Abiodun, in his speech, insisted that the N500 and N1000 remain legal tender in his state and that whosoever was caught in the act of rejecting the money will be punished accordingly.

 

In a recent viral video, the number one citizen of the state said the Supreme Court has ruled that the old Naira Notes is a legal tender till December 31st, 2023, so he sees no reason people will be rejecting the money in order to make life more difficult for already suffering Nigerians.

 

According to him, “I am hereby sounding a note of warning to every Merchant, Trader, Banker, Petrol Station that is refusing old Naira notes. If you report to me, I will deal with you to the fullest extent of the law.

 

The Supreme Court of Nigeria is the highest Court of the land and has ruled that the old naira notes remain legal tender until December 31st, 2023”, he said.

 

However, information from another source claimed that the smart and highly intelligent governor had immediately sent out law enforcers to arrest anyone rejecting the old money. At the same time, a mobile number (0803 375 1767) was also provided for the good people of Ogun State to call in case anyone rejects the old Naira Notes in the state.

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