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IBADAN: Real Reason Why Odu’a Investment Shut Down Lafia Hotels

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THE Management of Odu’a Conglomerate Limited, has shut down, one of its three hospitality concerns called Lafia Hotel, located along Abeokuta road in Apata, Ibadan, Oyo State.

The company’s Head of Corporate Affairs, Mr Victor Ayetoro, who recently, through a statement hinted that the closure became imperative following the directive of the Odu’a Board/Shareholders to put a stop to the recurring losses being incurred by the hotels in the group over time to salvage the legacy of the heritage bequeathed by their forebears.

The hotels, as learnt have been struggling with inability to meet up with their financial obligations which include among others; backlog of workers’ salaries, huge debts to creditors, non-remittance of statutory commitments such as VAT, WHT utility bills amongst others.

Also, Mega Icon Magazine reliably gathered that Odu’a Investment Co. Ltd, the sole owner of the hotels had on many occasions came to the rescue of the hotels by releasing funds for renovation purposes and settling some of the outstanding hotel debts/statutory obligations which had been the experience in the past years without any significant improvement in the fortunes of the hotels.

Ayetoro informed that the move kickstarts a new strategy to reposition the hotels in the conglomerate’s chain.

The statement reads: “Odu’a Investment Co. Ltd, which is the sole owner of the hotels, had on many occasions rescued the hotels by releasing funds for renovation purposes and settling some of the outstanding hotel debts in past years.

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“The interventions did not yield fruits in the case of Lafia,

The company further assured the public that third party claims would be reviewed and sorted out while the staff would receive their entitlements as may be agreed after ongoing discussions.

Lafia hotel is one of the hotels inaugurated by Chief Obafemi Awolowo’s government as a step to tap in the tourism economy together with the Premier Hotel and Lagos Airport Hotel . All the three are under the auspices of Odu’a Conglomerate and they all maintained the sanity of a prosperous hospitality concern.

Lafia Hotel was one of the best hotels in Nigeria in the 70s which was the only one fit enough to accommodate the then Head–of–State, General Yakubu Gowon who paid a visit to the Western State then .

The Hotel has like other hospitality outfits been operating within the economic dictate and contemporary business climate overing in Nigeria. That is going from fair to good and for the better.

However, in the past four years, the hotel’s fortune has consistently slid from the good, to the fair and to the bad.

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Metro

Tragedy at Gombe Eid Ground: Two Children Dead in Stampede

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A stampede at the Gombe main Eid prayer ground on Sunday claimed the lives of two young children, identified as Aisha Salisu Ahmed (4½ years old) and Maryam Abdullahi Gwani (4 years old).

The tragic incident reportedly occurred when a large crowd, mainly women and children, rushed to exit the prayer venue, causing chaos and trampling. Several others sustained varying degrees of injuries.

Reacting to the unfortunate event, Gombe State Governor, Muhammadu Yahaya, expressed his condolences to the bereaved families in a statement signed by the Director-General of Press Affairs, Government House, Ismaila Uba Misilli.

“We grieve with their families during this difficult time, and our hearts are with them as they mourn the loss of their beloved children,” the governor stated.

Governor Yahaya has ordered a thorough investigation into the circumstances surrounding the stampede to prevent future occurrences.

“The safety and well-being of our citizens remain a top priority,” he said, assuring that the government would learn from the tragedy and implement corrective measures.

In response to the crisis, the governor dispatched a high-powered delegation, led by the Chief of Staff of Government House, Alhaji Abubakar Inuwa Kari, to visit medical facilities treating the injured.

The delegation toured Zainab Bulkachuwa Hospital, Specialist Hospital, and the Federal Teaching Hospital Gombe, where most patients were reported to be in stable condition. Doctors assured that many had already been treated and discharged, while others were expected to recover soon.

To support the victims and their families, Governor Yahaya has directed that all medical expenses be fully covered by the state government, ensuring proper care and easing the financial burden on parents.

 

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Politics

Adebayo Open to Stepping Down for ‘Better’ SDP Candidate in 2027

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Adewole Adebayo, the 2023 presidential candidate of the Social Democratic Party (SDP), has declared his willingness to step aside in the 2027 elections if a stronger candidate emerges to lead the party.

Adebayo made this statement on Sunday during an appearance on Inside Sources with Laolu Akande, a socio-political programme aired on Channels Television, monitored by Mega Icon Magazine.

“Everybody knows that I have an aspiration. I’m working on it, but God is the author of tomorrow; we don’t even know who is going to be around in 2027,” he said.

The lawyer and politician emphasised that his ambition would not stand in the way of a more capable leader who could address Nigeria’s challenges.

“It is my prayer to God that if there is a person who God thinks is better than me to fix the problem of Nigeria, my ambition should not stop that person because we want a country that works. That is the kind of thing we are working on at this time,” he added.

Adebayo assured Nigerians that the SDP would present a candidate worthy of national support, capable of unseating President Bola Tinubu of the All Progressives Congress (APC) in the next election.

He further stressed that the SDP would avoid divisive politics based on religion and ethnicity.

“What used to be an easy discussion – with religion and ethnicity – has become explosive now. So, we will not use the SDP forum to try to bifurcate our people into different zones,” he noted.

According to him, the party aims to produce a candidate whose emergence will be met with widespread approval.

“When we make a choice in the SDP, there will be resounding joy outside the SDP, and Nigerians will say: ‘Okay, finally, this platform has given the country a chance’,” Adebayo said.

 

 

 

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Eid-ul-Fitr: Oseni Urges Muslims to Uphold Ramadan Virtues, Calls for National Unity

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As Muslims around the world celebrate Eid-ul-Fitr, marking the end of the holy month of Ramadan, the lawmaker representing Ibarapa East/Ido Federal Constituency in the House of Representatives, Engr. Aderemi Oseni has urged the Muslim faithful to uphold the virtues of Ramadan in their daily lives.

According to a statement on Sunday by his media aide, Idowu Ayodele, the lawmaker congratulated the Muslim Ummah on the successful completion of the month-long fasting and encouraged them to reflect on the values of sacrifice, self-discipline, and devotion to God, which Ramadan represents.

He emphasised that Ramadan is not only about fasting but also about fostering compassion, patience, and love for one another—values he described as crucial for national unity and development.

“As we celebrate this year’s Eid-ul-Fitr, I encourage my Muslim brothers and sisters to continue embodying the noble virtues of Ramadan. Let the spirit of sacrifice, empathy, and community service guide our actions beyond this season,” the statement read.

Oseni, who chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), also underscored the importance of national cohesion, urging Nigerians to work together to promote peace and stability. He called on leaders at all levels of government to implement policies that address economic challenges, security concerns, and infrastructural development.

He further reassured his constituents in Ibarapa East/Ido of his commitment to quality representation, pledging to continue advocating for policies that prioritise their welfare and development.

Oseni also appealed to religious leaders to use their platforms to preach unity and patriotism, stating that Nigeria’s progress depends on the collective efforts of its citizens in fostering tolerance and peaceful coexistence.

“Eid is a time of joy, reflection, and gratitude. Let us celebrate responsibly while remembering to extend kindness to the less privileged. May Almighty Allah accept our prayers and grant our nation lasting peace and prosperity,” he added.

 

 

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