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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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Education

Teachers Hold Key to Nigeria’s Future – Oseni

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Hon. Aderemi Abasi Oseni

The member representing Ibarapa East/Ido Federal Constituency in the House of Representatives and the All Progressives Congress (APC) candidate for Oyo South Senatorial District, Engr. Aderemi Oseni, has described teachers as important builders of the nation, saying their contribution to the development of Nigeria cannot be overemphasised.

Oseni, in a statement on Monday  by his media aide, Idowu Ayodele, to mark this year’s Teachers’ Day, said teachers occupy a special place in society because of the role they play in shaping the minds, character and future of young Nigerians.

He commended teachers for their commitment to the profession despite the challenges confronting the education sector, saying their efforts often go beyond what is seen in the classroom.

According to him, his interventions in the education sector have been guided by the belief that giving children access to a better learning environment is one of the most important investments any government or representative can make.

The lawmaker said his contributions in Ibarapa East/Ido Federal Constituency include the construction of school infrastructure and classroom blocks as well as the provision of furniture, aimed at improving the learning environment for pupils and students.

He said his intervention had also focused on students from less privileged backgrounds, particularly those who could be forced to abandon their educational ambitions because of the cost of examinations and admission processes.

“In line with my commitment to ensuring that no child is left behind due to financial constraints, I have sponsored over 2,000 JAMB forms and more than 1,500 WAEC forms for indigent students. Beyond this, our scholarship and educational support schemes have continued to assist brilliant but underprivileged students at various levels,” the statement said.

The APC chieftain, however, said one of the most rewarding aspects of the intervention was seeing beneficiaries progress through different stages of their education, recalling the case of a beneficiary who had enjoyed consistent support and is expected to become a PhD holder from Obafemi Awolowo University, Ile-Ife, this year.

It continued, “this success story is a source of great joy and motivation. It confirms that consistent investment in education yields lasting results. When we support a student from secondary school through tertiary education and beyond, we are not just changing one life, we are transforming families and communities”.

‎Oseni congratulated teachers on the occasion, assuring them that education would remain a priority in his public service, while calling for greater support for teachers and sustained investment in the sector.

He said every child, irrespective of family background, should have the opportunity to receive quality education and build a better future.

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Politics

Ido Communities Rally Oseni, Lawmaker Assures Fresh Development Interventions

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Community leaders and residents of Ido Local Government Area of Oyo State have rallied behind the senatorial ambition of the All Progressives Congress candidate for Oyo South, Engr. Aderemi  Oseni, following his assurance of fresh development interventions in the area.

Oseni, who currently represents Ibarapa East/Ido Federal Constituency in the House of Representatives, gave the assurance on Friday at a strategic stakeholders’ meeting held at the former Camp Primary School, Camp Ido, Ibadan.

The meeting, organised by the BAI4ROCOF–Oseni For The World Movement, brought together traditional leaders, farm settlers, youth representatives, community leaders and other stakeholders from different parts of Ido Local Government.

It was held under the theme, “Reforming & Strengthening Ido Community in Solidarity.”

Among the communities represented were Camp and Eruwa farm settlements, Onido, Odebode, Morala, Mandela, Arihan and Oyateru, as well as the Ido Youth Forum and other neighbouring communities.

The stakeholders used the occasion to present some of their pressing needs to Oseni, particularly in the areas of electricity, water supply, security and basic infrastructure.

Responding to the requests, the lawmaker assured the communities that he would facilitate immediate interventions, including the provision of solar-powered street lights and boreholes.

He also promised to give urgent attention to their request for a transformer to improve electricity supply in the communities.

The commitments drew positive reactions from the stakeholders, who described the engagement as an opportunity for the people to directly present their concerns and receive responses from their representative.

Speaking at the gathering, Oseni appealed to the people to remain united and support all APC candidates in the 2027 general elections.

He said a coordinated APC victory across the federal and state levels would provide a stronger platform for delivering development to the grassroots.

“Vote all APC candidates at the polls. Don’t leave anyone out. From Asiwaju Bola Ahmed Tinubu as President, to our Governorship candidate, to myself for Senate, and all other candidates of our party.

“That is how we can guarantee development that will flow from the federal to the state and down to our communities,” he said.

Oseni also assured the communities that their concern over the reported relocation of their school would be addressed under an APC administration in Oyo State.

“The school belongs to your community. Under APC in Oyo State, we will ensure your school remains here for your children. You will not need to trek far distance to access basic education,” he said.

A major highlight of the gathering was the formal reception of His Highness, Prince Babalola Abiodun Ibrahim, into the BAI4ROCOF movement.

Prince Babalola, a respected community leader, was received into the group amid expressions of support for Oseni’s senatorial ambition and the APC.

The development was welcomed by participants as another indication of the growing engagement between the Oseni political structure and grassroots stakeholders in Ido.

Speaking during the meeting, community leaders commended Oseni for what they described as his willingness to listen to their concerns and respond to issues affecting their communities.

They pledged their continued support for his Oyo South senatorial bid and the APC ahead of the 2027 general elections.

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Metro

Gunmen abduct 20 NYSC members in Imo

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Gunmen have abducted 20 members of the National Youth Service Corps travelling to various orientation camps in the South-East and South-South states.

The corps members were reportedly travelling in a commercial bus from Ibadan, Oyo State, when the vehicle was intercepted along the Owerri-Onitsha Road by Umunoha community in the Mbaitoli Local Government Area of Imo State.

The incident, which occurred on Wednesday, has triggered a fresh search operation by security agencies in the state.

Confirming the abduction, the Imo State Police Public Relations Officer, Henry Okoye, told Channels Television that the corps members were on their way to their respective orientation camps when they were attacked.

Okoye said the Commissioner of Police in the state, Audu Bosso, had visited the scene for an on-the-spot assessment.

He added that the police, alongside other security agencies, had intensified efforts to rescue the victims safely and arrest the perpetrators.

According to him, security operatives were combing the surrounding bushes in search of the abducted corps members, while a Rapid Response Team had also been deployed to track the kidnappers.

The police spokesman said the operation was aimed at securing the safe and unconditional release of the victims.

The latest incident comes weeks after another group of NYSC members was abducted in Kogi State while travelling along the Aloma-Egane Expressway in the Ofu Local Government Area.

PUNCH had reported that armed men emerged from the bush around Ogene Zaria, near the Ogene Zaria/Onicha-Igo Junction, and blocked two buses travelling in opposite directions.

Several passengers were abducted, while others escaped into the surrounding bush.

The Kogi State Police Command later confirmed that 11 victims, including drivers of the two buses, had been rescued, while security operatives continued the search for other victims.

The military subsequently announced the rescue of 21 kidnapped victims, including 15 corps members, from the Egume-Ochaja forest in Kogi State.

The repeated attacks involving corps members travelling between states have renewed concerns over the safety of young Nigerians travelling to fulfil their national service obligations.

For now, the focus of security agencies in Imo remains the safe recovery of the 20 abducted corps members and the apprehension of those behind the attack.

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