Close Menu
The Reporters
  • Home
  • News
  • Politics
  • Crime
  • Health
  • Features
  • Economy
  • Environment
  • Entertainment
  • Business
  • Technology
  • Education
  • Sports
  • Tourism
  • Judiciary
  • Judiciary
  • Foreign
  • Agriculture
  • Religion
  • Weather
  • Banking
  • Labour
  • Faith
  • Advertisment
Facebook X (Twitter) Instagram
  • Home
  • Lifestyle
  • Travel
  • Buy Now
Facebook X (Twitter) Instagram Pinterest Vimeo
The Reporters
  • Home
  • News
  • Politics
  • Crime
  • Health
  • Features
  • Economy
  • Environment
  • Entertainment
  • Business
  • Technology
  • Education
  • Sports
  • Tourism
  • Judiciary
  • Judiciary
  • Foreign
  • Agriculture
  • Religion
  • Weather
  • Banking
  • Labour
  • Faith
  • Advertisment
Subscribe
The Reporters
News

N1.3bn Zaria Hotel Purchase: NCAT follows due process – Report.

AdminBy AdminJuly 25, 2023Updated:July 25, 2023No Comments3 Mins Read
Spread the love

By correspondent.

The Nigerian College of Aviation Technology (NCAT), Zaria, has followed due process in the purchase of Zaria Hotel for the institute, a document has revealed.

A report exclusively obtained by our correspondent confirmed that the popularly hotel in the ancient city was purchased at the cost of N1.313 billion from the Africa Continental Hotel, managers of the facility.

The report further revealed that the owners of the hotel accepted the offer vide a letter dated June 7, 2023, which was signed by the Executive Vice Chairman of Africa Continental Hotel, Mr Aliyu A. S. Yar’adua, addressed to the Rector of the college, after diligent consideration of the transaction.

“We hereby confirm the acceptance of the Federal Executive Council’s approval for the purchase of our Hotel, in the sum of N1,313,000,000 (One Billion Three Hundred and Thirteen Million Naira Only), inclusive of all taxes, as conveyed by your letter.

“While looking forward to early conclusion of the transaction and please accept the assurances of warmest regards,” the letter read in part.

The document also revealed that the purchase of the hotel was concluded after serious negotiations and procurement processes were diligently followed and perfected.

Several memos in respect of the purchase, ranging from expression of interest to valuations by the Federal Ministry of Works and Messrs Habibu & Co independent valuers, were cited as pieces of evidence.

Similarly, due diligence/post qualification reports; approvals by the Federal Ministry of Aviation for the purchase of the hotel, dated March 7, 2023; and ministerial Tenders Board of March 2023 were tendered to absolve NCAT from any shady deal.

Besides, “Certificates of No Objection” from the Bureau of Public Procurement were conveyed to the Aviation Ministry, followed with “Due Process Review Reports” for the purchase of the hotel confirmed that the transaction was wholly transparent.

In addition, the Ministry of Aviation conveyed the Federal Executive Council approval to the college for purchase of the hotel, vide FMA/PROC/HQ0.895/I/55, dated 2nd June, 2023, to absolve NCAT from any financial misdemeanor.

The report, therefore, challenged any interested party to contradict the college and advised the public to disregard allegations of fraud/corruption in the purchase of the hotel.

It further explained that the hotel was bought to ameliorate the accommodation problem of the college; house students in a secured and comfortable environment.

The facility is also expected to boost the internal revenue base of Africa’s hub of aviation, NCAT.

Visited 5 times, 1 visit(s) today
Previous ArticleFuel subsidy removal :Ogun governor relieves workers, pensioners.
Next Article NOVEMBER 11,A REFERENDUM ON GYB ADMINISTRATION – FANWO.
Admin

Related Posts

We’ll Be Creative, Accountable – New Chairman Of Kogi Authors’ Association

June 3, 2025

Tinubu Inaugurates 11 Roads On Saturday, May 31

May 31, 2025

ABU Alumni Kogi Branch Sets Up 10-Member Committee for July Reunion, Awards Night

May 30, 2025

Leave A Reply Cancel Reply

Recent Posts
  • Sallah: AIG Olaiya Orders Tightened Security in FCT, Niger
  • Taming Exploitative Traders: Why Nigeria Needs a Price Control Board
  • Enugu Moves to Ban Ritual Killings, Bulletproof Charms, Forest Hideouts for Crime
  • NEMA, NASEMA Sensitise Articulated Vehicle Drivers on Fire Prevention, Emergency Response
  • Police Smash Arms Trafficking Ring in Nasarawa, Arrest 2 Suspects With Deadly Weapons
© 2025 The Reporters. Designed by Domo Tech Media .
  • Home
  • Contact Us
  • About Us
  • Posts
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.