TRAGEDY AVERTED AS 120-YEAR-OLD ANCESTRAL TREE FALLS AT OBOSI MARKET. (PHOTO).#PRESS RELEASE.

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 Tragedy Averted as 120-Year-Old Ancestral Tree Falls at Obosi Market By Chiedu Okoye A major tragedy was averted at Eke Obosi Market in Idemili North Local Government Area of Anambra State after a 120-year-old ancestral tree collapsed, destroying shops and goods but leaving traders and visitors unharmed. The massive tree, estimated to be about 150 feet tall, fell within the market premises, damaging at least 12 shops and valuable merchandise. Residents and traders described the incident as miraculous, noting that no lives were lost despite the extent of the destruction. The fallen tree held significant cultural importance as a sacred symbol of Eke Obosi Market, which is regarded as a stronghold of the traditions and cultural heritage of the Obosi people. Beyond serving as a centre for commercial activities, the market is also known as a venue for communal traditional rites and ceremonies. Eke Obosi Market was recently rebuilt and modernised by renowned businessman, politician and ...
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ABIA STATE GOVT SEALS ABIA HOTELS AFTER REVOKING INVESTOR'S CERTIFICATE OF OCCUPANCY. (PHOTO).

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 Abia State Government Seals Abia Hotels After Revoking Investor's Certificate of Occupancy


Security operatives have sealed off the premises of Abia Hotels on Finbers Road in Umuahia, the Abia State capital, following the state government's revocation of the Certificate of Occupancy (C-of-O) granted to private lessee Investment Guarantee Limited.


The action comes one day after the administration of Governor Alex Otti announced the takeover of the facility, citing the company's alleged failure to honour a 2013 Development Lease Agreement.


A visit to the hotel on Monday revealed armed security personnel stationed at the entrance, with a prominent government notice pasted on the main gate declaring the property sealed and repossessed by the Abia State Government.


A government source, speaking anonymously to reporters, confirmed that the security deployment was to maintain law and order during the transition.


In a statement issued on Sunday by the Chief Press Secretary to the Governor, Ukoha Njoku Ukoha, the state accused Investment Guarantee Limited of breaching the 25-year lease terms. Under the 2013 agreement, the company was obligated to upgrade and redevelop the hotel to a 3-Star Protea standard and manage it accordingly.


"After 12 years, the company has failed to upgrade and redevelop the hotel to the agreed standards and is in breach of other terms and conditions," the statement read.


Despite the revocation, the government emphasised its investor-friendly stance, noting that it had paid compensation to Investment Guarantee Limited for costs incurred during partial development works.


No official response has been issued by representatives of Investment Guarantee Limited as of press time.

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