Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Allege Sale of ₦600M Assets Amid Pending Court Case: Mgt of Abia Hotels Raises Alarm

    July 8, 2026

    Obingwa Remains PDP’s Strongest Base in Abia – Anosike

    July 8, 2026

    Bende Zoning: APC Knocks LP, Says Anyaso Lacks Intellect To Represent Bende In N’Assembly

    July 8, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Drum Africa News
    Subscribe
    • Home
    • Uncategorized

      Imo Trade/Commerce Commissioner Meets Traders, Speaks On Levies Into TSA

      June 19, 2026

      Presidential Media Team Inspects Projects In S’East

      June 15, 2026

      APC To Petition ICPC Over Naming Of Umuahia Bus Terminal After Prof Nnenna Oti

      May 28, 2026

      Imo APC Zoning Tsunami Sweeps Chief Priest, Chike Okafor, Miriam Onuoha

      May 16, 2026

      When I Become Governor My Mission Is To Create Prosperity for Abia people – JOK

      May 16, 2026
    • Politics
    • Technology
      1. Tech News
      2. Gaming
      3. Gadgets
      4. View All

      KALU: We Need Digital Overhaul Of Govt Services In Nigeria

      March 30, 2026

      Peter Obi Urges FG To Resolve Power Crisis Challenges

      November 6, 2024

      FULL LIST: Nigeria Ranks Fifth Globally In Daily Social Media Usage

      November 4, 2024

      Fire: Deputy Speaker Sympathizes with Owners of Radio Stations in Abia

      November 4, 2024

      HTC Launches a Vive VR Headset Into Space for Astronaut Mental Health

      March 10, 2022

      Hologate Announces New Plans for First Large Format World VR Arcade

      January 16, 2021
      8.5

      Pico 4 Review: Should You Actually Buy One Instead Of Quest 2?

      January 15, 2021

      DualSense Edge Wireless Controller for PS5 Launches Globally

      January 14, 2021

      The Best Early Black Friday Deals on Gadgets, Laptops and Accessories

      March 10, 2022
      8.3

      DJI Avata Review: Immersive FPV Flying For Drone Enthusiasts

      January 15, 2021
      8.9

      Bose QuietComfort Earbuds II: Noise-Cancellation Kings Reviewed

      January 15, 2021

      Thousands Of PC Games Discounted In New Black Friday Sale

      January 15, 2021

      FULL LIST: Nigeria Ranks Fifth Globally In Daily Social Media Usage

      November 4, 2024

      Here’s What Apple Really Means When It Says “Shot On iPhone”

      November 19, 2022

      Samsung is Developing Bright MicroLED on Displays for AR Headsets

      March 10, 2022

      The Best Wireless Earbuds for the Samsung Galaxy S25 & Other Models in 2024

      January 16, 2021
    • Editor’s Picks
    Drum Africa News
    Home»News»Allege Sale of ₦600M Assets Amid Pending Court Case: Mgt of Abia Hotels Raises Alarm
    News

    Allege Sale of ₦600M Assets Amid Pending Court Case: Mgt of Abia Hotels Raises Alarm

    Drum Africa CorrespondentBy Drum Africa CorrespondentJuly 8, 2026Updated:July 8, 2026025 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email Telegram WhatsApp
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    …calls on governor Otti to intervene

    …warns prospective land buyers to be mindful of pending litigation

    The management of Abia Hotels Ltd has raised an alarm over the alleged illegal sale of personal assets belonging to Investment Guarantee Ltd, the company that built and managed the hotel worth ₦600 million.

    As gathered, the management of the hotel instituted legal proceedings against the Abia State Government over what it described as the illegal sealing and the demolition of the hotel, a property it said was duly and legally contracted to Investment Guarantee Ltd under a 25-year lease agreement backed by a legally binding contract executed in 2013 to build and manage and protected by a 99-year Certificate of Occupancy.

    They lamented that despite the matter being pending before a competent court, the Alex Otti administration, in November 2025, allegedly proceeded with the sealing and the demolition of the hotel without regard to a subsisting court process where both parties have duly joined issues and without any valid or legal agreement with the management.

    According to the management, the government also restricted them access to the premises, thereby preventing them from removing their movable assets valued at over ₦600 million, which is currently in danger of absolute loot.

    In an SOS letter sent to newsmen, the management of the hotel raised fresh concerns over the alleged looting and sale of their personal belongings and operational assets, including generators, television sets, air conditioners, refrigerators, water heaters, fans, cookers, water production machines, ice cream machines, industrial baking machines, certificates, and other valuable items.

    The Chief Executive Officer of Investment Guarantee Ltd, Hon. Randie Ukawoko, who is currently in the United States on health grounds, “The Abia State Government sealed our hotel in Umuahia and partly destroyed the property. We responded by instituting legal proceedings, and the matter remains pending before a competent court, and both parties have been in constant attendance.

    “Notably, this latest escalation is particularly troubling because it comes shortly after the government made what now appears to have been a pretentious move toward an out-of-court settlement through some of its officials.”

    Ukawoko further stated, “We were never allowed to remove our valuables and operational equipment, including three heavy-duty generators and other personal property, from the premises.”

    It was gathered that this is happening at the time, the chairman and CEO were away in the United States on health grounds, leaving behind critical personal and family documents, including degree certificates, awards, law books, and other irreplaceable records.

    According to him, “It is truly astonishing and deeply disappointing that while we exercised restraint and pursued a peaceful resolution, a crowd invaded the hotel last week in the full presence of police officers and men of the Abia State Vigilante security force and was seen looting and stealing our properties. Now, the state has gone even further by embarking on the sale of our assets.

    “These actions are excessive and carried out in clear bad faith. They demonstrate a regrettable disregard for the authority of the court and the fundamental principles of fairness and due process. No responsible government should treat a legitimate business or any citizen in this manner, especially after initiating discussions toward an amicable settlement.”

    According to him, the management decided to speak out because “silence would only embolden further injustice”.

    According to him, “This is not merely about our hotel; it is about whether private property rights, court processes, and good-faith negotiations still mean anything in Abia State.

    “To members of the public, eyewitnesses, and all people of conscience: if you witnessed the sealing of the hotel, the partial demolition, last week’s looting and theft, or any attempts to dispose of our properties, or if you possess videos, photographs, or any other evidence, please preserve and share them. The truth is most powerful when it is documented.

    “Just recently, July 6, 2026, the government advertised the sale of the premises to the public for the development of a housing estate, inviting interested persons to purchase.

    “We consider it necessary to notify the general public that this property remains the subject of pending litigation, so prospective buyers are fully aware of the legal implications.”

    Ukawoko maintained that the management remains fully committed to the legal process and the rule of law, expressing confidence that justice, though delayed, will ultimately prevail.

    He called on the Governor of Abia State, Dr Alex Otti, and the relevant authorities to intervene immediately, halt the alleged sale of the assets, and allow due process to take its full course.

    According to him, the people of Abia deserve a government that respects the rule of law rather than one that appears to bend it to its will.

    He also urged members of the public to resist the temptation of purchasing properties that are the subject of ongoing litigation, warning of the legal consequences that may arise.

    Some observers are of the opinion that the Abia Hotel saga is now more political than economic and tourism, stressing that this latest action runs counter to the governor’s public statement at the flag-off of the construction of the Radisson Blue Hotel Aba that he was replicating the same hotel on the Abia Hotel Umuahia premises this year.

    “I recall that the government moved to seal and demolish the hotel following the hosting of an APC rally for President Bola Ahmed Tinubu on the hotel premises by the Deputy Speaker of the House of Representatives, Rt Hon. Benjamin Kalu,” an observer alleged.

    Meanwhile, most Abians are questioning the alllged plot by the state government to sale off the premises to the public for the development of a housing estate, stressing that it was not what they were initially told.

    Abia Hotel
    Follow on Google News Follow on Flipboard
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Drum Africa Correspondent

    Related Posts

    Kalu Briefs EU Ambassador To Nigeria on 45 Constitution Alteration Bills

    July 7, 2026

    Onyedimma Foundation Commends Abia Police For Arrest Of 35 Years Gift Nwoko

    July 7, 2026

    I’m a Welfarist Who Has Come To End Hunger, Improve Standard Of Living in Abia – Anosike

    July 4, 2026
    Add A Comment

    Comments are closed.

    Top Posts

    Rep. Benjamin Kalu congratulates new NECO Registrar Prof. Godswill Obioma

    May 26, 20204,564 Views

    BREAKING NEWS: Chima Anyaso faces possible jail time, charged with N2.1 billion forgery and fraud

    January 16, 20194,412 Views

    Developing Scandal: Chima Anyaso in court, alleged to have forged OUK’s signature to divert N7bn

    January 14, 20193,985 Views
    Latest Reviews
    8.5

    Pico 4 Review: Should You Actually Buy One Instead Of Quest 2?

    Drum Africa NewsJanuary 15, 2021
    8.1

    A Review of the Venus Optics Argus 18mm f/0.95 MFT APO Lens

    Drum Africa NewsJanuary 15, 2021
    8.3

    DJI Avata Review: Immersive FPV Flying For Drone Enthusiasts

    Drum Africa NewsJanuary 15, 2021
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Demo
    Most Popular

    Rep. Benjamin Kalu congratulates new NECO Registrar Prof. Godswill Obioma

    May 26, 20204,564 Views

    BREAKING NEWS: Chima Anyaso faces possible jail time, charged with N2.1 billion forgery and fraud

    January 16, 20194,412 Views

    Developing Scandal: Chima Anyaso in court, alleged to have forged OUK’s signature to divert N7bn

    January 14, 20193,985 Views
    Our Picks

    Allege Sale of ₦600M Assets Amid Pending Court Case: Mgt of Abia Hotels Raises Alarm

    July 8, 2026

    Obingwa Remains PDP’s Strongest Base in Abia – Anosike

    July 8, 2026

    Bende Zoning: APC Knocks LP, Says Anyaso Lacks Intellect To Represent Bende In N’Assembly

    July 8, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Technology
    • Gaming
    • Phones
    • Buy Now
    © 2026 Drum Africa News.

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