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Ayade Finalizes Plans Of Selling Tinapa To American Investors

Following a memo from the Personal Secretary to State Governor, Mrs. Jumbo Margaret Unyalachie, Cross River Daily can confidently report that the state governor, Sen. Ben Ayade has finalized plans of selling Cross River State’s most costly asset, Tinapa Business and Leisure Resort to an American company, ROPA Corporation Inc. located at #8219 Candlegreen Lane, Houston, Texas with Mr. Robert Glover as President and Chief Executive Officer.

The multibillion naira asset which commenced Cross River State’s journey to the land of “unpayable debt” was initiated by former governor, Donald Duke and commissioned on April 2nd, 2002.

Seventeen (17) years down the line with nothing to show forth, the incumbent governor, Ben Ayade has no other plan for the failed project than to take it to market and ROPA are considered the favourite suitors for the $450 million (N162 billion) merchandise.

Cross River Daily understands that the State Government has been advertising Tinapa, perhaps, on international markets for years now as the said memo from Mrs. Margaret was, but a reply to an interest of purchase registered in March, 2018 by ROPA.

The memo, dated June 26, 2019 with reference no GO/S/17/Vol.1/149, titled, ‘Re: Expression of Interest to Acquire and Gain Assets of Tinapa in Calabar, Nigeria’ reads in parts:

“I write on the directive of His Excellency, Senator Prof Ben Ayade, Governor of Cross River State, Nigeria to acknowledge receipts of your letter dated March 11, 2018, wherein you expressed interest to gain the liquidated assets of Tinapa with the associated licenses and assets.

“The Cross River State Government notes your interest in acquiring Tinapa and wishes to inform you that arrangements are ongoing with the Assets Management Corporation of Nigeria (AMCON) to meet with you and chart the way forward.

“Please be notified that the meetings between your good self, the Cross River State Government and AMCON have been scheduled to hold between 16th and 18th July 2019.

“The meeting between the State Government and your organization in Calabar, including a visit to Tinapa is scheduled to take place on Tuesday, 16th while the tripartite meeting at Abuja will hold on Thursday 18th July 2019

“Accordingly, kindly please furnish us with details of all the parties that shall becoming to Nigeria for the engagement from your organization, to enhance a formal invitations and to also fast tract the visa process.”

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