Crisis arising from Federal government’s handover of the National Theatre to the Central Bank of Nigeria, CBN, and the Bankers Committee is further escalating as an investor has petitioned the apex bank
demanding full compliance with concession bid earlier conducted on the facility in 2015.
It would be recalled that two companies, Topwide Apeas and Jadeas Trust had earlier made similar move and even went to court over the facility. The case has been slated for hearing on October 29, 2020.
While that is pending, the management of Calzada Limited has written to the CBN, saying it participated in a very competitive concession bid conducted by the Federal Government on ‘The Fallow Land around the National Theatre’ and emerged as the ‘Preferred Bidder.’
The company said it had gone ahead after winning the bid, and began setting up structures and facilities for the project before the current government came into power, and unilaterally put a wedge on its progress.
The letter, written by its legal representatives, Elias Mordi and Co, dated July 17 is titled- ‘Re-Concession of the fallow land around the National Theatre in line with master plan (Nigeria Entertainment City),” has as its subtitle “Demand for Justice and Compliance with the bid awarded to Caldaza Limited.