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Obudu contract debt: Appeal court reserves judgment against Cross River
The Abuja division of the Court of Appeal has reserved judgment in the appeal filed by a private firm, Zedici Capital Ltd, against the Cross River State Government over a N3.8 billion contract debt. The appellant, Zedici Capital Ltd, is the firm that remodelled the Obudu Mountain Resort in Cross River State, now a subject of litigation. The three-member panel of the Court of Appeal, headed by Justice Peter Ige, reserved the date after counsel to the parties had adopted their legal submissions for and against the appeal, that is challenging the judgment of a High Court of the Federal Capital Territory (FCT), which had in 2019, refused to affirm the arbitral award to Zedici Ltd over its investment of N3.8 billion in the resort. Justice Ige announced that a date for the judgment would be comm...
NALDA to establish integrated farm estate in Ogun
The National Agricultural Land Development Authority (NALDA) says it has concluded plans to establish an integrated farm estate in Ogun State. The agency also said it would set up a cassava processing plant and train 200 graduates in the state in soil testing technology. These moves according to NALDA are in line with its determination to boost the Cassava value chain and job creation for youths in the country. The Cassava processing plant would compliment the Integrated Farm Estates to be established in the three Senatorial zones of the state. The farm estate would comprise of different agricultural activities which includes farming, processing and packaging areas, commodity market, residential areas and schools. Executive secretary of NALDA, Prince Paul Ikonne made this disclosure when h...
