The company says the state can revoke the title of the land................................................
will cease from furthering the purchase of an expanse of land measuring 50,000 hectares it was invited to procure a decade ago by the Kogi State Government, the conglomerate said, citing its unsuitability for its investment push.
The group, according to a letter seen by PREMIUM TIMES, disclosed it has not taken ownership of the asset since the arrangement after survey revealed the land’s largely hilly topography leaves only about 30 per cent of it useful. BUA’s businesses encompass cement making, food processing, real estate, mines & steel and ports operations.
The property became a subject of discord between the two this month when the Kogi State House of Assembly directed the group to appear before it, insisting no payment has been made to consummate the transaction dating back to 2012. “We are having problems with the BUA Group over 50,000 hectares of land it acquired in 2012 and even obtained a certificate of occupancy but has not paid a kobo for the land,” said Alfa Momoh-Rabiu, the deputy speaker of the state’s legislature.
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