A private firm, Lamash Property Limited, which entered into a Public Private Partnership (PPP) with government of Kano State on the redevelopment of Daula
The firm, which expressed surprise that the new Kano government could go as far as to demolish a multi-billion naira hotel owned by it under any guise, said the project was initiated under the administration of the immediate-past Governor Abdullahi Ganduje, through PPP, to create jobs for the people and generate revenue for the state.
“The value of the land being the equity contribution of the Kano State Government into the project plus the agreed profit share of the state government all in the sum of Two Billion Two Hundred and Ninety Seven Million Sixteen Thousand Six Hundred and Twenty Two Naira Eighty Nine Kobo only was converted into the Hotel and its ownership was given to the Kano State Government as its share into the project under the PPP arrangement.
“It was to say the least a development most appalling that in this era of paucity of funds available to government and high rate of unemployment in the country, the state government under whatever guise, decided to demolish a property that belongs to it and was supposed to bring in huge revenue to the government and also help reduce unemployment in the state, among others.
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