Calabar, Nigeria – The Cross River State Governor, Bassey Otu, has revoked the concession agreement granted to CIBA Construction Company Limited for the management of the Obudu Cattle Ranch.
The termination of the agreement was communicated through a letter signed by the state’s Attorney General and Commissioner for Justice, Mr Ededem Ani.
The letter was seen by journalists on Wednesday.
It detailed CIBA’s breaches of the agreement and justified the government’s decision.
According to the government, the company neglected key development obligations, particularly those outlined in Sections 5.0, 6.0, and 14.0(b) of the agreement.
”These violations include the failure to invest in the renovation of the resort’s hotel and other essential components.
“Despite multiple breaches, CIBA continued to fall short, prompting the Cross River Government to terminate the agreement with immediate effect,” the letter read.
The governor has, therefore directed the Chief Executive Officer (CEO) of Obudu Ranch Resort, Mr Sunday Michael, and other key stakeholders to implement measures to revamp the facility.
The Obudu Cattle Ranch, also known as Obudu Mountain Resort, was developed in 1951 by a Scottish rancher named M. McCaughey.
The Ranch was, however, remodelled and made a tourist attraction by former Governor Donald Duke’s administration between 1999 and 2007.
The Ranch was one of Duke’s numerous iconic tourism projects in Cross River.
