> (Hospitality Business News) December 30, 2010 – – – According to reports a Nigerian court has ordered three persons remanded in custody for their alleged involvement in a failed deal to construct a 5-star hotel in Minna.
The accused persons, Tanko Angulu, Mohammed Balaba, and Musa Wara, through SOCACIC West Africa Ltd, signed an MOU with the Niger State government to build a 5 star hotel with a total cost of N25 billion (US$ 165,000,000).
The Commissioner of Justice stated that once the MOU was signed the Government released it’s portion of the “counterpart fund” to the contractor. An amount of N500 million (US$3.3M). The Commissioner further explained that the contractors failed to start the project.