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Business InterContinental Exits Nigeria Over Debt Fallout With Partners
InterContinental Hotels Group Plc is withdrawing from Nigeria four years after it opened its first site in Africa’s most populous country following a disagreement with local partners over the terms of how to bring the property out of receivership. The U.K. company’s 358-room hotel in Lagos...- Wakanda
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Business Intercontinental Hotel: IHG threatens to exit Nigeria, Skye Bank’s receiver speaks – Daily...
Intercontinental Hotels Group (IHG) has threatened to pull out of Nigeria. The company is alleging breach of contract by Messrs Kunle Ogunba, the Skye Bank appointed receiver/manager of Intercontinental Hotel Lagos. The IHG, which went into an international management agreement with Milan...- curator
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Business 5 Reasons Why Court Ordered Skyebank To Take Over Intercontinental Hotel
Skye Bank Plc has been favoured to take over Intercontinental Hotel over an alleged debt. It appointed a Senior Advocate of Nigeria (SAN), Mr. Kunle Ogunba, as the hotel’s receiver-manager in order to preserve its assets. The hotel, with 361 rooms, is on Plot 244 and 245 (now 52) Kofo Abayomi...- ProfRem
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