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De Rovans Hotel Ibadan not sold — Late Aiyegbeni’s family
The family of late Ibadan-based businessman, Chief Francis Aiyegbeni, says it has not sold the popular Wallan hotel formerly known as D’Rovans.
Ms Edna Aiyegbeni, daughter of the late businessman, who spoke on behalf of the family, made the disclosure during a news conference in Ibadan.
Nationaltrail reports that Aiyegbeni had reacted to a report credited to a magazine, that the popular hotel in Ibadan has been sold to a businessman.
Nationaltrail recalls the hotel was sealed many years ago by the Assets Management Company of Nigeria (AMCON) over indebtedness.
But the late businessman’s daughter described the report as false, saying the hotel has not been sold and the family has paid significant part of the debt owed.
She said that a negotiation was ongoing with Edge Executive Limited towards re-positioning the property to functional taste.
“I wish to state categorically that the report published by a magazine that the hotel has been sold to an Eruwa-born businessman is not true.
“We have an arrangement with Edge Executive Nigeria Limited to buy the building at the back of the hotel, which is one of the three phases of the hotel. This process is on and money is yet to exchange hands.
“We are also talking to the company on the management of the two other phases as a form of concessionaire.
“Talk on this is still ongoing too with the company,” she said.
According to her, the impasse between the family and AMCON has been resolved, having paid significant part of the loan owed by the hotel from the sale of a family property in Iyaganku GRA, Ibadan.
According to her, “What happened on the AMCON issue is very ridiculous. It is due to the family’s carelessness or my Dad’s failure to handover properly to the management.
“The amount actually taken from the bank was like N20 million but increased to over a N100 million due to lack of attention on the family’s part.
“The family’s property in Iyaganku, GRA has been sold to offset part of the loan. So, the amount owed has gone down significantly, ” she said.
Aiyegbeni said that the new management would take over the hotel assets and liabilities, saying the new management would offset the remaining part of the loan on agreed terms with AMCON.
She said that the ongoing arrangement would definitely bring relief to the family and save the heritage from extinction.
Aiyegbeni expressed confidence that the consultant expected to take over after conclusion of ongoing negotiation, would deploy professionalism in the management of the hotel.
Similarly, Mr Sikiru Akinniran, Managing Director, Edge Executive Limited, corroborated Aiyegbeni’s claims, saying the company was set to take over the management of the hotel.
“Our company is set to buy only a phase of the hotel which has 42 rooms and some other facilities.
“We are also negotiating on taking over management of the remaining two phases, on concessionaire basis,’’ he said.
He affirmed that the impasse between the family and AMCON has been resolved, saying the family has paid significant part of the debt.
Akinniran said that his company would offset the remaining debt to AMCON, as agreed when they take over management of the property.
He said that an effort was underway to bring the hotel back to functional state with first class services, promising the efforts would not be later that July.
Akinniran, however, said that the name of the hotel would be changed to ‘De Rovans’ towards bringing back the nomenclature of the hotel’s good old days.
News
NACCIMA Champions Direct Nigeria–China Flights to Unlock Billions in Trade and Investment
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has intensified efforts to strengthen Nigeria–China economic relations, with its National President, Engr. Jani Ibrahim, making a powerful case for direct flight operations between both countries. Speaking at the NACCIMA Business and Investment Forum on April 29, 2026, in Guangzhou during the 139th Canton Fair, Ibrahim declared that direct flights would be a game-changer for trade, investment, and industrial collaboration.
He stressed that seamless air connectivity would not only ease travel for business leaders and investors but also accelerate industrial partnerships, technology transfer, and investment flows. With China’s zero-tariff policy on imports from African countries, Ibrahim noted that Nigeria has a golden opportunity to expand its non-oil exports, diversify its economy, and strengthen its role in global trade.
The forum itself was historic. Organized in collaboration with the China Chamber of International Commerce, it brought together leading Chinese investors, Nigerian business executives, and policymakers for strategic discussions. A successful B2B matchmaking session culminated in the signing of a Memorandum of Understanding (MoU), institutionalizing the forum as an annual platform for advancing Nigeria–China economic relations.
Beyond the forum, the NACCIMA delegation actively participated in the Canton Fair and embarked on industrial tours to major Chinese companies, including Wanli Tire Corporation Limited, Guangda Shoes Factory, and Guangzhou Autoworld Export Base. These visits reinforced NACCIMA’s commitment to fostering industrial cooperation, promoting technology transfer, and building long-term investment partnerships.
The push for direct flights is more than a logistical appeal—it is a strategic move to redefine Nigeria–China relations. By bridging geographical barriers, both nations stand to unlock unprecedented opportunities in trade, investment, and industrial growth. For Nigeria, this initiative represents a chance to expand its export base, attract foreign investment, and position itself as a key player in Africa–Asia economic integration.
This bold advocacy by NACCIMA marks a turning point, positioning Nigeria not just as a participant but as a proactive architect of stronger global trade relations.
News
Senator Bwacha Submits PDP Gubernatorial Nomination Form, Declares Intent to Lead Taraba
SENATOR Emmanuel Bwacha, representing Taraba South Senatorial District, has formally submitted his nomination and expression of interest forms to the Peoples Democratic Party (PDP), officially declaring his intention to contest the governorship of Taraba State. The submission marks a landmark moment in the state’s political calendar, greeted with enthusiasm by supporters who thronged the PDP secretariat to witness the historic occasion.
In what many have described as an unprecedented show of grassroots energy, the Bwacha Youth Movement had earlier stormed the PDP secretariat to purchase the gubernatorial forms on the Senator’s behalf — setting the tone for what is shaping up to be one of the most energised political campaigns in Taraba’s recent history. Rather than leaving the purchase to a formal campaign structure or political benefactors, it was the youth who stepped forward, sending an unambiguous message that this candidacy belongs to the people. Their bold gesture has since ignited excitement across the state, drawing attention to a movement powered not from the top down, but from the ground up.
A seasoned lawmaker whose political journey spans the Taraba State House of Assembly, one term in the Federal House of Representatives, and an impressive three terms in the Nigerian Senate — where he also served as Deputy Minority Leader — Senator Bwacha stands today as one of the most experienced and battle-tested legislators ever produced by Taraba State. His formal entry into the governorship race is seen by many analysts as the natural progression of a career built entirely on service, sacrifice, and a deep commitment to his people.
“We are not here for politics of sentiment. We are here because we have seen what Senator Bwacha has done for our communities, our families, and our future. Today, we are investing in that future,” declared a spokesperson for the Bwacha Youth Movement, to thunderous applause from supporters gathered at the secretariat.
Senator Bwacha’s emergence as a gubernatorial aspirant comes at a time when Taraba State is at a crossroads, grappling with development deficits, security challenges, and a deep yearning among citizens for purposeful, accountable leadership. His backers argue that his extensive legislative record provides precisely the blueprint the state needs at the executive level.
Among his most celebrated interventions is the rehabilitation of the Donga–Mararraba road — a critical artery that had long been a source of daily misery for farmers, traders, and commuters across the senatorial district. The completion of that road is credited with reviving commercial activity along the corridor and significantly reducing post-harvest losses for rural farming communities.
Rural electrification stands as another enduring pillar of his senatorial legacy. Communities including Nyivo, Kumbu, Nyitan, and Mararraba — long neglected in the state’s power distribution grid — received electricity through the installation of over 20 transformers. Alongside this, Senator Bwacha oversaw the construction of 53 solar-powered boreholes, bringing clean, reliable water to communities that had for decades depended on unsafe sources.
In education, he equipped science laboratories at the Federal University Wukari, donated a utility bus to the institution, and established ICT centres to bridge the digital divide. His scholarship scheme has supported over 260 indigent students, ensuring that financial hardship does not become a barrier to academic excellence.
Youth empowerment has been equally central to his tenure. Through the National Directorate of Employment (NDE), he secured over 500 federal job placements and trained more than 750 young people through vocational programmes — directly addressing unemployment among a demographic that now champions his gubernatorial bid.
On healthcare, Senator Bwacha established a well-equipped primary healthcare centre in Mararraba, with dedicated maternal and child health services. Security interventions include the creation of new police divisions in Donga and Mararraba, the donation of operational patrol vehicles to law enforcement, and the installation of solar streetlights in Takum and Wukari — measures residents credit with improving safety and reducing nighttime criminality.
Political observers in Jalingo note that the combination of a robust legislative record spanning multiple chambers and an organic, youth-powered movement is a formidable political equation. The Bwacha Youth Movement’s decision to purchase the nomination forms represents a rare dynamic in Nigerian politics — a candidate propelled not by godfathers, but by the very people he has served.
As the PDP advances its internal processes ahead of the governorship election, Senator Emmanuel Bwacha now stands formally in the race — not merely as a candidate, but in the eyes of his supporters, as a covenant with the people of Taraba State.
For the youth who purchased his forms and the thousands who gathered to witness his submission, Wednesday’s events were more than a political formality. They were, in the words of one young supporter, “a down payment on the future we deserve.”
News
Hon. Hamma Adama Ali Kumo Applauds APC Consensus, Declares Full Support for Dr. Jamilu Gwamna and Governor Yahaya’s Senatorial Bid
Hon. Hamma Adama Ali Kumo, National Deputy Financial Secretary of the All Progressives Congress (APC), has congratulated Dr. Jamilu-Isiyaku Gwamna on his emergence as the party’s consensus governorship candidate for Gombe State ahead of the 2027 general elections.
In a statement issued in Abuja, Hon. Kumo described Dr. Gwamna as “a visionary leader, accomplished technocrat, and grassroots mobilizer whose credibility and capacity will strengthen the APC’s position in Gombe.” He noted that the consensus arrangement reflects the party’s commitment to unity and inclusiveness, adding that it is a step toward consolidating APC’s achievements in the state.
Hon. Kumo called on all aspirants who contested for the governorship ticket to rally behind Dr. Gwamna, stressing that collective effort is essential for the APC to secure victory. “Every aspirant remains a vital pillar of our party. By joining hands with Dr. Gwamna, we can ensure APC’s continued dominance and deliver progress for the people of Gombe,” he said.
He further commended Governor Muhammadu Inuwa Yahaya for his exemplary leadership, which has brought peace, infrastructural development, and political stability to Gombe State. Hon. Kumo emphasized that the governor’s guidance was instrumental in the smooth adoption of consensus candidates, describing him as “a leader whose vision has transformed Gombe and whose legacy will endure.”
Hon. Kumo also reaffirmed his support for Governor Yahaya’s senatorial aspiration, expressing confidence that his wealth of experience will bring quality representation to the National Assembly. He noted that Yahaya’s senatorial bid complements Dr. Gwamna’s governorship candidacy, creating a formidable team to advance APC’s mission in Gombe.
Concluding his remarks, Hon. Kumo urged party members, stakeholders, and the electorate to remain steadfast in their support for APC candidates, assuring that with unity and determination, the party will deliver victory and sustain progress in Gombe State.
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