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De Rovans Hotel Ibadan not sold — Late Aiyegbeni’s family

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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.

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Senator Monguno Delivers Monguno LGA for President Tinubu

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Senator Mohammed Tahir Monguno, Chief Whip of the Senate and distinguished representative of Borno North Senatorial District, has once again proven his political dexterity and grassroots command by delivering Monguno Local Government Area overwhelmingly for President Bola Ahmed Tinubu during the All Progressives Congress (APC) Presidential Primaries.

The primaries, conducted in a peaceful and transparent atmosphere, drew massive participation from party faithful, stakeholders, youth groups, and women across Monguno LGA. The exercise was marked by unity, discipline, and enthusiasm, as members reaffirmed their loyalty to the APC and their unwavering commitment to the Renewed Hope Agenda championed by President Tinubu.

Senator Monguno, addressing the gathering, commended the people for their steadfastness and collective spirit. He emphasized that the success of the primaries was not merely a reflection of his leadership but a testament to the enduring bond between the APC and the people of Borno North. “Our strength lies in our unity, our discipline, and our loyalty to the ideals of progress and development. Together, we will continue to sustain the dominance of our great party,” he declared.

Observers noted that the outcome of the primaries further cements Senator Monguno’s reputation as a formidable political figure in Borno State. His ability to mobilize diverse groups – from traditional leaders and community stakeholders to youth and women organizations – underscores his deep connection with the grassroots and his commitment to inclusive leadership.

The primaries also highlighted the growing confidence of the people in President Tinubu’s administration. Many participants expressed optimism that the Renewed Hope Agenda would bring lasting development, security, and prosperity to the region. The atmosphere was charged with chants of solidarity and renewed determination to ensure the continued success of the APC at both state and national levels.

Political analysts have described Monguno’s achievement as a strategic boost for the APC in Borno State, reinforcing the party’s dominance and strengthening its prospects for future contests. The senator’s role in coordinating the primaries has been widely praised as an example of effective leadership and organizational skill.

As the APC consolidates its position across Nigeria, the Monguno LGA primaries stand as a clear demonstration of the party’s resilience and the people’s trust in its vision. Senator Monguno’s influence, coupled with the collective will of Borno North, has once again positioned the district as a stronghold of support for President Tinubu and the APC.

With this successful outing, Borno North remains united, resolute, and firmly committed to advancing the progress of the party and the nation under the leadership of President Bola Ahmed Tinubu.

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KUMO CONGRATULATES TINUBU ON PRIMARY VICTORY: “NIGERIA HAS FOUND IN YOU A LEADER WORTHY OF HER TRUST “

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Hon. Hamma-Adama Ali Kumo, popularly known as “Dattuwa”, Deputy National Financial Secretary of the All Progressives Congress (APC) and Chairman of the Governing Board of the Industrial Training Fund (ITF), has congratulated President Bola Ahmed Tinubu on his landslide victory at the 2026 APC Presidential Primary Election.
In a warm and heartfelt message, Kumo described the President’s victory as a clear and resounding endorsement by millions of ordinary Nigerians who have seen, felt, and believed in his leadership.
“Mr. President, today the people have spoken. From the North to the South, from state to state and ward to ward, APC members came out in their millions to say — we are with you. This victory belongs to every Nigerian who believes in a better tomorrow,” Kumo said.
He praised President Tinubu for the courage and humility he demonstrated by subjecting himself to the democratic process — choosing to stand and be elected rather than using the power of incumbency to sidestep the people’s verdict.
“You are a President who could have taken the easy road. Instead, you opened the door to all, welcomed a challenger, and stood before the Nigerian people to be judged. That is the mark of a true democrat, and we are proud of you,” he said.
Kumo also celebrated the Electoral Act 2026 — signed by the President — which abolished the delegate system and empowered grassroots party members across all 8,809 wards to vote directly for their preferred candidate. He described it as one of the most important gifts any President has given to Nigerian democracy.
“You did not just talk about democracy. You legislated for it, and then you lived by it. That consistency of character is what sets you apart,” Kumo added.
As a member of the APC’s National Working Committee and Chairman of the ITF Governing Board — a position he holds by the confidence of the President — Kumo said he remained fully committed to supporting the Tinubu administration in delivering on its Renewed Hope agenda for all Nigerians.
He closed with a personal charge to the President.
“Your Excellency, the mandate is yours. The people trust you. Go and finish the work. Nigeria is counting on you, and we are all standing firmly behind you.”

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CBIAMEC Elects New Executives as National Coordinator, Onomuodeke Unveils Seven-Point Agenda

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The CSO Budget Implementation, Assessment, Monitoring and Evaluation Committee (CBIAMEC) has on Friday, elected new executives to pilot the affairs of the committee, with Comrade Patrick Ogheneyero Onomuodeke, emerging as the newly elected National Coordinator.

The election, which drew members, stakeholders, and observers from different sectors, marked a significant transition in the leadership structure of the committee and reaffirmed its commitment to transparency, accountability, inclusion, and effective project monitoring across the country.

Other officers were also elected into key positions including General Secretary, Head of Operations, Head of Legal, Head of Media, among others.

Speaking shortly after the election, Comrade Patrick Ogheneyero unveiled a seven-point agenda aimed at repositioning the committee for greater efficiency, visibility, and impact. According to him, the agenda will focus on strengthening institutional capacity, promoting transparency in budget implementation processes, improving collaboration with relevant stakeholders, enhancing media visibility, deepening citizen engagement, promoting inclusiveness, and ensuring effective monitoring and evaluation of projects and policies.

He stressed the importance of unity, professionalism, and dedication among members, noting that civil society organizations must continue to play active roles in promoting good governance and accountability in the country.

The newly elected National Coordinator further pledged to run an open, inclusive, and result-driven administration that would prioritize teamwork, transparency, and national development.

The election also witnessed the presence of notable observers and stakeholders, including Comrade Adodo Solomon, Chairman Public and Private Partnership, as well as international development expert, Mrs. Tamara Jensin, President and Chairman Arc-royal International, alongside other dignitaries.

Members of the committee expressed optimism over the emergence of the new executives, describing the development as a fresh opportunity to reposition the organization and strengthen its relevance within the civic and governance space.

The event concluded with goodwill messages and renewed commitments by members to work collectively toward achieving the vision and objectives of the committee.

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