The Abia State Government has announced the revocation of the Certificate of Occupancy of Abia Hotels, Umuahia, and has taken back full possession of the facility from Investment Guarantee Limited, the company that had been leasing and managing the hotel since 2013.
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According to the government, the action became necessary after Investment Guarantee Limited failed to meet the terms of the Development Lease Agreement, which required the company to upgrade and redevelop Abia Hotels into a 3-Star Protea-standard facility within the agreed timeframe. Twelve years after the agreement was signed, the company reportedly failed to carry out the required redevelopment and was also in breach of other contractual obligations.
Despite the breach, the Abia State Government stated that, in line with its investment-friendly stance, it offered and paid compensation to Investment Guarantee Limited to cover the costs the company had already incurred. This measure, the government said, was taken to support the investor while enabling the state to reposition the hotel for its intended public use.
Reaffirming its commitment to fostering a conducive business environment, the Abia State Government emphasized that state-owned assets must be utilized effectively and in the best interest of citizens.
The announcement was made by Ctz. Ukoha Njoku Ukoha, Chief Press Secretary to the Executive Governor of Abia State, on November 16, 2025.
