Premier Hotel, one of the edifices built during the defunct Western Region government, has been shut down due to financial misappropriation.
Information scooped has it that scores of workers of Premier Hotel in Ibadan, the Oyo State capital were disengaged when the once a beehive of activities centre could not pay staffs or afford other daily expenses to manage the hotel any longer.
The hotel is owned by Western Hotels Limited, a subsidiary of Odu’a Investment Company Limited, established by the defunct Western Region government.
The edifice which is around Mokola Hill has now been deserted, becoming home to reptiles of all sorts and birds.
Group Managing Director of Odu’a Investment Company Limited, Adewale Raji, when contacted, confirmed the development.
He added that the affected workers had been paid off. He maintained that the management of the hotel was conscious of the safety of the workers.
He, however, debunked reports that the hotel has been sold.
Raji said, “In line with our plans to make our hotels world-class, we are renovating Premier Hotel and upgrading its facilities to make it a five-star hotel, in collaboration with a global brand chosen by the board with the help of KPMG and approval of the shareholders.
“We want to increase the number of rooms we have and increase the capacity of the halls. We are conscious of health and safety of the people, so we had to disengage the employees. We had to pay all of them off.”
Additional report from Daily Reporters