National Theatre concessioning: Court summons CBN, Malami, Lai Mohammed over N1.26 trillion claim


A Federal High Court in Lagos on Friday summoned top officials of President Muhammadu Buhari’s administration over the controversial concessioning of the National Theatre to the nation’s apex bank and other top bankers.

The Public Private Partnership (PPP) arrangement between the bankers and the administration is to see a total makeover of the monument.

A firm, Topwideapeas Limited, brought a N1.26 trillion suit against the project and on Friday tabled an exparte application before the Lagos court, seeking a halt to the project.

Though its request wasn’t expressly granted, the court, presided over by Justice Ayokunle Faji, ordered the appearance of the defendants to explain the…

Source: Nigerian Tribune