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Odu’a shuts Lafia Hotel in Ibadan

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The management of Odu’a Investment Company Limited has shut down one of its subsidiaries, Lafia Hotels, Ibadan. The hotel located along Abeokuta Road, Apata in Ibadan was closed down following the hotel’s financial challenges which include backlog of workers’ salaries, huge debts, and non-remittance of ​statu​tory commitments, such as VAT and WHT utility bills. Victor Ayetoro,…

Please visit http://www.businessdayonline.com/companies/article/odua-shuts-lafia-hotel-ibadan/ to access this member content.

The post Odu’a shuts Lafia Hotel in Ibadan appeared first on BusinessDay : News you can trust.

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