The Government of Cross River, says it has taken over the possession of the foremost Tinapa Business Resort following an agreement with the Asset Management Corporation of Nigeria.

Governor Bassey Otu made this known on Tuesday, at a media parley with selected journalists in Calabar.

Otu explained that the recovery of the resort was made possible after the state government made some financial commitment to the AMCON.

He however did not disclose the amount paid to regain possession of the asset but said that the government had already initiated plans to resuscitate the business resort.

“The state spent a humongous amount to construct Tinapa and I cannot sit back and do nothing to put the place in order.

“We didn’t contemplate taking a loan for it, because no financial institution will grant such when there is an existing facility running on Tinapa,” he said.

The governor also revealed his administration’s plans to resuscitate all moribund cottage industries established by his predecessors.

According to him, nothing will be left to waste under my watch.


https://punchng.com/cross-river-reclaims-tinapa-management-from-amcon/