Barring any last-minute changes, the Executive Governor of Anambra State, His Excellency, Chief Dr. Willie Obiano, and Nnewi-born billionaire businessman, Chief Cletus Ibeto is set to reach an amicable agreement on the sale of Nnewi Shopping Mall.
According to reports made available to Anaedoonline.ng, Anambra State government is currently negotiating with Chief Cletus Ibeto, who has requested to buy the abandoned government property.
Although it is not yet clear how far the negotiations have gone, Anaedoonline.ng gathered that the negotiations have gone into advanced stages.
Insider sources said that the uncompleted mall will be sold in a region of N1.5bn.
It will be recalled that since the commencement of the construction of Nnewi Shopping Mall during the administration of former Governor of Anambra State, His Excellency Mr Peter Obi, the project has been riddled with many controversies both from the angle of the government and the host community, Nnewi.
The Shopping Mall is situated at the heart of the town, Nkwo Nnewi Triangle, which is one of the communal lands of Nnewi, is owned by all the four quarters in Nnewi which include; Otolo, Uruagu, Umudim, and Nnewichi.
The project which was awarded to a Chinese firm at the cost of N3bn in 2013, has been abandoned following different court litigations.
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The project site has been taken over by weeds, delinquents, and reptiles thereby posing environmental hazards to law-abiding members of the public. It is not yet clear if the sale of the property will be acceptable to Nnewi Community especially on the basis that the land is communal.
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