Govt Deal Maker, Fifi Ejindu Caught In Web Of Controversies Trailing Alleged Sale Of National Theatre For N7.5b By Minister For Culture Edem Duke

…reveals role in reported secret transaction by embattled cabinent member

Society Lady making ends meet as government deal maker, Fifi Ejindu has been caught in the web of controversies surrounding the reported sale of treasure of heritage, the National Theatre.

Ejindu, a well known society lady suddenly toned down on public appearances is drawn into the raging controversy based on her attempts to play down the much talked sale as long term lease.

And to back her assertions, the walker of the corridor of power for entrepreneurial pursuits revealed her role in the controversies decorating alleged secret sale of the national theatre for N7.5b.

Ejindu speaking with online platform thecapital asserts knowledge of the deal and claimed the sale actually a lease arrangement that covers a parts of the National Theatre

Fifi Ejindu

grounds.

She informed the news spotter the arrangement would see a shopping mall and hotel spring up on affected spaces, while the national treasure of a building remains intact.

However other’s who claimed to be conversant with the arrangements labelled Ejindu and the co travellers as ‘taking advantage of the system’.

‘she is just protecting her stake in the whole enterprise and wants her patron to see her as fighting for them too’ a source claimed.

According to counter claims made to societynowng.com , the National Arts Theatre is as good as sold.

Report has it that the deal struck with the ‘buyer’ defined as Sharjah’s Mulk Holdings, a diversified UAE-based business conglomerate gives provides complete access for a long term– and a buy over option.

‘with that kind of arrangement , every other thing is fine language’ an insider analysed.

Earlier reports have it that the deal was sealed in December 2014 through fine tuning of necessary documents between a team with Minister for Tourism, Edem Duke, the General Manager of the National Theatre, Kabiru Yar’Adua and representatives of Sharjah’s Mulk Holding-the buying company credited with pooling $40 million (about N7.5 billion) counterpart fund into the initiative.

And the ‘investors’ gone ahead to officially announced its entry into the West African market with the arrangement.

While some laud the moves, those against it express concerns over alleged hidden benefits that feathers the nest of the ‘brokers’.

And these individuals have vowed to revealed all guarded details of the arrangement as they continue to mount strident campaign against the development.