By Munachimso Obienyi
The Board and Management of BUA Group has informed the government of Kogi State that it is no longer interested in investing in the state over a demand notice for ground rent and payment of compensation in respect of certificate of occupancy.
According to a document seen by NwafoLive, BUA stated that the land lacked adequate infrastructure to aid investment, insecurity and that it was not suitable for investment.
The group also explained that due to these reasons they are not interested in owning the land. They also agreed to Kogi states decision to revoke the C of O.
“We are in receipt of your letter dated September 21, 2022, on the above subject matter. We wish to state for the records that BUA has yet to take possession of, and has never utilized the land due to the following reasons: lack of any infrastructure, major security challenges and outcome of feasibility of studies.”
“Finally, due to the reasons enumerated above, and the fallout associated with it, we hereby wish to indicate through this letter, and inform you that we are no longer interested in continuing with our proposed investment”, the statement from the group said.
