SPONSOR AD

Wike tackles owners of Silverbird Group over unpaid loans

Governor of Rivers State, Nyesom Ezenwo Wike (middle); the Eze Epara Rebisi XII and Paramount Ruler (King) of Port Harcourt, HRM, Eze Uchechukwu Isaiah Elikwu (right) and Managing Director of Hypercity Supermarket, Mr. Sunny Chawla  (left) during the inauguration of Hypercity Supermarket in Ogbu-nu-abali, Port Harcourt on Wednesday.

Governor of Rivers State, Nyesom Ezenwo Wike (middle); the Eze Epara Rebisi XII and Paramount Ruler (King) of Port Harcourt, HRM, Eze Uchechukwu Isaiah Elikwu (right) and Managing Director of Hypercity Supermarket, Mr. Sunny Chawla (left) during the inauguration of Hypercity Supermarket in Ogbu-nu-abali, Port Harcourt on Wednesday.

Rivers governor, Nyesom Wike has said he is delighted that measures taken by his administration to make the State an investment destination have continued to yield results.

Wike, who spoke while commissioning a new mall in Port Harcourt, however, took a swipe at the investors who come into the state with attractive business proposals to get lands from the government to use as security for huge banks loans after which they will run away.

The Governor said since his administration was ending soon, any investors that has secured land for use for business must begin to actualise that purpose or lose the land.

“Just like we said that anybody that wants land from Rivers State government, you’ll tell us the duration. Because in previous administration, people come and tell government they want to do this, they want to do that. And then, government will give them the land, and then you’ll find out that in five or six years, nothing has happened.

“Before you know it, they take government land and sell and make more money or use the government land as collateral for loan.”

Wike recalled how the land on which Silverbird Cinema is located along the Abonnema Wharf Road also secured land as an investor from the State government, but instead of concentrating on the business purposes, used it to borrow money.

The governor expressed the regret that State government is struggling to regain the land from Amcon that seized it from Silverbird for defaulting in repaying the loan it took from a bank.

“Today, you know where you have Silverbird Cinema, that is government landed property. You know that was where Obi Wali cultural centre used to be. But somebody came and told government they’re going to build something underground and this and that, and government gave the land.

“You know what the person did? He took our land and went and took loan from the bank without building what is supposed to be there. AMCON now came to seize the property that the person did not pay the loan. And today, we are struggling to take it back.”

Our Correspondent reports that Silverbird Cinema is owned by the Silverbird Group of Companies, owners Silverbird Tv and Rhythm FM Radio Station, Port Harcourt and across the country run by the popular Bruce Family.

On the new mall, Wike, according to a statement by Kelvin Ebiri,the Special Assistant on Media to the governor, said the land on which the supermarket is sited used to be a mangrove forest from where criminals terrorise the adjoining Ogbu-nu-abali community and motorists.

He noted that after his administration sand-filled the area, it became attractive to the owner of HyperCity Supermarket who has established his venture there.

Wike said his administration is more interested in anything that will attract investment and create jobs for Rivers people.

“But government took it upon itself to make sure that criminals don’t continue to thrive here. We owe the economy of the State to grow. We owe to provide security for businessmen and women, and security of communities.

Related News

“You have seen how beautiful it looks, it cost us money to sand-filled this area. Just like people are approaching us now at the other site that they want to establish this and that. We feel happy and encouraged.

“The duty of government is to provide enabling environment. I want investors to come to the State. When investors come to the state, our people will be employed. When our people are employed, government will collect taxes and use those taxes and do other things for the State.”

Governor Wike commended the management of HyperCity Supermarket for keeping to the agreed business timeline concerning the use of the land they secured from government.

Governor Wike enjoined the management to provide employment to members of the host community and Rivers youths.

He also insisted that such indigenous staff must be offered requisite training that will enable them grow to become management staff of the company.

In his speech, managing director of HyperCity Supermarket, Mr. Sunny Chuwla said HyperCITY is a modern retail store based on Hypermarket store format l.

He stated that they offer unparallel choice of local and international products cutting across the entire spectrum of consumable needs of a family under One Roof.

“HyperCITY story started a year ago. When we were given the opportunity to invest here, it came with a condition that we need to open the store before Dec. 2022, or the land will be revoked without excuses

“Today, we are glad that we have opened the 1st Store much before the deadline. Our second store is also lined up for opening very soon.

“We all know that retail is one of the largest employment sectors in the world and as at today, HyperCITY has generated over 200 direct and indirect jobs to the Rivers people in this single store.”

Inline image

Governor of Rivers State, Nyesom Ezenwo Wike (middle); the Eze Epara Rebisi XII and Paramount Ruler (King) of Port Harcourt, HRM, Eze Uchechukwu Isaiah Elikwu (right) and Managing Director of Hypercity Supermarket, Mr. Sunny Chawla (left) during the inauguration of Hypercity Supermarket in Ogbu-nu-abali, Port Harcourt on Wednesday.

Sent from Yahoo Mail on Android

, or

Load more