Contract breaches: Gov Otu revokes concession agreement for Obudu Cattle Ranch

From Aniekan Aniekan, Calabar

The Cross River State governor, Senator Bassey Otu has revoked the concession agreement for the Obudu Cattle Ranch.

The concession which was granted to CIBA Construction Company Limited for the management of the Obudu Cattle Ranch was revoked due to the firm’s failure to fulfill its contractual obligations.

Under terms of the concession which was granted under the previous administration, the firm was tasked with designing, financing, building, operating, maintaining, and ultimately transforming the ranch under a public-private partnership.

Checks reveal that the firm neglected to abide by key development obligations including investing in the renovation of the resort’s hotel and other essential components.

In revoking the concession, Governor Otu directed the Special Adviser and CEO of Obudu Ranch Resort, Comrade Sunday Michael, alongside other key stakeholders, to implement measures to revamp the facility.

The termination was formally communicated via a letter signed by the Attorney General and Commissioner for Justice, Barr. Ededem Ani, which detailed CIBA’s material breaches and justified the state’s decision.

The move has been widely hailed by stakeholders, who praised Governor Otu’s commitment to accountability and good governance.

Many see this decision as a bold step toward revitalizing the ranch and ensuring its economic viability.

Some residents in the area, welcomed the decision saying it’s a turning point for resort’s future.

Madam Odey, a business owner in Obanliku local government area thanked the Governor Otu for the bold decision saying it will unlock the potentials of the resort.

“This is a positive step towards bringing back the resort and unlocking its full potential for economic growth.

“I commend Governor Otu for reclaiming our heritage. God will bless him abundantly,” she said.

The Obudu Cattle Ranch is ranch and resort on the Obudu Mountains of Cross River State with a staggering 40 square miles and a peak of 1,700 meters above sea level.