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Published On: Mon, Mar 3rd, 2014

BENCCIMA loses over N1m property rent

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From Osaigbovo Iguobaro, Benin

The Benin chamber of commerce, Industry, Mines and agriculture (BENCCIMA) has lost the sum of N1, 020, 000.00 (one million twenty Thousand Naira) property rent to some defaulting tenants.

President of BENCCIMA, Andy Edobor dropped the hint last weekend at the 47th Annual General Meeting (AGM) of the council held at the Trade Fair complex in Benin City.

Edobor alleged that some of the fleeing tenants who hired 36 stores built to augment its finances at various time secretly packed away at night without paying their rents.

“…We cross checked the stores records. Our discovery was amazing and disturbing. The chamber has lost about N1, 020, 000.00 to some of the tenants who secretly packed at night without paying their rents.”

He blamed past administration for failing to put measures in place to check the excesses of the tenants, stating that BENCCIMA is in court with one of the tenants who illegally occupied one of the stores and

was unwilling to pay rent.

He listed tenancy agreement has been signed the tenants presently occupying the stores with a refundable payment of N15, 000.00 per store as part of measure to prevent a re-occurrence of s similar imbroglio.

Past President of National association of chamber of commerce, Industry, mines and agriculture (NACCIMA), Chief Simeon Ekwenuke announced the dissolution of the interim executive set up on 19th June 2013 after the presentation of report by interim management of BENCCIMA who returned Andy Edobor unopposed.

Chief Benjamin Ezekwere was elected as Deputy President, Mrs Aina Omo-Ojonu, Vice President, Blessing Irabor, Public Relations Officer for the next three years. John Imalingmhe was appointed as Executive Secretary. The position of the legal Adviser was declared vacant.

Edo State commissioner for commerce and Industry, Macdonald Obasuke, represented by Ms Osayuware Idahosa, said the `turnaround in BENCCIMA was a welcome development’.

He challenged the new leadership on wealth creation that would assist the State government on employment generation instead of going lethargic’’.

He said the State government will meet all financial statutory requirements to enable it attract the N2 billion Central Bank of Nigeria (CBN) loan whose interest rate is 15 percent per annum

despite the suspension of CBN Governor, Mallam Sanusi Lamido Sanusi.


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