Sun International, with 49 percent stake in Federal Palace Hotel, says it is leaving Nigeria, owing to “challenging economic conditions and regulatory dispute”.
The hospitality and gaming company, which becomes the fourth major South African company to exit Nigeria in 2016, said the controversial detention of five of its staff by the Economic and Financial Crimes Commission (EFCC) spurred its decision to exit Nigeria.
“Continued setbacks in Nigeria as well as the ongoing shareholder dispute have frustrated all attempts to develop and […]
Former President Goodluck Jonathan on Friday, departed Nigeria for Zambia.
He is billed to lead the African Union Elections Observation Mission, AUEOM, to the country’s election slated for October 11, 2016.
Jonathan had also led a 33-nation observer mission to the October 25, 2015 General Election held in