Press Releases

Sunborn Yacht: Lagos State Government Cleared Of Financial Involvement

Oct 15, 2009 - Lagos State Government was Thursday cleared of any financial commitment to the Sunborn Yacht Hotel as financiers of the investment; Diamond Capital Limited said the State Government has no hand in the hotel.

At a press briefing at the Lagos House Alausa, Ikeja, after a meeting chaired by the State Governor, Mr. Babatunde Fashola (SAN) to resolve the various issues surrounding the hotel, Managing Director of Diamond Capital Limited, Mr. Tony Onwu confirmed that the Lagos State Government and the taxpayers in the State have no financial commitment to the hotel.

In a short statement he read to pressmen at the occasion, Onwu declared, “Lagos State Government and the taxpayers in Lagos State do not have any financial commitment or otherwise to the entire investment that has brought this project this far”.

Expressing gratitude to Governor Fashola “for his wise counsel in ensuring the protection of what is a private enterprise between Diamond Capital Limited and its business customers”, Onwu disclosed that during the meeting chaired by the Governor, several issues relating to the commencement of operations of the Sunborn Yacht Hotel were discussed.

The Managing Director further declared, “We have every confidence in the programmes of the Governor in ensuring conducive environment for commercial enterprises in Lagos State and we look forward to working with Lagos State in actualizing this dream”.

Earlier in his remarks, the Special Adviser in the Governor’s Office, Mr. Sunny Ajose, said further mediatory meetings between the Diamond Bank and their business customers concerning the Sunborn Yacht will still be convened at a later date to resolve some issues surrounding the hotel.

Present at the occasion were the Attorney General and Commissioner for Justice, Mr. Olasupo Sasore (SAN), and the Special Adviser in the Governor’s Office, Mr. Sunny Ajose.