Calabar, Nigeria — The Cross River State Government has officially revoked the concession agreement granted to CIBA Construction Company Limited for the management of Obudu Cattle Ranch, citing contractual violations.
The termination was confirmed in a letter signed by the Attorney General and Commissioner for Justice, Ededem Ani, highlighting CIBA’s failure to fulfill critical obligations outlined in Sections 5.0, 6.0, and 14.0(b) of the agreement.
According to the letter, CIBA did not invest in the renovation and maintenance of the ranch’s hotel and essential facilities, despite contractual commitments. “Repeated breaches and failure to meet agreed-upon responsibilities have necessitated the immediate revocation of this agreement,” Ani stated.
Following the termination, Governor Bassey Otu has directed the Special Adviser and Chief Executive Officer of Obudu Ranch Resort, Sunday Michael, alongside other key stakeholders, to implement a *comprehensive revitalization plan for the ranch.
Michael, who confirmed the termination of the 25-year concession agreement signed in 2017 under former Governor Ben Ayade, stated that CIBA’s inability to uphold its obligations under the Public-Private Partnership (PPP) model led to the government’s decision.
Originally established in 1951 by Scottish rancher M. McCaughley, Obudu Cattle Ranch, which is also known as Obudu Mountain Resort was transformed into a premier tourist destination under Governor Donald Duke (1999–2007), who introduced major infrastructure upgrades, including cable cars, road improvements, and luxury chalets.
However, in subsequent years, poor maintenance and declining government investment led to a steady deterioration of the resort. With this latest decision, the Cross River Government aims to restore Obudu Cattle Ranch’s status as a leading tourist destination in Nigeria.
By Enoch Odesola | March 5, 2025
Discover more from DnewsInfo
Subscribe to get the latest posts sent to your email.
