RIP –OFF! LAGOS AIRPORT LOSES OVER N10BILLION IN PROFIT IN FIVE YEARS

RIP –OFF!

LAGOS AIRPORT LOSES OVER N10BILLION IN PROFIT

IN FIVE YEARS

BY ABDULMUMINI ADEKU,OLADDUNNI KOSOKO.

LAGOS AIRPORT HOTEL HAS NOT WITNESSED ANY FACE LIFT IN 15 YEARS IN AN INDUSTRY WITH A FIERCE HISTORY OF RIVALRY

Lagos Airport Hotels,one of the oldest hospitality brands in Nigeria and a famed member of the Oodua Group of Companies was ripped off to a colossal sum of not less than N10 Billion in a period of around five years.

In an exclusive investigations by Paedia Express Multimedia on the matter in Lagos,Nigeria it was discovered that the top management of the blue chip were just smiling to the bank at personal expense while the company owned by the Old Western region was grappling with all sorts of challenges.

An impeccable source who is very close to the new management told Paedia Express Multimedia that it was time Nigerians change there perceptions of always mismanaging government properties as he could not imagine the fact that the same set of officials who could not manage a state enterprise now own theirs.

He disclosed that the hotel had suffered losses on a yearly basis for ove3r five years until the previous management were sacked  last December,2014 to pave way for the current one.

His words:”They continually suffer red losses for five years and around December,2014 the new Group Managing Director sacked everybody from the Executive Director to the least Assistant General Manager”

“There is no day that no type of event is held yet it was suffering a huge loss, the same group of people who could not  perform well   here are now putting  up there own hotels just directly opposite this place”

“a lot of companies within the Odua Group of Companies have been sold by politicians to themselves, they have not repaired this place in 15 years and to think that they make an average of N5million daily makes one feels so sad”

The source added that the Hotel will now be enjoying a new lease of life as it was no longer business as usual with the new man in charge said to be ready to wield the big axe to any under performing staff.