Nigeria: Diamond Bank Reaches Settlement On Sunbornyacht

23 October 2011

The Lagos Sunborn Yacht Hotel, which has been enmeshed in controversy since it berthed the shores of Nigeria's largest commercial city in 2008 will soon become operational, THISDAY can authoritatively report.

This followed a settlement reached between Diamond Bank Plc, the financier of the yacht, and Multipurpose Infrastructural Development Company (MIDC), the floating hotel promoter and operator, thereby paving way for its refurbishment and subsequent commissioning in the next few months.

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