• Latest
  • Trending
Cross River Govt., investor settle rubber estate ownership outside Court

Cross River Govt., investor settle rubber estate ownership outside Court

May 29, 2025
Stakeholders Brainstorm on CRGIS Project, Emphasizing Inclusivity and User-Friendliness

Stakeholders Brainstorm on CRGIS Project, Emphasizing Inclusivity and User-Friendliness

July 15, 2025
We’ve Pocketed Government, Buried Institutions-Cross River  Anglican Bishop

We’ve Pocketed Government, Buried Institutions-Cross River Anglican Bishop

July 15, 2025
APC closes national, state secretariats over Buhari’s death

APC closes national, state secretariats over Buhari’s death

July 14, 2025
Dental students rage as UNICAL accreditation crisis threatens 300 Careers

Dental students rage as UNICAL accreditation crisis threatens 300 Careers

July 14, 2025
JUST IN: Man electrocuted while vandalising power line in Cross River

JUST IN: Man electrocuted while vandalising power line in Cross River

July 14, 2025
Cross River Salutes NDDC at 25, Hails Legacy of Inclusive Development and Regional Impact

Cross River Salutes NDDC at 25, Hails Legacy of Inclusive Development and Regional Impact

July 13, 2025
JUST IN: Chelsea beats PSG 3-0 to lift FIFA club W-cup

JUST IN: Chelsea beats PSG 3-0 to lift FIFA club W-cup

July 13, 2025
Buhari dies after prolonged illness in London

Buhari dies after prolonged illness in London

July 13, 2025
Wilmar Officially Takes Over CREL (Eng-Huat) in Historic Handover Ceremony, Pledges Inclusive Growth and Community Empowerment

Wilmar Officially Takes Over CREL (Eng-Huat) in Historic Handover Ceremony, Pledges Inclusive Growth and Community Empowerment

July 13, 2025
Cross River varsity, students face-off over dental council admission quota

Cross River varsity, students face-off over dental council admission quota

July 11, 2025
CRSCF thanks Cross River South for massive turnout at unity rally

CRSCF thanks Cross River South for massive turnout at unity rally

July 10, 2025
Chief of staff, Hon. Emmanuel ironbar Honours Former Governor Liyel Imoke at 64.

Chief of staff, Hon. Emmanuel ironbar Honours Former Governor Liyel Imoke at 64.

July 10, 2025
PrimetimeNews
Wednesday, July 16, 2025
Subscription
Advertise
  • Politics
  • Lifestyle
  • Business
  • Governance
  • Humanity
  • Community report
  • Pastoral
  • Education
  • Environment
No Result
View All Result
PrimetimeNews
No Result
View All Result

Cross River Govt., investor settle rubber estate ownership outside Court

by Prime Time
May 29, 2025
in Agriculture, Bereavement, Business, Economy, Governance
0

By Asuquo Cletus

The Cross River State Government has reached an out-of-court settlement with Enghaut Industries Limited, paving the way for the recovery of the state’s defunct rubber estates, formerly managed by the company.

YOU MAY ALSO LIKE

We’ve Pocketed Government, Buried Institutions-Cross River Anglican Bishop

APC closes national, state secretariats over Buhari’s death

With this development, the state regains control of approximately 22,000 hectares of rubber plantations spanning Akamkpa, Biase, and Yakurr Local Government Areas previously assets of the now-defunct Cross River Estates Limited (CREL).

The dispute began after the state government revoked Enghaut’s Certificate of Occupancy on June 14, 2024, citing failure to effectively manage the estates, which had suffered from years of neglect and degradation. Enghaut responded with legal action, resulting in the court case now amicably settled.

The agreement was formally approved during the State Executive Council meeting held in Calabar on Thursday, following the ratification of settlement terms in Suit No. HC/162/2025—Enghaut Industries Limited vs. the Attorney General of Cross River State and another.

Governor Bassey Otu of Cross River State described the settlement as a significant step toward revitalizing Cross River’s agricultural sector.

He reaffirmed his administration’s commitment to reclaiming state-owned assets and putting them to productive use for the benefit of the people.

“The amicable resolution opens the door for strategic partnerships with credible investors. We are determined to revive these estates, generate employment, and build a sustainable rubber value chain that benefits our economy and communities,” Governor Otu said.

The Exco meeting also marked Governor Otu’s return to official duties following a three-week vacation. He expressed gratitude to Deputy Governor Peter Odey for efficiently overseeing state affairs in his absence, and thanked the Executive Council for maintaining stability during the period.

In addition, Governor Otu announced the prioritization of three major road projects under the state’s infrastructure renewal programme: the Boki East-West Road, the Okpoma–Mfum Junction Road, and the John Okpa Road in Obubra. He noted that the rehabilitation of the John Okpa Road is a tribute to the late Deputy Governor John Okpa, whom he described as a “pillar of democracy.”

The governor also unveiled plans to develop Ikom, a key commercial hub and border town, through the establishment of an international market and a modern motor park. According to him, Ikom’s strategic role in cross-border trade with Cameroon, and its thriving agricultural and auto parts markets, makes it a top priority for infrastructural expansion.

The Exco meeting was attended by Deputy Governor Odey; Secretary to the State Government, Prof. Anthony Owan-Enoh; Head of Service, Dr. Innocent Eteng; Chief of Staff, Emmanuel Ironbar; and other members of the State Executive Council.

ShareTweetPin

Search

No Result
View All Result

Search

No Result
View All Result

Categories

  • Achievements (12)
  • Agriculture (24)
  • Bereavement (64)
  • Breaking News (23)
  • Business (7)
  • Capacity Building (6)
  • Community report (21)
  • Crime (9)
  • Development (13)
  • Disclaimer (6)
  • Economy (15)
  • Education (26)
  • Entertainment (5)
  • Environment (12)
  • Exclusive (2)
  • Features (1)
  • Governance (82)
  • Government (7)
  • Health (17)
  • Human Capacity Development (11)
  • Human rights (15)
  • Humanity (25)
  • Jurisprudence (6)
  • Leadership (7)
  • Lifestyle (24)
  • National Assembly (1)
  • Opinion (3)
  • Pastoral (28)
  • Politics (64)
  • Property (1)
  • Public Safety (10)
  • Public Trust (11)
  • Security (24)
  • Service (5)
  • Special report (6)
  • Sport (13)
  • Sports (6)
  • Tourism (5)
  • Uncategorized (16)

Recent News

  • Stakeholders Brainstorm on CRGIS Project, Emphasizing Inclusivity and User-Friendliness
  • We’ve Pocketed Government, Buried Institutions-Cross River Anglican Bishop
  • APC closes national, state secretariats over Buhari’s death
  • About
  • advertise
  • Privacy & Policy
  • Contact Us

© 2024 Primetimenews -

No Result
View All Result
  • Politics
  • Lifestyle
  • Business
  • Governance
  • Humanity
  • Community report
  • Pastoral
  • Education
  • Environment

© 2024 Primetimenews -