Connect with us

News

Kola Karim’s Shoreline Group Signs $300 million Deal With Accor to Develop Nigeria’s First National Hotel Platform

Published

on

Kola Karim’s Shoreline Group has signed a letter of intent with Accor, a world leading hospitality group to establish Nigeria’s first national hotel platform.

The signing took place during the Africa Forward Summit 2026 hosted jointly by Kenya and France in Nairobi.

This ambitious partnership is set to make a significant contribution to the evolving Nigerian hospitality landscape with a substantial investment from Shoreline of $300 million, leveraging Accor’s renowned brand portfolio and expertise.

As gathered the strategic collaboration aims to develop a hotel network across Nigeria, encompassing 10 hotels across eight cities and over 1,200 rooms by 2030.

These properties will span various segments, from midscale to luxury, catering to diverse travelers and contributing significantly to the nation’s tourism growth.

The project also includes the establishment of a dedicated hospitality training Academy to nurture local talent and create approximately 1,000 direct jobs.

Mr. Sébastien Bazin, Chairman and CEO of Accor, stated: “We are thrilled to partner with Shoreline Group to unlock the immense potential of Nigeria’s hospitality sector. This partnership is a testament to our belief in Nigeria’s dynamic future.

See also  Nigeria’s crude oil production increased to 1.3m bpd in July - OPEC

“By combining Shoreline’s deep understanding of the local market with Accor’s global expertise and diverse brand portfolio, we are poised to create an unparalleled hospitality offering that will set new benchmarks for quality and service.

“Crucially, the establishment of the Accor Academy is integral to this vision, enabling us to deliver immediate talent development for the Shoreline hotel portfolio, demonstrate our long-term commitment to Nigeria through dedicated training facilities, and solidify Accor’s position as the employer and educator of choice in West Africa.”

Mr. Kola Karim, Chairman of Shoreline Group commenting on the development said: “This partnership is central to Shoreline’s strategy of building institutional-quality infrastructure platforms across Africa.

“We anticipate hospitality infrastructure becoming increasingly vital for capital movement and development, particularly in Nigeria where high-quality room supply is underserved. Our choice to partner with Accor highlights our focus on operational excellence and long-term value.

“The hospitality academy is crucial, alongside physical hotels, for developing local talent to sustain international standards. It will support our portfolio and enhance Nigeria’s hospitality workforce.

See also  Kola Karim Urges Nigeria to Aim Higher: Calls for 5 Million Barrels Daily and Stronger Execution in Energy Reforms

“This investment aligns with Shoreline’s broader focus on strategic assets in energy, infrastructure, and industrial development. We view hospitality as a natural extension: real infrastructure supporting economic activity, local capability, and national growth.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

EFCC arraigns blessing CEO over alleged ₦36m fraud

Published

on

By

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission has arraigned Okoro Blessing Nkiruka before the Federal High Court in Lagos over an alleged ₦36 million fraud.

Blessing CEO, a social media personality and self-acclaimed relationship adviser, was arraigned on Friday before Justice D.I. Dipeolu on a two-count charge bordering on obtaining money by false pretence and alleged theft involving ₦36 million.

According to the EFCC, the defendant allegedly obtained the money from one Mrs. Ifeyinwa Nonye Okoye under the pretext of securing a six-bedroom duplex in Lekki, Lagos — a claim prosecutors said she knew to be false.

During proceedings, defence counsel P.I. Nwafor informed the court that the defendant had refunded ₦24 million to the complainant and requested a short adjournment to allow discussions over the outstanding balance.

“We have an application to make. The defendant approached the nominal complainant and refunded ₦24 million out of the ₦36 million.

See also  Don’t swear in Tinubu | There’s no president-elect for now, Datti tells CJN

“We are asking for a short adjournment to resolve the outstanding balance. The nominal complainant agreed that if the balance is paid, they can prevail on the EFCC to drop the case,” the lawyer said.
However, prosecution counsel S.I. Suleiman opposed the request, insisting that the commission was not involved in any private settlement arrangement.

“The complainant here is the Federal Government of Nigeria, and we are here for the arraignment. We urge that the defendant take her plea, as that is the business of the day,” he argued.
Ruling on the matter, Justice Dipeolu held that settlement talks could continue independently but would not stop the arraignment process.

“The defence and the nominal complainant can have discussions even during the pendency of the charge. It does not affect the proceedings before the court. The defendant will take her plea,” the judge ruled.

One of the charges alleged that between July 14 and 17, 2024, Blessing CEO fraudulently obtained ₦36 million from the complainant over a purported property lease in Lekki.
Another count accused her of unlawfully converting the money to personal use, contrary to provisions of the Criminal Code Act.

See also  JUST IN: Court order didn’t invalidate Ighodalo’s candidacy, says Edo PDP

She pleaded not guilty to the charges.

Following her plea, the prosecution asked the court to commence trial and remand her in a correctional facility, while the defence requested that she remain in EFCC custody pending bail arrangements.
Justice Dipeolu subsequently ordered that the defendant be remanded in EFCC custody and adjourned the matter until June 5, 2026, for commencement of trial.

Continue Reading

News

Good morning! Nigerian Newspapers  Headlines: 2027: Atiku, Amaechi submit ADC presidential forms

Published

on

By

1. Former Vice President Atiku Abubakar and former Minister of Transportation Rotimi Amaechi on Thursday submitted their nomination forms at the party’s national secretariat in Abuja.

Atiku, in a post on his X handle on Thursday, said his presidential bid represents a broader movement aimed at restoring national prosperity and rebuilding Nigeria. Amaechi, on his part, pledged to turn the country around within four years if elected, arguing that competence, experience and performance—not ethnicity or political sentiment—should determine the 2027 contest

2. Oyo State Governor, Seyi Makinde, on Thursday formally joined the presidential race for 2027 under an alliance involving the Peoples Democratic Party and the Allied Peoples’ Movement. In his declaration speech delivered at a rally held at Mapo Hall, Ibadan, and witnessed by a mammoth crowd, Makinde said he is running under the PDP/APM alliance.

3. The All Progressives Congress, APC, Thursday, shifted the House of Representatives primary scheduled to commence today, Friday, to Saturday, May 16, 2026. A statement by the party’s Publicity Secretary, Felix Morka late Thursday, however, said previously announced primary election dates for the Senate, State Houses of Assembly, Governorship and Presidential remain unchanged.

See also  NDLEA arrests seven, seizes 37.3kg cocaine, heroin, skunk at Lagos airport

4. A Federal Capital Territory High Court in Gwarimpa, Abuja, on Thursday, ordered the remand of the founder of the Prophetic Victory Voice of Fire Ministry, Pastor Amos Isah, over the alleged rape of a 14-year-old church member. Justice Modupe Osho-Adebiyi directed that the 39-year-old cleric be kept in custody pending the submission of his previous bail records.

5. Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, on Thursday disclosed that he almost lost his position last year due to the alleged involvement of actor-turned-politician Desmond Elliot in the political crisis that rocked the Lagos State House of Assembly during the speakership tussle involving Mudashiru Obasa.

6. A United States-based lobbying firm, Von Batten-Montague-York, L.C., has said representatives of former Vice President Atiku Abubakar met with those of US Congressman Riley Moore to discuss election integrity and security challenges in Nigeria. The firm disclosed the meeting in a statement posted on its X handle on Thursday.

7. Fresh tensions have erupted across several states as the ruling All Progressives Congress commences its primaries on Friday (today) ahead of the 2027 general elections, forcing party leaders and key stakeholders loyal to President Bola Ahmed Tinubu to intensify consultations to prevent a full-blown internal crisis. The growing unrest, which has triggered protests, collapsed consensus negotiations, and led to accusations of candidate imposition and reconciliation efforts across multiple states, comes as the APC leadership races to preserve party cohesion before the primaries gather momentum nationwide



See also  JUST IN: Court order didn’t invalidate Ighodalo’s candidacy, says Edo PDP

8. President Bola Ahmed Tinubu on Thursday said Nigeria has attracted nearly $20 billion in foreign direct investments this year. Speaking during a panel session at the ongoing Africa CEO Forum, President Tinubu attributed the inflow to reforms aimed at improving transparency, efficiency, and investor confidence in the country.

9. Troops of the Joint Task Force, North East, Operation HADIN KAI, have rescued six abducted civilians, neutralised terrorists, and arrested suspected collaborators in ongoing clearance operations across parts of Borno and Yobe States. The military said the operations were conducted under Operation DESERT SANITY and based on credible intelligence targeting identified terrorist movement corridors in the region

10. Members of the All Progressives Congress, APC, in Oluyole Federal Constituency of Oyo State on Thursday staged a protest against the alleged imposition of a candidate ahead of the forthcoming House of Representatives primary election. The aggrieved party members stormed the APC state secretariat in Oke Ado, Ibadan, in large numbers to formally register their dissatisfaction over the development.

See also  Itunu: FG, family reject autopsy, demand justice

Continue Reading

News

Thousands storm Somolu as Orekoya declares for second term

Published

on

By

Thousands of residents, party supporters and political stakeholders on Thursday thronged Oke Meta Memorial Primary School, Somolu, Lagos, as the lawmaker representing Somolu Constituency I in the Lagos State House of Assembly, Hon. Abiodun Orekoya, formally declared his intention to seek re-election in 2027

The event, which attracted a large crowd from different parts of the constituency, turned into a public show of support for the All Progressives Congress (APC) chieftain, whose first term in office has been marked by legislative interventions, youth-focused programmes and constituency projects.

Addressing supporters at the gathering, Orekoya said his decision to seek another term was driven by the need to consolidate on developmental initiatives already started within the constituency.

He urged residents to sustain their support for his administration, promising to intensify efforts in the areas of education, empowerment, youth development and infrastructural renewal if returned to office.

“We have started a journey of growth and development in Somolu, and there is still more work to be done. With your continued support, we will build on the achievements already recorded,” he said.

See also  Fubara: Why I inaugurated road in Wike’s LG

Orekoya, who currently chairs the House Committee on Youth and Social Development, has played active roles in several legislative processes at the Assembly. Among bills linked to his legislative contributions are the Lagos State Administration of Civil Justice Bill 2023, the Local Government Administration Bill 2024, and the Community Development Association Bill 2024.

In the education sector, the lawmaker has facilitated bursaries for 147 students, while four others reportedly secured full scholarships through his intervention. He also distributed 250 General Certificate Examination (GCE) forms and 150 Joint Admissions and Matriculation Board (JAMB) forms to students across the constituency.

His empowerment initiatives have equally impacted several residents, with over 341 constituents benefitting from business grants, vocational tools and financial support aimed at encouraging small-scale enterprise development. In addition, 29 individuals were assisted in securing employment within the Lagos State public service.

As part of youth engagement efforts, Orekoya has sponsored exchange programmes, youth mentorship initiatives, football tournaments and youth-police dialogue sessions targeted at promoting leadership and social inclusion among young people in the constituency.

See also  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Police confirm abduction of 86 persons in Kaduna

Residents who spoke at the event described the lawmaker as accessible and community-oriented, noting that road rehabilitation projects facilitated during his tenure had improved movement and commercial activities in parts of Somolu.

Several supporters at the declaration also pledged continued backing for his re-election bid, insisting that his performance in office justified another term in the Assembly.

Continue Reading

Trending News