:: Cover Story...

Tuesday, October 21, 2014.

'For Sale' Talks Swirl Around, Shaka Momoh's Magnificent One Stop Hospitality Place, Planet One

The magnificent one stop hospitality place owned by exemplary entrepreneur, Prince Shaka Momoh is dense with talks of ‘up for sale’.


It is being peddled about town, the holder of the CBN Entrepreneurial Awards for the year 2009 wants to sell off the enclave of varied chapters of leisure.


No clear cut reason (s) is given for this move.


Shaka Momoh

But side talks hints at business need to remove a gulping investment to infuse fund into areas of investment with more potential yields.

Prince Shaka, a member of Nigerian/German and  Nigerian/American Chamber of Commerce drives other spinner enterprises such as Hospitality Wharehouse, Baobab Edge Limited, Basic Information and Communications System Limited, The Idowa Hospitality Academy and NIIT (an Information Communications Technology franchise) – all deep money thriving engagements.


Sources claim the need to disengage from handling the Mobolaji Bank Anthony Ikeja,

Planet One
Lagos situated major investment stem from waning returns in the face of increasing cost.


Insiders insist the founder of Baobab Foundation has received interest from the investment quietly put up for take away as far back as June 2014 but no has matched his expectation.


The whispered up for sale big money provider of ‘ happiness’ platform is an integrated entertainment centre that parades a boutique hotel, different themed restaurants, bars, a night club and a spa and wellness centre. It played host famous music reality show, West African Idols at a point.

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