Home of Nigeria Latest News and Updated Information
tag-iconCBN , National Theatre , Sunday Baba

CBN clears air on taking over National Theatre

user_icon Posted by:
Tiamiyu Saheed Oluwatosin
views-icon Views:
like-icon Page likes:
dislike-icon Page dislikes:
calendar-icon Posted on: 2020-09-08 01:23:52
share-icon Share(s):

The immediate past Acting General Manager of the National Arts Theatre, Lagos State, Mr. Sunday Baba, on Monday, said that the Central Bank of Nigeria (CBN) didn’t take over the national monument.
Baba explained that the CBN, through the Bankers’ Committee, would only renovate the theatre complex and hand it over to the Federal Government.
He stated this during an interview with NAN on his experience as the Acting General Manager of the theatre.
Baba said: “The edifice built in the 70s is wearing out and needs proper attention to meet standards; it requires a huge amount to execute the project.
“It was on that note that the Federal Government gave approval to the CBN and the Bankers’ Committee that have intervention funds to take responsibility for the renovation.
“They are to redevelop the entire complex and upgrade outdated facilities; it will last for 18 months.
“On completion, they will hand over the renovated complex to the Federal Government and National Theatre management.”
Baba noted that the official handover to the CBN and Bankers’ Committee for the renovation was held in July.
He added: “During the handover, the Minister of Information and Culture, Alhaji Lai Mohammed, made it clear that no member of staff would lose his or her job.
“We need to make it clear once again and for better understanding that CBN is not taking over the National Theatre.”
He expressed optimism that the glory of the edifice would be restored and it would remain Nigeria’s pride while retaining its position as the primary centre for performing arts as it was in the late 70s and 80s.
NAN reports that the Federal Government on July 12, in the Theatre Complex, officially handed over the edifice to the CBN and Bankers’ Committee for renovation and redevelopment

DO YOU KNOW >>> 22-year-old herder sentenced to four years imprisonment for kidnapping

READ ALSO >>> CBN probes 71 companies (Full list) - Forex deals



BREAKING >>> 22-year-old herder sentenced to four years imprisonment for kidnapping

For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below


NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.