Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

Caramelo Bar’s owner laments over N500m loss following demolition

Amaka Obioji by Amaka Obioji
May 14, 2019
in Company News
Caramelo Bar
Share on FacebookShare on TwitterShare on Linkedin

Mr Maxwell Eze, the owner of exquisite Abuja-based nightclub, Caramelo Bar, has expressed his dismay after government officials destroyed his N500 million bar.

According to a report by Premium Times, officials from the Social Development Office on Monday demolished the night club, barely two days after a demolition notice was issued.

The club owner blamed one Bello Mohammed for the demolition, even as he blamed the authorities for failing to consider the country’s flailing economy and the many workers who would go jobless because of the demolition.

RelatedPosts

No Content Available

According to the report, none of the officials were able to give reasons why the club was demolished. Efforts to get get them to give explanations were ignored.

The backstory: The demolition came after the bar was raided and about 34 women arrested for prostitution on April 19. Following the incident, which generated a lot of uproar across the country, the Police and Abuja City Administration issued a statement saying they were on a mission to rid the nation’s capital of prostitution and other acts they deemed immoral.

News continues after this ad


The location of the structure wasn’t approved? According to comment from the city’s administration, Caramelo Bar was built on a piece of land marked for a hospital or school by the town planning office, an arrangement that was breached for the seven years the club was erected on the land.

Sharing his disappointment, Mr Eze alleged that the officials’ action was deliberate.

News continues after this ad


“They just destroyed N500 million in a struggling economy, this is deliberate sabotage of this country’s economy.

“At least 105 Nigerians were in direct employment at Caramelo, with the lowest paid not getting below the minimum wage.

“Now, not only the 105 people have been rendered jobless, our suppliers and other indirect labourers will have to find ways to earn a living for themselves and families.”

The company has been registered for over 7 years: According to some workers at Caramelo Bar, the business was properly registered by the authorities, even as it paid federal taxes and other levies to at least 15 offices.

Related

Tags: Caramelo BarDemolition of Caramelo Bar

Comments 1

  1. Muogbo Charles says:
    May 15, 2019 at 12:25 am

    This is a deliberate sabotage of an economy struggling were many of its citizens are unemployed while those who try to make ends meet are underemployed..my warm heart goes to does who have been deprived of there jobs..may God provide you guyz with a more payable jobs than these..Amen

    Reply

Leave a Reply Cancel reply

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

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Gains from MTN not enough to stop Nigeria’s stock market from shedding N95 billion
    • ChamsSwitch gets Visa recognition, enlisted on Visa Global Registry
    • 3 ways to solve electricity crisis in Nigeria – Atiku Abubakar

    Follow us on social media:

    Recent News

    Stock News

    Gains from MTN not enough to stop Nigeria’s stock market from shedding N95 billion

    August 19, 2022
    ChamsSwitch gets Visa recognition, enlisted on Visa Global Registry

    ChamsSwitch gets Visa recognition, enlisted on Visa Global Registry

    August 19, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com