Africa: Ibru Family Dispute, Other Reasons Force Sun Int’l out of Nigeria

The dispute among members of the Ibru family over the ownership of Federal Palace Hotel in Victoria Island, Lagos, was one of the reasons cited by the South Africa’s hotel and gaming group, Sun International, for pulling out of Nigeria. Reuters reported monday that Sun International was the latest South African business to exit Nigeria because of weak economic growth […]

Read more

African hotels: ‘Five Star hotels in Nigeria can compete anywhere in the world’- David Kliegel

Federal Palace Hotel has created green lawn within a large city Federal Palace Hotel and casino, presently managed by the Sun International which is also a major shareholder, was built in the 1950’s. Today, with a great history behind it, and the hotel striving to retain its apex place in Nigeria’s hospitality business, it is now challenged on many fronts. […]

Read more