Taraba savings and Loan acquires N1bn shares – CEO

Governor Ishaku

The Chief Executive Officer of the Taraba Investment and  Properties  limited, Mr. Iliya Ezekiel, Friday disclosed that the state Mortgage Bank, Taraba Savings and Loans Limited has increased her share capital to N1 billion.

He said the funds were injected by His Excellency, Arc Darius Dickson Ishaku, to meet the requirement of Central Bank of Nigeria (CBN) as the state will be converting the Bank to a bigger Microfinance Bank soon in order to cater for the needs of Taraba people.

Iliya, who stated this while  presenting cheques to old staff of the Taraba Hotels Limited in Jalingo said the state mortgage Bank achieved such a feat due to the commitment of staff  and the tremendous support of Governor Darius Ishaku of Taraba.

He also said the Taraba state mortgage Bank is a subsidiary of Taraba Investment and Properties Limited  (TRIP LTD) and was thriving above many micro finance banks in Nigeria.

He infomed that the state Investment House carried a new focus, discipline and ideas aimed at boasting performance of all subsidiaries which includes Mambila Beverages Nig Ltd, Trip Polythene Products Ltd, Taraba Oil Mills Ltd, Taraba Gas Limited, Viva Feedmill Ltd, Taraba Vegetables Limited and others which boosts revenue and employment for the state.

The CEO assured the staff of the Hotel that all their outstanding arrears owed would be paid soonest as they commit to hard work and honesty.

He said the management had issued cheques to 39 out of 166 staff who were owed during the previous administrations.

He also called on the residents of the state to patrionise the Hotel so as to boost the revenue drive in the state as the major customer of the Hotel is the state government supporting with them with guests.

The state’s Investment and Properties Boss then thanked governor Ishaku for transferring the management of the Hotel to the TRIP LTD, assuring the state of prudence in the management of resources from the Investment House.

In his remarks, Comrade Paul Sabonaye, Chairman, Taraba Hotels Staff Union commended the governor and the management of the Hotel for the payment of salary arrears being owed to workers in the organisation.

Sabonaye said that commitment of the staff to work hard to achieve their primary target and to boost revenue generation would be a top priority given the honesty displayed by the TRIP Managing Director Mr. Iliya Ezekiel.

The Union Chairman further stated that he had seen the integrity of the MD TRIP, and has come to agree with him in totality as a developer per excellence who emulated his mentor Arc. Darius Dickson Ishaku, the governor of Taraba state.

Blueprint recalls that the staff of the Hotel had protested over non-payment of their salaries amounting to nine months.

The new management of the Hotel, upon taking over of the Hotel, under the directive of the governor, promised to clear the backlog of arrears owed to workers.

The management has commenced the payment of the owed salaries in batches, and has also started full renovation of the Hotel to attract more customers.

This is considered an excellent,  honest, discipline and best way of managing a business set-up as observed by blueprint correspondent that visited the hotel and strongly recommend that TRIP LTD  management  needs to be commended by the state government for what is going on in the hotel as integrity is working  in the investment House.

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