Cross Rivers Reaches Out-Of-Court Settlement To Re-acquire Rubber Estates

Otu declares determination to restore Cross River’s economic assets

Otu declares determination to restore Cross River’s economic assets   … As Cross River EXCO approves recovery deal for defunct Rubber Estates   The Cross River State Executive Council has approved the terms of an out-of-court settlement that will allow the government to re-acquire the defunct rubber estates previously managed by Enghaut Industries Limited. According to a press release by Nsa Gill, the Chief Press Secretary (CPS) to the Cross Riv…

Cross Rivers Reaches Out-Of-Court Settlement To Re-acquire Rubber Estates

The Cross River State Executive Council has approved the terms of an out-of-court settlement that will enable the government to re-acquire the defunct rubber estates formerly managed by Enghaut Industries Limited. The resolution was reached at the exco meeting held on Thursday, April 17, 2025, during which the council formally ratified the terms of settlement in Suit No. HC/162/2025—Enghaut Industries Limited vs. the Attorney General of Cross Ri…