Barely one year after Nigerians stopped him from turning the National Theatre into a hotel, the Minister of Culture and Tourism, Edem Duke, secretly jetted off the country to the United Arab Emirates, UAE, where he traded off the nation’s cultural pride to Mulk Holding, a diversified UAE-based conglomerate with interests in retail sector and other businesses.

The secret deal which was successfully shielded from the Nigerian media, in spite of a subsisting concessioning arrangement with the Bureau of Public Enterprises, BPE, was signed and sealed in December , 2014 between a delegation led by Duke, the General Manager of the National Theatre, Kabiru Yar’Adua and representatives of Mulk Holding, said to be ploughing the sum of $40 million (about N7.5 billion) counterpart fund into the project.

According to GulfAfrica Review, in its December 10, 2014 edition, Sharjah’s Mulk Holdings, a diversified UAE-based business conglomerate, “has announced its entry into the retail sector in West Africa through a $40m joint venture to develop Nigeria’s National Arts Theatre in Lagos into a duty-free shopping centre in partnership with the Suzanne Group.

“The interior of the National Theatre will be redesigned and renovated into a modern duty-free and retail shopping mall. The project will convert approximately 30,000m2 of the existing space in two 15,000m2 phases,” said Kabir Yaradua, CEO of the National theatre.

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Hmmmm

I won't be surprised at a news on Aso rock being sold off.

so na the level wey we de so

Apparently, no concrete reason was given to justify this action.
Though, the national theatre seems redundant, it has always been a kind of monument

Guess they forgot that this land is not for sale