National Pensions Regulatory Authority (NPRA) has ordered the Social Security and National Insurance Trust (SSNIT) to halt the controversial sale of its stake in some four hotels.
This is to allow the Authority to properly evaluate the document associated with the sale of the hospitality facilities.
In a statement signed on June 28, the NPRA Director General, John Kwanin Mbroh directed that “you are hereby directed by the Board of the Authority to suspend all the processes seeking to engage Rock City Hotel Limited as the Strategic Investor in matter of the sale of the above-mentioned hotels.”
Source: myjoyonline.com
