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Tokunbo Fakoya offers hotel for sale

One of the top Lagos socialites in the 90s Tokunbo Fakoya who owns the CHEERS hotel along Obafemi Awolowo way, Ikeja may be going through some financial re- engineering. This is as a result of his decision to put up for sale Cheers Hotel. Although all activities surrounding the sale have been handled discreetly as the owner has been very silent in all negotiations. The asking price also suggest that an desperate bail out is required. The offer is 2.6 Billion naira only

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