Deal Sealed; Lagos Ex Finance Commissioner, Ismail Adewusi Acquires D’Rovans Hotel

There are strong indications that the family of late businessman and boxing promoter, Chief Francis Ayegbeni has sold their biggest asset, the D’Rovans hotel in Ibadan.

The hospitality haven that once reigned as Ibadan’s biggest entertainment spot in the 80s and 90s made the headlines about a year ago when it was sealed by AMCON over a 46 million naira debt incurred by the late owner.

The hotel situated along Ring Road, Ibadan was under locks for about a year before succour came and it was opened.

A source revealed to Papermacheonline that the family could not raise the money and after series of meetings decided to sell the place.

It is also gathered that the D’Rovans hotel was acquired for an undisclosed sum by a former Commissioner for Finance in Lagos State, Ismail Adebayo Adewusi.

The politician tactically did not want to be linked with the acquisition as the deal was sealed by one of his aides, Sikiru Akiniran who signed all the necessary documents.

A visit to the hotel by Papermacheonline witnessed some movements in and out of the property with hints from neighbours that carpenters, bricklayers and other technical workers come on a daily basis laid credence to a possible renovation of the building.