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CROSS RIVERS, Nigeria - The Cross River State Government, along with Enghaut Industries, has reached an out-of-court agreement regarding the ownership of the now-defunct rubber estates previously managed by the company, facilitating the recovery of the facility.
This agreement enables the state to regain control of about 22,000 hectares of rubber plantations located in Akamkpa, Biase, and Yakurr Local Government Areas, which were formerly the assets of Cross River Estates Limited (CREL), now closed down.
The conflict originated when the state government revoked Enghaut's Certificate of Occupancy on June 14, 2024, due to the company's inability to effectively manage the estates, which had been neglected and deteriorated over the years. In response, Enghaut initiated legal proceedings, which have now been settled amicably.
The formal approval of the agreement took place during a State Executive Council meeting in Calabar on Thursday, following the ratification of the settlement terms in Suit No. HC/162/2025—Enghaut Industries Limited vs. the Attorney General of Cross River State and another party.
Governor Bassey Otu characterized the settlement as a critical advancement toward revitalizing the agricultural sector in Cross River.
He reiterated his administration’s dedication to recovering state-owned assets and utilizing them productively for the community's benefit.
“The amicable resolution paves the way for strategic partnerships with reputable investors. We are committed to rejuvenating these estates, creating jobs, and establishing a sustainable rubber value chain that supports our economy and communities,” Governor Otu stated.
The Executive Council meeting also signified Governor Otu’s return to official responsibilities following a three-week leave.
He expressed appreciation to Deputy Governor Peter Odey for effectively managing state affairs in his absence, and acknowledged the Executive Council for maintaining stability during that time.
Additionally, Otu highlighted the prioritization of three significant road projects as part of the state's infrastructure renewal program: the Boki East-West Road, the Okpoma–Mfum Junction Road, and the John Okpa Road in Obubra.
He mentioned that the rehabilitation of the John Okpa Road serves as a tribute to the late Deputy Governor John Okpa, whom he referred to as a “pillar of democracy.”
The governor also revealed plans to enhance Ikom, an important commercial center and border town, through the creation of an international market and a contemporary motor park.
He emphasized that Ikom’s strategic importance in cross-border trade with Cameroon, alongside its vibrant agricultural and auto parts markets, makes it a high priority for infrastructure development.
The Exco meeting was attended by Deputy Governor Odey; Secretary to the State Government, Prof. Anthony Owan-Enoh; Head of Service, Dr. Innocent Eteng; Chief of Staff, Emmanuel Ironbar; and other members of the State Executive Council.
