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Shoprite in Umuahia sealed over loan Insolvency

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The Umuahia branch Shoprite has been sealed by court order over loan insolvency, according to reports.

Management of Shoprite is said to have defaulted on a loan it took with the affected shopping mall.

Shoprite’s spokesman could not be reached for comment. But a staff, who pleaded anonymity, confirmed the development.

“Yes, it’s true… the building has been sealed. It was sealed earlier today. That’s all I can tell you for now”, the staff said.

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