Shoprite in Umuahia sealed over loan Insolvency

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.

Akeem Rotimi

A News Media Personality, Web Designer, Editor-in-chief at ASB News. Studied at the University of Port Harcourt (UNIPORT).

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