Showing posts with label Property. Show all posts
Showing posts with label Property. Show all posts

Wednesday, August 31, 2011

Flood damages N10 bn property in UI

The University of Ibadan lost property estimated at N10billion to the flood disaster that ravaged Ibadan city last Friday.

According to the Vice Chancellor, Professor Isaac Adewole, the loss was so much that the management had appealed to the Federal Government for assistance.

Prof. Adewole said: “There is no way we can handle this alone. For us to return to our form, we certainly need government’s assistance because this devastation is quite massive”.

Breaking down the losses, he said: “The major calamity suffered by the university include the washing away of the Fish Farm with different species of fish valued at about N300 million, over flooding of the Zoological Garden, leading to the death of animals, extensive damage of the Teaching and Research Farm and the destruction of books estimated to the tune of N2billion.