CBN didn’t take over National Theatre

Mr. Sunday Baba, the immediate past Acting General Manager of the National Arts Theatre, Lagos, says the Central Bank of Nigeria (CBN) did not take over the national monument.

According to him, the CBN, through the Bankers’ Committee, would only renovate the theatre complex and hand it over to the Federal Government.

Speaking with newsmen on his time at the helm, Baba said: “The edifice built in the 70s is wearing out and needs proper attention to meet standards; it requires a huge amount to execute the project.

“It was on that note that the Federal Government gave approval to the CBN and the Bankers’ Committee that have intervention funds to take responsibility for the renovation.

“They are to redevelop the entire complex and upgrade outdated facilities; it will last for 18 months.

“On completion, they will hand over the renovated complex to the Federal Government and National Theatre management,” he said.

He said the official handover to the CBN and Bankers’ Committee for the renovation was held in July.

“During the handover, the Minister of Information and Culture, Alhaji Lai Mohammed made it clear that no member of staff would lose his or her job.

“We need to make it clear once again and for better understanding that CBN is not taking over the National Theatre.”

Baba, who has since handed over to Prof. Sunday Ododo, appointed by President Muhammadu Buhari, expressed optimism that the glory of the edifice would be restored and it would remain Nigeria’s pride while retaining its position as the primary center for performing arts as it was in the late 70s and 80s.