Controversial Church Donor To GEJ ,Gitto Dies In Nigeria

Italian Businessman Domenico Gitto, whose company’s donation of a church to President Goodluck Jonathan led to a deep seated controversy, died yesterday in Nigeria, according to reliable sources. Gitto, the owner of Gitto Construzioni Generali Nigeria Limited, died in yet unclear circumstances, but a source said he had been having debts troubles for sometime owing to the huge debt piled up by his company in Nigerian banks.
“The company has been having legal battles with many Nigerian banks over failed debts,” the source said.
Among the banks Gitto was said to owe is Union bank.He was said to owe Union bank about N10bn.
The bank was reported to have seized some of Gitto’s property, especially his company’s equipment.
Gitto was also said to have been sued by Diamond bank for a debt of N6bn, while FCMB was said to have written to the Federal Ministry of Works asking that all money to be paid Gitto by the ministry be paid to the bank over a N5bn debt owed it.
All Gittto’s company’s debts were alleged to be bad loans as the company had failed to meet its obligations to the banks involved and a lot of people believed Gitto agreed to build the “church gift” edifice for Jonathan in Otueke in order to curry favours from the President and probably find a way out of his debt woes.
Gitto’s history with Nigerian top officials began in 2003 when he first arrived in the country on the alleged invitation by former Vice-President Atiku Abubakar and he had since enjoyed government patronage for major constructions projects, building major edifice like the Abuja Ecumenical Centre and the Akwa Ibom State Airport.
The company is handling over 12 Federal Government projects which include a section of the Abuja-Lokoja Road, the Shagari Presidential Complex and the East-West Road and with the death of Mr. Gitto, the fate of all these hangs in the bal-ance.


CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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