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EFCC and TAJBank Contest Ownership of Forfeited N1.2 Billion Property

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TAJBank Limited, a provider of non-interest banking services, has filed an application with the Federal High Court in Lagos to overturn the final forfeiture order issued by Justice Tijjani Ringim on November 29, 2023.

The order granted the forfeiture of Apartment No. 1103, Belmonte, located at 40 Bourdillon Road, Ikoyi, Lagos, to the Federal Government. The forfeiture was requested by the Economic and Financial Crimes Commission (EFCC) in suit FHC/CS/1818/2023.

TAJBank filed a Motion on Notice, supported by Section 44(1) of the Constitution and Order 26 Rule 1 of the Federal High Court (Civil Procedure) Rules, 2019. The motion, filed by their attorney Anthony Ibekwe, seeks an injunction restraining the EFCC from interfering with the property.

The bank is also asking for, “a consequential order directing the EFCC to remove forthwith, the notice of the Final Forfeiture Order handed down by this Honourable Court on November 29, 2023, from the front door of Apartment No. 1103, Belmonte, No. 40 Bourdillon Road, Ikoyi, Lagos.

“A consequential order restraining the EFCC from interfering (or otherwise dealing) with the Applicant’s property known as Apartment No. 1103, Belmonte, No. 40 Bourdillon Road.”

In a 25-paragraph affidavit deposed to by one Akeem Abubakar, a legal officer of TAJBank limited, he stated that sometime in June 2023, the applicant (TAJBank) decided to buy a property to aid its business operations in Lagos.

According to the deponent, the applicant, after several inquiries and searches, identified a property in Ikoyi, known as, “Apartment No, 2203, Belmonte, No, 40 Bourdillon Road, lkoyl, Lagos.

He stated that to determine the actual market value of the property and as part of its due diligence protocols, the applicant engaged the services of Messrs. Osas & Oseji (Estate Surveyors and Valuers) to undertake a valuation of the Property.

He added that the applicant also conducted due diligence searches at the Lagos State Land Registry to determine whether there are any encumbrances on the Property.

Following the outcome of its due diligence inquiries, the applicant commenced discussions with representatives of the entity (i.e. Blessed Rageous Integrated Services Limited) with proprietary interest in the Property, apartment 1103 Belmonte located at No. 40 Bourdillon Road, Ikoyi Lagos

He said the applicant purchased the property for the sum of N1,271,600,000.00 (One Billion, Two Hundred and Seventy-One Million, Six Hundred Thousand Naira) then executed a contract of sale with the said Blessed Rageous Integrated Services Limited.

Following the conclusion of the sale transaction, the Applicant took possession of the Property with a view of furnishing same for its use.

He said on or about March 25, 2024, a letter was delivered to the Property by pasting on the front door thereof.

The applicant expressed shock and disbelief at the EFCC’s claim that the property is subject to a Final Forfeiture Order issued by the court on November 29, 2023.

Upon reviewing the court’s Final Forfeiture Order, the applicant discovered that it refers to a different property, namely "1 Unit of 4 Bedroom Luxury Apartment lying and situate at Belmonte Bourdilon Road Ikoyi Lagos."

To investigate the discrepancy, the applicant hired a law firm to conduct a search of the court file for the case. The search revealed no evidence of a Final Forfeiture Order against the property in question.

The applicant argues that the EFCC’s claim is baseless and that the agency is attempting to unlawfully deprive the applicant of their property rights. The applicant has filed an application seeking to restrain the EFCC from interfering with their ownership of the property.

The court has scheduled a hearing for June 3, 2024, to consider the applicant’s request for an injunction. The outcome of this hearing will determine whether the EFCC can proceed with its attempt to seize the property.

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Lagos schedules meeting with owners of distressed buildings.

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The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November.

This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos.

Olumide said the prevalence of distressed buildings in different parts of the state was worrisome and needed the urgent attention of all stakeholders.

He said, “The Ministry of Physical Planning and Urban Development as mandated by the Lagos State Urban and Regional Planning and Development Law, 2019, as amended, was willing to extend its responsibility for approving the remodelling of existing buildings to provide technical assistance to developers and owners of distressed buildings, especially on the design and remodelling of such buildings.

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FG threatens contractors over Enugu-Onitsha road delay

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The Federal Government has instructed the contractors responsible for the 107km Enugu-Onitsha road dualization to expedite the project.

This directive was given by the Minister of Works, Senator David Umahi, during a meeting with MTN, the Enugu State Government, and the contractors, RCC Ltd and Nigercat Ltd, on Friday.

According to a statement released on Friday, the minister said he is disappointed over the slow pace of work on the project, he said, “Let me express my disappointment over the slow pace of work on that project. It is one of the worst roads in this country.

“Everywhere we have diversion; diverting from the one that RCC and Nigercat had completed, the contractors are not kind enough to even put stone based on the diversion points.”

He added, “So, by the reason of the launching of our Operation Free our Roads, it is now a violation of the policy on the side of the controllers and directors of the Federal Ministry of Works where we have vehicles falling on any project that is ongoing or where there are potholes on our roads.”

He also blamed the sufferings of road users on the lack of commitment and insensitivity of the contractors.

“The public must know that the President’s intention is not for them to suffer while trying to fix the roads, and it is their right to insist that contractors should fix the roads that they are engaged on,” he said.

The Minister commended the Enugu state government for their resolve to fund the construction of a 20 KM section of the road and expressed hope that MTN would execute the second phase of the project.

He noted, “Why the Enugu State government is intervening is because of the slow pace of work by the contractors and because of funding issues. The essence of tax credit is for funds to be made available. And so, I don’t see RCC going to keep their promise to finish this project in 6 months.

“My advice to MTN is to look for another contractor within that axis if they want to get the job done. Division of labour is even the best. While they are doing the road, and if Nigercat is doing a good job, you can give them greater scope to do if you want to finish that job.”

He warned contractors that the Federal Government would not accept phased handovers of projects and has phased out Variation of Price in contract administration.

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Ekiti state government mediates land dispute between traditional ruler and family in Epe-Ekiti

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The Ekiti State government has intervened to resolve a longstanding land dispute between the Elepe of Epe-Ekiti, Oba Ayodele Adesoye, and the Atolagbe family. The government cautioned against the misuse of modernization as an excuse to disregard traditional customs.

In line with the community’s traditions, the government has ordered the release of resources, including palm trees at Oko Oba Farmland, to Oba Adesoye for his administration. This decision ensures the continued adherence to age-old practices.

Ekiti State Deputy Governor, Chief (Mrs) Monisade Afuye, announced the resolution in Ado-Ekiti. The decision was made after considering the Elepe’s claim to Oko Oba Farmland based on historical evidence.

Mrs. Afuye acknowledged the Elepe’s right to be the custodian of Oko Oba Farmland, citing longstanding traditions that support his claim. The decision reflects the importance of respecting historical practices and ensuring their preservation.

The deputy governor, however, told the monarch in clear terms that other princes and princesses from all the three ruling houses should be allowed to farm on the land without payment of royalty.

Mrs Afuye appealed to the community to comply with the government’s position to restore unity, peace and orderliness to the beleaguered community.

Oba Adesoye expressed gratitude for the government’s decision and pledged to foster peace and unity between the throne and the community, aiming to accelerate Epe’s development.

Representing the Atolagbe family, Dr. Yemi Agbeleoba acknowledged their willingness to cede Oko Oba Farmland to the monarch. However, he emphasized the need for all three ruling houses to participate for a lasting and traditional solution.

Agbeleoba expressed appreciation for the government’s directive, believing it will contribute to resolving the long-standing conflict.

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