Residents Drag Assets Management Corporation, AMCON To Court Over Fraudulent Sale Of Multi-Million Naira Property In Lagos | Sahara Reporters

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Four Lagos State residents have accused the management of Asset Management Corporation of Nigeria (AMCON) of fraudulently selling a multi-millionaire-naira property to an alleged crony. The residents, Mr Abubakar Hammed Zephaneal, Mr Chukwuma Christian, Mr Uche Uwaezuoke and Mr Jacob Okon, who made the allegation in a court filing by their lawyer, DodoTafari Legal Practitioners, narrated how AMCON had plotted to evict them out of the premises at NO. 7 Yusuf Oloriode Street, Olodi - Apapa, Lagos to give way for the fraud.

Residents Drag Assets Management Corporation, AMCON To Court Over Fraudulent Sale Of Multi-Million Naira Property In LagosThey added that the said property was later sold to a man, Chigozie Henry Aguguo, who was alleged to be a close ally of the AMCON leaders.

The statement reads: “Our clients are tenants and residents of the premises at NO. 7 Yusuf Oloriode Street, Olodi - Apapa, Lagos [hereinafter referred to as the “premises” or the “property”], which is a mixed use residential and warehouse complex consisting of 4 blocks of residential flats which includes thirteen [13] units of three [3] bedrooms flats, four [4] units of two [2] bedrooms flats and two [2] warehouses.

“The letter dated the 31st January 2019 was received by one Chief Chimma Owuogba who refused to disclose the content to the other residents but secretly went ahead to write an offer letter dated 7th February 2019 on behalf of the residents, and offered the sum of N64,000,000.00 [sixty four million naira] for the subject matter property.

“Our clients were however surprised when it later came to their knowledge that the property was sold to one Chigozie Henry Aguguo, who was not part of the top bidders at the albeit fictitious and fraudulent auction for the sum of ₦80,100,000 [eighty million one hundred thousand naira] which is far lower and contrary to our clients’ offer of N100,000,000 [one hundred million naira] which did not get any response from AMCON up till date.

“CHIGOZIE HENRY AGUGUO the purported buyer was made a party to the two suits mentioned above: suits No. MISC/MCA/289/2021 & No. FHC/L/CS/1724/21. “Rather than defend the above suit No. MISC/MCA/091/2022 challenging amongst others, the validity of the seven [7] days notices dated the 2nd day of March, 2022, served on the Applicants, AMCON proceeded to file several suits against the Applicants in suits Nos. MCA/733/2022, MCA/734/2022, MCA/735/2022, MCA/736/2022, and suits Nos. MCA/737/2022, MCA/738/2022, MCA/739/2022 before the Apapa Magistrates Courts.

 

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