Login Register
feel free to call 09056000005

Abuja Property Firm Sealed by Court Amid N200 Million Dispute

The sealing of an Abuja-based real estate firm by a Federal Capital Territory (FCT) High Court has been ordered amid a dispute involving the sale of a property worth N200 million. The court's decision follows an ex-parte application lodged against KYC Interproject Limited, the real estate firm in question, by Arodiogbu Enterprises Limited.
 
Trial Justice E. Okpe, having heard the arguments presented by the plaintiff's counsel, Mr. Ugo Nwofor, instructed that all legal documents be served to individuals within the Respondent's office. Additionally, the court issued a directive restraining KYC Interproject Limited and its Managing Director, Mr. Michael Auta, from altering or selling two specific plots of land situated at KYC Homes, Delarogue City, Guzape District, Abuja.
 
The lawsuit, bearing reference CV/HC/CV/6941/2023, primarily sought declarations related to the contractual agreement between Arodiogbu Enterprises Ltd and KYC Interproject Limited, dated and notarized on June 30, 2023. The plaintiff urged the court to affirm the defendants' obligation to process and provide the Certificate of Occupancy and Building Approval for the properties known as Plots 1 and 2, located at KYC Homes Phase 3, KYC Delarogue City, Guzape District, Abuja.
 
Read also: 

PENCOM ANNOUNCES RSA HOLDERS CAN PURCHASE HOMES USING 25% OF THEIR PENSION

NEW INFORMATION UNVEILED REGARDING THE DEMOLITION OF BUILDINGS IN A LAGOS COMMUNITY

A NEW ERA DAWNS FOR REAL ESTATE BUSINESS IN NIGERIA AND AFRICA, ADENIJI ADELE ASSUMES LEADERSHIP OF FIABCI

Furthermore, the plaintiff contended that the continuous withholding of title documents, including the Certificate of Occupancy and Approval Plan, by the Respondent, despite repeated demands, was unlawful and void.
 
In response to the ex-parte application, the court issued an interim injunction, preventing the defendants from interfering with or disposing of the properties in question. The order remained in effect until the motion on notice was fully heard. Additionally, the court granted the plaintiff permission to serve the second defendant with legal documents through any representative within the first defendant's office.
 
Ultimately, the court's actions reflect its commitment to safeguarding the subject matter of the dispute and ensuring a fair and just resolution of the case.
 
Source: vanguardngr

Similar Topics

US Election Race Intensifies: How Results Could Impact Nigeria’s Real Estate Market As the...

15 days ago Read More

Equatorial Guinea Official Baltasar Engonga Ebang’s Video Sparks Controversy In recent days,...

15 days ago Read More

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

a month ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

a month ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

a month ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

a month ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

a month ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

2 months ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

2 months ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

2 months ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

2 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

2 months ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

2 months ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

2 months ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

2 months ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

2 months ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

2 months ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

2 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

3 months ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

3 months ago Read More