Lagos community accuses AMCON of estate takeover, ignoring court order punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
Lagos estate residents accuse AMCON of encroachment, disregard for court orders
A representative for the residents said AMCON is reselling the disputed properties in a clandestine manner and encouraging the buyers to start construction on the lands.
Residents and property owners in Victory Park Estate, Lagos, have alleged that the
Asset Management Corporation of Nigeria (AMCON) is encroaching on their lands in disregard of court orders.
The lawsuit which was scheduled to be heard on April 14 in the Lagos High Court was stalled by the judicial workers union industrial action embarked upon on April 6.
The property owners, under the aegis of Association of Victory Park Estate Bare Land Owners in Ikoyi area of Lagos, raised an alarm that AMCON’s action violates the doctrine of “Lis pendes,” a Latin term for a pending suit.
Businessman recovers Lekki property from 'trespasser' today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
A businessman, Mr. Adedayo Mumuni Shittu, has recovered from an âunknown individualâ, his plot of land at Block B Plot 2 Victory Park Estate Igbokushu, Lekki Phase I, Lagos, following a court order.
The land, delineated by Survey No. DK/0332/014/20011/LA, was registered at the Land Registry of Lagos State as No. 61, Page 61 Volume 2467.
Shittuâs lawyer, Ojumetor Agha of Pistis Partners LLP, said the recovery, which occurred at the weekend, was in execution of a Lagos High Court injunction restraining a Receiver-Manager appointed by the Asset Management Corporation of Nigeria (AMCON) from encroaching on the land.
Justice Kudirat Jose had on October 24, 2019, dismissed AMCONâs notice of preliminary objection and granted an interlocutory injunction in favour of Shittu and More & S A More Limited authorising them to protect their interest in the property at Victory Park Estate.