Property LawBusiness

FCT court orders firm to take over N130 million property

By Olalekan Awojodu, Abuja

A High Court of the Federal Capital Territory (FCT) has ordered Abeh Signature Limited, a property developer, to take possession of a N130 million property located in the Maitama district of Abuja.

By the pronouncement, in the case with suit no FCT/HC/CV/2435/2021the claim by a staff of Nigerian Natural Petroleum Corporation Limited, Asabe Waziri, over the purchase of the property has been countered.

While delivering judgment the Apo division of the court had ordered Abeh Signature Limited, the property developer, to take possession of the property after the company filed a suit against Ms Waziri, alleging breach of the contract sales agreement.

Contrary to the allegation by Asabe Waziri that Mr Cecil Osakwe, the Managing Director of Abeh Signature Limited, is holding onto her money after the court’s judgment, Mr Osakwe, through his lawyer, Mr Victor Giwa, said a cheque of N150m was immediately issued in her name.

Copies of the cheques were made available to newsmen.

According to Ms Waziri, she entered into a contract to purchase two flats at Abeh Signature Apartments in Maitama but failed to meet the contractual agreements.

Consequently, Abeh Signature Limited had dragged Ms Waziri before the court alleging a breach of contract agreement on the part of Waziri in the purchase of the apartments.

Justice Musa of the court entered judgment in favour of the applicant as follows:

“That having regard to sections 1, 14 and 15 of the Money laundering (Prohibition) Act and other relevant laws, the various payments made vide cash and sundry bank transfers made by the Defendant in favour of the claimant in respect of the contract for the purchase of two flats at Abeh Court is illegal and contrary to the aforementioned provisions of the money laundering laws.

Asabe Waziri had accused Mr Osakwe of electricity theft but documents made available to our correspondents revealed that the allegation was a smear campaign to intimidate and harass Mr Osakwe.

Documents from Abuja Electricity Distribution Company show that electricity bills were paid monthly by Mr Osakwe, owner of Abeh Signature Apartments.

Documents for the payment of electricity bills were also sighted by this medium.

Contrary to claims by Ms Waziri, monies were paid for the consumption of electricity in the apartments.

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