Transnational Corporation of Nigeria Plc (Transcorp) has instituted a N1 billion suit before a Federal High Court, Lagos, against the Attorney General of the Federation and six others over alleged unlawful revocation of a land/property located at Block 1, Flats 1-6, Rumens Road, Ikoyi, Lagos.
Other defendants in suit are Minister of Lands, Housing and Urban Development, Mrs. Bello Morenike, Lt. CDR Okon Godwin Inyang, Joseph Etim Bassey, Akinyeke .P. Akinyeke and one J E Benten respectively.
Transcorp had in a suit marked as FHC/L/CS/794/2015 filed by its counsel, Dr. Joseph Nwobike SAN is seeking among other reliefs an order of perpetual injunction restraining the Federal Government from implementing the Revocation Order dated May 27, 2015 issued by the Minister of Lands, Housing and Urban Development.
In the suit, which is before Justice Jude Kanyioh Dagat, Transcorp is also seeking for an order of perpetual injunction restraining the 3rd – 7th defendants from interfering with or disturbing the title, possession or occupation of the property.
The plaintiff (Transcorp) in its amended statement of claim signed by Dr. Nwobike stated that sometimes in 2005, the Federal Government, through the Implementation Committee of Federal Government Landed Property offered the property located at Block 1, Flats 1-6, Rumens Road, Ikoyi to it for lease for a term of 99 years at plaintiff’s bid price of N375 million.
The plaintiff averred that it accepted the offer as contained in the letter of offer for lease of Federal Government Landed Property dated October 24, 2005 and completed the acceptance form and returned same to the Implementation Committee.
According to Transcorp, upon the receipt of its acceptance form, the Implementation Committee on behalf of the Federal Government issued it with a confirmation of offer letter dated November 28, 2005 wherein the committee confirmed the offer of the property to the plaintiff at its bid price of N375 million.
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