Estate Owners Association Urges FG To Reexamine AMCON’s Conduct


Victory Park Estate Owner’s Association yesterday urged the Federal Government to reexamine the Assets Management Corporation of Nigeria (AMCON)’s conduct following the alleged seizure of some lands in the Estate.

Speaking to Journalists yesterday, Mayowa Owolabi, Managing Partner of Pistis Partners law firm, at a meeting organised by by the Association of Victory Park Estate Bare-land Owners said :

“Upon acquiring the land, his clients proceeded to register the title deeds at the land registry, paid all registrations fees and statutory charges and procured the consent of the Lagos State governor.”

He also said that in 2017, one Mr. Lanre Olaoluwa put a signage on the perimeter fence around the estate showing that AMCON was entitled to take possession of some plots of land within the estate based on the orders of the Federal High Court issued on June 16, 2016, in suit No: FHC/AB/CS/69/2016 – AMCON v Havilah Villas Limited and 10 Ors, and suit No: FHC/L/CS/744/2017- AMCON v Knight Rook Limited and 5 Ors.

Upon further investigation, it was noticed that Mr. Lanre AMCON as the Receiver/Manager of Knight Rook Limited and Grant Properties Limited

“to take over both companies and their assets due to their indebtedness to some banks, as the debts had been assigned to AMCON.”

“However, on further investigations conducted by our members, the referenced judgment did not give ownership of the respective plots of land to AMCON.

He said: “The said judgment stated that one hectare was to be seized, and not 49 hectares (all the plots of land) within the estate.”

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“But we discovered that notwithstanding the pending suits, someone (thought to be of AMCON) continues to sell the disputed plots, and is actively encouraging the persons he purportedly sold the plots to carry out construction work on the plots.”


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