Court Blocks Sale of Disputed N21.5bn Lekki Land by IGI and Four H Nigeria
The High Court in Lagos State has granted a preemptive restraining order against Industri Gener Insur Plc (IGI) and Four H Nigeria Limited over a disputed 13.067-hectare land in Lekki Peninsula. Bravematt Property Investment Limited, the buyer, alleges paying N21.5 billion for the land and fears the sellers may attempt to invalidate the deal.
The court order, issued by Justice Dr. R. O.
Olukolu, aims to prevent any sale or transfer of the property. The case involves allegations of non-receipt of final payments and concerns over a potential resale of the land without the buyer's consent.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
Read full article
Continue on News Online Nigeria
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NDIC Revokes ₦4.76b Banana Island Property Sale Over Unfair Terms
Legal Dispute Over Lagos Property Court Order Sparks Controversy
Court Orders Final Forfeiture of Jonathan's Estate Land in Abuja Due to Corruption
Court Orders Seizure of Jonathan's Multi-Billion Housing Estate Over Alleged Misconduct
Court Freezes Nduka Obaigbena's Company Assets Worldwide Over Oil Block Dispute
Nigerian Court Orders Forfeiture of 57 Malami-Linked Properties to Government
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
