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Unlawful revocation: Transcorp sues FG, others N1bn

For an alleged unlawful revocation of land/property located at Block 1, Flats 1-6, Rumens Road, Ikoyi, Lagos,  Transnational Corporation of Nigeria Plc (Transcorp), has filed a N1 billion suit before the Federal High Court, Lagos, against the Attorney-General of the Federation and six others.

Also sued are, the 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, in suit No- FHC/L/CS/794/2015 filed by its lawyer, Dr. Joseph Nwobike (SAN), is sought 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 (SAN) 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.

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