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LERSA urges AMCON to recognize property titles, Stop inflicting heartache on residents

Posted on Saturday, July 13, 2019 No comments


The Lekki Estates Residents and Stakeholders Association (LERSA), the umbrella body of Residents Associations of over 77 gated Estates from 1004 Estate area down to Epe, have added their voice to the clamours of Residents and Property Owners in Lekki, Lagos 

LERSA condemns the inhuman treatment of Homeowners who are being thrown out of their homes in Victory Park Estate and Goshen Beach Estate and other Estates in Lekki by Asset Management Corporation of Nigeria (AMCON) with the use of heavily armed policemen and a group of fiercely looking unidentified armed men. Several families have been forced out of their homes with mothers and children left out in the heavy down pour of rain with little or no notice at mid-day when most Residents were out for work. 


LERSA reiterated the fact that residents and property owners in the affected Estates bought into gated Estate Schemes like most estate development Schemes in the Lekki axis of Lagos State. These properties are widely publicized, and in the case of GOSHEN Beach Estate, the sale was a joint venture between the developer and Lagos State Development & Property Corporation thus giving comfort and confidence to would be subscribers/buyers that they are credible and the titles are free from any encumbrance. It is appalling and devastating to buy into a State Government sanctioned transaction only to have homes and life sustaining facilities like sewage treatment, borehole and recreation area forcibly sealed up almost twenty years after purchase. 


In view of the current circumstances of some of our Estates with AMCON, it is the opinion of LERSA that the right and equitable thing for AMCON, which is a Government Agency to do, is to go after the assets of Developers who are the loan defaulters and not prey on soft targets that are innocent citizens, who are bona fide purchasers for value, without notice of any encumbrances known to law. The enabling law establishing AMCON stipulates that AMCON Receiver Managers shall take over receivership of properties of judgement debtors subject to existing encumbrances. 


Residents and Property Owners of Victory Park Estate and Goshen Beach Estate who bought their lands and built their homes in the Estates, have suddenly become soft targets of AMCON for the recovery of bad debts. 


It should be noted that our members who are the owners of their properties duly paid for by them have no relationship whatsoever with AMCON. Any bankers who accept common estate facilities such as waterworks, road network, general service infrastructure and so on as collateral for loan will need to question his/her qualifications as a banker. It is shocking to see AMCON appointing a receiver for properties which has been bought and paid for by individual Nigeria citizens rather than go after the judgement debtor, it is appalling that AMCON came after innocent citizens as soft targets after the demise of the developer who is their banks customers. Our properties were acquired and paid for fully without any caveat and or encumbrances. 


The use of force with the help of unidentified armed men to invade, intimidate and force out; law abiding citizens from their homes by any Government Agency is strongly condemned and should not be allowed to thrive in our democracy. 


We call on President Mohammadu Buhari, the Vice President Prof. Yemi Osinbajo, the Governor of Lagos State, His Excellency Babajide Sanwo-Olu, the Inspector General of Police, Mohammed Adamu, the Chairman of AMCON Mr Muiz Banire and the Managing Director of AMCON, Lawan Kuru to intervene in the matters of Victory Park Estate, Goshen Estate and any other Estates in Lekki and ensure that innocent Nigerians are not deprived of their homes and properties.

Nigerians in Diaspora Cry out For Help as Their Life Investment In Properties in Nigeria is Taken Away by AMCON

Posted on Saturday, July 6, 2019 No comments
Victory Park, Lekki


Over 50 Nigerians in Diaspora have cried out as AMCON disposes them of their land and properties in Victory Park Estate. Nigerians in Diaspora who bought land and are at different stages of building their Home Coming Buildings and Apartments in Victory Park have woken up to a rude shock as Asset Management Company of Nigeria (AMCON) through its Receiver Manager, Mr Lanre Olaoluwa, with the backing of heavily Armed Police Men and Thugs purportedly OPC, have taken over their land and properties in Victory Park Estate, Lekki Lagos. 



These Nigerians in Daispora invested in Properties back home in Nigeria for a possible future settlement of their families back in Nigeria. They Invested like most Nigerians in a supposed secured Site and Service Estate that was widely published in major News Papers, Property Magazines, Newsletters and Various Online Platforms. 



The Land Registry in Lagos gave an all clear to the lands in Victory Park Estate under Knight Rook; The Banks that gave loan to the Promoters of Victory Park Estate did not register any Charge against the Land in Victory Park at the Land Registry or anywhere else. The Banks had full knowledge that the Awosedo’s (Owners of Knight Rook and Grant Properties) were selling the lands in Victory Park Estate to innocent Nigerians both home and in diaspora. 



AMCON, we are told bought over the debt in 2014, and continued to meet with the Awosedo’s to recover the debt without putting out any caveat on the Land, they allowed the Awosedo’s to continue to sell lands to innocent Nigerians. Since negotiations between Awosedo’s, the Banks and AMCON failed, AMCON have now decided to take away the land and properties of the innocent Nigerians that are by law categories as “Bonifide Purchaser for Value without Notice”. 



We are in the diaspora; AMCON is an Agency of Government that is meant to protect its citizens from such fraudulent and corrupt practices. We bought our properties long before AMCON put out any notice of its claim to the Assets of the Awosedo’s, which include Knight Rook Limited and Grant Properties Limited. The same Awosedo’s with same registered address owns both Companies. If AMCON is taking over Knight Rook then it must recognize the land sold to Bonafide Purchaser for value. 



We don’t have the power and means to fight AMCON, we call on President Buhari and the Vice President Oshinbajo to set up a Commission of enquiry into the Victory Park Fraud on innocent Nigerians which AMCON is a party to as well as some Banks.




If we cannot buy properties in our home country and feel safe from molestation, harassment and fraud, where lies our hope and that of our children? 



Please go after the Awosedo’s and the Bank that sold a fraudulent debt to AMCON. We bought our land in good faith and we did proper due diligence that is expected of any reasonable person.

SDP Presidential Primaries: Setting The Record Straight

Posted on Monday, October 22, 2018 No comments
Chief Olu Falae, National Chairman of Social Democratic Party



Being a public statement issued by Honourable Yemi Akinbode, Ag. Director, Media & Publicity of the Social Democratic Party, SDP 

Our attention has been drawn to the statement issued by Dr. Ike Neliaku, the Consultant to the Prof Jerry Gana’s campaign group, to challenge the emergence of His Excellency Donald Duke as the Presidential Candidate of the Party in the recently concluded Primaries. 

The Party notes that Dr. Neliaku’s references to the SDP Constitution were premature and misplaced and frowns at recent misrepresentations by his statements that protests against South-South candidates’ participation were raised by him or by his boss before or during the screening exercise. This is outright false and grossly misleading. The party has also noted that as soon as Dr Neliaku, Prof Jerry Gana’s Consultant, realised that hanging on the SDP Constitution to disqualify Mr. Duke does not hold water, he resorted to attempting to discredit the entire exercise by raising fathom irregularities. This is unwarranted. 

Dr. Neliaku has been advised to desist from these negative acts and has been encouraged to join the Social Democratic Party by registering as a valid Party member so he may transcend the role of Campaign Consultant for Primaries that have ended to join forces with progressive elements for national action plan to rescue and rebuild Nigeria. 

The Party fully understands the enormity of the task ahead to salvage Nigeria and that to move Nigeria forward everyone matters. Therefore, the Party does not intend to join issues with Prof Gana, but it is important to set the records straight in the public interest and in the face of misrepresentations by Dr. Neliaku as stated below: 

1. His Excellency Donald Duke emerged the presidential candidate of the party after being duly screened by the presidential primaries committee and validly elected by delegates at the national convention of the SDP which took place in Abuja on Saturday, October 6, 2018. 

2. The current cry to “screen him out” or “disqualify him” was not raised during the process of expression of interest, screening and the presidential primaries but until after the results of the Primaries were announced. There were two aspirants from the South-South Zone and three aspirants from the North Central Zone. His Excellency, Donald Duke was the first person to submit the nomination form at a widely publicised event and no one ever protested until he won the Primaries. In fact, all the four other contestants including Professor Jerry Gana actively participated in all the preliminary and final stages of the presidential primaries and Social Democratic Party did not issue any statement directing its members to vote for or against any presidential aspirant from any particular geographic zone. 

3. In truth, upon the success of Mr Duke at the primaries, Prof Gana congratulated, hugged him and wished him well and afterwards, Mr Duke reached out to all aspirants, including Prof Gana for their support, advice and collaboration. 

4. The Party understands that Prof Gana was very disappointed by the outcome of the Primaries and had sent a high-ranking delegation headed by the National Chairman of the Party, Chief Olu Falae to visit and explain to him, to assuage his feelings and appreciate his contributions to the Party. 

5. The SDP and its leaders duly appreciate the significant contributions that the elder statesman, Prof Gana has put to the development of the Party since he joined six months ago. Above all, they had privately and publicly appreciated the tremendous contributions that he has made to Nigeria over the last 45 years as Professor of Geography, quintessential public officer, Distinguished Senator, MAMSER Director General, three-time Honourable Minister of the Federal Republic and member of the Board of Trustees of the Peoples’ Democratic Party. 

6. The Party has reaffirmed that His Excellency Donald Duke was duly elected and he is the Presidential Candidate of the Party and his name and that of his Running Mate have been forwarded to INEC accordingly. 

7. The primary election which produced the candidate of the party is the finest example of representative democracy at work. The party members had spoken. They freely chose who they wanted as their flag bearer in the general election and we urge Prof Gana’s Campaign Consultant, Dr. Ike Neliaku to respect the wishes of the people and recall the principle of Volenti non fit iniuria, which states that one who knowingly and voluntarily consents to and takes on a risk cannot ask for compensation for the damage or injury resulting from it. 


Let’s Join forces. Everyone matters 
Yemi Akinbode 20 October 2018.
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