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Lagos homeowners drag Estate Management before EFCC over fraud
By Modupe ASUDO
LAGOS- HOMEOWNERS and the Estate Association of Pearl Nuga Park Estate in Sangotedo on the outskirts of Lekki Peninsula in Lagos have dragged their realtor and management firm before the Economic and Financial Crimes Commission over an alleged case of fraud said to have been perpetrated by the CEO of the Estate management firm, CMB.
The business battle between Mr. Kelechukwu Mbagwu, CEO of CMB, Pearl Nuga Park Estate and Pearl Garden Estate has gone messier over the alleged fraudulent activities perpetrated by the real estate manager against residents of these two residential estates.
This E-newspaper gathered that home-owners of Pearl Nuga Park Estate and Pearl Garden Estate located at Sangotedo Village in Eti-Osa Local Government Area of Lagos State have dragged the allegedly notorious CMB Building Maintenance and Investment Company Limited to the Economic and Financial Crimes Commission (EFCC) over alleged fraudulent mortgage of some of their homes to secure an unapproved bank loans by the Estate owners.
The separate petitions dated May 28, 2019 and addressed to the EFCC Chairman, Mr. Ibrahim Magu were signed by Mr. Patrick Olowokere, the President of Pearl Nuga Estate and Reverend Adesola Adebawo, President of Pearl Garden Estate respectively.
They alleged that the real estate firm and its Managing Director, Mr. Kelechukwu Mbagwu, had engaged in criminal breach of trust, unlawful enrichment and conversion of their properties.
According to the petitioners, CMB obtained a mortgage from Wema Bank Plc using the affected homes at Pearl Nuga Estate as collateral without the knowledge or consent of the affected homeowners of the properties.
“The affected homeowners, namely; Bridget Eko, Osagie Aimiehnoho Jude, Mr Akinola Alabi and Mrs. Oluwadara Alabi, Nosakhare Igbinobi and Amos Gaga paid CMB for those houses to be built and had taken possession of their houses from CMB at different times.
“CMB and Mr. Mbagwu fraudulently withheld the title deeds of the houses from the affected homeowners as it withheld those of several other homeowners within the estate,” the petitioners alleged.
They said the bank had begun a recovery of the six houses within the estate following the failure of CMB, the property developer to repay the loan even after it was fully paid by the homeowners.
Similarly, Pearl Garden Estate also accused CMB of using the homes of four of their members –Mr. and Mrs. Michael Bassey, Mr. Oyeleke Jegede, Mr. Larry Amaraibi and one Mr. Felix, who had already paid in full to fraudulently obtain a N10 million loan from Diamond Bank (now Access Bank).
The petitioners said: “We have no other choice but to believe that other houses of our members and homeowners within the estates may be the subject of similar fraudulent mortgages.
Latest development reaching us has it that the homeowners of Pearl Nuga Park Estate and Pearl Garden Estate sited at Sangotedo Village in Eti-Osa Local Government Area of Lagos State have officially sacked the Mr. Kelechukwu Mbagwu led CMB Building Maintenance and Investment Company Limited as the maintenance company for the estate. The sack takes immediate effect and no personnel from the CMB are expected to be seen in the estate on official duty of any capacity.
Effort by this news medium to reach out to some members of the board of CMB for their views on the controversy, including Olorogun Sonny Kuku of Eko Hospitals as at the time of filing this report proved abortive, while calls also made to the phone lines of the embattled CEO of the company Mr. Kelechukwu Mbagwu couldn’t get through as the line was switched off.
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Gas Explosion in Katsina Filling Station Damages Six Vehicles
A gas cylinder explosion at a filling station in Jibia Local Government Area of Katsina State has resulted in significant damage to six vehicles, according to a statement from the Katsina State Police Command.
The command’s spokesperson, Abubakar Sadiq-Aliyu, confirmed the incident, which occurred on Friday, November 15, 2024.
He explained that a loud explosion alerted police operatives from the Jibia Divisional Police Headquarters. Responding promptly, the Divisional Police Officer led a team to the site, supported by military personnel.
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“Upon arrival, operatives found a truck loaded with gas cylinders engulfed in flames at Tamal filling station, along Kagadama-Magamar Jibia Road,” Sadiq-Aliyu stated. The joint team acted swiftly, deploying measures to protect lives and limit property damage. Their efforts successfully extinguished the fire.
The spokesperson added, “Six motor vehicles were significantly affected by the fire incident, but fortunately, no life was lost.”
State Commissioner of Police, Aliyu Abubakar-Musa, has directed a thorough investigation to determine the cause of the explosion. Updates on the findings will be provided as investigations progress.
This incident highlights the need for heightened safety measures at gas filling stations to prevent such occurrences.
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UNICAL Student Sound Alarm Over Dangerous Hostel Conditions
Students of the University of Calabar have raised serious concerns about the deteriorating condition of several hostels on campus, with many fearing that the buildings could collapse due to structural damage.
The alarming situation was highlighted during a phone-in segment of the university’s Unical International Radio programme, What I Will Do If I Had Power to Run Unical, on Thursday evening.
Students, particularly those residing in Hostels 8 and 9, expressed deep worry about the growing number of cracks appearing on the walls, exacerbated by the ongoing heavy rains in Calabar.
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These cracks, they fear, could lead to the collapse of the structures, posing a significant safety risk to residents.
Jane, a female student from Malabo Republic, spoke out on the programme, emphasizing the urgency of addressing the issue.
She said, “If I had the power to run this school, the first thing I would do is initiate a massive renovation of the hostels, especially those in Malabo Republic.
“The cracks in the walls of halls 1, 2, 4, 8, and 9 are major safety concerns. The rains we’ve been having could worsen the situation and lead to a disaster. These walls could cave in at any time, and the consequences could be devastating.”
Other students echoed similar concerns, highlighting the lack of basic amenities such as electricity, which has contributed to unhygienic conditions within the hostels.
This has led to unhealthy activities in the dormitories, further adding to the students’ frustrations.
In response to the complaints, the Vice Chancellor of the University, Prof. Florence Bankong Obi, assured the students that the issue had been noted and that action would be taken to address the dilapidated state of the hostels.
“We are aware of the situation, and it has already been included in our plans for immediate action,” Prof. Obi stated.
The students are now calling on the university administration, as well as the Students’ Union Government, to prioritize the renovation of the hostels and ensure the safety and well-being of all residents.
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Court Pushes Falana, Falz’s Case Against VDM To January
The Ikeja High Court has scheduled January 23 for the hearing of a high-profile defamation case filed by renowned human rights lawyer Femi Falana (SAN) and his son, musician and activist Folarin Falana, popularly known as Falz, against social media personality Vincent Otse, also known as “VeryDarkMan” (VDM).
At Thursday’s proceedings, counsel for Falana and Falz, Mr. Muiz Banire (SAN), informed the court that the necessary documents, including the originating process, had been filed and served to the opposing party.
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Banire added that a motion on notice was served on October 25, though Justice Matthias Dawodu noted that the originating process was not currently before the court.
To address the matter, Banire requested an adjournment to allow for administrative filings to be properly completed.
“In this circumstance, my lord, the best thing to do is to adjourn the matter so that we can go back to the registry to file all the administrative processes,” Banire told the court.
In response, counsel for VeryDarkMan, Mr. Marvin Omorogbe, raised concerns about the procedural validity of the case, asserting that there was no valid writ of summons before the court.
Omorogbe argued that the current writ was legally invalid and urged the court to dismiss the case on those grounds.
Justice Dawodu ultimately granted the adjournment request, setting the hearing for January 23 to allow the claimants time to address the procedural issues.