Saturday, 24 September 2016

G. ELIAS & CO: LAND AT OGOMBO, ETI-OSA LOCAL GOVERNMENT, LAGOS

BUYER BEWARE
The attention of Ecobank Nigeria Limited (“Our Client”) has been drawn to attempt, through a scheme known as “The Grank Lake”, to dispose of parts or whole of 117,209 acres of land located at Ogombo Village, Eti-Osa Local Government Area, Lagos registered as No. 35 Page 35 Volume 2318 at the Land Registry, Alausa, Ikeja, Lagos and 57,806 acres of land located at Ogombo Village, Eti-Osa Local Government Area, Lagos registered as No. 36 Page 36 Volume 2318 at the Land Registry, Alausa, Ikeja (the “Property”) to certain persons by Bukas Kasmal International Limited, Gran Imperio Group and Imperial Mortgage Bank Limited.

The Properties belong to our Client. Our Client acquired title to the Properties following the Federal High Court-sanctioned merger between our client and the now defunct Oceanic Bank International Plc in 2011.the order of High Court of Lagos State made in 2014 which Bukas Kasmal International Limited relies on as purportedly conferring title to the Properties on it is the subject of an appeal pending at the Court of Appeal, Lagos in Ecobank Nigeria Limited v. Bukas Kasmal International Limited et al. (Appeal No. CA/L/517M/2014).

For the avoidance of doubt, the Properties are not for sale and the said Bukas Kasmal International Limited, Gran Imperio Group and Imperial Mortgage Bank Limited have no authority whatsoever to offer the Properties for sale. The general public is hereby warned not to enter into any transaction with respect to the Properties with the said Bukas Kasmal International Limited, Gran Imperio Group and Imperial Mortgage Bank Limited or persons purporting to represent them.

Dates this 6th day of September, 2016.

Professor Gbolahan Elias, SAN
G. Elias & Co
(Solicitors & Advocates)
Solicitors to Ecobank Nigeria Limited
NCR Building, 6, Broad Street, Lagos.