An Abuja-based property owner and investor, Patrick Anyaene, has accused a real estate developer, Pastor Isaac Adams, the CEO of Light Gold Real Estate Limited, of allegedly breaching a joint venture agreement, disposing of properties without authority and engaging in a series of fraudulent activities, which he says have left more than 25 families facing serious financial losses and homelessness.
Anyaene said his dispute with Adams arose from a joint venture agreement entered into between both parties for the development of property in Abuja. According to him, Adams allegedly breached virtually every clause of the agreement and subsequently disposed of properties belonging to both parties, while also allegedly taking possession of his Certificate of Occupancy (C of O), which was subsequently used in transactions involving members of the public.
He accused the developer of double and multiple allocations, selling properties that had previously been allocated or sold. Anyaene said the alleged activities occurred on land connected to the joint venture located in Durumi District; more than 25 families had been affected, some rendered homeless. Anyaene said he obtained a court order which formed the basis for an enforcement action carried out at the estate with security personnel and court officials, evicting occupants.
He alleged that Adams is currently avoiding arrest and that Adams sought a political party ticket to run for governorship of Nasarawa State. He called for stronger regulation of real estate developers and urged people who transacted with Light Gold Real Estate Limited to verify ownership documents. Videos: youtube.com/watch?v=HjdJHzWi2Kw + youtube.com/watch?v=k5hqRw27GHQ (AbujaPress TV)
