How Lagos firm refuses to allocate land after taking N50m from Nigerian living abroad

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It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.West Spring Estate Limited, whose office is on the 5th Floor, Royal Cedar Building, Km 25, Lekki-Epe Expressway, Ajiwe, Ajah, Lagos,David Amoye is the real estate agent’s managing director and lead promoter. He co-owns the company with his wife.

“I was made to understand that the Lagos State Government approved the title of the land,” Mr Ometoruwa told this newspaper, saying he had already begun to arrange for the purchase of two residential plots in the estate until something told him to pause.More than a year after fulfilling West Spring Estate Limited’s requirements for acquiring the two commercial plots of land, Mr Ometoruwa has yet to lay his hands on them. There has yet to be an allocation.

A real estate agent, Wale Ogeleyinbo, explained to PREMIUM TIMES that the land being under government gazette only means that the land is “free from government encumbrances and that whoever is interested in it can acquire it and process the Certificate of Occupancy for it.” By this, Mr Amoye means that sand filling of the road network and construction of drainages, alongside other major infrastructures, including the perimeter fencing of the estate, must have been done before buyers can take possession and develop their plots. He did not provide the timeframe for the completion of the site preparation.

“All subscribers to our estates are given a copy of this document to go through before subscribing to our estates. His representative is aware of this document, and I believe the same was communicated to him,” Mr Amoye said. Asked to Mr Amoye’s claim of issuance of a subscriber’s guidelines, Mr said, “There was nothing like that.”

Mr Amoye said since, from all indications, Mr Ometoruwa has lost interest in the transaction, he should write to the company to demand a refund rather than go through third parties.

Source: News Formal (newsformal.com)

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