PMNEWS is reporting that the Federal High Court Sitting in Lagos, Nigeria, has adjourned till 15 April, 2016, a suit instituted by the Nigeria Stock Exchange (NSE) against its former Director-General, Nididi Okereke-Onyiuke and five others to recover a building alleged to have been fraudulently acquired, for either report of settlement or hearing.
Others joined as co-defendants in the property recovery suit are former Assistant-Director General of the NSE, Lance Musa Elakama, Hybrid Properties Limited, Oak Business and Finance Limited, the Minister of Land, Housing and Urban Development, and Federal Land Registry.
In a statement of claim filed before the court by a Lagos lawyer, Chief Bolaji Ayorinde (SAN), on behalf of NSE, it was alleged that sometime in 2012 NSE carried out an audit of its landed properties and discovered that it could not locate the original copy of Certificate of Occupancy of one of its landed property,
It was alleged that Dr Ndidi Okere-Onyiuke acting in concert with Lance Musa Elekama, upon a false resolution of the Nigeria Stock Exchange, unlawfully and illegally executed a Deed of Assignment dated 20 May, 2007, on Sunday which is a non working day by law, in favour of Hybrid Properties Limited and Oak Businesses and Finance Company Ltd. by which Nigeria Stock Exchange purportedly transferred its proprietary in a part of the NSE property situate, and known as 2, Temple Road, Ikoyi to the two companies.
Read more here: http://www.pmnewsnigeria.com/2016/03/08/tussle-over-property-nse-okereke-onyiuke-others-to-settle-out-of-court/
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