Diamond Bank loses regional bank, land bought illegally

Diamond Bank loses regional bank, land bought illegally

Tuesday, November 10, 2015 3:09 pm


Akin Kuponiyi
 
Justice Atinuke Oluyemi of  Lagos High Court,Ikeja,south West Nigeria has barred Diamond Bank Plc and Ablag Company Nigeria Limited to trespass on a landed property located at105,St.Finbar’sRoad,near C M S Grammar School,Bariga Lagos state. 

In her judgment, Justice Oluyemi upheld the case of the claimants; saying that the purported purchase of the property between 2006 and 2007 by the bank was invalid.

The court also awarded cost of N50, 000 against all defendants.
    
Justice Oluyemi affirmed that the property located on 105 St. Finbarrs’ Road, Bariga, Lagos, covered by a Deed of Conveyance dated November 20 1967, and registered as number 25, at page 25 in volume 1292 in the office of the Land Registry, Alausa, Lagos, was legally vested in Anicetus Ibhagbe Eikore, the deceased father of the claimant.

“From the evidence before the court, I concur with the claimant final written address. The case of claimant succeeds. The property located on105, St. Finbers’ road, Bariga, Lagos, covered by a Deed of Conveyance dates November 20, 1967, and registered as number 25, at page 25 in volume 1292 in the office of the Land Registry, Alausa, Lagos,is for the children of deceased,” Justice Oluyemi said.

Diamond bank Plc was dragged to court by ten children of a deceased Lagos businessman  Anicetus Ibhagbe Eikore, for allegedly demolishing their family house and using the land to build its regional headquarters.
     
The court was urged to resolve the controversy that led to the whole transaction,as the bank in its statement of defence averred that it purchased the house situated at 105,St.Finbar’sRoad,near C M S Grammar School,Bariga Lagos state from the deceased in 2007 and thereafter erected its own building. But the children of the deceased averred that it was not possible for their father who died at Lagos Teaching Hospital,LUTH, Idi-Araba in Lagos on the 2nd of November,1990 at the age of 80years with a letter of confirmation of  death from the same hospital to have sold his house to the bank in 2007.

Consequently,in a bid to reclaim their inheritance from Diamond bank , the family of late Anicetus Ibhagbe Eikore, commenced a  legal battle  before a High Court of Lagos, sitting at Ikeja, against the bank over a parcel of land where the bank situated its branch in Lagos.‬

Joined as co-defendant in the suit  is a limited liability company, Ablag Company Nigeria Limited alleged
to have serve as vendor for the purchase of the property.

Ten survivors of the owner of the property, comprising Mrs. Rita Obhimon, Tony Eikore, Mrs. Veronica Afamah, Boniface Eikore, Miss Agnes Eikore, Augustine Eikore, Mrs. Philomena Adebowale, Mrs. Bose Isibor, Mrs. Ede Agbonhese, and Miss Lucy Eikore, in an amended statement of claim filed before the court by their lawyer, Barrister  Jide Zaid, stated that the land and building situated at 105, St. Finbars’ Road, Bariga, Lagos and covered by a Deed of Conveyance dated November 20, 1967, and registered as number 25, at page 25 in volume 1292 in the office of the Land Registry, Alausa, Lagos, was legally vested in their deceased father, late Anicetus Ibhagbe Eikore, who died intestate on November 2, 1990.‬

The claimants also stated that upon the death of their father in 1990, they mutually allowed the eldest son in the family, John Osemeahon Eikore, to live in the property in order to protect the estate on their behalf and that the said John Eikore was living in the property since 1991, until sometime in December 2007, when one of them, 10th claimant (Miss Lucy Eikore) told them that the said property had been demolished and replaced by Diamond Bank’s office.

Upon notifying the family members,   they called on their eldest brother, John Eikore informing  him of the alleged unlawful trespass by the bank on their land.‬

They added that all efforts made to invite the said John Eikore to a family meeting for the purpose of clarifying his dealing with the bank in respect of the property  proved abortive, as his new residence and whereabouts became unknown to them.‬
‪ 
The claimants also stated that the bank’s dealing in respect of their family property was unlawful, reckless, speculative and gold-digging, as diligent and honest enquiry by the bank or its solicitor would have revealed that Mr. John Eikore could not  have posed as the owner of their family property which was duly registered in 1967 and that subsequent investigation into the bank’s acts of trespassing on their land revealed that second defendant ABGLA company Nigeria Limited acted as front for some directors of the bank who purportedly bought their house with a deposit of N100, 000. 00, from a man who purported to be their  late father Mr. Anicetus Eikore who died intestate on November 2, 1990.‬

They further stated that the second defendant subsequently sold their  family house without any colour of the title to the Bank for the sum of N25 million, out of which they gave the impersonator and his agent the sum of N16, 900, 000.00, thereby making a whopping profit of N8million from the illegal deal with the family property.
     
The claimants added that their late father who died intestate on November 2, 1990, could not have possibly sold or transfer any valid legal  equitable title to either Diamond bank or ABGLA Company  in 2006 or 2007, and that the purported unregistered and undated Deeds of Assignment between their father and the defendants was incurably defective, null and void.‬

‪Consequently, the claimants sought a declaration that their family property situated at 105, St. Finbarrs’ Road, near CMS Grammar School, Bariga, Lagos covered by a Deeds of Conveyance dated November 20, 1967, and registered as No. 25 at page 25, Volume 1292, at Land Registry, Alausa, Ikeja, Lagos, could not have been sold or transferred to the defendants in 2006 or 2007 by their late father who died intestate on November 2, 1990.‬

They also sought a declaration that the purported sale of their family property was invalid, null and void.
         ‪
‪However, the defendants in their response to the suit, while denying the claimants’ amended statement of claim, insisted that they bought the property from the claimants’ late father in 2007.‬

Diamond Bank in its statement of defence filed before the court by its lawyer, Segun Ololade, while denying all the claims of the claimant stated that it bought the property from the second defendant, Ablag Company Limited, who originally bought same from late Anicetus Ibhagbe Eikore wherein purchase receipt,deed of sale and necessary documents to further support the fact that the deceased was the owner of the property was supplied to Ablag company  the claimants’ late father who also swore to an affidavit on January 11, 2007.and that it was upon the purchase of the said land from the claimants’ late father, that the second defendant proceeded to perfect the transactions.‬

The bank also stated that before the execution of the necessary documents  between the claimants’ late father to vest title of the property on the defendant, they took reasonable steps to conduct necessary searches and investigations of the said property and found out that the property was duly registered in the name of the claimants’ late father. The bank added that they bought the land without notice of any encumbrance.‬

The bank therefore urged the court to dismiss the claimants’ suit with substantive cost, as it was not properly constituted and also being frivolous, vexatious, and abuse of court process.‬

Also, the second defendant, Ablag Company Limited, in its statement of defence filed by its lawyer, Wole Ajayi, equally urged the court to dismiss the claimants’ suit with substantive cost for being frivolous, vexatious, gold-digging and fraudulent calculated to embarrass them and mislead the court.‬

 The second defendant stated that the claimants’ falsified and fabricated the facts pleaded in their statement of claim which is suggestive of their deliberately putting forward a non-existing John Osemeahon Eikore to defraud it, if their story is believed.‬

It also contended that the claimants’ late father, Mr. Anicetus Ibhagbe Eikore in his capacity as the owner of the said property in the suit, sold the property to it in 2007 which it later directly transferred to the bank. It added that the claimants’ late father on January 11, 2007, personally produce and sworn to an affidavit in respect of the property and later with a police report by himself all in respect of the property in dispute.‬

*the author can be contacted at: [email protected]


Join The Conversation

What do you think?

This site uses Akismet to reduce spam. Learn how your comment data is processed.