Tuesday, November 24, 2020

Kwara Assets: Witness tells how he bought a government property in Kaduna with no C of O

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… Says he bought it under duress

… Panel issues subpoenas to six people

By Demola Akinyemi

An AbdulRahman Shuaib on Thursday recounted his ordeal before the Judicial Commission of Inquiry into Kwara State Government Asset Sales in Ilorin about how Harmony Holdings Limited (HHL) offered him ownership of the Kwara State Government at 7, Pariya Road in Kaduna. the sum of N50m with the mere sighting of the C of O.

He also pleaded with the commission to lower the cost that he bought the property from the kwara state government, because he did the same under duress, and which later found that he was cheated out of the price that other government properties were sold in Kaduna.

Testifying before the panel, Shuaib said that he had been living in the three-bedroom apartment with children’s rooms since 1997 as a tenant until in 2014 he was approached by then-group CEO of Harmony Holdings Limited, Adebayo Sanni, to purchase the property. property.

He told the panel: “I know that the property was owned by the Kwara state government. I started as a tenant of Kwara State Investment and Property Development Corporation paying between N100,000 and graduated with N800,000 until 2014 when Harmony Holdings took over the property and they offered to buy the property for the sum of N60m. I had no idea to buy the property. They (Harmony Holdings) started the idea and then agreed to pay the sum of N50 million. “

When the panel’s lead attorney, Joseph Bamigboye (SAN), asked the witness about the nature of the title to the property, Shuaib said they showed him the certified true copy of his Certificate of Occupancy that served the purpose of their negotiation.

“At the time of negotiation I saw a certified true copy of your Certificate of Occupancy and we understood the immediate payment of N40m to the account of Harmony Holdings Limited. The money was recognized through a letter. So the balance became a problem because I insisted on getting the C of O. I committed 80% of the payment in the belief that I was dealing with a government-owned agency. I gave the benefit of the confidence that by the time I pay the next N10m, I would have seen the original copy of the certificate of occupancy. But that did not happen.

“Although there was pressure from Harmony Holdings Limited to pay the outstanding amount, I stood firm when I saw the C of O. However, as I continued the conversation with Adebayo Sanni, Hussein Alada and Joseph Afolayan of Harmony Holdings Limited, I told them as a man of honor, I would release the sum of N7.5m in addition to the N40m and hold on to N2.5m, so if it is necessary to authenticate and regularize the document, I will use it and offer the net balance. So, we agreed to that. I told them to declare in a recognized newspaper that the C of O was missing and to compensate me, which they did.

“So I hold onto N2.5m until C of O comes out and we reconcile the account because his advance attorney is in Kaduna.”

Shuaib, therefore, pleaded with the commission to order the perfection of the title, as well as considering reducing the price he paid for the property, saying that he was improperly misled and agreed to pay the amount under duress compared to the amount he paid. HHL sold other Kwara state government properties in Kaduna.

Therefore, the commission summoned Professor Saka Nuhu, Alhaji Idris Ibrahim (Kaduna), Jamal Solomon (Kaduna), the Taoheed community in Ilorin, and Daudu Amule Ile-Egba Shuaib Agboola Olarongbe to appear before it.

The chairman of the commission, Judge Olabanji Orilonishe, ordered the secretary of the commission, Alhaji Muhammad Baba Orire, to summon the affected persons in accordance with Article 8 of the Commissions of Inquiry Act (No. 4 of 2006) as a result of your failure to comply with the provisions of the commission. invitation to appear before him on Thursday.

Former CEO of Harmony Holdings Limited Group
Meanwhile, Adebayo Sanni had appeared before the Commission on Wednesday regarding the state government’s 11 Catchment Road property that it allegedly bought but ultimately seized from the government through the Economic and Financial Crimes Commission (EFCC).

The commission had also questioned the former Director General of the Kwara State Office of Micro, Small and Medium Enterprises, According to Soewu, about the management of the N4.7 billion fund for SMEs under the last administration in the state.

However, the Chairman of the Commission, Judge Olabanji Orilonishe (Rtd), instructed Soewu to present the list of all beneficiaries, their addresses, the amount collected, the amount paid and the pending payment.

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