Showing posts with label Drags. Show all posts
Showing posts with label Drags. Show all posts

Wednesday, July 31, 2013

Nigeria: Dubai Property Deal Turns Sour As Marketing Company Drags Businessman to Court

An attempt by a Nigerian businessman, Mr. Washington Umweni to own one of the luxury apartments in Dubai, the United Arab Emirates, has resulted in a legal tussle between him and the companies marketing the apartments in Nigeria.

In a suit filed at the Lagos High Court Sigma 111 Limited, TFG Real Estate Limited and four others plaintiffs have dragged one of their investors, Umweni and his lawyer, Mr. Tunde Abioje to court asking the court to compel Umweni to pay his overdue instalments for the purchase of Unit 2212 TFG Marina, a high luxury apartment hotel situate in Dubai Media City.

They are also asking for the payment of N170 million as damages arising from Umweni's refusal to continue to pay the instalments. They claimed that the refusal of Umweni to fulfil his obligations under the contract he executed with them constituted a breach of contract.

In his response to the suit, Umweni stated that it was The First Group who was in breach of their contract hence it made three separate proposals to make a refund and noted that there would not have been any problem if the company had refunded him his contributions.

He said: "I am amazed by their action. They earlier claimed in one of their numerous letters to me that no Nigerian court can delve into this matter and that I should go to Dubai and sue them there, now, they have gone to a Nigerian court in Lagos. This shows that they are beginning to come to terms with reality. I will get justice no matter how long it takes. The First Group cannot take my money for nothing."
In his statement of defence, Umweni said he was no longer interested in the TFG Marina Project and wanted his contribution which stood at N9.7 million refunded to him.

He stated that the project was a mere paper work and that the suit by the defendants was a cover up to tie down his money. In an affidavit he deposed and attached to the statement of defence, Umweni said that at all material time, he was made to believe he was dealing with The First Group (TFG) and not with the two companies that filed the action against him.