A4 Realty Limited has leveled allegations of property fraud against Access Bank Plc. The dispute revolves around a 5,000 sqm plot of land situated in Ojomu Chieftaincy Family Layout, Ajiran, Eti-Osa LGA. The bank is being accused of using the Nigeria Police Force, Economic and Financial Crimes Commission (EFCC), and thugs to harass A4 Realty Limited over the property despite collecting N500 Million from the real estate company as the purchase price.
The Lagos State High Court has issued interim injunction, temporarily restraining the Bank and the Law Enforcement Agencies based on a Suit filed by A4 Realty Limited. The interim reliefs are intended to safeguard the company from further harassment from the Bank.
The Court’s Orders are clear and direct; Access Bank, the Police, EFCC, and the Inspector General of Police are prohibited from threatening, arresting, or expelling A4 Realty Limited’s staff or interfering with their interests in the disputed land. The court has also directed the Respondents to maintain the status quo until the Originating Motion on Notice, filed by A4 Realty Limited, is heard and determined.
The substantive suit is scheduled for November 13, 2023.
The injunction provides a temporary respite for A4 Realty Limited, enabling them to continue their activities on the land without further harassment. However, the final resolution of the matter will only occur when the main suit is heard and decided on the next adjourned date.