Development Company Limited, before a High Court of the Federal Capital Territory over an alleged breach of contractual agreement.
In the suit marked: CV/328/2022 filed by a Senior Advocate of Nigeria SAN, Mr Ibrahim Idris, the subscribers, who sued through six of their representatives, accused Olafisoye and A & G Estate Ltd of breaching the terms and conditions contained in the letters of offer issued to them. In their statement of claim, the claimants described Olafisoye, who they claimed owns A & G Insurance Plc, as an individual with “an unimpressive and sordid track records in his business or commercial dealings”.
The claimants stated that the 2nd defendant, in alleged connivance with the 1st defendant , failed to abide by the terms and conditions contained in the said letters of Offer. They stated that to date, the exact tenor or term of the lease, donated to them by the 2nd defendant, has been kept away from them because the 2nd and 3rd defendants have been unwilling to disclose “the accurate tenor in the head lease and by extension, the sub-lease between the 2nd and 3rd defendants.”
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