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Fraud: Lagos Businessman Sues UBA For N38 Million

A Badagry High Court in Lagos on Tuesday fixed January 25 for further hearing in a N36.8 million claim against the United Bank for Africa (UBA).

A Lagos businessman, Alhaji Lasisi Ayomumoye, dragged UBA to court, claiming N36.8 million for a breach of deed of a property sub-lease.

In a statement of claim filed by his counsel, Akinpelu Salau, the claimant said a deed of sub-lease, which commenced on October 1, 2006, was breached by UBA on his building situated at Plot 15, Aina Layout, Lagos Abeokuta Road, Dopemu, Lagos State.

He said that contrary to the deed of sub-lease, UBA wholly demolished the property and erected a new structure without the claimant’s consent or approval.

In the alternative, the businessman is demanding N24 million as the cost of restructuring the present building to a multi-purpose building, similar to what the structure was when the deed was signed.

He said that upon the discovery of the breach, the claimant wrote several letters to the bank, requesting for compensation, but the bank ignored him.

The claimant alleged that the bank, in 2008, registered a forged deed of sub-lease, purporting same to be the one executed by him.

He added that the document fraudulently registered by the bank on the property was fundamentally different from that which was executed by both parties in 2006.

At the resumed hearing of the matter on Tuesday, Salawu said that the amendment of statement of claims by the defendant was filed only on December 5, and that he needed time to study it for necessary response.

The bank was not represented by any counsel at the sitting, and Justice Okikiolu Ighile, subsequently adjourned the case to January 25. (NAN)

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