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Abuja Property Firm Sealed by Court Amid N200 Million Dispute

The sealing of an Abuja-based real estate firm by a Federal Capital Territory (FCT) High Court has been ordered amid a dispute involving the sale of a property worth N200 million. The court's decision follows an ex-parte application lodged against KYC Interproject Limited, the real estate firm in question, by Arodiogbu Enterprises Limited.
 
Trial Justice E. Okpe, having heard the arguments presented by the plaintiff's counsel, Mr. Ugo Nwofor, instructed that all legal documents be served to individuals within the Respondent's office. Additionally, the court issued a directive restraining KYC Interproject Limited and its Managing Director, Mr. Michael Auta, from altering or selling two specific plots of land situated at KYC Homes, Delarogue City, Guzape District, Abuja.
 
The lawsuit, bearing reference CV/HC/CV/6941/2023, primarily sought declarations related to the contractual agreement between Arodiogbu Enterprises Ltd and KYC Interproject Limited, dated and notarized on June 30, 2023. The plaintiff urged the court to affirm the defendants' obligation to process and provide the Certificate of Occupancy and Building Approval for the properties known as Plots 1 and 2, located at KYC Homes Phase 3, KYC Delarogue City, Guzape District, Abuja.
 
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Furthermore, the plaintiff contended that the continuous withholding of title documents, including the Certificate of Occupancy and Approval Plan, by the Respondent, despite repeated demands, was unlawful and void.
 
In response to the ex-parte application, the court issued an interim injunction, preventing the defendants from interfering with or disposing of the properties in question. The order remained in effect until the motion on notice was fully heard. Additionally, the court granted the plaintiff permission to serve the second defendant with legal documents through any representative within the first defendant's office.
 
Ultimately, the court's actions reflect its commitment to safeguarding the subject matter of the dispute and ensuring a fair and just resolution of the case.
 
Source: vanguardngr

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