Maryam Abacha property in Victoria Island placed under court receivership following an explosive developer feud. Get the full story here.
A messy fight over a prime plot in Victoria Island just took a new dimension after a Lagos judge stepped in to freeze all activity on the multi-million naira land. The Federal High Court has taken over the Maryam Abacha property, placing it under interim receivership until her row with a developer is settled.
The matter got to Justice Ambrose Lewis-Allagoa through an emergency filing by lawyers representing the former First Lady. To keep things under lock and key, the judge ordered the court’s Deputy Chief Registrar and a certified estate firm to take full charge of the site at No. 68 Molade Okoya Thomas Street, right off Ajose Adeogun.
At the same time, the judge slammed a strict order on Levitikal Realties & Construction Limited, warning them not to sell, lease, transfer, or attempt to mortgage any part of the land.
Maryam Abacha property
This whole fight over the Maryam Abacha property started back in May 2021 when both sides signed a joint venture deal to redevelop the plot into 18 luxury three-bedroom apartments. According to court papers sworn to by her son, Sadiq Mohammed Abacha, his mother has owned the land since July 1988 under a valid Certificate of Occupancy. The agreement was simple on paper: Levitikal would construct the estate and take nine units as their payment. Maryam Abacha property
Things quickly turned ugly when the company allegedly failed to secure necessary building permits from Lagos State authorities and completely missed construction deadlines. Sadiq told the court that his mother officially revoked the firm’s power of attorney in May and ended the deal. Maryam Abacha property
But the real shocker came when the family discovered that Levitikal had allegedly used the Maryam Abacha property as collateral to secure bank credit facilities from Providus Bank Limited, despite having no legal title over the land to pledge as security.
The family claimed the developers kept marketing the flats to unsuspecting buyers even after the agreement was dead. To stop the land from being secretly sold off or tangled in bank debt, Justice Lewis-Allagoa authorized Mrs. Abacha to publish the court order in national newspapers to warn potential investors.
The judge also called in serious firepower, directing the Inspector-General of Police, the Lagos State Police Commissioner, the AIG for Zone 2, and the EFCC to assist in enforcing the lockdown on the site.
For now, nobody is selling, buying, or building on the Maryam Abacha property until all parties return to court on November 9 to argue the main case. Maryam Abacha property
Meanwhile; Ex DSS Director Dennis Amachree says Abacha death caused by heart attack that is what the former DSS Director is claiming now — and after nearly thirty years this story just got a whole new layer.
Nigerians of a certain age do not need to be reminded. That day is already inside them somewhere
Abacha is dead.
Just like that. The man who had made himself into something close to untouchable was gone. And before the dust could even settle the stories started coming from every direction.
Poison. Indian women. Viagra. Someone sent by foreign governments. Someone sent by enemies closer to home.
Pick a version. Nigerians had all of them.
Now somebody who was actually there — not a journalist, not a politician with something to gain — is speaking.
Dennis Amachree And What He Is Saying About The Abacha Death Heart Attack
Dennis Amachree was a Director in the DSS.
Not a junior staff. Not someone who heard things secondhand in a corridor. A Director. Inside the Department of State Services during one of the most tightly controlled governments this country has ever seen. Continue reading here
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