Court hears alleged breach of contract suit May 9
Justice Femi Adeniyi of an Ikeja, Lagos High Court has fixed May 9, 2017 for further hearing in a suit filed by Omega City Ventures Limited, Oshomak Ventures Limited and Steel Works Limited against the Managing Director and Executive Vice Chairman of Sifax Group Nigeria Limited, Dr. Taiwo Olayinka Afolabi and his company for alleged breach of contract.
The presiding judge fixed the date after the claimants closed its case for the defendants to open theirs
The claimants, in the suit, are praying for an order of the court for “immediate and unconditional payment of N90 million by the respondents to the first claimant being the 10 per cent commission of N900 million purchase price in respect of service rendered to the defendants as estate agents in getting the defendants the property formerly known as plots 5 and 6 but now known as No 212, Moshood Abiola Way, Ijora measuring approximately 13,800 square metres.”
In the writ of summons, the plaintiffs claimed that they were into real estate, property development and general contracts duly incorporated under the Companies and Allied Matters Act 1990.
They claimed that the first defendant sometime ago sought to buy the property at Ijora, Ebutte-Metta and Surulere axis of the state for business purposes which the claimants reportedly executed.
The claimants averred that the “ third claimant got the property and introduced to the second defendant, who in turn, linked and introduced the said property to the first claimant who has direct link with the defendants. The first claimant introduced the property to the defendants via her letter of 28th July 2014 titled, Steel Fabricatior For Sale.
“The first claimant did not only introduce and describe the property to the defendant but also attached all necessary title documents which included but not limited to governor’s consent registered as no 76, page 76 volume 2083 and dated 17/7/2003.
“The claimant made it clear to the defendant that she will be collecting a professional fee of 10 per cent of the purchase price of the property to which the defendant till date never disputed. The claimant hereby pleaded the said letter of 28th July 2014 which was received and acknowledged by the defendant on July 30, 2014.”
The claimants subsequently prayed the court to order the defendants to pay N50 million general damages for the stress, trauma and the untold hardship suffered by them.