BREAKING: Court Halts Apo Resettlement Scheme Market Project In Abuja
A High Court of the Federal Capital Territory (FCT) has stopped work from continuing at the Apo Resettlement Market Scheme.......➡️CONTINUE READING THE FULL ARTICLES HERE.
The market project is located on plot 1729 Cadastral Zone E27, Apo, Abuja.
The CEO of Techs and Concretes Nigeria Ltd. Dr. Shuaibu Omeiza Musari, on Monday visited the project site to paste the court order and also inform workers on the site to stop work as ordered by the FCT High Court.
Justice Yusuf Halilu, in a ruling on the suit marked: CV/467/2024, ordered the AMAC Investment and Property Development Company Limited, Commercial Properties Ltd, Manillah Integrated Partners Ltd, and their agents to halt any further works pending the determination of a subsisting suit that was brought against Dr. Shuaibu Omeiza Musari and his company, Techs and Concretes Nigeria Ltd.
In an interlocutory order delivered on April 15 2025, Justice Halilu restrained “the Claimants/Defendants to the Counterclaim/Respondents, whether by themselves, agents, proxies, servants, employees or howsoever described, from starting, commencing or continuing further construction work on the property subject matter of dispute, being Plot 1729, Cadastral Zone E27, Apo, Abuja, pending the hearing and final determination of the substantive suit filed by the Claimants and Counterclaim filed by the 2 Defendant.
“Financier and Sole Marketer, and in line with the terms, the 2™ Defendant furnished a consideration accordingly by providing the required capital/fund for the operations and development of the project with a sum of N15,000,000.00 (Fifteen Million Naira), which the 3rd Claimant duly acknowledged receipt of.
“The 2nd Defendant Counter Claimant/Applicant on account of the Joint Venture Agreement which the parties executed sourced the said funds on a high interest rate to put the project in motion as the Co-developer, Financier and Sole Marketer which propelled the project to witness a remarkable and substantial progress after the release of the said funds.
“Against the terms of the Joint Venture Agreement duly entered into by the parties, the 3” Claimant/Defendant to the Counterclaim/Respondents, after leveraging on the funds provided by the 2™ Defendant/Counter-Claimant Applicant, disingenuously schemed her out of the contract and claimed that the agreement no longer exists, contrary to the terms of the JVA and having utilized the funds provided by the 2™ Defendant/Applicant to commence the project
“Having injected huge funds into the project and it has become commercially viable, the 1% Claimant/Defendant to the Counterclaimant/Respondent, became despotic, disingenuously schemed the 2nd Defendant/Counterclaimant/ Applicant out of the project and commenced construction work without carrying the 2% Defendant along, just to become the sole marketer, ever after using funds from the 2nd Defendant Counterclaimant/Applicant to kick start the project.
“Parties to a contract are legally bound to respect and comply with the terms and conditions of the contract they voluntarily entered into as expressed in the maxim in “pactasuntservenda” meaning “agreements must be kept”, as doing otherwise will result in breach of the contract which the law frowns at.
“There is nowhere in our laws and indeed, in a decent society, where a party would be allowed to brazenly, whimsically and capriciously unmake or vary the provisions of a contract validly entered into by two or more parties,” Justice Halilu said.