A home subscriber, Mr. Abraham Omokanye, has instituted a suit at a Lagos High Court, sitting at Igbosere, against a real estate firm, Gran Imperio Group, over alleged attempt to defraud him of the sum of N4.036 million, through mortgage scam.
Joined a co-defendants in the suit are; Metropole Interproject Limited, and Managing Director of Gran Imperio Group, Mr. Adeyeye Ogunwusi.
Omokanye in the suit with number LD/267CMW/2015, is seeking a court order of the court directing the defendants severally and individually to pay him by certified bank Durant the sum of N6,397,852.50, with interest at the rate of 35 percent per annum before judgment and 19 percent per annum from judgement, until judgment is liquidated.
At the resumed hearing of the suit on Monday, lawyer to the claimant, Mr. Chukwuemeka Amaghiro, informed the court that the matter is for hearing of all pending applications in the suit.
However, lawyer to the defendants, Mr. Olanrewaju Jolaoso, informed the court that his clients are making steps to settle the matter out of court.
He therefore urged the court for a short adjournment.
Consequently, the presiding judge, Justice A. J. Coker, adjourned the Matter till June 30, for report of settlement.
Responding to the suit, the defendants in their statement of defence filed before the court through their lawyer, Mr. Olanrewaju Jolaoso, while urging the court to discountenance the plaintiff’s claims, stated that after its wide spread campaign and subsequence subscription to the clients there was a sharp increase in the price of building materials, coupled with the fact that the estate was oversubscribed by large numbers of customers which led to acquisition of more land mass from the land owning family invariably increased the amount to be spent on amenities to be provided in the estate.
They further stated that they never breach the terms of the offer but the initial terms were not workable due to resources required to develop the estate. And that the development work never stopped in the estate while the claimant refused to pay during negotiation.
They therefore seek an order of the court directing the claimant to pay to them, the total sum of N12 million, being special and damages for the breach of contract.

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