On July 11, Beachway Homes, a Lagos-based property development company, wrote to its client, Imo Ukpong, to terminate his contract with them.
It was the last of several moves that Beachway had made to deny Ukpong ownership of a five-bedroom semi-detached duplex which he bought in the company’s Serene Court 1 Estate in November 2022 for N56 million.
“The new owner, as the assignee, has not paid any N56 million to Beachway or to Mr. Lawal as the proxy “assignor”. While understanding that the new owner is using this means to avoid applying for governor’s consent twice, it will not be in the best interest of Beachway or Mr. Lawal to acknowledge receipt of this purchase price when no such purchase price was paid to either Beachway or to Mr. Lawal,” the company had written to him in a previous email denying receipt of the N56 million which he paid them.
Receipts issued to Ukpong by Beachway for payment of his property
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In an earlier notice, they had told him that, although he could proceed with making payment for the property, failure to meet the agreed four-week timeline or the establishment of a sale by an interested buyer within the agreed payment period timeline would result in the termination of the offer.
Ukpong’s email to Beachway highlighting his concerns
It was after Ukpong expressed concerns about the unfavourable conditions of the offer and certain terms in the contract of sale that the discord between him and the company began.
Beachway began to make false assertions in contrast to several receipts, emails and documents shared between them and Ukpong.
First, they denied receiving N56 million from Ukpong for the property. Meanwhile, Ukpong not only paid N56 million to Beachway, he also paid an additional N1.5 million as documentation fee making a total of N57.5 million paid to the company for which they issued him receipts.
Then they declined to confirm the availability of a tax clearance certificate for either Razaq Lawal, their proxy assignor, or themselves when Ukpong inquired about it in preparation to apply for a governor’s consent for the property.
Ukpong reported the case to the Lagos State Residents Registration Agency (LASRRA) and Beachway made a U-turn claiming that it was Ukpong who avoided applying for a governor’s consent for the property.
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They also failed to provide a resolution after Ukpong insisted that they provide a tax clearance certificate.
Subsequently, they claimed that Ukpong conducted his transactions with one Wole Adeniyi despite having traded documents with him in which it was clearly stated that his transaction was with Beachway and Lawal.
And in a final draw, they asked Ukpong to terminate his contract with them.
At the moment, Beachway has both the keys to Ukpong’s property and his N57.5 million and has kept mum about them.
On Thursday, FIJ called Yinka Lawal, the managing director, and received no response. Text messages sent to both his phone lines as well as a WhatsApp message sent to him had not been responded to at press time.
The post After Receiving N57.5m for 5-Bedroom Duplex, Beachway Homes Asks Client to Terminate Contract appeared first on Foundation For Investigative Journalism.