Abuja Investments coy denies land grabbing accusation

The Abuja Investments Company Limited (AICL) has denied media reports accusing it of forcefully taking over a plot purportedly belonging to traders at the Kugbo International Market. The traders, under the auspices of the Kugbo International Market Traders Association (KIMTA), had accused the company of attempting to reclaim Plot 8279-E08, Kugbo Commercial Layout, which they […]

The Abuja Investments Company Limited (AICL) has denied media reports accusing it of forcefully taking over a plot purportedly belonging to traders at the Kugbo International Market.

The traders, under the auspices of the Kugbo International Market Traders Association (KIMTA), had accused the company of attempting to reclaim Plot 8279-E08, Kugbo Commercial Layout, which they said was lawfully allocated to the association since 2003.

KIMTA had, in a statement by its president, Prince Emeka Egwuekwe, claimed that the plot in dispute was duly allocated to members of Mararaba Building Materials Market in 2003, and revalidated in 2017.

However, responding to the accusations, Abuja Investments Company Limited, dismissed the report as a gross misrepresentation of the facts and a malicious publication aimed at achieving the selfish agenda of a group of people.

The company, in a statement, insists that the title to Plot 8279-E08 where the Kugbo International Market is being developed was granted to Abuja Investments Company Limited free of any encumbrance via an Offer of Statutory Right of Occupancy dated March 29th, 2019 for the purpose of developing a district market to serve Nyanya and adjoining districts.

The statement, signed by the Head, Real Estate Department of Abuja Investments Company Limited, Benedict Nwakalor, said all necessary approvals were obtained, from the relevant authorities before the commencement of the project.