Business

Kubgo International Market: FCTA Must Not Promote Land Grabbing

By Musa Yaji

Advertisement

The attention of United Kugbo Market Traders Association for Building Material, Timber, Furniture, Mechanic and Cement has been drawn to a statement jointly made by Abuja Investment Company Limited and MESOTHO Group Limited, which in our view and under whatever guise, contravened the FCT administration’s stance on land grabbing.

In a statement signed by Prince Emeka Egwuekwe, President, KIMTA said the report, carried in selected print and electronic outlets, the two organizations who spoke during a media tour of the disputed Kugbo International Market, made spurious ownership claim to the Kubgo commercial layout which was lawfully allocated to members of Mararaba Building Material Market; the Kubgo Market Traders Association for Timber, Furniture, Mechanic and Cement, by the FCDA.

“Ordinarily, we wouldn’t have bothered joining issues in a matter that the FCT high court in 2017, ruled in our favour, but because Abuja Investment Company Limited and MESOTO Group Limited threw caution to the wind by engaging in a media gimmicks which had all the trappings of advertisement aimed at hoodwinking prospective subscribers.

He Urged the general public to be wary of their investment decisions as the Kugbo International Market is in dispute, we wish to therefore remind the minister of the FCT that having applied for the Kugbo commercial layout and got the approval of the FCDA and allocation in 2003, in 2017 when we applied for revalidation of the same layout, it was the FCT minister, His Excellency, Muhammed Musa Bello that approved and granted the revalidation.

According to him, for the avoidance of doubt, it is on record that neither did MESOTHO who happened to be our developer until we parted ways after irreconcilable differences nor the FCT administration had challenged the judgment of the honorable court which ruled in our favour; and not surprisingly, the judgment was never set aside until the renewed attempt to grab the Kugbo commercial layout in 2020, with the backing of the FCT police command.

READ MORE:  Forex supply falls to $82.9 million as exchange rate depreciates to N698/$1 at black market

“It is also noteworthy that in December 12, 2021 and January 13, 2022, our members, took steps to caution the general public on the disputed Kugbo International market during an SOS procession, where we called on the FCT minister to dissuade Abuja Investment Company Limited and its co-travelers to vacate the Kubgo commercial layout.

Dear Reader,
Every day, we strive to bring the most accurate, up-to-date, and complete information to our readers like you. It requires money to produce good journalism. We're asking for your help today to help us do more. Your contribution ensures that Metro Times can continue to provide good journalism to people all over the world.  Donate or sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Union Bank Plc
0139921998
Micnaij Media Ltd


Inquiries:
Email: info@metrotimesonline.com
Whatsapp: +234 701 162 0455