Firm Asks Court to Order Customs to Pay N5bn Debt


  • Defendants deny any wrong doing

Tobi Soniyi in Lagos

A property development company, Cambial Ltd has asked an Abuja High Court to order the Nigerian Customs Service Board (NCSB), to pay it N5billion being a debt owed for the sale of 120 units of four-bedroom houses to customs.

In court documents filed by Professor Yemi Akinseye-George (SAN), in the suit, marked: FCT/CV/607/2016, the plaintiff stated that from 2003 to 2007, it obtained Estate Development Loan, totalling about N1.42billion from the Federal Mortgage Bank of Nigeria (FMBN) which it deployed to the construction of 120 units of four-bedroom houses in its parcel of land located in Kuje, Abuja.

Other defendants are Comptroller-General of Customs (CGC), ex-CGC, Alhaji Abdullahi Dikko Inde, Alhaji Garba Bala Makarfi and a legal practitioner, Mr Umar A. Husain.

Cambial stated that after building the 120 units four-bedroom houses, it put the estate up for sale, following which the…

Source: Thisday Newspaper