By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The CapitalThe CapitalThe Capital
Notification Show More
Font ResizerAa
  • Home
  • News
    • Featured
      • Featured Profile
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Reading: Things Fall Apart! Lagos Government Charges Olajide Awosedo To Court For Land Grabbing
Share
Font ResizerAa
The CapitalThe Capital
  • Home
  • News
  • Business
  • Politics
  • International
  • Entertainment
  • Lifestyle
  • Opinion
  • Sports
Search
  • Home
  • News
    • Featured
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Have an existing account? Sign In
Follow US
Homepage

Things Fall Apart! Lagos Government Charges Olajide Awosedo To Court For Land Grabbing

March 21, 2018 4:10 pm
The Capital
Share
SHARE

Like a sewer rat fleeing the onslaught of an unrelenting charwoman, the controversy-prone businessman, Jide Awotedo is running hither, thither  as you read.  Now that comeuppance stares him in the face, the dark menace of retribution makes a coward of him. So sad!

A 26-count charge has been filed by the Attorney- General of Lagos State against controversial property developer and politician, Mr. Olajide Awosedo at the Lagos State Special Offences Court, Bolade, Oshodi, Lagos State. According to the charge sheet dated February 16,2018 (find attached the charge sheet), Mr. Olajide Awosedo fraudulently sold several landed properties belonging to the Asset Management Corporation of Nigeria (AMCON) to 26 unsuspecting buyers in contravention of section 8 (1) (b) of the Lagos State Properties Protection Law, 2016 popularly known as the Land Grabbers’ Law.

If convicted, Mr. Olajide Awosedo could spend up to 21 years in jail. Mr. Awosedo has been variously described as a serial debtor (http://thenewsnigeria.com.ng/ 2017/12/amcon-responds-to-alle gations-from-grant-properties- promoter-olajide-awosedo/) indebted, according to reports, to nothing less than nine banks in the sum of N22 billion. Most of Mr. Awosedo’s housing projects have failed due to his inability to repay his debt to lenders. It is also common knowledge that almost all of Mr. Awosedo’s projects and personal properties have been seized and taken over by AMCON and banks that lent him money.

Mr. Awosedo’s propensity for fraudulent, criminal and shady dealings is well known. He is said to have swindled unsuspecting purchasers of landed property of millions of Naira to whom he made false promises to sell land he did not own or to build houses he had neither intention nor means to build. Awosedo is also known to have forged several documents to perfect his fraudulent and criminal acts. It is also widely known that Mr. Awosedo who hails from Ijebu-Ode used monies borrowed from banks for housing projects to play in politics. He is said to have lavished humongous sums of borrowed monies in his unsuccessful bid for Governor of Ogun State in 2011.

See also  It's exclusive! Who will save Bukola Saraki and Amaechi ...Why they hate each other's guts

Surely, it is in the interest of our society that unscrupulous, fraudulent and shady individuals like Mr. Awosedo, no matter how highly placed, should be made to answer for their misdeeds. The decision of the Attorney General of Lagos State to prosecute Mr. Awosedo is therefore commendable and should be applauded. We call upon the Federal Government to sack Mr. Awosedo from serving on the Board of the National Hospital, Abuja with immediate effect. To appoint the likes of Mr. Awosedo into positions of authority not only sends a signal to the international community that the current administration is not serious about the fight against corruption and might mislead citizens into believing that fraud/crime is rewarded in Nigeria.

You Might Also Like

REVEALED! $2m, N17m Stolen From My Palace During Protest – Oba Akiolu
Saraki’s trial: Senators summon tribunal Judge
Breaking: Globe Motors Boss, Willy Anumudu Is Dead
Seyi Tinubu’s Timely Mission
REVEALED! Yari built Lagos hotel with N500m, $500,000 Paris Club funds – EFCC
Share This Article
Facebook Email Print

JUST IN: Court Sacks Wike’s Backed Exco; Gives Fresh Order

The Court of Appeal sitting in Port Harcourt, on Friday, upheld the…

BREAKING: Amaechi Speaks on Accepting Atiku’s Running Mate Offer

Former Minister of Transportation, Rotimi Amaechi, has refuted claims that he was…

Atiku Picks Popular Ex-Minister as Running Mate – Source

Strong indications have emerged within opposition circles that former Vice President Atiku…

BREAKING: Top APC Senator Joins NDC for 2027 Election

Former Deputy Senate President and influential Delta politician, Senator Ovie Omo-Agege, has…

Full List: PDP Governorship Candidate Emerging Across Nigeria

The Peoples Democratic Party (PDP) has concluded governorship primaries in Plateau, Oyo,…

Follow US

Find US on Social Medias
FacebookLike
XFollow
TelegramFollow
WhatsAppFollow

You Might Also Like

Death, The Governor-Elect And His Bride…Reality Bites Audu Abubakar’s Teenage Widow, Olivia

July 2, 2018

Sagay, Falana condemn Senate’s bid to amend CCT law

April 15, 2016
Homepage

JUST IN: NDC Announces Date For Primaries, Issues Stern Warning

May 27, 2026

BREAKING: Adeboye Leads Protest Against Insecurity, Killings

February 2, 2020

Categories

  • News
  • Homepage
  • Business
  • Politics
  • Top News
  • Highlife
  • Entertainment
  • Sports
  • Lifestyle
  • Inside Boardroom

About The Capital

We deliver premium coverage of business, politics, lifestyle, entertainment, and society stories shaping Nigeria and beyond. Through credible reporting, insightful features, and engaging digital storytelling, we keep readers informed on the people, trends, events, and conversations driving modern culture and public discourse.
Quick Links
  • About
  • Advertise
  • Contact

Connect with us on Social Media

Facebook X-twitter Whatsapp Envelope

Send us email: [email protected]

© thecapital.ng. All Rights Reserved. Designed by Semasir Connect.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?