Entrepreneurs persecuted with prolonged court cases in Nigeria – Osakwe

A spot developer, Cecil Osakwe, has lamented what helium described arsenic the persecution of entrepreneurs with prolonged tribunal cases, which helium says has made the Nigerian concern situation a hostile one.

Osakwe, a lawyer and managing manager of Alkire Partners Nig Ltd, is presently facing respective ineligible battles arising from spot investment, including an ongoing ₦300 cardinal alleged amerciable eviction and spot harm lawsuit earlier an Abuja Federal Capital Territory High Court.

Reflecting connected tribunal cases that way investments successful the spot sector, the developer noted that concern occurrence successful high-value sectors similar existent property often pull prolonged ineligible battles. According to him, the concern punishes alternatively than protects enterprise.

Speaking further, helium said, “Land acquisition continues to beryllium 1 of the astir delicate aspects of spot improvement successful Nigeria.

“Developers indispensable navigate analyzable ownership structures, verify onshore titles, and comply with regulatory requirements. Failure to behaviour due owed diligence often leads to disputes, delays, and fiscal losses.”

In the lawsuit marked FCT/HC/CR/222/2023, Osakwe and co-defendants, including lawyer Victor Giwa, are facing a nine-count complaint bordering connected transgression intimidation, menace to life, forceful eviction and demolition of spot estimated astatine ₦300 million.

The proceedings have...