A Rivers State High Court sitting in Port Harcourt has restrained billionaire Cletus Ibeto and his group of companies, their servants, agents and privies from continuing to lay claim over a Sungreen Oil and Gas Limited land situated at Niteco Shipyard Layout in Port Harcourt.
The land measures an area approximately 122 hectares.
The court presided by Justice Adolphus Enebeli also affirmed the validity of the deed of assignment registered as No. 37 on Page 37 in Volume 359 of the lands registry office in Port Harcourt executed between Nigeria Technical Company Limited (NITECO) and Sungreen Oil and Gas Limited, a subsidiary of Dozzy.
Justice Enebeli delivered the ruling in a suit brought against Dozzy Oil and Gas Limited and SunGreen Oil and Gas Limited (an affiliate to Dozzy Oil and Gas Limited) by Ibeto.
The court further ordered Ibeto to refund the sum of N3, 295,000,000 being the amount received in naira for the failed land transaction, while maintaining that the $3,000,000 given to Ibeto by Dozzy was not given as part of the payment for the purchase of the land.
However, the court also affirmed Ibeto’s right to statutory right of occupancy over the property within Reclamation Road Layout at Bundu Ama Community with a cumulative area of 22.6536 hectares, the subject of a deed of sub-lease dated March 19, 2010, and registered as No. 47 on Page 47 in volume 280 of the lands registry office in Port Harcourt.
A certified true copy of the judgment delivered on March 29, 2023, but obtained by The Guardian on Friday showed that the court also granted an injunction restraining Dozzy Oil and Gas from trespassing into the piece of land measuring 22.6536 hectares, which forms part of the piece and parcel of land registered as No. 43 on Page 43 in volume 6 of the lands registry office.
