From Scholastica Hir, Makurdi
The management of Benue Investment and Property Company Limited (BIPC), said they have activated administrative and judicial processes to eject individuals who have defaulted on the terms of payment for the company’s Evergreen Estates.
The estates are located at Nyiman and North Bank areas of Makurdi, the Benue State capital.
The Managing Director of the company, Dr. Raymond Asemakaha, in a statement, explained that the affected persons were earlier given sufficient grace period before the judicial process of ejection was activated.
He said the decision to eject the allottees and occupants followed the expiration of the period of grace conveyed to them.
According to him, the affected allottees are yet to pay the purchase price as stipulated in the Provisional Offer letters, adding that “the management is pleased to inform the general public that the company has activated administrative and Judicial processes of ejecting such allottees/occupants.
“As a business entity with a mandate to maximise profits for the shareholder, management is compelled to explore this line of action in order to minimise the losses associated with the continued occupation of the estates by such allottees and occupants.
“The ejection exercise is not in any way aimed at victimising the allottees and occupants as the company has exhausted the internal remedies provided in the provisional offer letter including but not limited to verbal and written persuasion to the allottees/occupants of the Estates to pay the purchase price annually or monthly but to no avail.”
“Members of the public are therefore enjoined not to be misled by the unsubstantiated reasons advanced by such allottees as noncompliance with the ejection exercise will attract punitive legal consequences,” he said.