The Benue Investment and Property Company Limited (BIPC) is set to repose properties allocated to individuals who have defaulted on the terms of payment. The affected estates are the BIPC Evergreen Estates (Nyiman and Northbank).
A statement by Dr. Raymond Asemakaha Jr, the Managing Director/Chief Executive Officer indicated that the affected persons were given a sufficient grace period before activating the process of ejection.
The statement read: “Following the expiration of the period of grace conveyed to the allottees/occupants of BIPC Evergreen Housing Estates who are yet to pay the purchase price as stipulated in the Provisional Offer letters; Management is pleased to inform the general public that the company has activated administrative and Judicial processes of ejecting such allottees/occupants” it said.
The statement noted that “as a business entity with a mandate to maximize profits for the shareholder, Management is compelled to explore this line of action in order to minimize the losses associated with the continued occupation of the estates by such allottees/occupants.”
BIPC said the “ejection exercise is not in any way aimed at victimizing the allottees/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” the statement concluded.
