ATCO Homes Petitions EFCC over Irregular  Ibeju-Lekki Land Deal

Sunday Okobi

Lagos ATCO Homes, a Lagos-based real estate development company, has petitioned the Economic and Financial Crimes Commission (EFCC) over alleged irregularities and fraudulent activities in a land transaction involving the Daramola family, acting on behalf of Bolorunpelu Onigbedu Village of Ibeju-Lekki, Lagos State.

According to the petition made available to the media yesterday by ATCO Homes’ Group Managing Director and Chief Executive Officer, Mr. Bartholomew Egbochie, ATCO Homes stated that it legally acquired its estate land in 2020 from the Daramola family of Bolorunpelu Onigbedu Village situated within the 35.73 hectares covered by a Certificate of Occupancy (C of O) dated April 24, 2015, registered as No. 78 at page 78 in Volume 2015H of the Register of Deeds at the Lagos State Lands Registry, Ikeja.

 “However, years after the valid transaction, the same family allegedly applied to the Lagos State Government to adjust the boundary of the titled land without the company’s consent or participation,” he stated.

 The real estate firm stated that the move effectively shifted the titled coordinates to a different location, leaving ATCO’s originally acquired and developed estate outside the title coverage, thereby creating both legal and investor conflicts.

  Egbochie described the development as “a deliberate breach of contractual trust and title integrity,” stressing that it has confused subscribers who purchased plots in good faith.

 He further revealed that the Bolorunpelu family executed a Deed of Rectification, registered as No. 24/2784 at the Lagos State Lands Registry, Alausa, in July 2024, without notifying or involving ATCO Homes. Egbochie added, “ATCO Homes was never carried along in any rectification process. Yet, the family altered the land boundaries and title coordinates in a way that jeopardised our legal interest and that of our subscribers.

“We have petitioned the EFCC to investigate and prosecute all parties involved, to protect investor confidence and restore integrity in Lagos’ real estate sector.”

 ATCO Homes reaffirmed its commitment to due process, transparency, and lawful real estate operations, noting that its legal and compliance teams are actively engaging with both the EFCC and the Lagos State Ministry of Lands to ensure full accountability.

 The company urged its subscribers and investors to remain calm and confident, assuring them that their investments remain safe and valid, as discussions with relevant authorities are ongoing to safeguard all title interests and maintain public trust in Lagos’ real estate environment.

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    In a condolence message sent from London, Anyaoku lamented the passing of the revered diplomat, corporate leader, and statesman, noting that Nigeria has lost one of its most ethical and exemplary figures in both public service and the private sector.

    “Christopher Kolade was a star leader in our country’s broadcasting service, a real guru in the private sector where, among other notable accomplishments, he guided as the Chief Executive Officer and later as Chairman the operations of such great company as Cadbury Nigeria Plc,” Anyaoku stated.

    He also highlighted Kolade’s “remarkably enduring legacies,” including his service as Nigeria’s High Commissioner to the United Kingdom, a position through which he represented the nation with dignity and excellence.

    Reflecting on their personal friendship, Anyaoku fondly recalled their light-hearted conversations about the three-week gap between their birthdays, which Kolade humorously used to assert “the privileges applicable to age seniority in our age-conscious society.”

    Anyaoku prayed for divine comfort for Kolade’s widow, Beatrice, and the entire family. “I pray that The Almighty will grant Beatrice and the rest of his family the courage to bear the loss. And may his soul rest in perfect peace,” he said.

    ​  

    Former Commonwealth Secretary-General, Chief Emeka Anyaoku, has mourned the death of Dr. Christopher Kolade, describing him as “an Iroko in the country’s limited forest of public servants with impeccable integrity.”

    Tinubu Pens Heartfelt Tribute to ‘inimitable Christopher Kolade’ (Full Text)

    Tinubu Pens Heartfelt Tribute to ‘inimitable Christopher Kolade’ (Full Text)

    I received with profound sadness the news of the passing of the inimitable Dr Christopher Kolade, a broadcaster and boardroom guru who is one of Nigeria’s intellectual treasures.

    Dr Kolade, 92, was a custodian of our enterprise history, especially concerning corporate governance and human resources management. He was a principal figure in reputable institutions like the Lagos Business School.

    He was among the finest of men. He was exceptionally brilliant, statesmanly, diligent, and had unimpeachable integrity.

    Dr Kolade was not only a boardroom icon, serving as one-time chief executive and chairman of Cadbury Nigeria Plc, but he was also a patriot and an uncompromising advocate of transparency and accountability in governance.

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    I recall his many humanitarian interventions through the Christopher Kolade Foundation, especially his support for sickle cell patients, a cause to which he donated a chunk of his earnings.

    Dr Kolade’s passing is agonising, yet we must celebrate his life and legacy. He lived an exemplary life and immortalised himself in his uncommon service to our nation and humanity.

    He will remain an inspiration for us and for many generations. He was a representation of the true Nigerian, selfless and resilient. May God Almighty, whom he served so faithfully, grant him eternal rest.

    *Bola Ahmed Tinubu, GCFR
    President & Commander-in-Chief,
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    October 9, 2025

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    I received with profound sadness the news of the passing of the inimitable Dr Christopher Kolade, a broadcaster and boardroom guru who is one of Nigeria’s intellectual treasures. Dr Kolade,

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