AN audacious bid by Indian oil trader Ramesh Kasangra to acquire a prime Lekki property has ignited a major legal battle, with a Lagos High Court issuing restraining orders to protect the status quo.
Mr. Kasangra, the controller of 11Plc, is alleged to be at the centre of a scheme to hijack a land deal already sealed with Bravematt Properties and Investment.
Sources revealed to our reporter that Kasangra, accompanied by thugs and MOPOL officers, had been intimidating parties to the deal.
He is said to be pushing Kabiru Ayinde, an alleged known figure at the EFCC, to sell the land to him by offering to double the price if Bravematt is refunded.
The property in question is located at the Maiyegun Tourism Zone, Ibeju-Lekki, and has been the subject of a previous court case where Bravematt accused Four H Limited and IGI of fraud.
This led to the arrest of Mr. Ayinde and his associate, Akinlolu, by the EFCC. They reportedly escaped prosecution after a plea to Bravematt, amid revelations that Ayinde, through Coopvest Nigeria Limited, had defrauded one Chief Uduboh of over N6 billion on the same land.
Meanwhile, a Lagos High Court in Igbosere had earlier stepped in, issuing pre-emptive orders to protect the property.
Justice R.O. Olukolu laye 2025 had restrained IGI and Four H Nigeria Limited from transferring the land, following an application by Bravematt, which claims to have already paid N21.5 billion for the 13.067-hectare property.
As of the time of filing the report, neither Ramesh Kasangra, nor Kabiru Ayinde has responded to the allegations.
Stonix News will keep you updated on the development.
