The Benue Investment and Property Company Limited(BIPC), on Wednesday, commenced revocation of North Bank, Nyiman and HUDCO Estates in Makurdi Local Government Area of the State.
The Managing Director of BIPC, Dr. Raymond Asemakaha, said the exercise is part of the company’s ongoing efforts to enforce the terms of agreement between customers and the company.
He maintained that the decision to revoke the provisional sub-lease offer is as a result of the violation of specific clauses within the lease agreement.
Asemakaha in a statement in Makurdi, said the clauses were pertained to default in payment as well as restrictions on transfer, assignment, disposal, and property improvements during the subsistence of the transaction.
“It is important to note that failure to adhere to the terms outlined in the agreement has triggered this action.
“The affected properties are subject to recovery within 14 days from the date of the notice, a correspondence titled, ‘Revocation of Provisional Sub-Lease Offer’ signed by Ahmed Anuga Adeja Esq, Acting Company Secretary conveying the revocation added.
“It is imperative that customers served the notice or yet to be served review the terms of their agreements and take appropriate action to remedy any outstanding issues to avoid further consequences.
“We remain committed to upholding the terms of our agreements with our clients and ensuring fairness for all parties involved”, he stated.
