Defendant responded that money was not a problem as
he was willing to fund it and as developer and a builder
he knew how to manage the little funds he had to
handle the project. He said after persuasion from the 1st
Defendant, he gave a copy of the certificate of
occupancy to the 1st Defendant to enable him conduct a
search to confirm the genuineness of the plot of land
and even introduced him to his own lawyer to assist him
with the search. He said that he informed the 1st
Defendant that the plot of land belongs to his wife
PW3. He said the 1st Defendant wanted them to enter
into a joint development agreement where 1st Defendant
will provide the fund for development of the land and
PW6 will use the plot of land as his equity contribution.
After the completion of the project, the houses were to
be sold and more profit would then be made and shared.
He said he and the 1st Defendant had several meetings
on the matter and 1st Defendant kept assuring him that
he is able to handle financing the project, that 1st
Defendant in trying to convince him told him he had
FEDERAL REPUBLIC OF NIGERIA AND KAYODE GABRIEL ADENIJI & 2ORS
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