He agreed to give me a loan of N30million at an interest of
30%. I told him I would secure the loan with my property. He
told me to bring my title documents of the property. I took the
title documents to him. When I handed over the documents to
him he said he would conduct a search on the property. He
did a search and showed me the search report. This was
after about a month. He told me he was satisfied with the
search and that I should come back the following day because
he was travelling to Calabar. He gave me the money on the
following day.
I do not know any company called Mutual Alliance Property
Development Co. Ltd. The property I used to secure the loan
is Plot 10 Block 6. I had no Sales Agreement with anybody
over Plot 10 Block 6. What I was given is a loan.”
In answer to questions put to her under cross examination, she
stated as follows:
“I am a business woman. I have been in business since 1998.
I am into supplies of petroleum products and I also do civil
engineering work. I can see Exhibit 8 now shown to me. It is
my statement of account. I agree I entered into the transaction
with Okon Amasi in the year 2012. It is not true that before I
gave the property Plot 10, Block 6 as security of the loan I
had used the property in a transaction with Dyna Ladejj. I do
not know Dyna Ladejj.
It is also not true that I had sold the same property to Lead
British School. I have no relationship with Lead British School
over the property and I had no transaction with the school. I
can see Exhibit 7A now shown to me. It is my statement. It
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