Ellah Lakes Plc, a Lagos-listed agricultural development company, has issued a strongly worded public disclaimer to financial institutions, investors, and contractors regarding an escalating legal dispute over its primary asset in Edo State.
The corporate alert, signed by Managing Director and Chief Executive Officer Chuka Mordi, asserts that Ellah Lakes remains the exclusive lawful holder and occupier of 2,383.57 hectares of land located in Iguelaba, Edo State. The company holds the title via a valid Certificate of Occupancy issued by the Edo State Government.
The public notification marks a sharp escalation in a multi-party property dispute, with the agribusiness moving aggressively to freeze out rival developers from the local credit and real estate markets.
Corporate Litigation and Asset Protection
According to the regulatory disclaimer, Ellah Lakes has initiated comprehensive civil and criminal legal proceedings against Median Agro Investment Limited and an individual, Mr. Olumide Kayode Akinsanya.
The lawsuits encompass severe allegations, including:
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Property Trespass and Encroachment
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Assault and False Imprisonment
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Substantial Financial Damages
The company explicitly warned that it will refuse to recognize any transaction, lease, financing agreement, or construction project undertaken on the property by Median Agro, Mr. Akinsanya, or their affiliates.
Market and Financial Implications
Land title disputes represent a major operational risk for commercial agribusinesses operating in Nigeria, where securing vast tracts of contiguous arable land is essential for scale.
By publishing this public caveat, Ellah Lakes is effectively cutting off its opponents’ access to project finance and third-party contractors, as local banks routinely freeze lines of credit to assets tangled in active, high-profile litigation.
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