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BIPC Begins Revocation Of Estates Over Default In Payment

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From George Martins, Makurdi

As part of our ongoing efforts to enforce the terms of our agreement with customers, Benue Investment and Property Company Limited (BIPC) has commenced revocation of North Bank, Nyiman and HUDCO Estates in Makurdi, the state capital.

The decision to revoke the provisional sub-lease offer, it was gathered, is as a result of the violation of specific clauses within the lease agreement.

“These clauses pertain to default in payment as well as restrictions on transfer, assignment, disposal, and property improvements during the subsistence of the transaction”.

The affected properties are subject to recovery within 14 days from the date of the notice, a correspondence in a statement signed by Ahmed Anuga Adeja Esq, Acting Company Secretary conveying the revocation added.

“It is imperative that customers serve 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”.

The statement said, BIPC remains committed to upholding the terms of its agreements with their clients and ensuring fairness for all parties involved.t



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