By Luminous Jannamike

ABUJA – A businessman and President of the Offa Descendant Union (ODU), Alhaji Azeez Salako Olaniyi-Muideen has filed a lawsuit against Edusoko University, Bida, and its governing council for breach of contract regarding a property sale.

The property, located along Ndayako Road, BTC Eyagi Bypass in Bida, currently serves as the Edusoko University Bida City Campus and has seen its value increase from an initial N550 million in 2020 to an estimated N1 billion.

The lawsuit, registered under case number NSHC/BD/21/2024 at the Bida Judicial Division of the High Court of Justice in Niger State, demands that the university pay the current market value of the property.

In his statement of claims, Alhaji Muideen explained that he had accommodated the university’s request for early access to the property ahead of a regulatory inspection, signing a Memorandum of Understanding (MoU) and granting Power of Attorney to facilitate this arrangement. However, he asserts that the university has continuously neglected its obligations since taking possession of the property.

He said, “I, Alhaji Azeez Salako Olaniyi Muideen, businessman and President of the Offa Descendant Union, have filed a lawsuit against Edusoko University, Bida, and its governing council for breach of contract over the sale of prime property.

“I initially valued the property at N550 million in 2020, but it is now worth N1 billion.

“According to the suit, which I filed under case number NSHC/BD/21/2024 at the Bida Judicial Division of the High Court of Justice in Niger State, I am demanding that the university pay N1 billion, the current value of the property.

“I initially agreed to sell the property to UNI-Edosoko Limited for N620 million and later accepted a negotiated price of N550 million in 2020.

“The initial agreement for the sale of the property for N550 million is no longer valid due to inflation, which has significantly increased the property’s value since the agreement was reached.

“Despite occupying the property and using it for educational purposes, Edusoko University has reportedly failed to pay any portion of the initial agreed sum.

“The university and its governing council have continually failed to meet their obligations since occupying the property.

“The delay in payment for the property has significantly reduced the value of the initial agreement, and the money could no longer serve my business needs.

“The property’s value has now risen to N1 billion, as reflected in its Certificate of Occupancy (NG/BD/2017).

“Despite repeated demands, including a formal letter I sent in June 2022, the university’s management has failed to pay any portion of the agreed sum.”