A Lagos family, popularly known as Bolade, has tackled Wema Bank Plc over the continued use of its building premises known as Bolade House, located in Oshodi Expressway, Oshodi/Isolo Local Government Area of the state, following a breakdown of agreement.

PUNCH Metro gathered that despite the family ejection order served on the bank, the management of the financial institution was said to have refused to vacate the premises


According to a document provided to our correspondent, the family leased the property to Wema Bank in 1995 for 25 years, which expired on April 30, 2020.


When the lease expired, the bank was said to have pleaded for time to relocate, causing the bank a three-year tenancy, which was said to have run from May 1, 2020, and expired on April 30, 2023, at a rate of N6m per annum.

However, when this expired, the family’s lawyer and the bank re-entered another round of negotiation, leading to a five-year tenancy rent of N8m per annum, which was later rejected by the family, who believed the property was worth more than the money the bank intended to pay.

Speaking, the head of the family, Madam Helen Kupoluyi, said they could not accept the offer because the apartment was valued at over N50m by a property valuer the family employed.

Kupoluyi said, “When the bank leased out the middle floor and was collecting rent on it without our consent, we never complained. We told them to employ their valuation of the building to get an appropriate rent for the building, but they refused. We charged them in court, but they refused to show up. We want them out of our building premises.”

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https://newsextra.com.ng/2023/09/27/moruf-osenis-wema-bank-lagos-family-fight-dirty-over-property/