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Man Loses Home Worth N20m Over N300,000 Debt - Properties - Nairaland

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Man Loses Home Worth N20m Over N300,000 Debt by Islie: 10:51am On Jan 08
Kano State governor, Abba Kabir Yusuf, has been urged to intervene in a case of alleged injustice, where Malam Surajo Yarima’s house, valued at about N20 million, was allegedly sold by a court for a mere N2 million.

Yarima alleged in an interview with Hikima Radio/TV yesterday monitored by LEADERSHIP in Kano that the house was auctioned by a court to offset the debt of N300,000 he failed to repay to someone who sued him.

According to him, he failed to appear in the court during sittings despite several summon notices pasted on his house gate ‘because he travelled out of the state’, but the court sold his house at the sum and threw him, his wife and nine children out.

He added that he has now brought the N300,000 debt, but the creditor rejected it. The court said he had a chance to appeal against the judgement within three weeks of its verdict.

“The house was auctioned on 4th January and I brought the N300,000 on 6th January, but my creditor refused to accept it. I am now sleeping outside with my family,” he stated.

https://leadership.ng/kano-man-loses-home-worth-n20m-over-n300000-debt/#google_vignette

3 Likes 2 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by Iehi: 10:53am On Jan 08
Life sha.

imagine going from a home owner to a homeless person

8 Likes

Re: Man Loses Home Worth N20m Over N300,000 Debt by Peakdesign23(f): 10:58am On Jan 08
Life has happened to him. Chai. cry
Re: Man Loses Home Worth N20m Over N300,000 Debt by Lonestar124: 11:10am On Jan 08
The case can be reviewed through litigation, involved a good lawyer!!!

43 Likes 2 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by thorpido(m): 11:20am On Jan 08
Him dey play with court before.When dem come give judgement,N300000 surface.

Court na ya mate?

102 Likes 12 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by Myrepublic(m): 11:48am On Jan 08
thorpido:
Him dey play with court before.When dem come give judgement,N300000 surface.

Court na ya mate?
Court this or that only works on non politicians and elites . Same with the laws

42 Likes 3 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by RealLordZeus(m): 11:48am On Jan 08
thorpido:
Him dey play with court before.When dem come give judgement,N300000 surface.

Court na ya mate?
I wonder oo
Before the auction is carried out.. the case would have drag on for years...
Yet he no pay..

45 Likes 5 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by GreyWolf01: 11:48am On Jan 08
ALWAYS PAY YOUR DEBTS!



Don't expect pity when you do the wrong thing.


You weren't dodging when you were looking to boŕrow money.

That said- Banks and courts are organisations fuelled by profit (not empathy or justice) so... they don't care if your property is 1 billion , so far they get a willing buyer or crony that will purchase it above the amount owed, they will move.


ALWAYS PAY YOUR DEBTS.

16 Likes 2 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by Iweakbro: 11:48am On Jan 08
Use Sharia law lol.

4 Likes

Re: Man Loses Home Worth N20m Over N300,000 Debt by Actuarydeji(m): 11:48am On Jan 08
Some news from other side of the country usually sound incredible and obnoxious to me.

7 Likes 1 Share

Re: Man Loses Home Worth N20m Over N300,000 Debt by stjudas(m): 11:49am On Jan 08
In 2-3days, he got to know about the summon and also raised the money?

17 Likes 1 Share

Re: Man Loses Home Worth N20m Over N300,000 Debt by AntiChristian: 11:49am On Jan 08
lipsrsealed

This injustice should be easily reversed!

Na so i no like all this agbelero laws!
Re: Man Loses Home Worth N20m Over N300,000 Debt by Philip4564(m): 11:49am On Jan 08
His non challant attitude cost him this.

26 Likes 3 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by TOPCRUISE(m): 11:49am On Jan 08
Where is the injustice in that.
Pay what you borrow you no pay. Come to court you no come. They spend money paste court summon notices several times on your house gate for you to appear in every sitting, but you reply that you have travelled.
Yet when they auction your house of N20m to N2m, the money surface quickly.
It’s good that the creditor rejected the N300k.
Infact the creditor should have replied he has travelled too when he want to return the money borrowed.

This are one of the reasons why some people borrow from loan sharks because they know they won’t be dragged to court if they refuse to pay back and their loss will be minimal.
I just feel for his 9 children

20 Likes 4 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by haybhi1(m): 11:50am On Jan 08
Is that even justice in the realest sense of things? No, let's be realistic and reasonable, the fact a group of people sat down to write a law that could be interpreted to pass this kinda judgment doesn't mean it's justice. It would be justice if this victim was there when they were making this kinda law with knowledge he'd be affected like this and he agreed to it.


Meanwhile, this new year if you care to make some dollar cash as a side hustle. Check my siggy, profile, and learn about ST, Cbex. It's about the only thing I can guarantee helps people get daily 10k+ lately
DarkJeddi:
So owing and refusing to pay is good law?

Despite several surmons,he conveniently traveled..

Now his house has been auctioned he's back from his incessant travel?

Pray,tell..

What would you have had the creditor do?
But that punishment is the best to you, right?
Re: Man Loses Home Worth N20m Over N300,000 Debt by abobote: 11:50am On Jan 08
He will get it back through appeal
Re: Man Loses Home Worth N20m Over N300,000 Debt by Testimony1988(m): 11:50am On Jan 08
He should have brought the money before now, why was he waiting till he was taken to court?

6 Likes 1 Share

Re: Man Loses Home Worth N20m Over N300,000 Debt by Ringstonermasks: 11:51am On Jan 08
eyah
Re: Man Loses Home Worth N20m Over N300,000 Debt by Nwaikpe: 11:51am On Jan 08
AntiChristian:
lipsrsealed

This injustice should be easily reversed!

Na so i no like all this agbelero laws!

If only your type would read and make out your own views from issues, mallams and imams wouldn't have been confusing you to bomb yourself in the name of 72 virgins.

You refuse to read and discover that the court posted a summon not once, or twice, but a number of times and he refused to appear in court with the excuse that "he travelled outside the state."

You refuse common sense just for emotional instability. The versy same way you go about the Israeli gaza issue. na one imam go just tell you: Na dis one you go hate. Piaaam! you don start to dey hate am.

10 Likes 4 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by ogododo: 11:52am On Jan 08
Nawa oo. Dis life no balance. Why no rent rooms to pay debt for one year.

1 Like 1 Share

Re: Man Loses Home Worth N20m Over N300,000 Debt by Tegabadguy(m): 11:52am On Jan 08
this is not good
Re: Man Loses Home Worth N20m Over N300,000 Debt by ElevationD: 11:52am On Jan 08
Sounds like a case of too little too late.

He probably did not get the summons and the court entered judgement against him.
Again probably he got the summon and treated it with levity.

4 Likes 1 Share

Re: Man Loses Home Worth N20m Over N300,000 Debt by GloriousGbola: 11:53am On Jan 08
According to him, he failed to appear in the court during sittings despite several summon notices pasted on his house gate ‘because he travelled out of the state’, but the court sold his house at the sum and threw him, his wife and nine children out.

He added that he has now brought the N300,000 debt, but the creditor rejected it. The court said he had a chance to appeal against the judgement within three weeks of its verdict.

1 Like 2 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by MasterJayJay: 11:53am On Jan 08
Judicial bandits. The judge and his accomplices bought the house at a ridiculous price.

3 Likes 1 Share

Re: Man Loses Home Worth N20m Over N300,000 Debt by Sonnobax15(m): 11:53am On Jan 08
lipsrsealed
Serves the werey better...


So he had the 300k all those while but refused to pay up his debt,to the extent of skipping court invitations?

Well,I hope myself and my fellow debtors are learning angry

12 Likes 2 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by Godswillu(m): 11:53am On Jan 08
thorpido:
Him dey play with court before.When dem come give judgement,N300000 surface.

Court na ya mate?

He was out of the country.and the creditors know about it.
this is what I call using the law as a weapon not a guide.
the creditors was interested in the house.

4 Likes

Re: Man Loses Home Worth N20m Over N300,000 Debt by Wealthoptulent(m): 11:54am On Jan 08
Islie:


https://leadership.ng/kano-man-loses-home-worth-n20m-over-n300000-debt/#google_vignette
Lolz e poss,
Re: Man Loses Home Worth N20m Over N300,000 Debt by plumcomm: 11:54am On Jan 08
The house was sold on the 4th and you brought the 300k on the 6th,so since all the time they have been asking you to pay up till you get to court you couldn't get the money but after the house was auctioned you got it.only debtors will sympathise with this man
Godswillu:


He was out of the country.and the creditors know about it.
this is what I call using the law as a weapon not a guide.
the creditors was interested in the house.
he was out of the country but his wife and children were there and they have not informed him about court notices?.we Nigerians can support rubbish,so when the house was auctioned he reappeared in the country...don't say this kind of nonsense again abeg

14 Likes 3 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by Godswillu(m): 11:55am On Jan 08
This is what I call using the law as a weapon rather than a guide.

The court is supposed to protect the oppressed but in Nigeria the opposite is the case.
For examples some one was sentence to death for stealing chicken and another is moving around freely for stealing billion.

infact if anybody quotes me and say something that is not nice and I discovered I am richer than you. I will send the police after you. but if you are richer than me then I will let it slide.

3 Likes 2 Shares

Re: Man Loses Home Worth N20m Over N300,000 Debt by shortgun(m): 11:58am On Jan 08
He's like every Nigerian they hardly pay debts
Re: Man Loses Home Worth N20m Over N300,000 Debt by armadeo(m): 12:00pm On Jan 08
Clown. We d em thrower am commot e see the money pay.

Wicked man.
Re: Man Loses Home Worth N20m Over N300,000 Debt by Colson(m): 12:01pm On Jan 08
If the squid games were real, he'd probably have ventured into it.

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