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CaseLaw
The appellant company is an estate developer. The 1st and 2nd respondents are Federal Government parastatals. The appellant has as its chairman P.W. 1, Chief Christian Chukwuma Onoh. He had also in the past been the chairman of the 2nd respondent. The 1st respondent was assisted by the P.W. 1 in the negotiations to acquire a suitable site to erect its Earth Satellite Station in Enugu now named I.B.B. Third Gateway. In accordance with the agreement reached with the 2nd respondent, the owner of the site, the 1st respondent paid a premium of N220,000.00 in April, 1983 for the site and was thereafter to pay an annual rent of N100.00. The site in question and was known as No. 13 Colliery Avenue, Enugu. The 1st respondent has since erected its satellite station which has been in operation. Somehow, as will be clear later, the appellant, through active voice and involvement of P.W.1, claimed to have become the owner of the site in reliance on a deed of assignment which will be more particularly referred to and considered in the course of this judgment. Eventually, sometime in February, 1993, P.W. 1 commissioned Estate Surveyors and Valuers known as Chinwuba, Odumodu & Co. 8 Chime Avenue, New Haven, Enugu to carry out a valuation of the site. This was with a view to determining the money worth of the site in order to make a claim against the 1st respondent.
At the time of acquisition of the site by the 1st respondent, there were existing buildings of the 2nd respondent thereon. This fact is supported by a body of documentary and oral evidence. It is sufficient for the present purpose to start by referring to part of the evidence given by p.w.4, Alpha Ifeanacho Odumodu, an estate surveyor/valuer called as a witness by the appellant and to extracts from the document prepared by him, exhibit V. The said oral evidence and the document speak volumes. The witness said: