DEED OF ASSIGNMENT

BETWEEN

MR. SHEDRACK OKOJIE

(ASSIGNOR)
AND

AMINU OPEYEMI BUSHRAN

(ASSIGNEE)

++++++++++++++++++++++++++++++++++++++++++++++++++
IN RESPECT OF ALL THAT 1 (ONE)UNIT OF THREE (3) BEDROOM APARTMENT KNOWN
AS FLAT 402, BEING A PORTION OF THE PROPERTY MEASURING APPROXIMATELY 200
SQM. SITUATE AND LYING AT BLOCK 4, PLOT 8, ELEGUSHI PROPERTY INVESTMENT
CO. LIMITED LEKKI PENINSULA SCHEME, TPAO992, IKATE ANCIENT CITY, ALONG
PRINCE OLUSEJE ABAYOMI STREET, IKATE, ETI-OSA LOCAL GOVERNMENT AREA,
LAGOS STATE.
++++++++++++++++++++++++++++++++++++++++++++++++++

Prepared by:
OLUWASEUN BANKOLE ESQ
Sleek Attorneys & Solicitors
09038214410
Sleekattorneys@yahoo.com
 DEED OF ASSIGNMENT
THIS DEED OF ASSIGNMENT is made this ................ day of ..........................,
20……

BETWEEN

MR. SHEDRACK OKOJIE of 1901, Colonial Drive, San Angelo, Texas, (hereinafter
referred to as “THE ASSIGNOR” which expression shall wherever the context so
admits include his heirs, personal representatives and assigns) of the first part:

AND

AMINU OPEYEMI BUSHRAN of 10, Oloko Unity Street, Sango-otta, Ogun state
(hereinafter referred to as “THE ASSIGNEE” which expression shall wherever the
context so admits include his successor-in-title and assigns) of the second part.

WHEREAS:

1. By virtue of a Certificate of Occupancy dated 19 th September, 1990 and registered

as Number 60, page 60, Volume 1990AK at Lagos State Lands Registry, Alausa,
Ikeja, Lagos, the Governor of Lagos State assigned unto Elegushi Property
Investment Company Limited, all that vast land measuring approximately 24.531
hectares lying and situate at Lekki Peninsula Scheme III, Eti-Osa Local
Government area of Lagos state.

2. By virtue of a Deed of Assignment dated 25th July, 2017 and registered as Number
63 at page 63 in Volume 2727 at Lagos state Lands Registry, Alausa Ikeja, Lagos,
the Elegushi Property Investment Company Limited assigned unto Maureen
Ebigbeyi and Eyituoyo Ebigbeyi (Jnr.), a portion of vast land measuring
approximately 800.019 square meters being, lying and situate at Block 4, Plot 8,
Elegushi Property Investment Co. Limited, Lekki Peninsula Scheme TPAO 992,
Ikate, Eti-Osa Local Government Area, more particularly described and delineated
 in survey plan no. KCO/902/0394(8)/2017/LA prepared by one KC Oshin, a
registered surveyor, dated 28th March, 2017 (hereinafter referred to as the
Property).

3. By virtue of a Deed of Assignment dated ___ of _________, 2022 and registered

as Number ____, at Page ______ in Volume _______ at the Lagos state Lands
Registry, Alausa Ikeja, Lagos, Maureen Ebigbeyi and Eyituoyo Ebigbeyi assigned
their absolute interest in the property unto Finovo Investment Limited, more
particularly described and delineated in survey plan no. KCO/902/039 4(8)/2022/LA
prepared by one KC Oshin, a registered surveyor, dated 9th February, 2022.

4. That Finovo Investment Company developed the property into 14 (Fourteen) Units
Apartments comprising of 2 (Two) units of Three-bedroom Pent-House
Apartment, and 12 (Twelve) Units of Two-Bedroom Apartments.

5. By virtue of a Deed of Assignment dated ___ of _________, 2023 and registered

as Number ____, at Page ______ in Volume _______ at the Lagos state Lands
Registry, Alausa Ikeja, Lagos, Finovo Investment Limited assigned unto the
Assignor, 1 (one) unit of three (3) bedroom apartment known as flat 402, being a
portion of the property measuring approximately 200 sqm. situate and lying at
Block 4, Plot 8, Elegushi Property Investment Co. Limited Lekki Peninsula
Scheme, TPAO 992, Ikate ancient city, along Prince Oluseje Abayomi Street,
Ikate, Eti-Osa Local Government Area, Lagos state.

6. The Assignor herein is the beneficial owner of the of property properly described
in the schedule hereunder.

7. The Assignor upon purchase of the land has exhibited all ownership and
possessory rights over the land without inhibition or restraint from any person.
The Assignee has now approached the Assignor for the purchase of the entire 1
(one) unit of three (3) bedroom apartment known as flat 402, being a portion of the
property measuring approximately 200 sqm. situate and lying at Block 4, Plot 8,
Elegushi Property Investment Co. Limited Lekki Peninsula Scheme, TPAO 992,
Ikate ancient city, along Prince Oluseje Abayomi Street, Ikate, Eti-Osa Local
Government Area, Lagos state for an agreed fee.

8. The Assignor has agreed TO ASSIGN to the Assignee all his rights and interests
in, over, the entire unit of property and the appurtenances described hereunder
subject to the condition herein stated.

CONSIDERATION
NOW THIS DEED WITNESSES that in pursuance of the said Agreement and in
consideration of the sum of =N=150,000,000 (One Hundred and Fifty Million Naira)
paid by the Assignee to the Assignor (the receipt whereof the Assignor hereby
acknowledges), the Assignor as BENEFICIAL OWNER hereby ASSIGNS unto the
Assignee ALL THAT 1 (one) unit of three (3) bedroom apartment known as flat 402,
being a portion of the property measuring approximately 200 sqm. situate and lying at
Block 4, Plot 8, Elegushi Property Investment Co. Limited Lekki Peninsula Scheme,
TPAO 992, Ikate ancient city, along Prince Oluseje Abayomi Street, Ikate, Eti-Osa Local
Government Area, Lagos state with its dimensions and abuttals more particularly shown
and delineated and forming part of the expanse of land on Survey Plan No.
______________ dated _____________________ prepared by licensed surveyor
______________________ TO HOLD the same UNTO THE USE of the Assignee
ALL HIS RIGHTS AND INTERESTS in the said units of property.

THE ASSIGNOR HEREBY COVENANTS WITH THE ASSIGNEE THAT:

A. The assignor is the beneficial owner of the property

B. The assignor has the full powers and rights to assign the piece of land hereby
assigned.

C. The Assignees shall enjoy free and quiet possession of the piece of land without let or
hindrance and free from any interruptions, disturbances or encumbrances from the
Assignor or his agents, successors, personal representatives or other members of the
Assignor family.

D. The Assignees shall be indemnified against all adverse claims, actions, demands,
losses, interruptions, expenses or costs incurred as a result of defects in the title of the
Assignors to the piece of land.

E. The Assignor shall whenever called upon, execute all such further documents in
favour of the Assignee as the Assignee may in future require for the better and more
proper transfer to the Assignee of the Assignor’s title on the piece of land.

THE ASSIGNEE HEREBY COVENANT WITH THE ASSIGNOR THAT:

A. To, subsequent to the execution of this agreement pay at all times the relevant
statutory and administrative rent, rates and charges levied by any competent
authority on the assigned Property promptly.
 B. To bear any costs incidental to obtaining the consent of the Governor over this
Deed as well as the stamping and registration of this Deed; including but not
limited to stamp duty, registration fees, consent fees and all taxes in respect
thereof.

C. To comply with all regulations made from time to time for the smooth and
efficient management and administration of the Estate or any part thereof.

FURTHER COVENANTS AND ESTATE REGULATION

A. The Assignee hereby agree that the terms and covenants set out in the
Estate Regulation as amended from time to time; shall form part of this
Deed and shall run with the title hereto transferred; provided that such
terms/covenants shall be reasonably in accordance with the prevalent
practice/norms governing Estate Management and owners of
apartments/residents. The Parties further agree that the said Estate
Residents Regulations shall form part of any assignment to subsequent
Assignees of the Demised Premises forming the subject matter of this
Assignment.

B. The Assignee hereby undertakes to further comply with the Estate

Regulations and to comply with all the rules and regulations operative
within the Estate for the management of same. The Assignee and Assignor
shall also take steps to ensure that all occupants of the Demised Premises
are bound by the terms contained in the Regulations by ensuring that the
said terms are incorporated in any tenancy agreement(s) between the
Assignees and such sub- sequent occupants.

C. The Assignee agrees that the provisions of the Estate Regulation shall bind
the Assignee in dealings with third parties, buyers or tenants.

D. SEVERABILITY
Notwithstanding that the whole or any part of this Deed of Assignment may
prove to be illegal or unenforceable, the other provisions of this Deed and
the remainder (if any) of the provision in question shall continue in full
force and effect. In relation to any illegal or unenforceable part of this
Agreement, the parties hereto agree to amend such part in such manner as
may be requested from time to time by any of the Parties hereto, provided
 that such proposed amendment is legal and enforceable and to the
maximum extent possible, carries out the original intent of the Parties in
relation to that part.

E. DISPUTE RESOLUTION
The Laws of the Federal Republic of Nigeria shall govern this Agreement.
If any dispute arises as to the validity, interpretation, effect or rights and
obligations of the Parties, the Parties, shall use their best endeavours to
reach an amicable settlement of the dispute, failing which they shall resort
to arbitration to be conducted by the Multi-Door Court House of the High
Court of Lagos State; provided this clause shall not be applicable to the
rights of the assignees to be indemnified.

F. LITIGATION
In the exercise of rights of any person or enforcement of any covenants
herein held, nothing in this Agreement shall restrain either party by himself
or through their agents, privies and or assigns, from resorting to litigation
wher3 arbitration before the Multi-Door Court House of the High Court of
Lagos State, and the Laws of the Federal Republic of Nigeria shall govern
such action.

G. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the par- ties
hereto with respect to the subject matter contained in this Agreement and
supersedes all prior agreements, understandings and negotiations between
the parties.

H. REPRESENTATIONS AND WARRANTIES

Each Party hereby warrants and represents as applicable that:

i. It is of good standing under the applicable laws of the Federal Republic

of Nigeria;

ii. It has the full right, power, and authority to enter into this Agreement
and will at all times have the full power and authority to perform their
obligations under this Agreement;

iii. It is not and will not at any time be a party to any contract or other
arrangement of any nature that will materially interfere with its full, due
and complete performance of this Agreement.

I. WAIVER
 Failure or neglect by any party to enforce at any time any of the provisions
hereof shall not be construed nor shall it be deemed to be a waiver of that
Party’s rights hereunder nor in anyway affect the validity of the whole or
any part of this Agreement nor prejudice the Party’s right to take
subsequent action.

SCHEDULE
ALL THAT unit of three (3) bedroom apartment known as flat 402, being a
portion of the property measuring approximately 200 sqm. situate and lying at
Block 4, Plot 8, Elegushi Property Investment Co. Limited Lekki Peninsula
Scheme, TPAO 992, Ikate ancient city, along Prince Oluseje Abayomi Street,
Ikate, Eti-Osa Local Government Area, Lagos state with its dimensions and
abuttals more particularly shown and delineated and forming part of the expanse of
land on Survey Plan No. ______________ prepared by
_________________________, a licensed Surveyor of which said plan is
dated______________________ and annexed to this Deed of assignment.

IN WITNESS WHEREOF the Assignors and the Assignee hereto have hereunder set
their hands and seals the day and year first above written.

SIGNED, SEALED AND DELIVERED

By the within-named ASSIGNOR:

MR. SHEDRACK OKOJIE ______________________

In the presence of:

NAME: ………………………………………………………………………

ADDRESS: ………………………………………………………………….

OCCUPATION: …………………………………………………………….

SIGNATURE: ……………………………………………………………….

SIGNED, SEALED AND DELIVERED

By the within-named ASSIGNEE:
AMINU OPEYEMI BUSHRAN _____________________

In the presence of:

NAME: ………………………………………………………………………….

ADDRESS: ………………………………………………………………………

OCCUPATION: …………………………………………………………………

SIGNATURE: ……………………………………………………………………

I HEREBY CONSENT TO THE TRANSACTION HEREIN CONTAINED

HONOURABLE ATTORNEY GENERAL AND COMMISSIONER FOR JUSTICE,

FOR
THE EXECUTIVE GOVERNOR OF LAGOS STATE NIGERIA.
DATED THIS…………. OF …………………….20………….