Lawyer questions legal transfer of Ochacho’s ₦400m mansion to Peller
A lawyer raises concerns about the legal transfer of Ochacho’s N400m Abuja mansion to TikTok star Peller, citing issues with Power of Attorney and allocati Read More: https://punchng.com/lawyer-questions-legal-transfer-of-ochachos-%e2%82%a6400m-mansion-to-peller/
Lawyer Bolaji Oluwatosin has questioned the legal transfer of a ₦400 million Abuja mansion gifted from real estate entrepreneur King Ochacho to TikTok star Peller and his wife, Jarvis. Oluwatosin, a dispute resolution and corporate commercial lawyer, said the keys, Power of Attorney, and allocation papers presented to Peller do not constitute a perfected legal transfer.
He explained that a Power of Attorney grants authority to act on behalf of another, but does not establish a proprietary interest. Similarly, allocation papers provide evidence of a property's history, but do not prove a transfer of interest. Oluwatosin highlighted the peculiar status of land in the Federal Capital Territory (FCT), citing relevant constitutional provisions and court decisions.
He emphasized that a valid gift of land requires a duly executed instrument that legally transfers the donor's interest. Oluwatosin cautioned against applying general principles mechanically to every FCT transaction without identifying the precise source of the donor's interest.
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