A document has surfaced showing that real estate investor, Mr. Adrian Ogun, resigned from the board of Jonah Capital Nigeria Limited (JCNL) and Houses for Africa Nigeria Limited (HFAN) in July 2017.
The letter, dated July 1, 2017, and addressed to Mr. Kojo Ansah, Chief Executive Officer of Jonah Capital Nigeria Limited and Houses for Africa Nigeria Limited, confirmed Ogun’s immediate withdrawal from the companies following disputes over unsettled debts and unpaid development control fees relating to land in Kaba, Abuja.
In the letter, Ogun urged Jonah Capital to settle outstanding bills owed to the Federal Capital Territory (FCT) and to Common Consultants Limited, totaling over N102 million at the time. He also enclosed pre-signed forms to complete his resignation from the boards. The correspondence was copied to Mr. Paul Odili of Paulo Homes Limited.
The development comes amid Ogun’s recent claims that he founded Jonah Capital Nigeria Limited and his rebuttal of comments by FCT Minister Nyesom Wike, who said the disputed River Park Estate belonged to Ghanaian businessman Sam Jonah of Jonah Capital. Ogun alleged that the ownership tussle stemmed from shareholding adjustments in 2024, which he argued were unfavorable to Nigerian investors.
The ownership of River Park Estate is currently being reviewed by the Attorney-General of the Federation, Lateef Fagbemi, and an FCT Ministerial Committee, with the matter also before the courts for resolution.