A leading real estate firm in Nigeria, Adron Home, owned by Aare Adetola Emmanuel King, has been accused of fraudulent activities in allocating land to its clients after payment. The company was accused of not delivering on its promises by using deceptive marketing tactics to lure customers into purchasing properties and promising unrealistic returns on investment.
THE WILL gathered that the company allocated some plot of land in Shimawa, near the Redeemed Christian Church of God. However, years after completing payment, Adron Homes reallocated the parcels of land different from what was promised to their customers. The reallocated land was in an entirely different area, a proper tropical rainforest. The act was labelled as a breach of agreement by some of the company’s clients.
Clients who rejected the reallocated land were charged a huge percentage of money as default fee and the company told them to return of the bags of rice and kegs of vegetable oil that they were given when they bought the parcels of land.
It was alleged that the company charged large sums of money as development fee before clients could develop their land. A client who bought a half-plot of land was charged N1.5 million development fee.
The company was also accused of often telling their customers to use a particular engineering firm for the construction of their buildings. Any engineer who does not fit into its requirements, it was learnt, is usually rejected and the clients are prevented from building, even after paying all fees required by the company.
Adron Home was also accused of delaying allocation of land to clients who have paid to the company.
Reacting to the allegations, Adron Home tried to set the record straight, while appealing to aggrieved parties to explore the contractual options available to resolve whatever conflict they have with the company instead of tarnishing its image. The company made it known that several clients have built their houses successfully on their allocated land. It said that as soon as all requirements, as laid down by the company, are met, land is usually allocated to clients.
Reacting to the allegation that it forced its clients to hire the services of selected building engineers, Adron Home made it known that once a client’s engineers are certified by the Council for the Regulation of Engineering in Nigeria and Council of Registered Builders in Nigeria are certified, they would be allowed to commence work on their land. The company made it known that the step was taken to ensure quality control in order to avoid hazards like collapse of buildings.
Also addressing the allegation of charging ridiculous fees at development level, the company made it known that its infrastructural and development fees are not shrouded in secrecy but clearly stated on the company’ website and on its subscription forms with terms and conditions. However, increment might be effected as the economy dictates, which is why the fees are reviewable periodically to reflect the state of the market. It added that clients are usually informed through a memo whenever increment is to take place.
