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Posted By Admin On September 22nd, 2025

The last may not have been heard on the protracted battle over ownership of River Park Estate, Abuja, following a revelation by an investor, Dr Adeniran Ogunmuyiwa, that he established JonahCapital Nigeria Ltd.

Ogunmuyiwa was reacting to a statement by the Minister of the Federal Capital Territory, Nyesom Wike, suggesting that JonahCapital Nigeria Ltd, owners of River Park Estate Abuja, was owned by Ghanaians.

In a statement on Sunday, Dr. Adeniran Ogunmuyiwa, clarified that he established JonahCapital Nigeria Limited in 2006 (with CAC Registration. No. 669754), when he instructed the Law Firm of L.D. Shwarkuka & Associates to incorporate the company with himself and his wife as 60 percent majority shareholders.

He stated that the lingering feud over River Park Estate was caused by some Ghanaians, whom he accused of trying to take over JonahCapital through dubious means.

“The Ghanaian conspirators led by Kojo Mensah only tried to steal the company last year February 2024 when they fraudulently increased the share capital of the company from 1,000,000 to 100,000,000, without any of the directors knowing, by creating 99,000,000 shares.

“The Ghanaians, led by Kojo Mensah, only began to say the company belongs to them after they fraudulently created 99,000,000 shares and allocated it to themselves in 2024.

“This is the basis for the police investigating the case which led to Kojo Mensah, being charged to Court alongside his lawyer Abu Arome and others.

“The Nigeria Police has preferred a 26-count charge against a Nigerian lawyer Abu Arome, and three Ghanaians, namely Sam Jonah, a Knight of British Empire (KBE), Kojo Ansah, Victor Quainoo, and a company, Mobus Property Nigeria Ltd.

“The accused persons are billed for arraignment on October 7.

“The charge marked CR/402/205, filed at the High Court of the Federal Capital Territory, was dated 25th, but filed on June 26th 2025, and endorsed by Isa Garba, prosecuting counsel, legal and prosecution section, Force headquarters, Abuja,” Ogunmuyiwa said.

By the charge, the complainant, IGP, stated that the defendants are being prosecuted
over their alleged involvement in the forgery of company documents in a bid to illegally takeover Houses for Africa Nigeria Ltd, and Jonahcapital Nigeria Ltd.

“While we are unbothered by propaganda claims, by the Ghanaians, we commit every right-thinking Nigerian to read the truth in a Police report published publicly on 27th June 2025,” Ogunmuyiwa added.

The status report of the company from 2006-2020 and how it was manipulated in 2024 and 2025, according to Ogunmuyiwa, is also available for the world to see.

Ogunmuyiwa explained further that the company was eventually sold to Paulo Homes Limited in 2025, with the South African Chief Executive Officer, Mr. John Townley-Johnson, of Houses for Africa Holdings Inc. (the initial foreign investors in River Park) and myself agreeing to that transaction.

He maintained that issue again is a test for Nigeria’s justice system and corporate security at the Corporate Affairs Commission, CAC, “as this dispute is only coming up because the CAC allowed unauthorised alteration of our approved records at their office”.

“We duly authorized the filing of the action in Suit No: FHC ABJ CS/1869 2025, by our recognized counsel Oluwabunmi Adebiyi, because we believe the court is where we can get full redress for the illegal acts done to us,” he stated.

According to police, investigations revealed that the accused persons had illegally increased the company’s share capital and allocated 99 million shares to themselves using falsified documents and forged signatures, also falsely presenting themselves as Nigerian ‘citizens to the Corporate Affairs Commission, CAC, to facilitate their alleged fraudulent activities.

In a bid to prove its case of fraud, forgery, impersonation against the defendants, the police listed alongside the charge, several exhibits, including letters of petition to the Inspector General of Police and Commissioner of Police FCT Command, respectively.

Also attached to the charge are copies of final police investigation report; police investigation report; statements of the defendants; and a letter of relinquishment of 8,000,000 shares allegedly signed by John Townley Johnson on Houses for Africa Holding Inc. letterhead.

Other exhibits include, board resolution of Houses for Africa Nigeria Ltd. dated 9th September 2013, appointing and removing directors, various status reports of Houses for Africa Nigeria Ltd, and that of Jonahcapital Nigeria Ltd.

The charge was also accompanied by forensic reports from keyforensics Ltd, and the Nigerian Police.

The board resolution used to remove Nigerian Directors from Jonahcapital Nigeria Ltd/Houses for Africa Nigeria Ltd; board resolution used to increase share capital of Houses for Africa, and Jonahcapital; and title documents processed in Mobus Property Nigeria Ltd., were also listed as exhibits by the police.

Source: https://dailypost.ng/2025/09/21/river-park-estate-i-established-jonahcapital-not-ghanaians-nigerian-investor-tells-wike/