ALL cannot said to be well within the quiet neighborhood of Beechwood
Estate, located along Lekki-Epe Expressway, Lagos, as subscribers to
the scheme and the developer are at dagger’s drawn over provision of
some facilities, six years after the former signed agreement of purchase
into the property.
Essentially the residents who are up in arms
against the facility mangers claim that the company failed to meet up
with agreements six years after they paid N2.5 million to Beech Wood
Estate a subsidiary of Assets & Resource Management Co. limited,
(ARM) for plots of land located along the Lekki-Epe Expressway.
But ARM in a response claims that the allegations are incorrect even as it had fulfilled all the requirements.
a letter signed by the Chairman of Beech Wood Estate Resident
Association, Mr. Nduka Dagbue, residents of the estate are disgruntled
as a consequence of living without all the promised amenities and now
seeking the intervention of Lagos State Government, and well meaning
stakeholders and the general public.
It said: "This is November
2012 six years later and the estate is still not delivered. The various
projects are at different abandoned stages of completion as stated by
ARM. There are no timeline existing presently for the completion of
these projects as agreed in the signed documents.
the said agreement yet to be fulfilled covenants including but not
limited the following were made by ARM to unsuspecting members of the
public who had gone out of their way to purchase the said plots:
Completion of the perimeter fence of the estate to ensure security of
existing properties and the lives of the occupants of the estate,
Completion and delivery of electricity and water supply within the
estate as stated in the agreement signed with our Client, Delivery of
the approved lay out plan of the estate to enable our clients complete
the processing of their building approval plans presently stalled by the
non-availability of an approved layout plan, Appropriate
beautification of the front of the estate and the other green areas in
the estate and Completion of roads and Drainages.
"By this breach
of contractual obligation and failure in service delivery on the part of
ARM, the residents of Beech Wood Estate now live in fear and perpetual
darkness, as the haphazard work on the said facilities to be provided by
ARM was abandoned halfway after money had been collected from the
unsuspecting purchasers/ subscribers to the scheme without any actual
plans or intention to complete the said work.
However, ARM in a
response to the allegations explained that perimeter wall has been
completed – with installed security for the wellbeing of current
"Currently all high tension poles and cables have been
installed, low tension installation is at 50per cent, all transformers
have been delivered to site (3 of which have been installed) and 30per
cent of the water distribution channel has been connected.
total sum of N53, 000,000 was paid to Lagos State Ministry of Physical
planning and Urban Development for the Layout Approval of the Estate in
November 2011. 99 per cent of the road network within the estate is
completed. Only two roads in Zone 3 (Azare and Kabba) are yet to be
It also stressed that the beautification of the estate
is incumbent upon the residents, as the company claimed to have assisted
with clearing the environs periodically – the last exercise as of 2
As far back as 2005, Assets & Resource Management
Co. Ltd. (ARM) through its subsidiary Beech Wood Estate sold plots of
land being part of a parcel of land located along the Lekki-Epe
Expressway to members of the public who had leveraged on the said
reputation of ARM, they did so with covenants of providing serviced
plots to each purchaser.