• Friday, April 19, 2024
businessday logo

BusinessDay

Re-Residents petition EFCC over developer’s alleged fraud at Pearl Garden Estate

Re-Residents petition EFCC over developer’s alleged fraud at Pearl Garden Estate

On Friday, June 14, we ran a story titled ‘Residents petition EFCC over developer’s alleged fraud at Pearl Garden Estate,’ which we sourced from the News Agency of Nigeria (NAN).

In the story, the residents of Pearl Garden Estate and Pearl Nuga Park Estate located at Sangote do in Lekki/Ajah area of Lagos, had alleged that CMB Building Maintenance and Investment Ltd, allegedly mortgaged some of their homes, to secure bank loans.

This allegation was however, not verified by us before running the story, which also had the GSM
number and the email address of Kelechi Mbagwu, Managing Director (MD) of CMB Building Maintenance and Investment Ltd, the developers of the said estates, published.

We have since realised that this unverified claim, as well as the telephone number and email address of the MD shouldn’t have gone on our medium. We hereby tender our unreserved apologies to Kelechi Mbagwu for the embarrassment this may have caused him.