The House of Representatives has formally received a petition to investigate the alleged unlawful tampering with the corporate records of Jonah Capital Nigeria Ltd and Houses for Africa Nigeria Ltd by the Registrar General of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN.
The petition was written on behalf of the two companies, Jonah Capital Nigeria Ltd and Houses for Africa Nigeria Ltd In which the CAC registrar allegedly altered some corporate records to favour a contending party.
The petition was presented to the House of Representatives by Hon Muktar Tolani Shagaya from the Ilorin West Federal Constituency of Kwara State.
Speaking during the plenary presided over by Hon Benjamin Kalu, the Deputy Speaker, Hon Shagaya said, “Mr Speaker, I rise this morning to lay a petition before this Honourable House, signed by Kojo Mensah Ansah.
“The petition is on the unlawful expropriation of shares, extrajudicial removal of directors, and retrospective invalidation of corporate filings of Jonah Capital Nigeria Ltd. and Houses for Africa Nigeria Ltd. by the Registrar General of the Corporate Affairs Commission, Mr Hussaini Magaji, SAN. I seek the leave of the House to lay this petition.”
The Speaker then replied, “Honourable Shagaya, the leave is hereby granted, you may now lay the petition.”
SaharaReporters reports that the long-running ownership dispute surrounding Abuja’s multi-billion-naira River Park Estate escalated into a full-blown corporate crisis.
This followed allegations that the Registrar-General of the Corporate Affairs Commission (CAC), Hussaini
illegally expropriated shares of JonahCapital Nigeria Ltd and Houses for Africa Nigeria Ltd and reassigned them to rival claimants in the land ownership dispute.
This is also coming after the declaration on Channels TV by the FCT Minister, Nyesom Wike, that Samuel Jonah and JonahCapital were the original allotees of the River Park Estate.
The matters have now taken a bizarre turn where despite a directive of the Attorney General of the Federation and a subsisting court case, the Registrar General of Nigeria has constituted a court of himself and tried and proceeded to illegally alter the shareholding of the company; expunged public records and removed duly appointed directors of the company. He also reinstated the former directors of the company.
In a strongly worded statement issued by Kojo Ansah Mensah, CEO of JonahCapital Nigeria Ltd and one of the Ghanaian investors in the estate, he noted that on December 8, 2025, the Registrar-General “unlawfully altered” the ownership structure of both companies.
The registrar did this despite a court action and a standing directive from the Attorney-General’s office instructing the CAC to halt any such changes pending investigation.
According to Mensah, the Attorney-General, through the Solicitor-General, had on September 24, 2025 directed the CAC to place a caveat on the company’s records until the office of the AGF’s review of the forgery allegation made against investors Sir Samuel Jonah KBE, Kojo Mensah, Victor Quainoo and their Nigerian lawyer Abu Arome Esq.
Mensah said that despite being served with court Originating summons, several weeks before December 8, the Registrar-General went ahead to effect the controversial changes.
He also alleged that at a meeting held on December 1, 2025, in the presence of representatives of the adverse parties and the Attorney-General’s office, the Ghanaian investors’ lawyers informed Mr. Magaji that the matter was sub judice.
The Registrar-General later claimed in a letter to the AGF that the investors “failed to appear,” an assertion Mensah described as “bizarre and false.”
Following the changes, Mensah said individuals “newly coronated” as directors —Olakitan Ogunmuyiwa and Adeniran Ogunmuyiwa — immediately notified banks, including Zenith Bank, to close the companies’ accounts, and wrote to the Minister of the FCT announcing a purported takeover.
“These hurried actions are designed to disrupt the operations of the company,” Mensah stated.
The Ghanaian investors have since petitioned the National Assembly, whose plenary reportedly adopted their motion on December 11, 2025, as well as the Attorney-General of the Federation, describing the CAC’s actions as a dangerous precedent that could enable “hostile takeover of foreign-owned companies by government officials.”
In a recent development, SaharaReporters had reported that the Houses for Africa Nigeria Ltd, one of the companies at the centre of the crisis, issued a detailed rebuttal disowning Dr. Adeniran Ogunmuyiwa, who had recently claimed to speak on behalf of the company.
In a statement dated October 11, 2025, and signed by its company secretary, the firm had described Ogunmuyiwa’s claims as “false, misleading, and malicious,” insisting he ceased to be a shareholder or director years ago.
“For the avoidance of doubt, the directors of Houses for Africa Nigeria on CAC records are Kojo Ansah Mensah, Sir Samuel Esson Jonah, Victor Quainoo, and Jonah Nathaniel,” the company stated.
“Any other individual claiming directorship is doing so fraudulently.”
The company had said Ogunmuyiwa entered the firm through JonahCapital in the 2000s but voluntarily relinquished his 20% shares under a 2012 Heads of Agreement, affirmed by a 2013 Special Resolution, and later formalised through a 2017 resignation letter.
As part of his exit, he was granted development rights over 94.8 hectares of River Park land and another 45 hectares for creditor settlements, but allegedly failed to settle creditors, exposing the company to litigation.
Houses for Africa added that Ogunmuyiwa and associate Paul Odili repeatedly evaded media requests for evidence backing their claims, “citing personal health issues,” a move the company described as strategic evasiveness.
The firm also distanced itself from a lawsuit purportedly filed on its behalf by Chief Anthony Aikunegbe Malik, SAN, challenging the FCT Ministerial Committee.
“For the record, neither the Board nor legitimate directors have authorised any such legal action,” it stated, challenging the lawyer to produce evidence of fees paid from the company’s accounts and warning that acceptance of third-party payments could violate anti-money laundering regulations.
The company further emphasized that Kojo Mensah has been the sole signatory to corporate accounts in Zenith Bank, UBA and Wema Bank since 2014, providing payroll, tax, pension, and vendor payment records as evidence.
*The controversy intensified after Ogunmuyiwa circulated a statement accusing Mensah of impersonation and fraud in relation to River Park Estate—claims now countered by extensive documentation from Houses for Africa.*
With the CAC’s controversial intervention, rival directorship claims, conflicting lawsuits, and allegations of forgery and corporate sabotage on all sides, analysts warn that the River Park dispute has become one of Nigeria’s most complex corporate governance battles.
Industry observers say the CAC’s actions—if not reversed or clarified—risk undermining investor confidence and fuelling perceptions of politically enabled corporate takeovers.