River Park Estate is owned by Nigerians not Ghanaians, management says
The management of Jonahcapital Nigeria Limited and House for Africa Nigeria Limited, owners of River Park Estate, Airport Road, Lugbe, Abuja, has debunked claims that the company is (estate) run by a Ghanaian, Samuel Jonah.
The management rejected the insinuations as reported by a newspaper on 15 December 2025 and reviewed by AIT Television on Monday morning, that Jonah owns the company, noting the report is “false, misleading, and baseless.”
In setting the record straight in a press statement on Monday, Jonahcapital Ltd stated that the Ghanaian was only invited to be a shareholder at the beginning, that at no time was he a Director of the company, nor did he participate in its management.
The statement further stated that working with Nigerian cohorts, Jonah turned the table against the Nigerian owners by illegally acquiring majority shares of the company. It explained that the company is fully owned and managed by Nigerians.
The management said sometime in 2024 Jonah illegally executed a purported board resolution of Jonahcapital Nigeria Limited despite never being a Director and having relinquished his shareholding since 2007, and using forged documents, unlawfully increased the company’s share capital from 1,000,000 shares to 100,000,000 shares, allocating 99,000,000 shares to himself, and fraudulently removed the legitimate Nigerian owners and directors, replacing them with his Ghanaian cronies.
The statement reads in part:
“The attention of the Management of Jonahcapital Nigeria Limited and Houses for Africa Nigeria Limited has been drawn to certain false, misleading, and baseless statements made during the Newspaper Review aired on African Independent Television (AIT) on 15th December 2025 at about 7:00 a.m.
“We consider it necessary, in the interest of truth and public record, to set out the correct facts as follows: Jonahcapital Nigeria Limited is a fully Nigerian company, founded by a Nigerian couple. At inception, Mr. Samuel Jonah, a Ghanaian, was invited to be a shareholder. At no time was he a Director of the company, nor did he participate in its management.
“Sometime in 2024 particularly the 1st of February, 2024, Samuel Jonah illegally executed a purported board resolution of Jonahcapital Nigeria Limited despite never being a Director and having relinquished his shareholding since 2007 and using forged documents, unlawfully increased the company’s share capital from 1,000,000(One million) shares to 100,000,000 (One Hundred Million) shares, allocating 99,000,000 (Ninety-Nine Million) shares to himself, and fraudulently removed the legitimate Nigerian owners and directors, replacing them with his Ghanaian cronies.
“Consequent upon these acts, Samuel Jonah began impersonating himself as the owner of the company. This led to a comprehensive investigation by the Nigeria Police upon petitions by the legitimate Nigerian owners, directors and even Samuel Jonah himself. After almost one year of investigation, including forensic analysis of the disputed documents used in carrying out these illegal filings, the Police conclusively established that the documents relied upon by the Ghanaians were forged, and criminal charges were filed against SAMUEL JONAH, KOJO MENSAH and their Nigerian Collaborator; ABU AROME who was the lawyer that carried out these fraudulent filings at the CAC in court. It was after this development that the said Ghanaians wrote to the Office of the Honourable Attorney-General of the Federation after they had bragged and boasted that based on their relationship with the Solicitor General, nothing was going to happen to them
“In the midst of these events, several civil suits were instituted by the Ghanaians, in which the Honourable Minister of the Federal Capital Territory and the Nigerian Directors were joined as parties. Unknown to the Nigerian Directors, the lawyer to the Ghanaian, Mr. Sunday Ibrahim Ameh SAN, who is also counsel to the FCT Administration and the Honourable Minister of the FCT, leveraged his existing relationship to write a petition to the Honourable Minister of the FCT on behalf of the Ghanaian parties, at a time when they had already been charged to court. Pursuant to this petition, and without any disclosure to the Nigerian Directors, the General Counsel to the Honourable Minister of the FCT who had earlier made statements to the effect that “depending on who you know, we can take whatever we want and give it to whoever we like” was appointed Chairman of a Ministerial Committee by the Honourable Minister. The said committee has since been revealed to be a sham. The General Counsel, acting as Chairman, wrote to all parties under the guise of resolving issues of ownership. The Nigerian Directors and owners, acting in good faith and in the interest of peace, participated in the process, believing it to be fair, transparent and genuine attempt at resolving the issues. However, it later became evident that the General Counsel deliberately suppressed material facts and further misled the Honourable Minister by falsely presenting the Ghanaians as the rightful owners of the companies, while portraying the Nigerian Directors as persons seeking to take undue advantage of them. It was against this backdrop that the Honourable Minister of the FCT proceeded to make public statements on national television, misrepresenting the true facts surrounding Jonah Capital Nigeria Limited and Houses for Africa Nigeria Limited, and further launched unwarranted attacks on the Office of the Inspector-General of Police, which had conducted investigations into the matter.
“While these events were unfolding, the Nigerian Directors and owners approached the court to challenge the sham ministerial report, and the court duly granted an Order restraining its implementation. Notwithstanding this subsisting Order of Court, and in clear, willful, and flagrant disobedience of court orders, officials of the FCT Authority acting in furtherance of the interests of the said Ghanaians, persistently deployed bulldozers to carry out illegal and unauthorized demolition of structures being lawfully developed by the Nigerian Directors. Many of these developments had been ongoing for several years and were undertaken pursuant to valid and subsisting building approvals, with all requisite statutory fees duly paid.
“The Management of Jonahcapital Nigeria Limited and Houses for Africa Nigeria Limited issued a Pre-Action Notice to the Corporate Affairs Commission (CAC), drawing its attention to attempts by certain Ghanaian individuals to unlawfully take over the companies through the use of forged and falsified documents. Upon receipt of the notice, the CAC wrote to all parties concerned, including the said Ghanaians and the Nigeria Police Force, inviting them to appear and clarify the issues surrounding the ownership and shareholding structure of the companies. The Ghanaians failed to honour the first invitation. When a further date was fixed and a second invitation extended to them, they immediately rushed to court to restrain the CAC from entertaining or deliberating on any matter relating to the ownership or share capital of the companies. Notably, even before approaching the court, the Solicitor-General who has since emerged as an ally of the said Ghanaians had written to the CAC directing that the companies be placed on caveat, with the apparent intention of preventing any investigation into the criminal acts perpetrated by the Ghanaians
“One consistent and troubling pattern which has emerged throughout this whole issue is that whenever any regulatory or investigative body invites the parties to appear for the proper ventilation and resolution of the issues in contention, the Ghanaians immediately rush to court to frustrate or halt such inquiries. This has been their modus operandi at every stage, first before the Nigeria Police, then the Economic and Financial Crimes Commission (EFCC), and now the Corporate Affairs Commission (CAC), they thereafter embark on coordinated media campaigns marked by misinformation, falsehoods, and attempts to malign and intimidate these institutions from performing their statutory functions.
“The management of Jonahcapital Nigeria Limited and Houses for Africa Nigeria Limited hereby issues an open and unequivocal challenge to the Ghanaian to submit themselves to any neutral, transparent, and credible forum or panel of impartial arbiters for a full examination of this matter, where all parties can openly present and defend their respective positions. It is our firm and established position that the Ghanaian’s claims to these companies are founded entirely on forged and falsified documents, and we challenge them to prove otherwise through lawful, objective, and verifiable processes.”
